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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
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Share Price: 663.60
Bid: 663.70
Ask: 663.80
Change: 1.70 (0.26%)
Spread: 0.10 (0.015%)
Open: 663.10
High: 665.80
Low: 661.10
Prev. Close: 661.90
HSBA Live PriceLast checked at -

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Sunday share tips: Diageo, Clipper Logistics, HSBC

Sun, 03rd Aug 2014 18:02

Stay on the sidelines until Diageo chief executive Ivan Menezes has got a grip on his sprawling drinks empire, Danny Fortson advised in the Sunday Times. In his Inside the City column, Fortson said Menezes had inherited a business that was hard to control when he took over last July. The strong pound, a clampdown on excess by Chinese officials and a botched execution of strategy contributed to disappointing results last week. It is not a crisis. Menezes has cut costs, a new single grain Scotch for the Chinese market could meet local tastes, and destocking by customers will have to stop sometime. Clipper Logistics has done well over the last 20 years but the best could be to come, the Mail on Sunday's's Midas column said. Clipper, which floated on the stock market in May, helps retailers store and sell their goods and operates many of their on-line systems. Customers include John Lewis, Tesco and Superdry. It wants to grow by offering more services to its customers, taking on new ones and expanding overseas. It generates lots of cash and its intended dividend will yield about 4%. Buy the shares, Midas advised.Predicting HSBC's performance is a crapshoot, Danny Fortson argued in his Inside the City column. Interim results posted on 4 August will show profit down, though analysts vary widely in their predictions, the Sunday Times writer said. Like other banks, HSBC has been hit by the slowdown in fixed income trading caused by low interest rates. New mortgage rules in the UK will also have dented performance slightly. HSBC is "unwieldy" and the breadth of its operations makes predictions hard to make.SF
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9 Apr 2024 15:12

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

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9 Apr 2024 08:52

TOP NEWS: HSBC to take USD1 billion loss on sale of Argentina business

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9 Apr 2024 08:44

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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

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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

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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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3 Apr 2024 13:19

Morgan Stanley commits to Canary Wharf home until at least 2038

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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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