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Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 676.80
Bid: 678.10
Ask: 678.30
Change: 3.60 (0.53%)
Spread: 0.20 (0.029%)
Open: 678.60
High: 679.40
Low: 670.30
Prev. Close: 673.20
HSBA Live PriceLast checked at -

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London midday: Weak global manufacturing data weighs on UK stocks

Mon, 01st Sep 2014 12:06

- Chinese, Eurozone and UK manufacturing PMIs fall- Markets looking ahead to BoE, ECB, US jobs data- Perform jumps on Access Industries offertechMARK 2,855.71 +0.16%FTSE 100 6,816.49 -0.05%FTSE 250 15,922.73 +0.23%Figures showing a manufacturing slowdown in China, the Eurozone and UK were weighing on stocks on Monday, as well as ongoing geopolitical tensions in Ukraine.Investors chose to adopt a cautious approach in the absence of a trading session in the States, with Wall Street closed for a public holiday. Meanwhile, risk appetite was also limited ahead of a busy week for financial markets worldwide. London's FTSE 100 was trading 0.1% lower at 6,816 by midday.A flurry of macroeconomic indicators are due out across the globe over the next few days, though markets will be mostly focusing on policy decisions from the Bank of England and European Central Bank on Thursday, followed by the all-important US non-farm payrolls report on Friday.As for Monday's session, two separate manufacturing reports from China showed that growth in the sector had eased more than forecast in August, compounding renewed fears of a slowdown after a recent spate of weak data from the Asian powerhouse.The government's official purchasing managers' index (PMI) for the manufacturing sector fell to 51.1 last month, while HSBC's own China manufacturing PMI was revised lower from 50.3 to 50.2. Both PMIs were down from 51.7 in July.Closer to home, the UK manufacturing PMI unexpectedly declined from 54.8 to 52.5 in August, while the second estimate of the Eurozone manufacturing PMI was revised lower to a 13-month low of 50.7 (initial estimate: 50.8) from 51.8 in July.In other news, tensions in Eastern Europe were ignited over the weekend by calls from Russian President Vladimir Putin for talks on "statehood" for south-east Ukraine. The comments come as Western leaders prepare to impose further sanctions on Moscow following further fighting near the border of Ukraine.Perform soars on Access Industries offerSports media firm Perform saw shares rocket after Access Industries Group offered to buy all the shares it doesn't already own for 260p each or £410m, valuing the entire company at £702m. The investment group already holds a 42.5% stake in Perform.M&A speculation was also driving the share price of broadcaster ITV higher on reports that Liberty Global could make a full bid.Barclays fell after saying that it would make a £500m loss from selling part of its Spanish business to Caixabank as part of its non-core asset disposal programme. Banking peers HSBC, Lloyds and RBS were also in the red.Housebuilder Berkeley Group inched lower after saying that it has seen a normalisation of transaction levels over recent months. Tesco came under further selling pressure following Friday's profit warning. The company was the centre of much negative newsflow over the weekend, including an article in the Financial Times' Lex column which argued that the company's shares are not yet a bargain despite the recent sell-off. Supermarket rivals Wm Morrison and J Sainsbury were also lower.Defence group BAE Systems was a high riser after Bank of America upgraded its rating on the stock to 'buy'.FTSE 100 - RisersBAE Systems (BA.) 457.40p +2.76%ITV (ITV) 215.90p +2.23%Marks & Spencer Group (MKS) 435.90p +1.40%Meggitt (MGGT) 477.30p +1.21%Burberry Group (BRBY) 1,437.00p +1.13%Kingfisher (KGF) 307.00p +1.09%Hammerson (HMSO) 613.50p +0.99%Randgold Resources Ltd. (RRS) 5,130.00p +0.89%Reed Elsevier (REL) 991.00p +0.87%Fresnillo (FRES) 969.50p +0.78%FTSE 100 - FallersMorrison (Wm) Supermarkets (MRW) 173.60p -2.20%Mondi (MNDI) 1,014.00p -1.84%Tesco (TSCO) 225.95p -1.74%Hargreaves Lansdown (HL.) 1,108.00p -1.25%Royal Bank of Scotland Group (RBS) 358.50p -1.19%Sainsbury (J) (SBRY) 286.90p -1.17%Coca-Cola HBC AG (CDI) (CCH) 1,398.00p -1.13%Shire Plc (SHP) 4,868.00p -1.12%HSBC Holdings (HSBA) 646.00p -0.92%TUI Travel (TT.) 369.20p -0.89%FTSE 250 - RisersPerform Group (PER) 257.30p +26.25%African Barrick Gold (ABG) 245.70p +5.18%RPS Group (RPS) 287.40p +3.34%Euromoney Institutional Investor (ERM) 1,118.00p +3.33%Redrow (RDW) 282.40p +3.03%Alent (ALNT) 361.00p +2.85%Dixons Carphone (DC.) 353.70p +2.64%De La Rue (DLAR) 729.50p +2.60%Cairn Energy (CNE) 184.10p +2.51%Hochschild Mining (HOC) 165.10p +2.29%FTSE 250 - FallersAfren (AFR) 93.00p -4.62%Supergroup (SGP) 1,060.00p -2.84%Exova Group (EXO) 188.50p -2.33%Fidessa Group (FDSA) 2,241.00p -2.05%Telecom Plus (TEP) 1,431.00p -1.78%Infinis Energy (INFI) 212.10p -1.71%Spirax-Sarco Engineering (SPX) 2,911.00p -1.66%Foxtons Group (FOXT) 250.10p -1.65%Ocado Group (OCDO) 323.10p -1.58%AO World (AO.) 216.60p -1.55%BC
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