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Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 686.50
Bid: 686.80
Ask: 687.00
Change: 3.50 (0.51%)
Spread: 0.20 (0.029%)
Open: 684.80
High: 689.70
Low: 680.30
Prev. Close: 683.00
HSBA Live PriceLast checked at -

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UPDATE 2-Banks, mining stocks lift UK shares as lockdown begins to ease

Mon, 08th Mar 2021 09:27

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)

* British schools reopen

* Senior rises despite annual loss

* Pearson among top gainers on new boss's growth plans

* FTSE 100 up 1.3%, FTSE 250 adds 1.2%
(Updates to close)

By Shivani Kumaresan and Amal S

March 8 (Reuters) - British stocks ended higher on Monday,
led by gains in banks and mining stocks as optimism around a
swifter economic recovery and the easing of a stringent lockdown
lifted spirits.

The blue-chip FTSE 100 index ended up 1.3%, with
bank stocks, HSBC Holdings, Lloyds Banking group
, and Barclays Plc, gaining between 3.6% and
4.3%.

Mining stocks including Rio Tinto, Glencore
and Anglo American also boosted the index on stronger
metal prices.

"The market is following the optimism from the first day of
lockdown easing, as well a bit of good news from the U.S.
stimulus ... the virus is under control, lockdown coming to an
end and Brexit pretty much done and dusted," said Michael Baker,
analyst at ETX Capital.

The domestically focused mid-cap FTSE 250 index rose
1.2%, with industrials and consumer discretionary stocks
supporting the index.

The FTSE 100 and the mid-cap index have recovered more than
36% and 70%, respectively, from a coronavirus-driven crash last
year on hopes of a swift economic recovery this year.

Last week, Britain's finance minister, Rishi Sunak,
announced support for businesses, while on Saturday, the U.S.
Senate passed a $1.9 trillion COVID-19 aid bill.

The reopening of England's schools to all pupils on Monday
marks one of the first steps towards scaling back virus-led
lockdowns in the country, as a vaccination campaign gains steam.

Meanwhile, Bank of England Governor Andrew Bailey painted a
cautiously optimistic picture of Britain's economy after the
COVID-19 pandemic and did not expect a big jump in inflation.

Among individual movers, Pearson was among the top
performers on the FTSE 100, as the education group's new boss
set out his plan for the company to grow beyond schools and
colleges.

Senior Plc rose 7.2%, even as the British aircraft
parts supplier swung to an annual loss, hit by COVID-19-related
disruptions to flight travel and Boeing's BA.N 737 MAX crisis.
(Reporting by Shivani Kumaresan and Amal S in Bengaluru
Editing by Rashmi Aich and Matthew Lewis)

More News
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.

Read more
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.

Read more
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

*

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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%

*

Read more

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