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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: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
HSBA Live PriceLast checked at -

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Sector movers: Tensions in HK weigh on financials

Mon, 06th Oct 2014 14:09

Financial stocks were the Achilles Heel of the market on the first day of the week following reports that the authorities in Hong Kong had used "brutal force", including tear-gas and pepper spray, to quell pro-democracy protesters in the ex-British colony.The protestors had gathered in Hong Kong to rally against changes to the political system that allow direct elections, but only from a pool of candidates approved by Beijing.In an ironic tone Jasper Lawler from CMC commented to clients that "Protestors in Hong Kong are clearly aiming for the kind of representative elections that can be found in the UK, which offers a choice between two Eton graduates."Nonetheless, longer-term investors are worried about the prospect for heightened geopolitical tensions globally as the international system transitions to more of a multi-polar world, to which one might perhaps add the unfavourable backdrop of a slowing Chinese economy.Hence, Standard Chartered and HSBC Holdings led the downside amid those tense protests in Hong Kong.Emerging markets focused asset manager Aberdeen was also in the red after Canaccord Genuity reiterated its 'hold' on stock and cut its target price from 460p to 430p. The analysts took their decision despite the 3% rise in assets under management (AuM) seen over the two months ending on 31 August.The Canadian broker highlighted the fact that markets had remained volatile in September despite the recent stabilisation in flows, with the MSCI emerging markets index down 7% in September.Retailers continued to be a sore sport for the market, with shares of WM Morrison leading the supermarkets lower after their rival and discount retailer Aldi delivered an impressive set of 2013 results.It came as the Financial Conduct Authority revealed a former executive at Morrison has been charged with insider dealing related to trading in Ocado shares between February and May 2013.A former executive at WM Morrison has been charged with insider dealing, the Financial Conduct Authority (FCA) revealed on Monday.The UK watchdog has charged Paul Gerard Coyle, former treasurer and head of tax at the supermarket, with two offences of insider dealing.
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HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says

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Spain's Berge drops plans to list its Astara unit this year

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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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2 Apr 2024 08:05

LONDON BRIEFING: HSBC in special payout on Canada sale; Astra FDA win

(Alliance News) - London's FTSE 100 traded higher on Tuesday following the long weekend, as investors react to US data, and look ahead to manufacturing sector readings from Europe later.

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28 Mar 2024 09:55

UBS makes Ermotti Europe's best-paid bank boss with $16 mln package

Ermotti earned $15.9 mln in 2023

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27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

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LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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27 Mar 2024 08:54

Britain's Vanquis bank 'resets' business after 2023 loss

LONDON, March 27 (Reuters) - Vanquis Banking Group on Wednesday said it was resetting its business, highlighting the challenges faced by Britain's smaller banks, after reporting a 4.4 million-pound ($5.55 million) loss before tax for 2023.

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