FTSE 100 Movers: HSBC on the up after profit growth

Banking giant HSBC is heading north after it unveiled a rise in profits and a massive wave of job cuts.Pre-tax profits for the half year climbed by 3% from the same period the previous year, with strong performances from the retail banking and wealth management divisions, which benefited from fewer impairments, driving profits higher. Speaking at a conference call after the results announcement, chief executive Stuart Gulliver said that a further 25,000 jobs will be eliminated up to 2013, on top of the 5,000 that have already been cut.After delivering solid revenue and profit growth, testing and inspections firm Intertek's share price rocketed by almost 6%. "Our businesses continue to perform well overall, with strength in some areas offsetting slower growth in others," said Wolfhart Hauser, chief executive of Intertek. Precious metals miners Fresnillo and Rangold Resources were both heading south as investors move into riskier assets following the announcement that the US had come to an agreement of the debt ceiling. FTSE 100 - RisersIntertek Group (ITRK) 2,029.00p +5.95%HSBC Holdings (HSBA) 618.80p +4.09%Whitbread (WTB) 1,608.00p +3.34%Tullow Oil (TLW) 1,270.00p +3.25%Hargreaves Lansdown (HL.) 587.50p +3.07%ITV (ITV) 72.00p +2.93%Hammerson (HMSO) 479.20p +2.88%Aviva (AV.) 409.70p +2.73%Burberry Group (BRBY) 1,529.00p +2.34%GKN (GKN) 229.90p +2.31%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 5,495.00p -1.08%BAE Systems (BA.) 302.00p -0.66%Next (NXT) 2,361.00p -0.59%Fresnillo (FRES) 1,750.00p -0.57%Royal Bank of Scotland Group (RBS) 35.52p -0.48%Lloyds Banking Group (LLOY) 43.18p -0.39%Inmarsat (ISAT) 539.00p -0.19%Rolls-Royce Group (RR.) 652.00p -0.08%