Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 683.00
Bid: 683.00
Ask: 683.20
Change: 6.20 (0.92%)
Spread: 0.20 (0.029%)
Open: 685.00
High: 687.80
Low: 679.50
Prev. Close: 676.80
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London stocks score monthly gains; HSBC climbs on upbeat profit

Tue, 30th Apr 2024 17:15

HSBC led gains on FTSE 100 on upbeat profit, $3 bln buyback

*

Hargreaves Lansdown climbs on seeing good momentum in April

*

Prudential slips on lacklustre China JV performance

*

FTSE 100 flat, FTSE 250 off 0.6%

April 30 (Reuters) - Britain's benchmark FTSE 100 ended subdued on Tuesday, as strength in financials following strong updates from HSBC and Hargreaves Lansdown was offset by a sell-off in metal mining stocks.

The blue-chip FTSE 100 had extended its record rally for the sixth straight session earlier in the day, hitting an all-time high of 8,199.95 points. However, the index ended the session flat.

The midcap FTSE 250 edged 0.6% lower to 19,965.39 points, after having breached the 20,000 mark in the previous session.

Both indexes marked their second consecutive monthly gain. Signs of inflation coming under control, a recovering economy, upbeat corporate results and reasonable prices is attracting more buyers to Britain.

"There's a fear of missing out as everything has been rising for so long, and even at the beginning of April, when we did see a pullback, FTSE held better than its European and U.S. counterparts," Daniela Hathorn, senior Market analyst at Capital.com, said.

The banks index added 2.3% as the top performing sector, led by a 4.1% jump in HSBC Holdings shares after the Asia-focused bank announced a better-than-expected pretax profit, $3 billion worth of share buybacks and its CEO Noel Quinn's retirement.

Hargreaves Lansdown jumped 3.6%, after the investment platform saw good momentum in April as clients invested at the start of the tax year to claim more benefits.

Whitbread rose 3.9% as the Premier Inn owner announced a 26% increase in its dividend, a share buy-back programme worth 150 million pounds ($187 million), and plans to close 238 underperforming restaurants, resulting in 1,500 job cuts in Britain.

Limiting gains in the blue-chip index, insurer Prudential fell 5.4% after its annual premium equivalent sales for CITIC Prudential Life, its Chinese Mainland joint venture, slumped 17% in the first quarter.

Meanwhile, precious metal miners led sectoral declines with a 3.4% fall, while industrial metal miners lost 1.4%, pressured by firmer dollar that makes metals expensive for overseas buyers.

Global investors now await the U.S. Federal Reserve's policy decision on Wednesday. ($1 = 0.7993 pounds) (Reporting by Pranav Kashyap, Khushi Singh and Sruthi Shankar in Bengaluru; Editing by Varun H K, Sherry Jacob-Phillips and Alison Williams)

More News
15 Jan 2024 17:06

UK's FTSE 100 slips as luxury, bank stocks weigh

FTSE 100 down 0.4%, FTSE 250 flat

*

Read more
15 Jan 2024 17:00

European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

*

Read more
15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

Read more
15 Jan 2024 12:04

LONDON MARKET MIDDAY: Stocks head lower in quiet trade amid US holiday

(Alliance News) - Stock prices in London were lower at midday Monday, with trading likely to remain subdued due to a public holiday in the US.

Read more
15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
11 Jan 2024 22:04

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

Read more
11 Jan 2024 20:28

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

Read more
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

Read more
11 Jan 2024 10:59

UK plans new system to tackle small bank failures after SVB collapse

LONDON, Jan 11 (Reuters) - Britain's finance ministry plans to introduce new procedures to manage the failure of small banks more effectively, it said on Thursday, following last year's high-profile collapse of U.S.-based Silicon Valley Bank (SVB).

Read more
11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

Read more
8 Jan 2024 09:49

Saudi Arabia plans benchmark-sized three-tranche bond

DUBAI, Jan 8 (Reuters) - Saudi Arabia plans to tap global debt markets on Monday with the sale of a triple-tranche bond with tenors of six, 10 and 30 years, IFR, a capital markets publication, reported.

Read more
8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
8 Jan 2024 07:16

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

Read more
8 Jan 2024 07:14

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

Read more
1 Jan 2024 16:17

HSBC completes sale of retail banking business in France

Jan 1 (Reuters) - HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement on Monday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.