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Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 644.60
Bid: 644.40
Ask: 644.70
Change: 8.50 (1.34%)
Spread: 0.30 (0.047%)
Open: 639.30
High: 645.60
Low: 637.60
Prev. Close: 636.10
HSBA Live PriceLast checked at -

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London midday: Retailers, miners drag FTSE 100 into the red

Tue, 08th Oct 2013 11:20

Markets were sharply lower on Tuesday with retailers and miners providing a drag as investors digested a barrage of gloomy economic data and the ongoing government shutdown in the States.The FTSE 100 dipped below the 6,400 mark in morning trade, a level seen as support for London's benchmark index in recent days. Indices across Europe were registering firm losses, while US stock futures were pointing to a flat start after the S&P 500 fell to a four-week low last night.Lawmakers in Washington have continued to butt heads over the budget and the debt ceiling, extending the partial shutdown of the US government into its second week. While Republicans continue to demand a delay to the Affordable Care Act, Democrats are determined not to give up ground over President Barack Obama's flagship health-care bill.The Treasury has already said that it will exhaust measures to avoid going over the borrowing limit by October 17th, while the Congressional Budget Office claims that cash reserves will run dry between October 22nd and October 31st. Even the Chinese government has launched its first message to America about its concerns over the budget impasse. In a meeting with reporters, Vice Minister of Finance Zhu Guangyao said that "the clock is ticking" in Washington. "The US is clearly aware of China's concerns about the financial stalemate and China's request for the US to ensure the safety of Chinese investments," he said."Up until now, international officials have refrained from voicing their concerns over the crisis. However, when one of the United States' top lenders announces their dissatisfaction over the current disaster then perhaps this should be more of an incentive for officials to reach a deal," said Financila Trader Shavaz Dhalla from Spreadex."Nevertheless, it seems Democrats are continuing to call Republicans' bluff over allowing the US to default by dismissing the possibility of a compromise regarding Obamacare. Only time will tell whether a failure to give ground now will prove detrimental for the world economy later."Data fails to impressAlso weighing on sentiment this morning was data which showed that activity growth in the Chinese services sector slowed in September. The HSBC/Markit services purchasing managers' index fell from 52.8 to 52.5 last month, adding to the downwards pressure on miners in London.Retailers, meanwhile, were hit by the news that UK retail sales growth slowed for the second straight month in September. According to the British Retail Consortium (BRC), like-for-like sales growth fell to an annual rise of 0.7% last month, from 1.8% the month before - analysts were looking for a pick-up to 2%.Looking across the Channel, German factory orders unexpectedly fell by 0.3% in August, an improvement from the revised 1.9% decline the month before but worse than the 1.1% increase forecast by analysts. The news comes amid uncertainty over which party Chancellor Angela Merkel's Christian Democrats will form a coalition with in order to end a hung parliament. Opposition party Social Democrats have signalled their readiness to join the conservative Christian Democrats while a top aide for Merkel has suggested a partnership with the Greens was a realistic possibility.FTSE 100: Retailers fall on sales dataBlue-chip retailers Marks & Spencer, Next and Kingfisher were among the worst performers of the morning after the retail sales data from the BRC. Cyclicals were in the red as risk appetite was scaled back on the back of concerns over the US and China. BHP Billiton, Rio Tinto and Glencore Xstrata were all out of favour, along with financials Standard Life, Lloyds and Prudential.HSBC was also lower after selling a portfolio of non-performing personal unsecured and secured loans to the Paragon Group of Companies for £13.5m.In turn, defensives such as utilities were in demand with National Grid and SSE making small gains. National Grid said today that while gas and electricity supplies will be tight this winter, they should be enough to meet the UK's needs through to spring.FTSE 250: Ferrexpo delivers record production resultFerrexpo, the Swiss head-quartered iron ore company, fell despite saying it has produced a record amount of 65% iron pellets from its own ore this year so far. Total pellet production was up 12.5% in the year-to-date, with production for September coming to 970.4kt.Retailers Dixons, Ted Baker, Home Retail and Debenhams were under the weather after the sales data out from the BRC.Materials group Victrex gained after saying sales volumes picked up in the second half of the year, following good progress across its industrial and transport markets.Civil engineer Atkins edged higher after winning a £75m deal to design three of the six lines of the new Riyadh Metro in Saudi Arabia. FTSE 100 - RisersITV (ITV) 183.90p +1.16%Sports Direct International (SPD) 680.50p +0.89%Bunzl (BNZL) 1,332.00p +0.76%Reed Elsevier (REL) 840.50p +0.66%Antofagasta (ANTO) 825.00p +0.55%British American Tobacco (BATS) 3,214.50p +0.45%National Grid (NG.) 743.50p +0.41%Experian (EXPN) 1,160.00p +0.35%Wolseley (WOS) 3,164.00p +0.35%Tate & Lyle (TATE) 743.00p +0.34%FTSE 100 - FallersMarks & Spencer Group (MKS) 469.70p -2.21%Lloyds Banking Group (LLOY) 72.86p -1.98%BHP Billiton (BLT) 1,767.00p -1.94%International Consolidated Airlines Group SA (CDI) (IAG) 330.80p -1.81%Standard Life (SL.) 345.40p -1.74%Petrofac Ltd. (PFC) 1,351.00p -1.60%Rio Tinto (RIO) 2,954.00p -1.53%Travis Perkins (TPK) 1,615.00p -1.52%Reckitt Benckiser Group (RB.) 4,306.00p -1.46%Next (NXT) 4,959.00p -1.41%FTSE 250 - RisersOcado Group (OCDO) 462.40p +7.86%Telecom Plus (TEP) 1,308.00p +5.48%Perform Group (PER) 555.00p +2.78%Kentz Corporation Ltd. (KENZ) 481.30p +1.75%Evraz (EVR) 127.50p +1.67%IP Group (IPO) 139.00p +1.53%Computacenter (CCC) 530.00p +1.44%Spirent Communications (SPT) 128.30p +1.42%Fisher (James) & Sons (FSJ) 1,088.00p +1.40%Cable & Wireless Communications (CWC) 40.89p +1.26%FTSE 250 - FallersRedrow (RDW) 226.40p -3.58%Dixons Retail (DXNS) 44.82p -3.57%Polymetal International (POLY) 594.00p -2.70%Home Retail Group (HOME) 167.10p -2.51%Thomas Cook Group (TCG) 145.50p -2.28%Ted Baker (TED) 1,755.00p -2.23%Afren (AFR) 135.70p -2.02%Imagination Technologies Group (IMG) 283.00p -1.91%Wetherspoon (J.D.) (JDW) 714.00p -1.86%Debenhams (DEB) 101.50p -1.84%BC
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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
Volta Finance Ltddividend payment date
Wickes Group 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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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.

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