HSBC Holdings Share News (HSBA)

London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors.As of 09:09 the Footsie was higher by 1.86 points to 6,791.90 points."The fact that we're seeing technical support levels [across Europe] being broken and indices trading at multi-month lows having already recorded more than 5% losses in the last couple of weeks doesn't bode well," Oanda senior market analyst Craig Erlam observed."While the sell-off may not be easing up right now, I do think that any significant progress in Greek talks this week could bring an end to the sell-off for now as a deal would remove an enormous amount of uncertainty. Numerous deadlines have been set for when a deal between Greece and its creditors needs to be done and the latest is the middle of this month giving Greece around a week to come to an agreement or prepare for default."Overnight, an article in The Wall Street Journal suggested Greece and its creditors are in discussions over an extension of the current bailout program until the end of March 2016.On the day's agenda are reports on Chinese inflation, UK trade and Eurozone gross domestic product (GDP).China's consumer price index rose 1.2% year-on-year in May, easing back from a 1.5% increase a month earlier. Analysts at Deutsche Bank believe that argues in favour of further stimulus measures from the country's central bank.The UK's trade deficit is forecast to narrow to £2,600m in April from £2,817m in May.The second estimate of first quarter Eurozone GDP is projected to show a 1% year-on-year gain and a 0.4% quarter-on-quarter rise, unchanged from the previous quarter's reading.The European Central Bank last week said it sees real gross domestic product rising 1.5% in 2015, before increasing 1.9% in 2016 and 2.0% in 2017.HSBC dividend now safer, Barclays ups Reed ElsevierIn company news, HSBC announced a round of job cuts and branch closures with the aim of saving between $4.5bn to $5bn in annual costs by 2017. In a statement issued to the Hong Kong Stock Exchange the lender said it would reduce its risk-weighted assets by about $290bn and still targeting a return on equity of more than 10% within two years. Globally between 22,000 and 25,000 jobs are set to go. In a research report Goldman Sachs said the lender's dividend was now safer following the reduction to the bank's target for RWA.Media group Reed Elsevier offers excellent value for growth given how its shares have seen no re-rating on a relative P/E-basis since the start of 2012, after underperforming by 7-8% year-to-date, said Barclays in a research note e-mailed to clients. The broker upgraded its recommendation on the stock to overweight from equal-weight, setting a 1225p target price.Kier Group has completed its acquisition of Mouchel, which is the leading provider of repair and maintenance services to the UK strategic road network. The FTSE 250 made the acquisition to accelerate its plans for growth in the infrastructure sector and will now be able to capitalise on the £17bn of investment in the strategic road network that is to be delivered through Highways England over the next five years.RPC Group posted a 33% rise in full-year adjusted pre-tax profit to £119m from £89.5m, as the business performed well and the company made progress in implementing its Vision 2020 growth strategy. Revenue was up 17% at £1.22m from £1.05m and the company recommended a final dividend of 11p, giving a total dividend for the year of 15.4p, marking a 12% increase from last year.Mobile takeaway food company Just Eat has completed the open offer and placing of shares, raising £445m. A total of 43.56m new shares were issued under an open offer, with a further 61.83m placed. The proceeds will be used to finance the company's proposed acquisition of Menulog Group, which is expected to complete this month.Market MoverstechMARK 3,213.39 -0.06%FTSE 100 6,784.30 -0.08%FTSE 250 17,889.69 +0.06%FTSE 100 - RisersReed Elsevier (REL) 1,083.00p +1.98%International Consolidated Airlines Group SA (CDI) (IAG) 527.00p +1.25%Barclays (BARC) 264.40p +0.92%Intu Properties (INTU) 317.90p +0.89%BT Group (BT.A) 442.30p +0.80%Lloyds Banking Group (LLOY) 87.08p +0.75%British Land Company (BLND) 823.00p +0.67%Travis Perkins (TPK) 2,166.00p +0.65%Randgold Resources Ltd. (RRS) 4,621.00p +0.63%Morrison (Wm) Supermarkets (MRW) 173.70p +0.52%FTSE 100 - FallersAnglo American (AAL) 983.40p -2.20%Rio Tinto (RIO) 2,760.00p -2.08%Admiral Group (ADM) 1,439.00p -1.10%Antofagasta (ANTO) 722.50p -1.03%Aviva (AV.) 507.00p -0.88%Barratt Developments (BDEV) 586.50p -0.76%Kingfisher (KGF) 377.00p -0.74%Taylor Wimpey (TW.) 183.00p -0.71%3i Group (III) 546.00p -0.64%Intertek Group (ITRK) 2,540.00p -0.55%FTSE 250 - RisersRenishaw (RSW) 2,518.00p +4.01%RPC Group (RPC) 642.00p +3.88%Vedanta Resources (VED) 562.50p +3.31%Infinis Energy (INFI) 195.30p +3.06%RPS Group (RPS) 237.20p +1.80%Rathbone Brothers (RAT) 2,248.00p +1.63%AL Noor Hospitals Group (ANH) 960.00p +1.53%Indivior (INDV) 240.50p +1.52%Interserve (IRV) 635.50p +1.36%AO World (AO.) 164.80p +1.29%FTSE 250 - FallersPets at Home Group (PETS) 271.60p -3.35%Evraz (EVR) 161.80p -2.35%Lonmin (LMI) 137.50p -1.79%Kaz Minerals (KAZ) 244.90p -1.53%Premier Oil (PMO) 163.00p -1.45%Zoopla Property Group (WI) (ZPLA) 254.30p -1.43%Just Eat (JE.) 418.50p -1.37%Computacenter (CCC) 715.00p -1.24%Wood Group (John) (WG.) 695.00p -1.07%Fidelity China Special Situations (FCSS) 170.10p -1.05%