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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 697.50
Bid: 668.00
Ask: 707.00
Change: 0.00 (0.00%)
Spread: 39.00 (5.838%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 697.50
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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24 Nov 2023 11:01

HSBC apologises after online banking outage

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23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

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22 Nov 2023 15:12

London close: Stocks mixed as investors digest Autumn Statement

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22 Nov 2023 09:48

LONDON BROKER RATINGS: RBC cuts HSBC; Liberum cuts Glencore

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22 Nov 2023 07:50

RBC Capital downgrades HSBC, says shares looking 'more fair value'

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22 Nov 2023 07:47

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21 Nov 2023 06:24

Banks accused of 'lack of transparency' over green finance activities

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14 Nov 2023 13:44

Halifax, First Direct, HSBC UK among lenders cutting UK mortgage rates

(Alliance News) - Major lenders have announced new mortgage rate cuts in the UK, widening the choice for borrowers searching for deals under the 5% mark.

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13 Nov 2023 12:27

Chinese credit growth ticks higher in October but rate of money supply increase slows

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13 Nov 2023 12:27

Chinese credit growth ticks higher in October but rate of money supply increase slows

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13 Nov 2023 10:53

IN BRIEF: LXi REIT gets new extension for GBP60 million HSBC loan

LXi REIT PLC - FTSE 250 London-based commercial real estate investment trust - Agrees extension to existing GBP60 million loan facility with HSBC, part of HSBC Holdings PLC from December 2024 to December 2026, extending weighted average term from 5.1 years to 5.2 years. The HSBC facility was LXi's earliest maturing debt and was originally extended to December 2024 in early March. It retains its existing 2.05% per year above the sterling overnight indexed average, or Sonia, benchmark and has a 2.50% interest rate cap until December next year. LXi expects to hedge the facility's cost during the additional term to expiry in due course.

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9 Nov 2023 15:02

London close: Stocks gain as investors await Powell speech

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7 Nov 2023 10:19

China's exports slide as imports unexpectedly jump

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2 Nov 2023 16:02

UK dividends calendar - next 7 days

Friday 3 November 
Alumasc Group PLCdividend payment date
Andrews Sykes Group PLCdividend payment date
AVI Japan Opportunity Trust PLCdividend payment date
Barratt Developments PLCdividend payment date
British American Tobacco PLCdividend payment date
Brooks Macdonald Group PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
Fintel PLCdividend payment date
Games Workshop Group PLCdividend payment date
HSS Hire Group PLCdividend payment date
Johnson Service Group PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Judges Scientific PLCdividend payment date
MP Evans Group PLCdividend payment date
M&G PLCdividend payment date
Mattioli Woods PLCdividend payment date
Mortgage Advice Bureau Holdings PLCdividend payment date
Persimmon PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
TP ICAP Group PLCdividend payment date
Twentyfour Income Fund Ltddividend payment date
Weir Group PLCdividend payment date
Wickes Group PLCdividend payment date
WPP PLCdividend payment date
Monday 6 November 
no events scheduled 
Tuesday 7 November 
no events scheduled 
Wednesday 8 November 
abrdn New Dawn Investment Trust PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
Thursday 9 November 
abrdn Smaller Companies Income Trust PLCspecial ex-dividend payment date
Airtel Africa PLCex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
Burford Capital Ltdex-dividend payment date
C&C Group PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
Galliford Try Holdings PLCex-dividend payment date
Genus PLCex-dividend payment date
Greencoat Renewables PLCex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCex-dividend payment date
J Sainsbury PLCex-dividend payment date
NCC Group PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Schroder BSC Social Impact Trust PLCex-dividend payment date
Softcat PLCex-dividend payment date
SThree PLCex-dividend payment date
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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1 Nov 2023 14:03

IN BRIEF: Vanquis confirms David Watts, once of HSBC, as CFO

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