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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 580.00
Bid: 620.00
Ask: 675.00
Change: -83.60 (-12.60%)
Spread: 55.00 (8.871%)
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Talent shortage drives pay up in UK financial services, tech sectors

Wed, 22nd Oct 2014 23:01

* Hiring back to pre-recessionary levels - survey

* Professional services wages up 2.6 pct yr-on-yr - survey

* Firms struggle to find skilled candidates

LONDON, Oct 23 (Reuters) - A talent shortage in Britain'sfinancial services and technology sectors has pushed salaries inthe industry up by 2.6 percent in the last year, ahead ofinflation and outpacing sluggish UK wage growth, research showedon Thursday.

Hiring across finance and accounting, financial services,information technology and administration has returned topre-recessionary levels, with demand for staff far exceedingsupply as businesses start to target growth as well asefficiency, according to the 2015 Robert Half Salary Guide.

In financial services, 97 percent of executives surveyedreported challenges in finding candidates with the right skills.

Phil Sheridan, senior managing director at specialistfinance and accounting recruitment firm Robert Half, said thebest candidates have received multiple offers and counteroffers.

"It is therefore crucial that the remuneration companiesoffer is competitive with other businesses in their industry andregion," Sheridan said.

Banks including HSBC have complained that a newEuropean Union cap on bonuses could add to difficulty inrecruiting staff.

Many banks introduced "role-based" allowances to counter thecap, but European regulators have said that they constitutevariable pay and may need to be restructured.

But Robert Half found that money is not the only thing onemployees' minds. Many are also looking for other benefits andperks, such as flexibility in their work-life balance.

A vast majority of executives also said that companies'attempts to overhaul their culture to focus more on riskmanagement was impeding growth plans. However, regulatory andrisk management-related roles were among those that saw thestrongest pay increases over the last 12 months.

Robert Half said its study also found that cyber securityhad jumped up companies' priority lists.

Financial services firms, especially banks, have beenbeefing up their cyber defences in recent years, spendinghundreds of millions of dollars a year in the process.

But recent news of one of the biggest data breaches incorporate history at JPMorgan has shown that thefinancial services sector remains vulnerable to online attacks.

Almost 40 percent of financial services organisations werehiring permanent staff to manage cyber security initiatives,Robert Half said.

(For the full 2015 Robert Half Salary Guide, click: http://www.roberthalf.co.uk/salary-centre?utm_source=press&utm_medium=press&utm_campaign=salary-guide)

(Reporting by Clare Hutchison, editing by David Evans)

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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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3 Apr 2024 13:19

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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