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Pin to quick picksStandard Chartered Share News (STAN)

Share Price Information for Standard Chartered (STAN)

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Share Price: 778.40
Bid: 777.00
Ask: 777.40
Change: 2.40 (0.31%)
Spread: 0.40 (0.051%)
Open: 767.40
High: 781.40
Low: 767.40
Prev. Close: 776.00
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European shares gain on healthcare boost; miners, energy lag

Mon, 14th Aug 2023 17:30

Miners, energy stocks top sectoral losers

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Philips gains after Exor NV takes stake in co

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Fresenius Medical Care drops on UBS rating downgrade

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STOXX 600 up 0.2%

Aug 14 (Reuters) - European shares closed higher on Monday, rebounding from a near one-week low, as gains in retail and healthcare outpaced the fall in miners and energy, both bruised by concerns over China's embattled property sector.

The pan-European STOXX 600 closed the day 0.2% higher, bouncing back from a more than 1% decline on Friday.

The healthcare sector gained 0.3%, with Philips jumping 4.4% after Dutch investment firm Exor NV took a 15% stake in the company. Exor dipped 0.3%.

The retail sector index was the top gainer, up 0.8%, with B&M European Retail gaining 3% following a Deutsche Bank price target raise.

However, miners and energy stocks led losses tracking lower crude oil and base metal prices on deteriorating demand outlook in top consumer China, reinforced by debt problems in its property sector.

Reuters reported Country Garden is seeking to delay payment on a private onshore bond for the first time after suspending trading in 11 onshore bonds.

The European basic resources index ended 1.5% lower, touching an over 10-month low intraday, while the energy sector closed 0.8% down.

Other China-exposed sectors like luxury lost 0.1%, while lenders Prudential, HSBC Holdings and Standard Chartered shed between 0.5% and 0.7%.

"The China story's negative for European markets, especially for the more export-oriented ones such as Germany, as China is seen as the key export market," said Andrea Cicione, head of research at GlobalData.TSLombard.

"We might be nearing the point where the bad news stops having an effect and maybe the government provides the kind of response that the market feels comfortable with... However, we don't expect a large-scale stimulus."

The benchmark STOXX 600 has come off its over one-year highs hit last month as ballooning growth concerns in China and sharp movements in bond yields have pressured equities.

Commodity-heavy European bourses also lagged, with UK's FTSE 100 and Norway's Oslo SE All-Share Index falling 0.2% and 0.3%, respectively.

Geopolitical issues also dented investor sentiment after a Russian warship fired warning shots on a cargo ship in the Black Sea over the weekend, with Ukraine condemning the move and calling for decisive countermeasures by the international community.

Economic data due this week include a flash estimate of euro-zone second-quarter GDP, fresh euro-zone inflation and British consumer prices.

Among individual movers, German dialysis specialist Fresenius Medical Care (FMC) dropped 5.1% to the bottom of the STOXX 600 following a UBS downgrade to "sell" from "neutral". (Reporting by Shashwat Chauhan in Bengaluru; Editing by Janane Venkatraman, Saumyadeb Chakrabarty and Nick Macfie)

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23 Feb 2024 16:57

LONDON MARKET CLOSE: FTSE 100 ends day higher but suffers weekly loss

(Alliance News) - Large-cap stock prices in Europe closed higher on Friday, with Standard Chartered leading the charge in the FTSE 100.

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23 Feb 2024 16:07

London close: FTSE rises on back of StanChart cheer

(Sharecast News) - London stocks finished with a mixed performance on Friday, as Standard Chartered underpinned the top-flight index following its announcement of a $1bn share buyback programme.

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23 Feb 2024 12:06

LONDON MARKET MIDDAY: StanChart prospers while stocks take a breather

(Alliance News) - Stock prices in London faltered at midday Friday, despite strong gains by Standard Chartered, as the wave of euphoria after Nvidia's blow-out earnings began to fade.

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23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

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

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23 Feb 2024 08:47

LONDON MARKET OPEN: Stocks mixed; StanChart drives FTSE 100 higher

(Alliance News) - Stock prices in London opened mixed on Friday, with the FTSE 100 lifted by well-received results from Standard Chartered.

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23 Feb 2024 07:45

LONDON BRIEFING: Coca-Cola Europacific completes Philippines buy

(Alliance News) - Stocks in London are expected to edge into the red at Friday's market open, failing to capitalise on the AI-driven gains seen in other global equity markets.

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23 Feb 2024 07:02

StanChart in $1bn buyback as profits rise, but trims income forecast

(Sharecast News) - Shares in Standard Chartered on Friday soared after the Asia-focused bank unveiled a new $1bn buyback, increased dividend and higher annual profits, but reined in guidance on income for the current year.

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23 Feb 2024 06:50

LONDON MARKET EARLY CALL: FTSE to open flat despite record gains in NY

(Alliance News) - Stocks in London are set to open flat on Friday, continuing to miss out on the AI-driven gains seen in equity markets across the globe.

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23 Feb 2024 05:48

TOP NEWS: StanChart to launch USD1 billion buyback as profit jumps

(Alliance News) - Standard Chartered PLC on Friday announced a new USD1 billion share buyback, as it reported a double-digit profit rise for 2023.

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22 Feb 2024 17:07

Friday preview: German GDP, StanChart in focus

(Sharecast News) - Investors' attention at the end of the week will be on the euro area's largest economy.

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16 Feb 2024 15:15

UK earnings, trading statements calendar - next 7 days

Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Antofagasta PLCFull Year Results
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
Wednesday 21 February 
BAE Systems PLCFull Year Results
Conduit Holdings LtdFull Year Results
Glencore PLCFull Year Results
HSBC Holdings PLCFull Year Results
Rio Tinto PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
Tate & Lyle PLCTrading Statement
Thursday 22 February 
Anglo American PLCFull Year Results
Genus PLCHalf Year Results
Hargreaves Lansdown PLCHalf Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Indivior PLCFull Year Results
Jupiter Fund Management PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
ME Group International PLCFull Year Results
Mondi PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
WPP PLCFull Year Results
Friday 23 February 
City of London Investment Group PLCHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
Standard Chartered PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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16 Feb 2024 14:59

London close: Stocks rise as UK retail sales rebound

(Sharecast News) - London's stock markets saw positive gains on Friday, buoyed by encouraging UK retail sales data and favourable earnings reports from NatWest.

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2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

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

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24 Jan 2024 16:31

London close: Stocks rise on positive news from China

(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.

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23 Jan 2024 17:46

London close: Stocks slip as focus shifts to US earnings

(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.

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