StanChart in $1.5bn buyback as annual earnings rise
21st Feb 2025 07:05
(Sharecast News) - Asia-focused bank Standard Chartered said it would hand back $1.5bn to shareholders after a rise in annual earnings driven by its pursuit of wealthy customers, although it warned that global growth could be hit by protectionist trade policies amid threats of widespread tariffs by the new US government.
Read moreSunday newspaper round-up: Etihad float, Shein, Thames Water
9th Feb 2025 14:05
(Sharecast News) - Abu Dhabi based carrier Etihad is planning to float a stake of up to 20% on the Abu Dhabi Stock Exchange. Sources indicate that it could command a valuation of $5bn (£4bn). It would be the second such transaction for its boss, Antonoaldo Neves. In 2017, the former McKinsey partner floated Azul, Brazil's third-largest airline, on the New York Stock Exchange. For Neves, any airline that aspires to be "relevant" needs to tap into different sources of capital. Its goal is to fly 170 jets by 2030, up from 93 at present. - The Sunday Times
Read moreStandard Chartered names banking vet Ramos as new chair
4th Feb 2025 09:15
(Sharecast News) - Banking group Standard Chartered has chosen banking veteran Maria Ramos as its new chair, who is set to succeed José Viñals who will retire from the board at the end of his nine-year term this May.
Read moreShore Capital favours international banks over domestics as bond yields rise
13th Jan 2025 09:02
(Sharecast News) - Shore Capital has reassessed its coverage for the UK banking sector in light of recent developments in the bond and currency markets, highlighting its preference for internationally focused lenders.
Read moreZambia's SEC sanctions Standard Chartered
13th Jan 2025 09:01
(Sharecast News) - Multinational bank Standard Chartered has been sanctioned by Zambia's Securities and Exchange Commission for mis-selling bonds issued by state-backed Chinese developer Sino-Ocean to one of its local wealth clients at the height of the Asian country's real-estate crisis.
Read moreStanChart exploring sale of wealth & retail banking businesses in Africa
27th Nov 2024 09:22
(Sharecast News) - Standard Chartered said on Wednesday that it is exploring the potential sale of its wealth & retail banking (WRB) businesses in Botswana, Uganda and Zambia.
Read moreLondon close: Stocks finish week on positive note
22nd Nov 2024 16:06
(Sharecast News) - London's equity markets ended the week on a high note, as investors digested an improvement in UK consumer confidence, even as other indicators such as business output and retail sales painted a more challenging picture.
Read moreLondon close: Stocks mixed as Chancellor unveils tax hikes
30th Oct 2024 14:57
(Sharecast News) - London stocks saw mixed results on Wednesday as investors weighed the impact of the £40bn worth of tax rises announced by Rachel Reeves in her first Budget as Chancellor.
Read moreLondon close: Stocks rise as US jobless claims reach four-month low
26th Sep 2024 15:13
(Sharecast News) - London markets ended Thursday on a positive note, as investors reacted to a four-month low for US jobless claims, and renewed support measures from China.
Read moreStandard Chartered adds industries team to M&A unit, cuts jobs
12th Aug 2024 15:05
(Sharecast News) - Standard Chartered has folded its industries coverage team into its mergers and acquisitions (M&A) advisory unit, it was reported on Monday, resulting in the elimination of over 20 positions globally.
Read moreLondon close: Stocks finish higher amid global recovery
7th Aug 2024 16:34
(Sharecast News) - London's stock markets closed higher on Wednesday, buoyed by positive global sentiment following remarks from the Bank of Japan.
Read moreLondon close: Stocks mixed after barrage of corporate updates
30th Jul 2024 15:32
(Sharecast News) - London stocks ended the day mixed on Tuesday as investors navigated a wave of earnings reports and anticipated upcoming key announcements from the Federal Reserve and the Bank of England.
Read moreStandard Chartered unveils $1.5bn share buyback as profits beat estimates
30th Jul 2024 07:03
(Sharecast News) - Asia-focused bank Standard Chartered on Tuesday unveiled its biggest-ever share buyback and lifted guidance as interim earnings beat estimates.
Read moreLondon close: Stocks mixed as PM Starmer names his Cabinet
5th Jul 2024 16:35
(Sharecast News) - London's stock markets ended the week on a mixed note on Friday, after a subdued response to Labour's general election victory, although housebuilders and the more domestically-focussed FTSE 250 made gains.
Read moreStanChart planning to set up crypto trading desk - report
21st Jun 2024 13:48
(Sharecast News) - Standard Chartered is reportedly setting up a trading desk for Bitcoin and Ether, making it one of the first global banks to enter spot cryptocurrency trading.
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