Joining Georgie Frost to discuss what the main market headlines of the morning are Panmure Gordon's veteran Market Commentator, David Buik. A busy morning of Company Announcements, including a difficult statement from HSBC. HSBC is blaming a year of "unexpected economic and political events" for a slump in annual profits. The bank made just under 2 billion pounds over the year, compared with nearly 11 billion in 2015. The company says uncertainties created through the last 12 months temporarily influenced investment activity and contributed to volatile market conditions.