|Bid||652.10 x 200000|
|Ask||652.30 x 372700|
|Day's range||651.50 - 656.50|
|52-week range||596.40 - 749.90|
|Beta (3Y monthly)||0.84|
|PE ratio (TTM)||9.46|
|Earnings date||5 Aug 2019|
|Forward dividend & yield||0.64 (9.55%)|
|1y target est||9.20|
The FTSE 100 was up 0.3%, while the FTSE 250 rose 0.5%, with builder Galliford Try leading gains after announcing job cuts. After weeks of waiting for significant updates on Brexit, investors welcomed a "new deal" for Britain's departure from the European Union set out by Prime Minister Theresa May, which offered the prospect of a possible second referendum on the agreement.
HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development centres in China, as the Asia-focused lender seeks to bolster its presence in the world's second largest economy. Europe's biggest bank by assets will boost headcount at its technology centres in Guangzhou, Shanghai and Xi'an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West. In recent years the London-based bank has spent $3 billion (2 billion pounds) annually on its group technology operations which employ 40,000 people worldwide, and West said annual investments of $3-$3.5 billion are planned over the next few years.
Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. The previously disclosed project, known as the "utility settlement coin," was first proposed by Swiss bank UBS Group AG and London-based technology startup Clearmatics in 2015. It aims to develop a system to make clearing and settlement in financial markets more efficient.
By Muvija M and Yadarisa Shabong (Reuters) - Rallying banks and mining stocks lifted Britain's FTSE 100 on Thursday, but weak earnings hit luxury brand Burberry (BRBY.L) and Thomas Cook (TCG.L) was floored ...
BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc have been brought on as joint bookrunners for the planned Hong Kong IPO, according to the people, who asked not to be identified because the information is private. AB InBev is targeting a July listing for the business in a deal that could raise at least $5 billion, Bloomberg News reported last week.
Britain's biggest domestic lender Lloyds Banking Group said on Thursday it would pay dividends quarterly from the first quarter of 2020, in a move aimed at distributing income to its 2.4 million shareholders more regularly and efficiently. The new approach will see the lender adopt three equal interim ordinary dividend payments for first three quarters of year followed by, subject to performance, a larger final dividend in the fourth quarter, the bank said in a statement. Lloyds is one of Britain's biggest dividend payers and distributed around 4 billion pounds to investors in 2018.
The FTSE 100 advanced 0.8% and outperformed its European peers. The FTSE 250 was roughly flat. Markets were initially upbeat after U.S. President Donald Trump said talks between Beijing and Washington had not collapsed, terming the Sino-U.S. conflict as "a little squabble".
Goldman Sachs has bought a claim against The International Bank Corporation (TIBC), a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said. The U.S. investment bank bought $100 million (77.23 million pounds) of TIBC debt from Germany's Commerzbank at the end of last year, two of the sources said, reflecting Goldman's increased interest in Saudi Arabia. Although it snubbed a Saudi investment conference last year following the disappearance of journalist Jamal Khashoggi, Goldman Sachs has since won a slew of mandates in the kingdom, including a lead role in Saudi Aramco's debut international bond.
Andy Ross looks at the challenges facing Barclays plc (LON: BARC) and whether he thinks a competitor may reward investors far more.
Noor Bank is working with Barclays Plc on the deal, the people said, asking not to be identified because the discussions are private. An acquisition would create a lender with 278 billion dirhams ($76 billion) in assets. Dubai Islamic Bank can see “a lot of synergies with an acquisition of Noor,” Chief Executive Officer Adnan Chilwan said last month after Bloomberg reported that the companies had held initial talks.
The S&P 500 dropped the most in four months, the Dow Jones Industrial Average slumped more than 600 points and the Nasdaq Composite saw the biggest decline of the year after China targeted some of the nation’s biggest exporters. Both Boeing and Caterpillar Inc. fell fell nearly 5%, while Apple Inc. lost 5.8%. Shares briefly came off lows during Monday’s session after President Donald Trump indicated he’ll speak with China’s Xi Jinping at the end of June during the G-20 summit and said he hasn’t yet decided about fresh tariffs on the remaining $300 billion in Chinese imports.
A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades. British lenders have paid more than 30 billion pounds since 2007 in redress to customers missold endowment mortgages, pensions and payment protection insurance. Banks and other financial firms are not legally required to put customers' interests ahead of their own.
Momentum is building for independent checks on the capital buffers of banks, a senior accounting executive has said, with Metro and Co-operative banks a reminder of what happens when things go wrong. Following a request from the Bank of England, the ICAEW, a professional accounting body, designed a framework for independent checks on how banks calculate their ratio of capital to risky assets, a closely-watched measure of health. Michael Izza, chief executive of the ICAEW, said the idea of independent checks was gathering momentum.
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May 10 (Reuters) - Britain's FTSE 100 index is expected to open 22 points higher at 7,229 on Friday, according to financial bookmakers. * BARCLAYS, RBS, HSBC: Barclays, HSBC, and Royal Bank of Scotland ...
Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. In contrast, Credit Suisse, which has previously said it did not find any evidence of misconduct, is fighting the EU antitrust charge.
EU antitrust regulators are set to fine a group of banks including Barclays, Citigroup , HSBC and JPMorgan in the coming weeks for rigging foreign exchange rates, two people familiar with the matter said. Royal Bank of Scotland, UBS and a small Japanese bank will also be penalised, the people said. Credit Suisse is instead fighting the EU antitrust charge.
HSBC Bank USA, N.A., (HSBC), part of HSBC Group, one of the world’s largest banking and financial services organizations, today announced the launch of the Small Business Spotlight Series— a multi-part campaign profiling the bank’s Retail Business Banking customers, including how these small businesses are driving local economies. Since its inception, and with help from HSBC, Natassa has grown her business into a celebrated neighborhood hot spot. It’s our goal to help them achieve their ambitions in a financially responsible way,” says Shaun McDougall, Head of Retail Business Banking at HSBC.
Hong Kong's banking regulator has issued four more online-only banking licences to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent , ICBC and Hillhouse Capital. The introduction of online-only banking has the potential to be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders such as HSBC, Standard Chartered and a slew of Chinese banks.
VANCOUVER/NEW YORK (Reuters) - Huawei's chief financial officer intends to seek a stay of extradition proceedings in part based on statements by President Donald Trump about the case, which her lawyers say disqualifies the United States from pursuing the matter in Canada. CFO Meng Wanzhou, 47, the daughter of Huawei Technologies Co Ltd's billionaire founder, Ren Zhengfei, was arrested at Vancouver's airport in December on a U.S. warrant and is fighting extradition on charges that she conspired to defraud global banks about Huawei's relationship with a company operating in Iran.
While Britain debates the merits of a second Brexit referendum, London's financial centre is steering clear of the argument, resigned to the need to shift some business elsewhere. Burned by backing the ill-fated Remain campaign three years ago, major global and British banks told Reuters they would shy away from taking a similar position in a new vote, preferring to spend time and money on "future-proofing" their business, including tackling outdated technology and moving into new markets. A Reuters survey of leadership attitudes at 17 British and global banks found just six of the 11 institutions who responded to the survey backed the idea of a People's Vote to break a parliamentary impasse on a proposed exit deal.
The FTSE 100 slumped 1.6 percent, while midcaps were 1.2 percent lower. HSBC and Prudential fell as U.S. President Donald Trump's threat to impose additional tariffs on Chinese goods hit Asia-exposed financial stocks. Oil majors Shell and BP suffered their worst day since early December as the trade nerves fanned concerns about global growth and demand.
Seeking big dividends and hot profits growth? Royston Wild thinks HSBC Holdings plc (LON: HSBA) could be one of the greatest firms in the FTSE 100 (INDEXFTSE: UKX) right now.