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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: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.00 (0.00%)
Spread: 0.10 (0.014%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 705.50
HSBA Live PriceLast checked at -

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Sector movers: Barclays and StanChart give banks a boost

Thu, 08th May 2014 15:36

Well-received first-quarter updates from the likes of Barclays and Standard Chartered gave UK banking stocks a boost on Thursday.Barclays led London's blue chips higher in afternoon trade, up 8.6%, after it pleased the City with plans to slash 14,000 jobs in 2014 across the group as it aimed to become a "leaner, stronger" bank. In what it described as a "bold simplification" of the group, Barclays said it planned to cut 7,000 jobs from its Investment Bank by 2016, as it lowered its cost guidance for next year.The group also said it would create 'Barclays Non-Core', which consists of $115bn of risk-weighted assets that will be exited or run down over time."Barclays is already a low-risk, profitable bank, but today's 'reset' is about rightsizing the bank to reflect a smaller addressable IB revenue pool and to deliver improved/sustainable returns," said Analyst Ian Gordon from Investec.Meanwhile, StanChart was up 2% despite a decline in profits that was below some analysts' expectations, as investors seemed cheered by the emerging market-focused bank's first-quarter update. On a constant currency basis, operating profits declined by a "mid single-digit percentage" and the outlook was for difficult conditions to persist. While earnings performance in the short term is still likely to be mixed, broker Killik stated the emerging market bank looked "close to resuming its growth potential". Sector peers Lloyds and RBS were also trading higher today.However, HSBC fell after UBS lowered its target price for the stock from 665p to 630p and kept a 'neutral' rating following the bank's first-quarter results yesterday, saying that it is still waiting on revenue momentum to resume.Top performing sectors so far todayForestry & Paper 10,943.70 +2.42%Food & Drug Retailers 3,799.68 +2.26%Fixed Line Telecommunications 4,454.90 +2.23%Technology Hardware & Equipment 1,071.51 +2.14%Banks 4,495.55 +1.33%Bottom performing sectors so far todaySoftware & Computer Services 1,158.56 -3.30%Oil Equipment, Services & Distribution 25,010.35 -1.24%Electricity 9,795.95 -0.89%Gas, Water & Multiutilities 5,901.72 -0.59%Mobile Telecommunications 5,079.03 -0.17%BC
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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.

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

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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.

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1 Jan 2024 11:21

HSBC transfers retail bank in France to private equity firm Cerberus

(Alliance News) - After more than two years, HSBC Holdings PLC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus Capital Management LP.

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South Korea fines two global banks for short-selling rule breaches

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LONDON MARKET OPEN: Stocks snowed under; UK on brink of recession

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LONDON BRIEFING: UK on brink of recession as economy contracts in Q3

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