The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

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: 669.30
Bid: 669.40
Ask: 669.50
Change: 5.70 (0.86%)
Spread: 0.10 (0.015%)
Open: 666.40
High: 670.80
Low: 666.40
Prev. Close: 663.60
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: HSBC dampens sentiment as investors wait on Greek news

Mon, 23rd Feb 2015 16:30

A plunge in the share price of HSBC, falling commodity stocks and a lack of news regarding Greece ensured that UK equity markets remained in the red on Monday, with investors cautious with shares near all-time highs.HSBC dropped nearly 5% after the global lender missed forecasts with a sharp drop in profits for 2014, while stocks in the mining and oil sectors were tracking commodity prices lower.The FTSE 100 finished 0.04% lower at 6,912.16, pulling back swiftly after reaching a high of 6,943.61 following the HSBC results announcement shortly after the open. The index briefly surpassed its all-time closing high of 6,930.20 reached in December 1999, but failed to exceed the intraday record of 6,950.60."It was yet another sleepy Monday for the markets, as a slow news day left investors struggling to find a reason to buy," said analyst Connor Campbell from Spreadex."The FTSE spent its day largely being crippled by the triple threat of falling oil stocks, a struggling mining sector and the HSBC dilemma."Investors spent most of the day waiting on an announcement from Athens. Greece was expected to submit details on its reform and budgetary measures it plans to take as part of its four-month bailout extension agreed on Friday with Eurogroup leaders."We expect it to be approved but probably not until after market close in Europe. If the programme is not approved, there will be an extraordinary Eurogroup finance minister meeting tomorrow," said analysts at Danske Bank.HSBC and commodity stocks weigh on marketsHSBC reported a 17% drop in pre-tax annual profit to $18.68bn for 2014, compared with the $21.5bn consensus forecast, after being hit by fines for its involvement in the foreign exchange-rigging scandal.Chairman Douglas Flint said recent revelations about its Swiss arm offering tax evasion advice have brought "shame" on the bank. Meanwhile, chief executive Stuart Gulliver was forced to fend off accusations by The Guardian that he himself had sheltered millions of pounds of his own money in a Swiss account.Other banking stocks were mixed, with emerging markets-focused peer Standard Chartered falling sharply, but RBS, Barclays and Lloyds edging higher. Lloyds advanced after the UK government reduced its stake in the lender to below 24% with the sale of £500m worth of shares.Miners such as Anglo American, Rio Tinto, Antofagasta, Fresnillo, BHP Billiton and Randgold Resources were registering heavy losses by the close. Chilean copper miner Antofagasta fell despite trimming its cash cost guidance for 2015, while Rio Tinto was dampened by a downgrade to 'neutral' by UBS.Primark owner and food ingredients group Associated British Foods rose after saying that underlying trading in the first half has been in line with expectations. While profits for the full year are forecast to fall, first-half adjusted earnings should be flat, it said.Distribution group Bunzl impressed with its its full-year results, revealing a 3% increase in pre-tax profit and a 10% hike in the dividend. Market MoverstechMARK 3,157.86 +0.65%FTSE 100 6,912.16 -0.04%FTSE 250 17,167.98 +0.27%FTSE 100 - RisersG4S (GFS) 293.20p +3.28%easyJet (EZJ) 1,798.00p +2.63%Shire Plc (SHP) 5,190.00p +2.47%Admiral Group (ADM) 1,496.00p +2.26%International Consolidated Airlines Group SA (CDI) (IAG) 562.00p +2.00%British American Tobacco (BATS) 3,727.50p +1.96%London Stock Exchange Group (LSE) 2,506.00p +1.83%Schroders (SDR) 3,074.00p +1.75%SABMiller (SAB) 3,660.00p +1.68%3i Group (III) 490.00p +1.62%FTSE 100 - FallersStandard Chartered (STAN) 928.10p -4.66%HSBC Holdings (HSBA) 577.20p -4.63%Anglo American (AAL) 1,198.00p -3.89%Tullow Oil (TLW) 392.10p -3.73%Intertek Group (ITRK) 2,461.00p -3.38%Fresnillo (FRES) 802.50p -2.96%Antofagasta (ANTO) 732.50p -2.79%Rio Tinto (RIO) 3,150.50p -2.69%BHP Billiton (BLT) 1,547.00p -2.15%Randgold Resources Ltd. (RRS) 4,921.00p -1.87%FTSE 250 - RisersSmith (DS) (SMDS) 360.30p +3.77%UDG Healthcare Public Limited Company (UDG) 455.60p +3.24%Bank of Georgia Holdings (BGEO) 1,960.00p +3.16%Pace (PIC) 335.50p +2.91%Dechra Pharmaceuticals (DPH) 935.00p +2.86%Essentra (ESNT) 990.00p +2.80%Marston's (MARS) 153.40p +2.75%Barr (A.G.) (BAG) 684.00p +2.70%Galliford Try (GFRD) 1,495.00p +2.68%Grainger (GRI) 211.50p +2.52%FTSE 250 - FallersPolymetal International (POLY) 562.50p -5.78%Acacia Mining (ACA) 268.00p -5.30%AL Noor Hospitals Group (ANH) 948.00p -5.20%Ophir Energy (OPHR) 135.90p -5.16%Ladbrokes (LAD) 115.70p -5.16%Premier Oil (PMO) 168.50p -4.96%Hunting (HTG) 466.50p -4.05%Vedanta Resources (VED) 574.00p -4.01%Petrofac Ltd. (PFC) 793.50p -3.41%Cairn Energy (CNE) 201.00p -3.18%
More News
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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

*

Read more
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.

Read more
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.

Read more
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.

Read more
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

*

Read more
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.

Read more
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.

Read more
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.

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.