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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 668.10
Bid: 667.90
Ask: 668.10
Change: 4.50 (0.68%)
Spread: 0.20 (0.03%)
Open: 666.40
High: 670.80
Low: 666.40
Prev. Close: 663.60
HSBA Live PriceLast checked at -

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Apple Pay launches in Britain, with hiccups

Tue, 14th Jul 2015 09:40

By Eric Auchard

LONDON, July 14 (Reuters) - Apple introduced mobilepayments in Britain on Tuesday, hoping to make a splash withconsumers familiar with using cards for tap-and-go purchases, asresistance from hold-out banks and stores appeared to evaporate.

Starting Tuesday, Apple Pay is set to be available in250,000 sites, from Tube stations to coffee shops, supermarketsand travel services, making it more widely available than whenit was first introduced in the United States nine months ago.

Users first load their credit and debit card details into anapp on their Apple phones or watches. To pay, customers hold thedevice near a contactless terminal with the user's fingerprintsconfirming their identity.

The service is one of Apple's biggest bets, a way of bindingcustomers more tightly to its phones and new smart watches, aswell as taking a small slice of every retail transaction.

Apple Pay will eventually be supported by all major Britishbanks. The last hold-out, Barclays, confirmed onTuesday its debit card users and Barclaycard credit cardcustomers will be able to use Apple Pay in the future.

However, there also were some first-day teething problems. Another major bank, HSBC Holdings said it was havingtechnical problems that will lead to a two-week delay before itsclients in the United Kingdom can sign up to the service.

Morning subway commuters in the capital were greeted byadvertisements from several major banks encouraging the fractionof their customers with the latest-model Apple phones, tabletsand smartwatches to link their payment cards to Apple Pay.

Tube-operator Transport for London and big retailers Boots,the British pharmacy business of Walgreens Boots Alliance ; Costa Coffee, a part of Whitbread ; supermarketsMarks and Spencer and Waitrose all lined up to supportApple Pay.

Part of Apple Pay's appeal to banks and merchants is itshigher level of security than most other electronic paymentmethods to date, and its ease of use, once customers wadethrough the bureaucratic process of connecting their accounts.

But unlike the consumer electronics business, where Appleregularly releases new computers or phones in dozens ofcountries at once, there is no such thing as a unified paymentsmarket, slowing expansion to further markets.

So far, Apple has been reported to be working to introduceits mobile payments service in China, South Korea and Canada. (Additional reporting by Sinead Cruise and Steve Slater inLondon and Julia Love in San Francisco; editing by David Clarke)

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11 Apr 2024 10:06

Blackstone, CVC consider bids for Superstruct festivals firm, sources say

LONDON, April 11 (Reuters) - Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters.

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9 Apr 2024 22:39

Argentina's Banco Galicia bets on lower inflation, rates after HSBC deal

BUENOS AIRES, April 9 (Reuters) - Argentina's Banco Galicia, buying HSBC's local assets in a near $500 million deal, is betting that new libertarian President Javier Milei will bring down soaring inflation and ease rates to boost lending in the South American nation.

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9 Apr 2024 15:40

Financial firms tout energy business after West Virginia restrictions

NEW YORK, April 8 (Reuters) - West Virginia has added Citi, HSBC and two other financial firms to a list of institutions that may be barred from some state business due to their energy finance policies, prompting three of them to assert their commitment to that industry.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 15:12

HSBC's Argentina exit doesn't impact valuation, Shore Capital says 'buy'

(Sharecast News) - Shore Capital has said that HSBC's disposal of its Argentinian business should not have a material impact on its investment case despite it generating a $1bn hit to the business.

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9 Apr 2024 08:52

TOP NEWS: HSBC to take USD1 billion loss on sale of Argentina business

(Alliance News) - HSBC Holdings PLC on Tuesday said it will sell its business in Argentina to Grupo Financiero Galicia SA, which it called the largest private financial group in the South American country.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 08:37

HSBC takes $1 bln hit from Argentina sale as Asia pivot continues

Grupo Financiero Galicia to buy the business for $550 mln

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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9 Apr 2024 07:05

HSBC to take $1bn hit from Argentina unit sale

(Sharecast News) - HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.

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8 Apr 2024 19:45

West Virginia treasurer adds four finance firms to ESG blacklist

NEW YORK, April 8 (Reuters) - West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state's treasurer deems they are boycotting the fossil fuel industry.

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8 Apr 2024 07:00

HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says

Managers focused on growth after complex transformation

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5 Apr 2024 07:29

Spain's Berge drops plans to list its Astara unit this year

MADRID, April 5 (Reuters) - Spanish privately owned logistics group Berge has dropped plans to list shares in its automotive unit Astara as market conditions are not the most appropriate for a flotation, the company said late Thursday.

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3 Apr 2024 16:07

London close: Stocks reverse losses to finish slightly higher

(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.

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3 Apr 2024 13:19

Morgan Stanley commits to Canary Wharf home until at least 2038

LONDON, April 3 (Reuters) - Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

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