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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: 690.90
Bid: 691.50
Ask: 691.70
Change: -29.90 (-4.15%)
Spread: 0.20 (0.029%)
Open: 700.00
High: 701.10
Low: 690.90
Prev. Close: 720.80
HSBA Live PriceLast checked at -

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Rocked by Ukraine, British stocks have worst week since pandemic began

Fri, 04th Mar 2022 17:23

March 4 (Reuters) - Britain's blue-chip and mid-cap stock indexes recorded their worst week since March 2020 on Friday as concerns over the impact of Russia's invasion of Ukraine deepened.

The blue-chip FTSE 100 index ended the session 3.5% lower and was down 6.4% over the week, with precious metal miners, automakers and travel stocks were the main losing sub-indexes.

Russian forces in Ukraine seized Europe's biggest nuclear power plant on Friday in what the U.S. said was a reckless assault, although a blaze in a training building was put out and officials said the facility was now safe.

Banking shares including HSBC and Barclays and oil and gas giants Shell and BP were among the top drags on the FTSE 100 on Friday.

"People are nervous around the Ukraine headlines and nobody wants to own stocks. It's Friday and nobody knows what will happen over the weekend, which adds to the risk averseness," said Keith Temperton, a sales trader at Forte Securities.

The FTSE 100 has erased all gains made this year to trade 5.1% lower as soaring commodity prices after Russia's invasion of Ukraine have stoked global inflation and growth worries.

"It is becoming difficult to remain constructive on risk in the face of the current exceptional uncertainty," Andrea Cicione, head of strategy at TS Lombard, said.

British firms including Marks & Spencer, recruiter Hays, supermarket group Sainsbury's and the world's largest advertising firm WPP have suspended their Russian operations.

The domestically focussed mid-cap index fell 3.5% on Friday and is down 7% in its worst week since March 2020.

Among other stocks, Hammerson gained 1.1% after the mall operator reported a smaller annual loss and a drop in debt levels.

Mitie's shares sank 10.6% after Britain's antitrust regulator said it is investigating the outsourcing firm over potential breaches of competition law relating to the tender for contracts to run two immigration removal centres. (Reporting by Amal S in Bengaluru; Editing by Saikat Chatterjee, Aditya Soni and Alexander Smith)

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11 Apr 2024 10:06

Blackstone, CVC consider bids for Superstruct festivals firm, sources say

LONDON, April 11 (Reuters) - Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters.

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9 Apr 2024 22:39

Argentina's Banco Galicia bets on lower inflation, rates after HSBC deal

BUENOS AIRES, April 9 (Reuters) - Argentina's Banco Galicia, buying HSBC's local assets in a near $500 million deal, is betting that new libertarian President Javier Milei will bring down soaring inflation and ease rates to boost lending in the South American nation.

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9 Apr 2024 15:40

Financial firms tout energy business after West Virginia restrictions

NEW YORK, April 8 (Reuters) - West Virginia has added Citi, HSBC and two other financial firms to a list of institutions that may be barred from some state business due to their energy finance policies, prompting three of them to assert their commitment to that industry.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 15:12

HSBC's Argentina exit doesn't impact valuation, Shore Capital says 'buy'

(Sharecast News) - Shore Capital has said that HSBC's disposal of its Argentinian business should not have a material impact on its investment case despite it generating a $1bn hit to the business.

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9 Apr 2024 08:52

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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