* UK bank outlook changed to negative from stable * Cites new regulations to prevent taxpayer bailouts (Adds further details, comments from analyst) LONDON, Aug 5 (Reuters) - Moody's Investors Service has revised down its outlook on British banks, saying new regulations designed to
Read moreLONDON, Aug 5 (Reuters) - Moody's Investors Service has revised down its outlook on British banks, citing new regulations designed to prevent taxpayers having to stump up funds to rescue failing banks. Moody's said on Tuesday it had downgraded its view of the sector to 'negative' from 'stab
Read moreHolding shares for dividends alone may sound nice in theory but in practice is by no means a risk-free endeavour. Exhibit number one: HSBC. Year-to-date its stock price has fallen by 12%, wiping out more than twice the equivalent value of the dividends which it has paid out during the same period. T
Read moreHONG KONG, Aug 5 (Reuters) - HSBC has named former UBS banker Rami Hayek as its most senior investment banker for central banks and currency reserve management clients in Asia Pacific, according to an internal memo seen by Reuters on Tuesday. Hayek will, with Michael Bevan, also jointly lea
Read moreProduct testing, inspection and certification group Intertek saw its share price surge 7% after half-year profits beat estimates despite sales falling short of forecasts. The company said that earnings per share slipped to 61.2p in the first six months of the year, down 1.1% on the year but above th
Read more* Heavy agenda of reforms risks overburdening staff, operations * "Creeping concern" of zero tolerance for risk-taking -chairman * H1 pretax profit drops 12 pct after fall in revenue * HSBC set to benefit from higher interest rates * Shares up 1.2 pct vs 0.6 pct sector ris
Read moreBanking stocks were leading the risers in London on Monday after investors gave a welcome reception to first-half results from sector heavyweight HSBC. HSBC shares were up 1.5% at 638.7p in afternoon trade despite the company reporting a worse-than-expected 12% fall in half-year profits. The bank
Read moreShore Capital has repeated its 'hold' recommendation for HSBC, saying that the stock is fully valued after its slightly worse-than-expected interim report. The bank reported a 12% fall in profit before tax (PBT) in the first half to $12.340bn, around 1% short of the consensus forecast of $12.549bn.
Read moreShore Capital has repeated its 'hold' recommendation for HSBC, saying that the stock is fully valued after its slightly worse-than-expected interim report. The bank reported a 12% fall in pre-tax profit in the first half, around 1% lower than the consensus forecast, owing to regulation and complian
Read more- HSBC leads banks higher, Intertek rises - UK construction PMI beats forecasts - Portugal concerns ease after BES rescue techMARK 2,748.21 -0.12% FTSE 100 6,711.03 +0.48% FTSE 250 15,387.53 -0.10% UK stocks pushed higher on Monday as the FTSE 100 rebounded after three straight days of losses, as
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