MARKET TALK: Oriel Downgrades Barclays To Hold, HSBC To Add
28th Jul 2010 08:19
0719 GMT [Dow Jones] Oriel Securities downgrades Barclays (BCS) to hold from add, and HSBC Holdings (HBC) to add from buy, but maintains target prices. Says Barclays Capital should see revenue cut of 20% in 2Q versus 1Q, while bank now trades 8% above 312p target price. HSBC trading 10% below 730p t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 08:19
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0719 GMT [Dow Jones] Oriel Securities downgrades Barclays (BCS) to hold from add, and HSBC Holdings (HBC) to add from buy, bu
Read moreMARKET TALK: HSI +0.9%; May Test 21,400-21,600 N/T -Prudential
28th Jul 2010 07:57
0657 GMT [Dow Jones] HSI +0.9% at 21,164.31, led by gains in heavyweight HSBC (0005.HK), last +2.0% at HK$80.45 due to news Basel 3 proposals watered down. Prudential's associate director Alvin Cheung expects HSI may test 21,400-21,600 ahead if it manages to stay above 21,000. "Buying interest in HS
Read moreHSBC Names HSBC Finance Exec Patrick Burke As US Unit CEO
28th Jul 2010 07:46
LONDON (Dow Jones)--HSBC Holdings PLC (HBC) said Wednesday that Patrick Burke, chief executive of HSBC Finance Corp.'s card and retail services, has been appointed CEO of the unit. The move follows the appointment of Niall Booker, who headed the U.S. consumer finance unit, as CEO of HSBC's North
Read moreMARKET TALK: HSBC +1.2%, May Test HK$80; 1H Results Eyed
28th Jul 2010 03:53
0253 GMT [Dow Jones] HSBC (0005.HK) extends recent gains, last +1.2% at HK$79.80, may test psychological HK$80 (last at this level end April) later in day; stock most heavily traded in HK with HK$745.2 million, nearly 7% of market total. HSBC tracking gains in ADRs, London-traded shares, on sector r
Read moreMARKET TALK: HSI Off 0.2%;But Upward Momentum Remains -Taifook
28th Jul 2010 03:19
0219 GMT [Dow Jones] HSI down 0.2% at 20,938.29, snapping 6-session winning streak, but pullback appears normal consolidation, with "upward momentum unabated," according to Taifook Securities; likely just matter of time before psychological 21,000 cap cracked. Market volume light at HK$5.31 billion
Read moreMARKET TALK: HK Blue Chips Pre-Open Tips Winning Streak Alive
28th Jul 2010 02:46
0146 GMT [Dow Jones] HK blue chips pre-open levels consistent with view market may take breather early on to consolidate 6-day 4.4% rally, but near-term bias remains on upside. Among 43 index members, gainers outnumber losers but upside limited; China Shenhua (1088.HK) indicated to rise 1.6% to HK$3
Read moreMARKET TALK: HSI May Consolidate; Earnings, Land Auction Eyed
28th Jul 2010 02:21
0121 GMT [Dow Jones] Two key focuses on today's HK trade: earnings, with Hang Lung Properties (0101.HK), HK Electric (0006.HK) both expecting to announce results lunch time, kicking off HK blue chips' reporting season; much-eyed auction of Mount Nicholson site in afternoon. HSI likely to open flatti
Read moreMARKET TALK: HSBC May Test HK$80; Watered-Down Basel Rules
28th Jul 2010 01:23
0023 GMT [Dow Jones] HSBC (0005.HK) may rise for 7th straight session, testing psychological HK$80 (last at this level end-April), tracking gains in ADRs, London-traded shares, on sector rally due to news Basel 3 proposals watered down. Next key event for HSBC 1H10 results due August 2, on which inv
Read moreMARKET TALK: HK Short Sales +3.1% Wednesday; HSBC Tops List
28th Jul 2010 00:36
2336 GMT [Dow Jones] HK short-selling volume +3.1% at HK$2.99 billion yesterday, as percentage of total market volume slipped to 4.8% vs Tuesday's 5.4%, suggesting bears remained deterred by HSI's winning streak, up for 7 straight sessions for cumulative gains of 5.0%. HSBC (0005.HK) topped list wit
Read more2nd UPDATE: UK Accounts Buy 99% Of GBP6B 2040 Gilt Linker
27th Jul 2010 17:14
(Adds comment, details) By Michael Wilson and Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ninety-nine percent of the GBP6 billion, 0.625% index-linked gilts sold by the U.K. Debt Management Office Tuesday were bought by U.K. accounts, according to the DMO. Robert Stheeman
Read moreUPDATE: UK GBP6.0 Bln 2040 0.625% Linker Tap Prices At 89.914
27th Jul 2010 15:43
(Adds details) By Michael Wilson and Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ninety-nine percent of the GBP6 billion, 0.625% index-linked gilts sold by the U.K. Debt Management Office Tuesday were bought by U.K. accounts, according to the DMO. Robert Stheeman, the Chi
Read moreRabobank Prices GBP300M 5.375% 50-Year Bond At 99.941
27th Jul 2010 13:27
LONDON (Dow Jones)--The Netherlands' Rabobank has priced its GBP300 million, 50-year bond via lead managers HSBC Holdings PLC and Rabobank, one of the banks running the sale said Tuesday. Terms are as follows: Amount: GBP300 million Maturity: August 3, 2060 Coupon: 5
Read more2nd UPDATE: UK 2040 Linker Tap Size Set At GBP6.0 Billion
27th Jul 2010 10:58
(Adds size, order books.) By Art Patnaude and Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. has set the final size on the syndicated tap of its 0.625% inflation-linked bond at GBP6 billion, bringing the total size of the issue to GBP9.5 billion, one of the banks running
Read moreUPDATE: UK 2040 Linker Tap To Price Flat To November 2037 UKTI
27th Jul 2010 10:12
(Adds guidance, order book size.) By Mark Brown and Art Patnaude, Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. has set price guidance on its planned syndicated tap of its 0.625% inflation-linked bond, one of the banks running the sale said Tuesday. The tap will price flat to
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