Advertisement
UK markets close in 2 hours 8 minutes

  • FTSE 100

    8,117.92
    +39.06 (+0.48%)
     

  • FTSE 250

    19,788.45
    +186.47 (+0.95%)
     

  • AIM

    754.65
    +1.53 (+0.20%)
     

  • GBP/EUR

    1.1664
    +0.0007 (+0.06%)
     

  • GBP/USD

    1.2502
    -0.0009 (-0.07%)
     

  • Bitcoin GBP

    51,023.32
    +803.13 (+1.60%)
     

  • CMC Crypto 200

    1,385.44
    -11.09 (-0.79%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    84.29
    +0.72 (+0.86%)
     

  • GOLD FUTURES

    2,360.60
    +18.10 (+0.77%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,078.11
    +160.83 (+0.90%)
     

  • CAC 40

    8,057.06
    +40.41 (+0.50%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

UniCredit shares fall at open after report Mustier vying for HSBC top job

Reuters - UK Focus
Updated ·1-min read

MILAN, Feb 21 (Reuters) - Shares in Italy's biggest bank UniCredit fell more than 1% at open on Friday following reports Chief Executive Jean Pierre Mustier is being considered for the top job at rival HSBC.

HSBC this week unveiled a drastic overhaul, the third since the financial crisis, under interim CEO Noel Quinn.

Bloomberg News reported on Thursday Mustier had emerged as a contender for the job, which Quinn is vying to secure on a permanent basis. HSBC said in August it would pick a permanent CEO within six to 12 months.

A source familiar with the matter confirmed to Reuters Mustier is a candidate. Both banks declined to comment.

ADVERTISEMENT

UniCredit shares were down 1.3% in early trade on Friday, following a 2.9% drop the previous day when it underperformed a 2.1% fall in the sector.

Mustier arrived at UniCredit in mid-2016 to oversee a turnaround that has seen the bank slash costs and bad debts while also selling assets and new shares to boost capital. (Reporting by Valentina Za and Giselda Vagnoni)