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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 691.40
Bid: 692.00
Ask: 692.10
Change: -1.40 (-0.20%)
Spread: 0.10 (0.014%)
Open: 696.20
High: 698.30
Low: 689.10
Prev. Close: 692.80
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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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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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

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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.

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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.

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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.

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2 Apr 2024 17:28

London stocks dip in global risk off mood; commodity-linked stocks jump

FTSE 100 down 0.2%, FTSE 250 adds 0.9%

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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

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2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

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2 Apr 2024 08:44

TOP NEWS: HSBC to pay special dividend after completing Canadian sale

(Alliance News) - HSBC Holdings PLC on Tuesday said it would pay shareholders a special dividend after completing the sale of its Canadian business.

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