London close: Stocks buoyed by banking, mining positivity
26th Apr 2024 16:35
(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.
Read moreCiti remains 'overweight' UK banks; HSBC and Barclays 'top picks'
23rd Apr 2024 07:59
(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.
Read moreLondon close: Stocks slip ahead of ECB, US inflation print
9th Apr 2024 15:12
(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.
Read moreHSBC's Argentina exit doesn't impact valuation, Shore Capital says 'buy'
9th Apr 2024 15:12
(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.
Read moreHSBC to take $1bn hit from Argentina unit sale
9th Apr 2024 07:05
(Sharecast News) - HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.
Read moreLondon close: Stocks reverse losses to finish slightly higher
3rd Apr 2024 16:07
(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.
Read moreLondon close: Stocks turn red on return from Easter break
2nd Apr 2024 15:22
(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.
Read moreHSBC to recruit about 50 more bankers for US commercial bank - Reuters
11th Mar 2024 14:05
(Sharecast News) - HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to start-up companies, mainly in the technology and healthcare sectors, according to a senior executive.
Read moreLondon close: Stocks finish firmer as US jobless claims rise
7th Mar 2024 15:29
(Sharecast News) - London markets closed with modest gains on Thursday, after higher-than-expected jobless claims figures from the US, and a flurry of corporate news in the UK.
Read moreLondon close: Stocks mixed ahead of Fed minutes, Nvidia results
21st Feb 2024 15:01
(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors awaited updates from the US Federal Reserve and results from AI chipmaker Nvidia.
Read moreHSBC profits soar 78% but miss forecasts on China exposure
21st Feb 2024 07:02
(Sharecast News) - Shares in HSBC fell on Wednesday as a record annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.
Read moreWednesday preview: Fed meeting minutes, HSBC in the spotlight
20th Feb 2024 12:29
(Sharecast News) - Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.
Read moreLondon close: Stocks finish higher on raft of global data
30th Jan 2024 16:00
(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.
Read moreHSBC slapped with £57.4m fine for deposit protection failures
30th Jan 2024 07:27
(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.
Read moreCanada govt approves $13bn sale of HSBC local unit to RBC
22nd Dec 2023 07:02
(Sharecast News) - The Canadian government has approved the $13.5bn takeover of HSBC Canada by RBC, allowing the sale to proceed despite calls for it to be blocked over fears of reduced competition in the sector.
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