HSBC, BT, SoundCloud: Everything that matters this morning

HSBC half-year profits increase but warns of further uncertainty
HSBC’s profits rose 5% in the first half of the year after a turbulent 2016.
The results were better than expected with Europe’s largest bank reporting that its pre-tax profit for the first six months to June came in at $10.2bn (£7.8bn), compared with $9.7bn (£7.4bn) for the same period last year.
The bank has been on a recovery drive over the last two years to streamline the business and reduce costs.