Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 684.50
Bid: 684.30
Ask: 684.60
Change: 16.40 (2.45%)
Spread: 0.30 (0.044%)
Open: 678.20
High: 685.40
Low: 677.60
Prev. Close: 668.10
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AXA and QBE buy some HSBC general insurance businesses

Wed, 07th Mar 2012 07:05

Banking titan HSBC's sale of peripheral parts of its operations has continued with the sale of its general insurance businesses in Hong Kong, Singapore, Argentina and Mexico.The businesses, jointly owned with HSBC's 62% owned subsidiary Hang Seng Bank, have been sold to French insurance giant AXA and Australian firm QBE Insurance Group, with the former taking the general insurance portfolios for Hong Kong, Singapore and Mexico, while QBE is scooping up the rest.The gross assets to be sold by HSBC were valued at $1,228m at the end of 2011 and had a net asset value (NAV) of $237m. The assets being sold to AXA had an end-2011 valuation of $444m (NAV: $48m), while the job lot being purchased by QBE was valued at $784m ($189m).The aggregate cash consideration payable by AXA and QBE for the acquisitions of the general insurance businesses is in the region of $914m, with AXA stumping up $494m and QBE $420m.Both companies have signed 10-year agreements to sell general insurance products distributed by HSBC Group companies and Hang Seng Bank to retail banking customers in Hong Kong and mainland China, Singapore, India, Indonesia, Mexico and Argentina.AXA will become the exclusive provider of general insurance products distributed by HSBC Group companies to customers in Hong Kong and Mainland China (other than customers of Hang Seng Bank and HSBC's Chinese Rural Banks), Singapore, India and Indonesia (other than customers of PT Bank Ekonomi Raharja) and of property and casualty products distributed by HSBC Group companies to customers in Mexico. Under similar arrangements, QBE will become the exclusive provider of general insurance products distributed by HSBC Group companies to customers in Argentina and by Hang Seng Bank to customers in Hong Kong and Mainland China. Stuart Gulliver, Chief Executive of HSBC Group, said the new arrangements would enable the group to focus its capital and resources on the growth of its core businesses, including the ramping up of its broader wealth management capabilities.Under the 10-year "bancassurance" arrangements AXA and QBE will pay commissions on product sales and may make profit-related payments, to HSBC Group companies and Hang Seng Bank.jh
More News
9 Nov 2023 15:02

London close: Stocks gain as investors await Powell speech

(Sharecast News) - London's stock markets were buoyant at the close of trading on Thursday, influenced by Chinese inflation data, a substantial influx of corporate news, and a speech from the Fed chair later in the global day.

Read more
7 Nov 2023 10:19

China's exports slide as imports unexpectedly jump

(Sharecast News) - China saw a steeper-than-expected fall in exports last month, trade data showed on Tuesday, while imports surprised to the upside.

Read more
2 Nov 2023 16:02

UK dividends calendar - next 7 days

Friday 3 November 
Alumasc Group PLCdividend payment date
Andrews Sykes Group PLCdividend payment date
AVI Japan Opportunity Trust PLCdividend payment date
Barratt Developments PLCdividend payment date
British American Tobacco PLCdividend payment date
Brooks Macdonald Group PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
Fintel PLCdividend payment date
Games Workshop Group PLCdividend payment date
HSS Hire Group PLCdividend payment date
Johnson Service Group PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Judges Scientific PLCdividend payment date
MP Evans Group PLCdividend payment date
M&G PLCdividend payment date
Mattioli Woods PLCdividend payment date
Mortgage Advice Bureau Holdings PLCdividend payment date
Persimmon PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
TP ICAP Group PLCdividend payment date
Twentyfour Income Fund Ltddividend payment date
Weir Group PLCdividend payment date
Wickes Group PLCdividend payment date
WPP PLCdividend payment date
Monday 6 November 
no events scheduled 
Tuesday 7 November 
no events scheduled 
Wednesday 8 November 
abrdn New Dawn Investment Trust PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
Thursday 9 November 
abrdn Smaller Companies Income Trust PLCspecial ex-dividend payment date
Airtel Africa PLCex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
Burford Capital Ltdex-dividend payment date
C&C Group PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
Galliford Try Holdings PLCex-dividend payment date
Genus PLCex-dividend payment date
Greencoat Renewables PLCex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCex-dividend payment date
J Sainsbury PLCex-dividend payment date
NCC Group PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Schroder BSC Social Impact Trust PLCex-dividend payment date
Softcat PLCex-dividend payment date
SThree PLCex-dividend payment date
Target Healthcare REIT PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
Warpaint London PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
1 Nov 2023 14:03

IN BRIEF: Vanquis confirms David Watts, once of HSBC, as CFO

Vanquis Banking Group PLC - Bradford, England-based lender - Confirms that David Watts joined the board on Wednesday as Vanquis Banking's new chief financial officer and executive director, following a prior announcement on September 27. Watts will also join the board of Vanquis Bank Ltd following regulatory approval.

Read more
1 Nov 2023 09:36

LONDON BROKER RATINGS: Goldman says 'sell' Segro; JPMorgan cuts BP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
30 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks stage fight back despite more banking woes

(Alliance News) - Stocks in London fought back on Monday, after hitting two-month lows on Friday, although a fall in HSBC shares kept a lid on further progress.

Read more
30 Oct 2023 16:00

London close: Stocks higher after flurry of corporate updates

(Sharecast News) - London's financial markets showed resilience on Monday, finishing with gains as investors assessed corporate results and awaited significant central bank policy updates.

Read more
30 Oct 2023 11:56

LONDON MARKET MIDDAY: Investors buy ahead of interest rate decisions

(Alliance News) - Stock prices in London were firmly up at midday on Monday, as investors awaited this week's central bank decisions in Japan, the US and the UK.

Read more
30 Oct 2023 09:00

LONDON MARKET OPEN: Stocks rise; Ascential surges on disposals

(Alliance News) - Stock prices in London opened higher on Monday, as investors anticipated the week's central bank meetings, and considered the latest events in the Middle East.

Read more
30 Oct 2023 07:44

LONDON BRIEFING: Pearson upgrades annual guidance; HSBC profit misses

(Alliance News) - Stocks in London are expected to start the week on a more optimistic note, as investors look ahead to central bank decisions and weigh up the potential risk from developments in the Middle East.

Read more
30 Oct 2023 07:28

HSBC Q3 profit misses expectations; $3bn share buyback announced

(Sharecast News) - HSBC posted a smaller-than-expected jump in third-quarter profits on Monday, as it announced a $3bn share buyback.

Read more
30 Oct 2023 06:56

LONDON MARKET EARLY CALL: FTSE to rise before central bank meetings

(Alliance News) - Stocks in London are set to open higher on Monday, as investors look ahead to the week's central bank decisions.

Read more
30 Oct 2023 05:14

TOP NEWS: HSBC launches USD3 billion buyback as quarterly profit jumps

(Alliance News) - HSBC Holdings PLC on Monday reported that quarterly profit more than doubled, but fell short of market expectations, as it prepared to launch a USD3 billion share buyback.

Read more
27 Oct 2023 10:05

IN BRIEF: HSBC completes GBP2 billion share buyback

HSBC Holdings PLC - London-based bank - Completes its USD2 billion share buyback on Thursday. Since launching the programme in early August, HSBC buys back 129.8 million shares in the UK at an average price of GBP6.19 and 129.1 million shares in Hong Kong at an average price of HKD60.60. The buyback is run by Merrill Lynch International. After cancelling the 258.9 million shares, HSBC will have 19.8 million shares, including 325.3 million held in treasury.

Read more
23 Oct 2023 15:46

UK earnings, trading statements calendar - next 7 days

Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
Wednesday 25 October 
Asos PLCFull Year Results
Bytes Technology Group PLCHalf Year Results
Critical Mineral Resources PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Ibstock PLCTrading Statement
Lloyds Banking Group PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
RWS Holdings PLCTrading Statement
ScS Group PLCFull Year Results
Virgin Wines UK PLCFull Year Results
Thursday 26 October 
Bank of Ireland Group PLCTrading Statement
Bloomsbury Publishing PLCHalf Year Results
Botswana Diamonds PLCTrading Statement
C&C Group PLCHalf Year Results
e-Therapeutics PLCHalf Year Results
Financials Acquisition CorpTrading Statement
GCP Infrastructure Investments LtdTrading Statement
HarbourVest Global Private Equity LtdHalf Year Results
Hummingbird Resources PLCTrading Statement
Hunting PLCTrading Statement
Inchcape PLCTrading Statement
International Personal Finance PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Renishaw PLCTrading Statement
Standard Chartered PLCQ3 Results
Unilever PLCTrading Statement
WPP PLCTrading Statement
Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
Monday 30 October 
Airtel Africa PLCHalf Year Results
Computacenter PLCTrading Statement
Glencore PLCTrading Statement
HSBC Holdings PLCQ3 Results
Lok'n Store Group PLCFull Year Results
Pearson PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.