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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: 690.00
Bid: 689.90
Ask: 690.00
Change: 4.50 (0.66%)
Spread: 0.10 (0.014%)
Open: 685.50
High: 690.10
Low: 684.70
Prev. Close: 685.50
HSBA Live PriceLast checked at -

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HSBC upgrades Capital & Regional to 'buy'

Fri, 09th Dec 2016 08:53

(ShareCast News) - HSBC has upgraded Capital & Regional, a British manager of shopping centres, to 'buy' from 'hold' but lowered its price target to 66p from 69p.The company's recent disposal of the Camberley shopping centre and refinancing has reduced the bank's equity valuation by £14.5m, equivalent to 2 percentage points, HSBC said. The sale, completed on 11 Nov 2016, for £86m was at a 3% discount to the June 2016 valuation of £88.5m.Capital & Regional stated that advanced discussions were underway to refinance its debt associated with the refinancing of The Mall debt facility, which at June 2016 had a weighted average debt cost of 3.47% comprising of £233.3m fixed rate debt with an interest rate of 1.86% plus margin; and a floating rate tranche based on three month LIBOR of £146.5m."Having incorporated this into our estimates and then further adjusted for the negative capital growth recorded in the CBRE secondary shopping centre index in the third quarter of 2016, we have reduced our full year 2016 net asset value per share (NAVPS) forecast from 73p to 68p. Our full year 2017 estimate falls marginally by 1pps, from our full year 2018 NAVPS estimate is unchanged."Despite the reduction in the company's estimated net asset value per share, the upside on offer to the target price and the higher dividend yield salvaged the broker's recommendation on the stock."We upgrade to Buy (from Hold) as the upside and a relatively high level of dividend yield and growth is an attractive combination."The share price rose 0.94% to 53.40p at 1044 GMT on Friday.
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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.

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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:

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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
  
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17 Oct 2023 09:21

LONDON BROKER RATINGS: SocGen cuts HSBC to sell; DB down on utilities

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

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9 Oct 2023 08:46

LONDON MARKET OPEN: Oil majors lifted by tensions in Middle East

(Alliance News) - Stock prices in London opened lower on Monday as investors were put in a risk-off mood at the start of a new week amid exploding tensions in the Middle East.

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9 Oct 2023 08:15

UPDATE: HSBC hails "milestone" as buys Citi consumer wealth in China

(Alliance News) - HSBC Holdings PLC on Monday declared the acquisition of Citigroup Inc's consumer wealth management portfolio in China to be a "milestone" on the road to building its wealth capabilities in Asia.

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