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Share Price Information for HSBC Holdings (HSBA)

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Share Price: 694.60
Bid: 695.20
Ask: 695.40
Change: 2.40 (0.35%)
Spread: 0.20 (0.029%)
Open: 691.40
High: 699.90
Low: 687.30
Prev. Close: 692.20
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Former UK Chancellor Osborne shares in Robey Warshaw $37 mln pay day

Fri, 16th Dec 2022 14:20

LONDON, Dec 16 (Reuters) - Boutique investment bank Robey Warshaw shared 30 million pounds ($37 million) of profit between its four partners in the year to March 2022, with former British finance minister George Osborne taking a slice of the lucrative pot for the first time.

Robey Warshaw's profit was flat on the prior year when the pandemic dealt a blow to dealmaking and was shared between the firm's partners in pay and profit share, according to company accounts reviewed by Reuters on Friday.

Robey Warshaw has established itself as a key adviser to FTSE 100 firms such as HSBC and Vodafone since it was founded in 2013 by dealmakers Simon Robey, Philip Apostolides and Simon Warshaw.

Osborne - who has held a variety of roles since leaving government including editor of newspaper the Evening Standard - joined as a fourth partner in April 2021.

The bumper payouts for the tiny advisory firm shows how some smaller so-called 'boutique' investment banks are thriving, although the accounting period runs up to before the market chaos sparked by Russia's invasion of Ukraine.

Robey Warshaw ranks 12th in UK merger and acquisitions league tables in 2022, having advised on deals worth more than $26 billion, up from a 14th placement last year. The firm competes with rival boutiques like Evercore, which has consistently ranked higher over the past two years, according to Refinitiv data.

The company's highest-paid partner - widely reported to be former Morgan Stanley dealmaker Simon Robey - made 17.2 million pounds in the year to March 2022, compared with 20.1 million pounds previously.

The bank had just 13 employees, unchanged on the prior year, which were paid a total of 7.7 million pounds, down from 7.9 million.

Deals during the reporting period included advising insurer RSA on its 7.2 billion pound takeover by Canada's Intact and Denmark's Tryg.

More recent roles include advising HSBC in its defence against a break-up push by its biggest investor Chinese insurer Ping An and advising Vodafone on the planned 6 billion pound sale of part of its stake in Vantage Towers.

Robey Warshaw also represented an investment group led by American businessman Todd Boehly on the 4.25 billion pound takeover of Chelsea Football Club in May, with Chelsea fan Osborne playing a key role in winning the mandate, according to a source familiar with the matter. ($1 = 0.8218 pounds) (Reporting by Iain Withers, Additional reporting by Lawrence White and Pamela Barbaglia, Editing by Louise Heavens)

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Investors flock to Aramco share sale that could raise $13 bln

DUBAI, June 2 (Reuters) - Saudi Arabia's sale of shares in oil giant Aramco drew more demand than the stock on offer within hours of kicking off on Sunday, a deal that could raise up to $13.1 billion in a major test of international appetite for the kingdom's assets.

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Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale

DUBAI, May 31 (Reuters) - Saudi Arabia and its bankers on Sunday will start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco, in a major test of international investor interest in its market.

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Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale

DUBAI, May 31 (Reuters) - Saudi Arabia and its bankers will on Sunday morning start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco, in a major test of international investor interest in its market.

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Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion

DUBAI, May 30 (Reuters) - Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal to help fund Crown Prince Mohammed bin Salman's plan to diversify the economy.

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29 May 2024 13:14

HSBC completes sale of Russian unit to Expobank

MOSCOW, May 29 (Reuters) - HSBC has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty.

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23 May 2024 12:53

HSBC fined £6.3m over treatment of customers in financial difficulty

(Sharecast News) - HSBC has been fined nearly £6.3m by the Financial Conduct Authority over its treatment of customers in financial difficulty.

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23 May 2024 11:20

HSBC fined in UK over treatment of customers in financial difficulty

(Alliance News) - HSBC Holdings PLC has been fined about GBP6.3 million for failures over the treatment of customers who were in arrears or experiencing financial difficulty.

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21 May 2024 16:41

Singapore sells 30-year green bond, raising $1.9 billion

Yield set at 3.30%, coupon rate at 3.25%

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Begbies Traynor proclaims "strong performance" ahead of annual results

(Alliance News) - Begbies Traynor Group PLC on Tuesday said it expects to report increased revenue and earnings for its latest financial year.

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20 May 2024 16:11

IN BRIEF: HSBC issues EUR1.25 billion fixed to floating rate notes

HSBC Holdings PLC - London-based Asia-focused lender - Issues EUR1.25 billion 3.755% fixed to floating rate notes due 2029 under its debt issuance programme.

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SDI profit expected to slump 32% despite trading uptick in second half

(Alliance News) - SDI Group PLC on Monday said it remains in a good position to continue with its buy and build strategy despite a drop in overall performance.

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16 May 2024 20:05

PRESS: HSBC shareholder, Ping An, mulls options for stake — Bloomberg

(Alliance News) - Ping An Insurance Group Co is weighing options that would allow it to reduce its 8% stake in HSBC Holdings PLC, Bloomberg reported Thursday.

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14 May 2024 16:11

Kazakhstan opens thorny debate on 2025 OPEC+ oil quotas

LONDON, May 14 (Reuters) - Kazakhstan opened on Tuesday a thorny debate on OPEC+ production levels, saying it believed it should be allowed to pump more oil in 2025, when all current output cuts by the producer group are due to expire.

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UK ministers, companies visit Saudi Arabia to boost trade ties

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