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Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
HSBA Live PriceLast checked at -

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Wednesday newspaper round-up: Romney, Banks, Impala

Wed, 07th Mar 2012 07:00

The contest that was meant clarify the race for the Republican presidential nomination threatened to throw it into greater chaos after an inconclusive Super Tuesday night saw ten states split between the candidates. Mitt Romney, who entered yesterday's race with a head of momentum and the hope that he could finally stake his claim to the nomination, ended the evening with clear victories in four states ? Massachusetts, Vermont, Virginia and Idaho ? that he was long expected to win. Rick Santorum, meanwhile, snatched a crucial victory in Tennessee, adding that to wins in Oklahoma and North Dakota and denying Mr Romney a longed-for inroad into the evangelical South, The Times says. Banks could end up paying an extra £6.4bn in controversial payment protection insurance payouts to millions of 'forgotten victims', new Money Mail research shows. The City watchdog, the Financial Services Authority, is ordering banks, insurers and brokers to write to 12million PPI customers who have yet to claim, telling them they may be due a payout. Money Mail has seen insider industry calculations which show that, if just six in every ten people respond to the mailshot and are successful, it will take the expected total PPI compensation bill to £14bn. This would blow a huge hole in the banks' own provisions for the mis-selling scandal, currently £7.6bn including administration costs, and force a major rethink on how they plan to compensate customers. HSBC has quietly revealed it paid the directors of its UK retail bank a total of 64% more in 2010 than it disclosed in its accounts at the time. The report and accounts for HSBC Bank published last week show that directors were paid £5.019m rather than the £3.076m disclosed in the 2010 accounts. In a small footnote, the bank said it had "restated" the accounts to "reflect services rending during the year in respect of deferred awards". Experts said the restatement was the result of an accounting change - and is another example of the chaotic standards under which bank statements are produced, according to The Telegraph. The glinting steel of the platinum smelting works soaring above the once-orderly grainfields of Selous comes as a shock. It was here, west of Harare, that white farmers were driven out by President Mugabe's hired thugs a decade ago. From today, the Zimplats complex ? the result so far of a $1.8bn (£1.1bn) investment by South Africa's Impala Platinum through its 87% stake in the Zimbabwe-based company ? is in serious danger of becoming another symbol of Mr Mugabe's ruin, to set alongside the wasted farmland that surrounds it. Impala has been given an ultimatum to hand over 29% of its Zimplats shareholding, worth $300m, into an as yet unformed trust. This is to make the world's second-biggest platinum producer "compliant" with legislation forcing white and foreign-owned companies to "cede for value" 51% of ownership to black Zimbabweans, writes The Times. More than three years after its collapse sparked the worst of the financial crisis, Lehman Brothers yesterday emerged from bankruptcy. The investment bank will not return to making bets on the markets and advising on deals, but has instead started the long process of selling off its remaining assets and paying back creditors and investors. The first group of payments to creditors will take place on April 17 and is expected to be worth at least $10bn (£6.4bn). In total, $65bn will be paid back, The Times reports. Backing for British institutions such as the monarchy, the pound, and even the nationwide BBC Six O'Clock News has risen in Scotland at the same time as support has grown for a more powerful Scottish Parliament, a new poll reveals today. In a graphic example of how voters appear to favour political change in Scotland, but cleave to a continuing union across Britain, the YouGov poll shows that backing for separate Scottish oversight in diplomacy, defence and immigration have all dropped over the past five years. At the same time, however, the poll shows that Scottish residents have warmed to the idea of the country running its own tax affairs under a system of "fiscal autonomy" that is now more popular than having public services funded by a Westminster grant, The Scotsman says. Senior members of Iceland's former government have accused the UK of making "unreasonable demands" in the run-up to the financial crisis that doomed attempts to rescue one of the country's biggest banks. On the second day of the trial of Geir Haarde, the country's prime minister during the country's banking collapse, Bjorgvin Sigurdsson, the country's former trade minister, was sharply critical of the stance taken by former Chancellor Alastair Darling and the Financial Services Authority (FSA). "I do not know how in the world Darling thought that 300,000 people should take on hundreds of billions worth of debt," he told the court, The Telegraph reports. AB
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23 Apr 2024 07:59

Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'

(Sharecast News) - Citi said on Tuesday that it remains 'overweight' UK banks, with HSBC and Barclays its top picks, but Standard Chartered its least preferred.

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22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

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

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19 Apr 2024 09:18

Venture Life renews revolving credit facility with Santander and HSBC

(Alliance News) - Venture Life Group PLC on Friday said it had renewed its revolving credit facility with Santander UK PLC and HSBC Innovation Bank Ltd.

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18 Apr 2024 14:12

UK dividends calendar - next 7 days

Friday 19 April 
Chelverton UK Dividend Trust PLCdividend payment date
Empiric Student Property PLCdividend payment date
FW Thorpe PLCdividend payment date
Heavitree Brewery PLCdividend payment date
Heavitree Brewery PLC A dividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Palace Capital PLCdividend payment date
STS Global Income & Growth Trust PLCdividend payment date
Monday 22 April 
no events scheduled 
Tuesday 23 April 
Crest Nicholson Holdings PLCdividend payment date
Invesco Asia Trust PLCdividend payment date
Pantheon Infrastructure PLCdividend payment date
Pembroke VCT PLC Bdividend payment date
Pinewood Technologies Group PLCex-dividend payment date
Wednesday 24 April 
Conduit Holdings Ltddividend payment date
Thursday 25 April 
abrdn Asian Income Fund Ltdex-dividend payment date
AVI Japan Opportunity Trust PLCex-dividend payment date
Bakkavor Group PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bodycote PLCex-dividend payment date
Cairn Homes PLCex-dividend payment date
Central Asia Metals PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
ConvaTec Group PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Eurocell PLCex-dividend payment date
Foresight Solar Fund Ltdex-dividend payment date
Greggs PLCex-dividend payment date
Hansard Global PLCdividend payment date
Harworth Group PLCex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
HSBC Holdings PLCdividend payment date
Invesco Select Trust PLC Global Equity Income ex-dividend payment date
Invesco Select Trust PLC UK Equity ex-dividend payment date
JPMorgan Claverhouse IT PLCex-dividend payment date
Legal & General Group PLCex-dividend payment date
ME Group International PLCex-dividend payment date
Morgan Advanced Materials PLCex-dividend payment date
Morgan Sindall Group PLCex-dividend payment date
Mortgage Advice Bureau Holdings PLCex-dividend payment date
MP Evans Group PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
Portmeirion Group PLCex-dividend payment date
Public Policy Holding Cos Incex-dividend payment date
Rightmove PLCex-dividend payment date
Sabre Insurance Group PLCex-dividend payment date
Schroder Oriental Income Fund Ltdex-dividend payment date
Secure Trust Bank PLCex-dividend payment date
Seed Innovations Ltdex-dividend payment date
Seplat Energy PLCex-dividend payment date
Shaftesbury Capital PLCex-dividend payment date
Spirax-Sarco Engineering PLCex-dividend payment date
St James's Place PLCex-dividend payment date
Stelrad Group PLCex-dividend payment date
Team Internet Group PLCex-dividend payment date
Tufton Oceanic Assets Ltdex-dividend payment date
Tyman PLCex-dividend payment date
Volta Finance Ltddividend payment date
Wickes Group PLCex-dividend payment date
  
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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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17 Apr 2024 16:42

Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown

HONG KONG, April 17 (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker dealmaking and sluggish markets in China and Hong Kong weighing on business prospects.

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17 Apr 2024 11:49

Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs on deal slowdown

HONG KONG, April 17 (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge of the matter said, as weaker deal activities and sluggish markets in China and Hong Kong weigh on their business prospects.

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16 Apr 2024 17:09

Europe's STOXX 600 slides in broader market decline on geopolitical jitters

ECB policymakers stick with June rate cut plan

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11 Apr 2024 10:06

Blackstone, CVC consider bids for Superstruct festivals firm, sources say

LONDON, April 11 (Reuters) - Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters.

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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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