HSBC sells stake in Hana HSBC Life Insurance
29th Apr 2013 13:10
HSBC Insurance, an indirect wholly-owned subsidiary of banking giant HSBC Holdings, has agreed to sell its 50 per cent stake in Hana HSBC Life Insurance Company to Hana Financial Group. The transaction, which is expected to be completed by May 10th, is part of the company's strategy for the develo
Read moreWednesday newspaper round-up: Lloyds, ENRC, Apple...
24th Apr 2013 06:49
The proposed deal to sell more than 600 Lloyds branches to the Co-op have collapsed after the latter said it could not proceed with the transaction, according to the Financial Times. "The cancellation of the deal, originally worth up to £750m under terms struck last summer, is set to be announced
Read moreHSBC axes further 1,149 UK jobs to cut costs
23rd Apr 2013 13:01
HSBC is cutting a further 1,149 jobs in the UK as bank of its three-year cost-cutting plan. The redundancies come on top of a 2,200 cull a year ago at the bank's UK operations. The bank, which employs just over 47,000 employees in Britain, said 3,166 positions would be affected. However, just
Read moreLondon midday: Banks provide a lift as markets shrug off UK downgrade
22nd Apr 2013 11:20
Markets were making decent gains on Monday morning, shrugging off the news that Fitch had stripped the UK of it prized 'AAA' credit rating, as investors went bargain hunting following some heavy falls the week before. Despite trimming losses after a decent rebound on Friday, the FTSE 100 still fell
Read moreLondon open: Financials lead markets higher early on
22nd Apr 2013 08:16
Equities were making decent gains on Monday morning with financial stocks on the rise in London as markets attempted to claw their way back from heavy losses last week. The FTSE 100 fell a total of 97.8 points last week, losing 1.53% of its value, as concerns about global economic growth and a sell
Read moreTuesday newspaper round-up: Boston, Barclays, Petrol prices...
16th Apr 2013 06:49
Three people are said to have been killed and over a hundred injured by two explosions near the finishing line of the Boston marathon yesterday. "The White House said the incident would be handled as an 'act of terror'. If confirmed as terrorism, it would be the most dramatic such incident on the ma
Read moreLondon midday: FTSE 100 snaps four-day winning streak
12th Apr 2013 11:55
The FTSE 100 was pulling back on Friday morning after four consecutive days of gains as investors turned cautious ahead of a meeting of Eurozone finance ministers in Dublin. Results due out from US banking giants JPMorgan Chase and Wells Fargo later today were also making markets nervous, with stoc
Read moreLondon open: Stocks fall ahead of Eurozone meeting
12th Apr 2013 08:40
Renewed concerns about the Eurozone were weighing on markets on Friday morning with the FTSE 100 pulling back after four consecutive days of gains ahead of a meeting of European finance ministers later today. It was revealed yesterday in a draft of the updated rescue plan for Cyprus that the countr
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreBroker tips: Banks, Asset managers, Next
5th Apr 2013 10:41
Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
Read moreBroker snap: Investec upgrades HSBC to 'buy', but prefers StanChart
5th Apr 2013 10:28
Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreEuromoney signs deal with HSBC - UPDATE
4th Apr 2013 07:10
Euromoney Institutional Investor, the FTSE 250 international online information and events group, has signed a binding agreement with banking giant HSBC to acquire its Quantitative Techniques (QT) operation. QT creates and maintains more than 100 equity and bond indices for HSBC's Global Markets di
Read moreHSBC sells insurance portfolios in Singapore
3rd Apr 2013 10:46
HSBC Holdings has agreed to sell its group term life insurance and group medical insurance portfolios in Singapore to AXA Life Insurance Singapore Private. The portfolios, under the bank's subsidiary HSBC Insurance (Singapore), were put at a gross asset value of 23.5m Singapore dollars at December
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
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