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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: 701.70
Bid: 701.30
Ask: 701.50
Change: -4.70 (-0.67%)
Spread: 0.20 (0.029%)
Open: 709.00
High: 710.50
Low: 701.10
Prev. Close: 706.40
HSBA Live PriceLast checked at -

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UPDATE 2-FTSE 100 heads for best weekly performance in 9 months

Thu, 24th Oct 2019 09:33

* FTSE 100 up 0.9%, FTSE 250 down 0.1%
* AstraZeneca biggest boost to main index
* RBS slides after reporting Q3 loss
* EU decision on Brexit extension awaited

(Adds company news, updates share moves)
By Muvija M and Shashwat Awasthi
Oct 24 (Reuters) - London's exporter-heavy FTSE 100 jumped
along with its European counterparts on strong French
manufacturing data, while a sharp rise for AstraZeneca after a
2019 forecast upgrade and a slide in sterling amid Brexit woes
also lent support.
The blue-chip index climbed 0.9% to a near one-month
high, taking home gains for the fourth consecutive session and
outshining the European benchmark.
A sell-off in the pound ahead of the European Union's
decision on whether to grant Britain another Brexit extension
and amid risks of a possible general election led the
domestically focussed FTSE 250 0.1% lower.
The past two weeks have taken UK shares from pillar to post
with major Brexit developments including Prime Minister Boris
Johnson striking a new Brexit deal with the bloc and lawmakers
at home forcing his hand into asking for another extension to
the divorce.
Reflecting the anxiety ahead of EU's decision on the way
forward, a sub-index of homebuilders - a sector
considered among most vulnerable to the British economy - dipped
1% on its fourth straight session in the red.
UK blue-chips, on the other hand, accelerated early gains as
a weakening in the local currency boosted dollar earners in the
index including GlaxoSmithKline Plc and HSBC Holdings
Plc .
The bourse was already cheery after a survey showed French
business activity picked up more than expected in October.

'U.S.-CHINA AND BREXIT IN LIMBO'
The FTSE 100, whose components rake in more than two-thirds
of their earnings in U.S. dollars, is on course for its best
weekly performance since early February, as uncertainties over
the course of UK's EU departure have dented the value of
sterling.
AstraZeneca Plc contributed to nearly one-third of
the gains for FTSE 100 after the pharmaceutical firm raised its
annual product sales forecast for the second time this year. The
stock jumped nearly 6% on its best day in three months.

Analytics and decision tools provider Relx Plc and
industrial software company Aveva Group Plc added 4% and
5%, respectively, following trading updates.
"There's not been a huge catalyst for markets this week.
Earnings are largely topping beaten-down estimates. U.S.-China
and Brexit are in limbo," Markets.com analyst Neil Wilson said.
On the other end of the spectrum was Royal Bank of Scotland
Group Plc that skidded 3.3% as it swung to a
third-quarter loss due to a fresh 900 million pound provision to
settle mis-selling claims.
Woodford Patient Capital Trust Plc , formerly run by
once-star money manager Neil Woodford, surged 25% as the company
appointed asset manager Schroders Plc as its new
portfolio manager.
Metro Bank Plc jumped 11.5%, despite a grim
third-quarter earnings report, with a trader saying retail
investors saw a buying opportunity after the troubled lender's
CEO hinted that the company could consider takeover offers.


(Reporting by Muvija M and Shashwat Awasthi in Bengaluru;
Editing by Shounak Dasgupta and Lisa Shumaker)


More News
22 Jan 2024 10:45

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BEIJING/HONG KONG, Jan 22 (Reuters) - China's Vice President Han Zheng on Monday met with HSBC Chairman Mark Tucker in Beijing and urged the banking giant to deepen cooperation with China to improve Hong Kong's status as a financial centre, the official Xinhua news agency reported.

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18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

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17 Jan 2024 17:05

European shares slide more than 1% on hawkish ECB remarks, disappointing China data

Dec. EZ final consumer prices at 2.9% on yearly basis

*

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16 Jan 2024 09:27

IN BRIEF: RBC targets completion of HSBC Canada buy in late March

Royal Bank of Canada - Toronto-based lender - Targets March 28 as close date for acquisition of HSBC Bank Canada. RBC will begin conversion activities once the transaction closes and will open the branches and offices in Canada for business a few days later on April 1.

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

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15 Jan 2024 17:06

UK's FTSE 100 slips as luxury, bank stocks weigh

FTSE 100 down 0.4%, FTSE 250 flat

*

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European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

*

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15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

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15 Jan 2024 12:04

LONDON MARKET MIDDAY: Stocks head lower in quiet trade amid US holiday

(Alliance News) - Stock prices in London were lower at midday Monday, with trading likely to remain subdued due to a public holiday in the US.

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15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

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

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11 Jan 2024 22:04

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

Read more
11 Jan 2024 20:28

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

Read more
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

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11 Jan 2024 10:59

UK plans new system to tackle small bank failures after SVB collapse

LONDON, Jan 11 (Reuters) - Britain's finance ministry plans to introduce new procedures to manage the failure of small banks more effectively, it said on Thursday, following last year's high-profile collapse of U.S.-based Silicon Valley Bank (SVB).

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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