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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
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Share Price: 646.20
Bid: 646.30
Ask: 646.50
Change: 1.60 (0.25%)
Spread: 0.20 (0.031%)
Open: 635.50
High: 647.60
Low: 633.80
Prev. Close: 644.60
HSBA Live PriceLast checked at -

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London midday: Markets fall on low volumes, Japan data

Mon, 12th Aug 2013 11:52

In spite of a decent start, the FTSE 100 had swung into the red by Monday lunchtime, with analysts citing low volumes and weaker-than-expected economic data from Japan.Asian markets were mixed overnight with Chinese benchmarks performing well on an improved outlook in China, while Tokyo's Nikkei was hit by poor growth figures from Japan where annualised growth came in at 2.6% in the second quarter. This was a significant slowdown from the 3.8% growth seen in the first quarter and well below the 3.6% expansion expected.The data comes as the Japanese government tackles its debt which has risen past 1,000trn yen. In an effort to curb debt, Japan is raising its sales tax rate over the next two years, but this morning's report will likely provide an argument for those seeking to delay the scheduled hikes. Matt Basi, Head of UK Sales Trading at CMC Markets, said that the Japanese figures, "combined with the generally apathetic mood", were weighing on markets across Europe this morning. "Volume across all of the major bourses has all but dried up as we hit the height of the holiday season, and with no significant macro releases scheduled until later in the week, we are likely in for a quiet session," he said.Traders were also reacting to speculation about further stimulus measures from China, including reports of Beijing offering support to certain cities and provinces to buoy growth in local economies. Sentiment surrounding China brightened last week as better-than-expected trade figures, strong industrial production data and subdued inflation pointed to a stabilisation in the world's second-largest economy.FTSE 100: Financials RBS and Prudential in demandRBS was making gains after comments from Business Secretary Vince Cable who said that the sell-off of the government's 81% stake was unlikely for another five years. Part-nationalised peer Lloyds was also higher.Insurer Prudential was also on the up after releasing its first-half results which came out mid-morning. Headline IFRS operating profit came in at £1,415m, up 22% year-on-year and 6.0% ahead of consensus estimates.Precious metals group Fresnillo was also higher this morning, tracking gold and silver prices higher.Tesco and Next were out of favour today after the Labour Party raised concerns over how the companies utilise cheap labour from migrant workers.Outsourcing giant Capita was in the red after Citigroup downgraded its rating on the stock from 'buy' to 'neutral', saying it no longer sees significant re-rating potential after a strong performance since the start of the year.FTSE 250: SVG Capital surges after jump in H1 NAVSVG Capital, the private equity investor, was a high riser today on the FTSE 250 after seeing net asset value jump by 23% in its first half, substantially outperforming its benchmarks, as profits more than doubled.  High Street bookie Ladbrokes was being weighed down by a ratings cut from JPMorgan Cazenove to 'underweight', with the broker highlighting weakness in UK Retail and risks to short-term consensus estimates. While the stock (at 12.2 times 2014 earnings) is trading at a discount to the wider gaming sector (15x), JPMorgan said this "does not fully reflect the risks associated with LAD's turnaround".Facilities, property and energy management firm MITIE Group also fell despite saying it is well placed to achieve "good levels" of organic growth this financial year. In a trading update for the period from April 1st to date, the firm reported a positive start to the year, driven by strong performance in the facilities management division. FTSE 100 - RisersFresnillo (FRES) 1,074.00p +3.77%Prudential (PRU) 1,213.00p +2.45%Resolution Ltd. (RSL) 328.70p +1.36%Royal Bank of Scotland Group (RBS) 329.70p +1.26%G4S (GFS) 237.90p +1.02%Standard Chartered (STAN) 1,599.00p +0.76%HSBC Holdings (HSBA) 715.20p +0.76%Vedanta Resources (VED) 1,251.00p +0.72%AstraZeneca (AZN) 3,257.50p +0.70%GlaxoSmithKline (GSK) 1,672.50p +0.57%FTSE 100 - FallersRolls-Royce Holdings (RR.) 1,156.00p -2.36%International Consolidated Airlines Group SA (CDI) (IAG) 316.10p -2.29%Diageo (DGE) 2,075.50p -1.77%easyJet (EZJ) 1,353.00p -1.74%Croda International (CRDA) 2,494.00p -1.69%Travis Perkins (TPK) 1,642.00p -1.56%Amec (AMEC) 1,073.00p -1.56%London Stock Exchange Group (LSE) 1,589.00p -1.55%Aberdeen Asset Management (ADN) 382.00p -1.52%Rexam (REX) 506.50p -1.36%FTSE 250 - RisersEvraz (EVR) 112.90p +8.04%Centamin (DI) (CEY) 37.05p +6.62%SVG Capital (SVI) 411.50p +5.49%African Barrick Gold (ABG) 135.00p +4.98%Electrocomponents (ECM) 272.70p +3.61%Catlin Group Ltd. (CGL) 502.50p +2.55%Mitchells & Butlers (MAB) 428.90p +2.07%Fidelity China Special Situations (FCSS) 95.60p +2.03%Polymetal International (POLY) 730.50p +1.95%Interserve (IRV) 544.00p +1.87%FTSE 250 - FallersHochschild Mining (HOC) 221.80p -7.27%Man Group (EMG) 88.90p -3.84%Ladbrokes (LAD) 193.10p -3.01%Mitie Group (MTO) 267.70p -2.97%Dialight (DIA) 1,217.00p -2.64%Enterprise Inns (ETI) 145.20p -2.42%Henderson Group (HGG) 171.60p -2.39%Capital & Counties Properties (CAPC) 343.20p -1.97%Perform Group (PER) 533.00p -1.84%Home Retail Group (HOME) 152.70p -1.74%BC
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19 Apr 2024 09:18

Venture Life renews revolving credit facility with Santander and HSBC

(Alliance News) - Venture Life Group PLC on Friday said it had renewed its revolving credit facility with Santander UK PLC and HSBC Innovation Bank Ltd.

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18 Apr 2024 14:12

UK dividends calendar - next 7 days

Friday 19 April 
Chelverton UK Dividend Trust PLCdividend payment date
Empiric Student Property PLCdividend payment date
FW Thorpe PLCdividend payment date
Heavitree Brewery PLCdividend payment date
Heavitree Brewery PLC A dividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Palace Capital PLCdividend payment date
STS Global Income & Growth Trust PLCdividend payment date
Monday 22 April 
no events scheduled 
Tuesday 23 April 
Crest Nicholson Holdings PLCdividend payment date
Invesco Asia Trust PLCdividend payment date
Pantheon Infrastructure PLCdividend payment date
Pembroke VCT PLC Bdividend payment date
Pinewood Technologies Group PLCex-dividend payment date
Wednesday 24 April 
Conduit Holdings Ltddividend payment date
Thursday 25 April 
abrdn Asian Income Fund Ltdex-dividend payment date
AVI Japan Opportunity Trust PLCex-dividend payment date
Bakkavor Group PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bodycote PLCex-dividend payment date
Cairn Homes PLCex-dividend payment date
Central Asia Metals PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
ConvaTec Group PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Eurocell PLCex-dividend payment date
Foresight Solar Fund Ltdex-dividend payment date
Greggs PLCex-dividend payment date
Hansard Global PLCdividend payment date
Harworth Group PLCex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
HSBC Holdings PLCdividend payment date
Invesco Select Trust PLC Global Equity Income ex-dividend payment date
Invesco Select Trust PLC UK Equity ex-dividend payment date
JPMorgan Claverhouse IT PLCex-dividend payment date
Legal & General Group PLCex-dividend payment date
ME Group International PLCex-dividend payment date
Morgan Advanced Materials PLCex-dividend payment date
Morgan Sindall Group PLCex-dividend payment date
Mortgage Advice Bureau Holdings PLCex-dividend payment date
MP Evans Group PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
Portmeirion Group PLCex-dividend payment date
Public Policy Holding Cos Incex-dividend payment date
Rightmove PLCex-dividend payment date
Sabre Insurance Group PLCex-dividend payment date
Schroder Oriental Income Fund Ltdex-dividend payment date
Secure Trust Bank PLCex-dividend payment date
Seed Innovations Ltdex-dividend payment date
Seplat Energy PLCex-dividend payment date
Shaftesbury Capital PLCex-dividend payment date
Spirax-Sarco Engineering PLCex-dividend payment date
St James's Place PLCex-dividend payment date
Stelrad Group PLCex-dividend payment date
Team Internet Group PLCex-dividend payment date
Tufton Oceanic Assets Ltdex-dividend payment date
Tyman PLCex-dividend payment date
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17 Apr 2024 16:42

Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown

HONG KONG, April 17 (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker dealmaking and sluggish markets in China and Hong Kong weighing on business prospects.

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17 Apr 2024 11:49

Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs on deal slowdown

HONG KONG, April 17 (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge of the matter said, as weaker deal activities and sluggish markets in China and Hong Kong weigh on their business prospects.

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16 Apr 2024 17:09

Europe's STOXX 600 slides in broader market decline on geopolitical jitters

ECB policymakers stick with June rate cut plan

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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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