1. HSBC profits plummet after China write-downs
Shares slipped after the bank revealed fourth-quarter profits had plummeted 80% to US$1 billion.
2. FTSE 100 tumbles
The FTSE 100 was down 55 points at 7,663 on Wednesday afternoon.
3. BAE Systems sees record orders as global tensions mount
Sales for the past year came in at £25.3 billion, up 9% and largely fuelled by the US.
4. BT to sell iconic tower to hotel chain
London's BT Tower is to be sold to MCR Hotels for £275 million.
5. Jeff Bezos sells over $8bn of Amazon stock
Bezos sold off more than 14 million shares in his company between last week and Tuesday alone.