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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: 705.00
Bid: 705.80
Ask: 705.90
Change: 7.50 (1.08%)
Spread: 0.10 (0.014%)
Open: 705.40
High: 712.30
Low: 703.60
Prev. Close: 697.50
HSBA Live PriceLast checked at -

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Thursday tips round-up: TSB, Virgin,Marston's

Thu, 09th Oct 2014 07:21

The long list of challenger banks, both those who have recently floated as well as those which are waiting in the wings to do so, enjoy some important advantages over their big four rivals (HSBC, Barclays, Lloyds, RBS). Namely, they lack the legacy problems which are dogging their competitors and there is political support for competition in the sector.Alas, banking rewards scale, given the large investments in IT which are necessary and the growing regulatory costs. Lloyds has a cost-to-income ratio of 50% versus approximately 70% for Virgin and TSB. Furthermore, bank customers are sticky. Hence, the question arises of how quickly these new kids on the block can achieve sufficient scale and at what cost to their margins. On the other hand, it remains to be seen how fast misconduct issues and demands for more capital will tail off, the Financial Times points out.Shares of pub-operator Marston's have done little this year even though its re-structuring is approaching its end. The company has been ditching hundreds of drinks-led boozers, focusing instead on those establishments which sell food, its so-called Destination and Premium pubs. To take note of, the company has been building new pubs, rather than competing in auctions for existing stock. That is an important difference. The company can build new freehold sites at a cost of about six times earnings, versus paying an average of approximately 7.5 times earnings at those auctions.This time next year the re-structuring will be complete with half the firm's profits originating at those Destination and Premium pubs. The shares are on about 11 times' this year's earnings but the main support comes from the 5% dividend yield they sport. "Marston's has one of the most attractive estates in the pub sector and will benefit from restructuring while the dividend yield is a plus, so 'hold'," says The Times's Tempus.
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3 Apr 2024 16:07

London close: Stocks reverse losses to finish slightly higher

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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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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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27 Mar 2024 09:40

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

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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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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27 Mar 2024 07:44

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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25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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