Stock Movers HSBC Up, Aston Martin Cuts, Dismal Diageo
Feb 25, 2026
Chloe Malay, Bloomberg reporter covering European markets, gives company-by-company color on this market roundup. She breaks down HSBC’s surprising profit rebound and Asia-focused reshuffle. She unpacks Aston Martin’s plan to cut up to 20% of staff amid losses and tariffs. She covers Diageo’s second guidance cut and the early test facing new CEO Dave Lewis.
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HSBC Turnaround Hits Major Milestone
- HSBC's turnaround under CEO George Eldari delivered better-than-expected 2025 profit driven by wealth and Hong Kong franchises.
- The bank hit cost‑saving targets six months early and its market value topped $200 billion for the first time in 2025.
Prioritize Regional Strengths To Speed Turnarounds
- Focus strategic efforts on profitable regional strengths to accelerate recovery.
- George Eldary doubled down on Asia and prioritized wealth and Hong Kong franchises, delivering faster profit and valuation gains.
Aston Martin Plans Deep Job Cuts
- Aston Martin announced cuts of up to 20% of its ~3,000 workforce to save about £40 million as part of a prolonged turnaround.
- Despite cuts, the company lost almost £500 million in 2025 and doesn't expect positive cash flow this year, with U.S. tariffs and China slowdown worsening problems.