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HSBC PLC profits trashed by now customary "exceptional" items
For the banks the exceptional has become the norm, rather than the exception.
Company
HSBC Holdings PLC
LON:HSBA
HSBC serves customers worldwide from more than 9,500 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC is one of the world's largest banking and financial services organisations.
614 stories · page 6 of 7
Investments and investor services
FTSE 100 stocks jump after FBI clears Clinton, miners top risers
FTSE 100 shares closed 1.7% higher on Monday as a sharp intraday gain came early in the session on news that US presidential candidate Hillary Clinton had been cleared by the FBI, and it remained on helium for the rest of the session. Minin
Week Ahead: US election takes centre stage
Aside from the election, several UK retailers have results due next week
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‘HSBC better than RBS, Barclays and Lloyds.’ Chartist puts the global bank under spotlight
As a global operator HSBC has outperformed domestic rivals such as RBS, Barclays and Lloyds in the aftermath of the Brexit vote.
FTSE 100 shares end higher, led by commodity-related stocks
FTSE 100 stocks ended higher on Wednesday after a see-saw session, after recovering from a bout of downside this week on the fate of Germany’s biggest lender Deutsche Bank when commodity-related shares advanced
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Lloyds on the Goldman 'sell' list, while Barclays and RBS are hit by Deutsche woes
Goldman Sachs downgraded the black horse bank to sell even though it reckons the lender's strategy is essentially sound. Find out why.
FTSE 100 marks 5-week high on Fed-fuelled rally
London stocks ended at a five-week high on Thursday as investors took comfort from the Federal Reserve’s decision to hold off a US rate hike the previous day
Ocado gets another pasting over margin warning
Exane BNP Paribas downgrades online grocer after it warned of margin pressure from rivals
Investments and investor services
London office market under threat from 'Brexit', says Deutsche
Broker sees possible "material moves" out of London after referendum
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Sell Royal Bank of Scotland, buy Lloyds Banking, reckons SocGen
The UK economy so far has also held up better than expected
UK shares end lower as trade data fails to excite post-Brexit
UK stocks ended sharply lower on Friday, never once turning into the black, after trade data failed to ignite excitement among investors
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HSBC facing potential legal action over forex trading
US prosecutors "considering criminal charge" against bank linked to foreign exchange trading
Investments and investor services
FTSE 100 climbs modestly ahead of manufacturing data
The FTSE 100 rose 23 points to 6804.52, while the FTSE 250 gained 40 points
London shares end lower but 90 points up in August
London shares ended Wednesday lower but finished the month around 90 points higher
Footsie wilts under weight of miners and US data
The US ADP non-farm employment change figure failed to provide investors with much guidance
FTSE 100 edges into positive territory despite mining woe
The Footsie lifted 7.1 points to 6827.89 in early trading, but the UK-focused FTSE 250 was in the red
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UK shares end softer as energy stocks lick wounds of regulator’s price cap plan
London shares closed softer on Wednesday after energy stocks absorbed news that regulators plan a price cap – knocking sideways the benefit of a surge in banking stocks
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Footsie dips ahead of expected downbeat Wall Street opening
The FTSE 100 Index extended losses to stand 13.36 points adrift at 6632.04
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HSBC returns US$2.5bn to investors despite profit dip
Banking giant made first-half pre-tax profit of US$9.7bn, down US$3.9bn versus a year ago
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FTSE 100 Index drops after US slump and dire UK data
Despite positive responses to the trading updates from Next and HSBC, blue chips fell
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Papers: Hollande tells UK to trigger Article 50 ASAP
French President Francois Hollande has told Theresa May that Britain needs to leave the EU quickly to avoid creating unnecessary uncertainty
London mid-caps climb above Brexit levels for the first time in a month
It took a month, but London’s midcaps have climbed above their Brexit levels for the first time as shares closed higher on Wednesday while top AIM stocks hit their highest levels of the year
FTSE 100 Index pares gains as pound rises on UK job news
The FTSE 100 Index lost hold of earlier gains of around 30 points to stand 10.16 points ahead at 6707.53
Investments and investor services
FTSE 100 Index rises despite mining woe
The FTSE 100 Index was 30.59 points to the good at 6727.96 while the FTSE 250 also rose
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BREXIT: Boris back-pedals out of leadership race
Bojo backs out: London's former mayor has withdrawn unexpectedly from the race.
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Brokers: RBS, Lloyds and Barclays all downgraded
Royal Bank of Scotland, Barclays and Lloyds Bank felt the wrath of the brokers on Monday as all were downgraded following the UK’s decision to leave the EU
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Bank share prices fall amid fears of Brexit disruption and job cuts
Bank share prices plummet as investors fretted about possible loss of access to European markets
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HSBC coughs up US$1.58bn to settle Household legacy
HSBC Finance will take a pre-tax charge of US$585mln in the second quarter of this year.
Banks shares in demand on tentative Greek agreement
A tentative agreement on debt relief for Greece was welcomed by banks while the rising oil price fuelled increases for BP and Shell
Trending: Hooray for the Henrys
Trouble at t'store for Asda; Ladbrokes gets a result; HSBC halves retail estate in India; Student digs company raises £60mln - that's a lot of pizzas
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Banking shake-up sparks criticism from rivals
Big banks welcome watchdog's review but rivals and consumer groups brand it inadequate
Aim stocks slide but evade the Footsie carnage
While the FTSE 100 finished at 6,186, down 56 points, shares on London's junior market fared somewhat better.
Small caps outpace FTSE100 at lunch; Rose Petroleum big riser
Contrary to what the spreadbetters foresaw, Footsie was well down at lunch but small caps were rising higher.
FTSE100 poised for higher open after strong US finish
Britain's premier blue chip index is poised to open a shade higher after the bank holiday weekend, and after upbeat trading on Wall Street and the rest of Europe.
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Brokers: Royal Mail bag contains mixed views
Royal Mail, Go-Ahead, Boohoo.com, BP, Marks & Spencer...
Investments and investor services
Anglo American plc expected to struggle with asset sales
Anglo American, Randgold Resources, Amerisur Resources, Barclays, HSBC, and Hunting were all in the broker spotlight on Monday.
Investments and investor services
Quartix upgraded by Finncap after upbeat results
Quartix, Sky, ITV, Kerry Group, Intu Properties and HSBC are all in Monday’s broker spotlight.
Royal Bank of Scotland to unveil eighth year of losses
State-owned bank to take £2.5bn hit from PPI and other scandals
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FTSE 100 storms back above 6,000
Good corporate news including strong sets of numbers from Lloyds and RSA sent FTSE100 soaring...
Banks and economic news propel Footsie higher
The Footsie extended the morning's gains to stand 140.94 points up at 6008 by lunchtime
Upbeat Lloyds results drive London market higher
Lloyds reported a 5% rise in underlying profit to £8.1bn
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FTSE 100 closes lower on data and Brexit jitters
Footsie continued lower on Wednesday as there were jitters about a possible Brexit and UK retail figures disappointed...
London shares extend losses as UK-EU exit fears weigh
The Footsie fell 85 points as business leaders queued up to urge the British public to vote to stay in the EU
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Footsie closes lower as oil and Standard Chartered weigh
Footsie closed 1.25% down as oil weighed along with the results from Standard Chartered..
London shares fall on mining woe and business's EU exit fears
Footsie companies warned that EU exit could cost UK jobs and investment
Investments and investor services
Risers & Fallers: Argos Resources, Eden Research, Hardide, Inspiration Health., Kromek, MirLand
Eden Research raises a glass to the Spanish authorities for green-lighting its wine grape protection product.
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HSBC profits flat, faces new probe
Profits in 2015 rose by 1% US$18.87bn, but on an underlying basis fell 7% to US$20.4bn
Week Ahead: Banking season arrives
It's a heavy week for trading updates, with the banks to the fore
Glencore gets investor vote of confidence after credit renewal
Shares rose after commodity giant signed a new revolving credit facility
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FTSE 100 ends Monday 116 points higher
The FTSE 100 closed out Monday at 5,824, some 116 points or 2% higher, as attentions remained on London.
Most followed: End of the line for Hornby boss
Bosses head for the exit at Hornby and at Alliance Trust but HSBC decides to stay put.
Investments and investor services
Footsie gains as stimulus hopes lift Japanese stocks
The FTSE 100 Index gained 93 points to 5801 as the Nikkei closed more than 1,000 points ahead
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HSBC stays in London but warns of rethink if things change
HSBC decided to stay in London due to the UK's "important and globally connected economy"
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FTSE100 closes up as Yellen signals rate rise caution
UK shares finished higher on Wednesday as European indices also rose and as Fed chair Janet Yellen outlined the Central Bank's take on the global economy. .
Bank rally lifts Footsie but UK industrial output disappoints
The FTSE 100 Index climbed 60 points to 5692 as banks regained their poise
FTSE 100 finishes Tuesday 1% lower
The FTSE 100 Index gave up early gains as banks fell but AstraZeneca was among the risers
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RBS and Santander hit by new PPI provisions and writedowns
RBS also put aside £1.5bn in relation to various US residential mortgage-backed securities litigation claims
Banks lead Footsie lower on reports of higher PPI bill
The FTSE 100 Index was 10.8 points adrift at 5889.17p as oil prices continued their downward trend
Investments and investor services
City analysts deliver good news for Royal Mail
Royal Mail, BAE Systems, Sainsbury / Home Retail, Kingfisher, Next, HSBC and Direct Line were all in the broker spotlight on Wednesday.
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FTSE 100 makes headway despite miners millstone
It was a bad day for mining companies as mineral prices crumbled, but a good one for UK oil & gas players
FTSE100 climbs; Paddy Power-Betfair gets the green light
Leading the way on the index was Standard Chartered
Risers & Fallers: Amur Minerals, Immupharma, Rosslyn Data and more...
Below are the main news-driven share price movements at 4pm
Investments and investor services
FTSE 100 buoyed by banks
It was a stress-free day for the bulls as the banks bounced higher after the results of the Bank of England's stress tests
Banks lift Footsie but relegation fears dog Morrisons
The FTSE 100 Index increased 32.8 points to 6388.89 at lunchtime
Investments and investor services
Banks boost London's blue-chips
RBS and Standard Chartered rose despite failing to meet all the stress test targets
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Bank shares rise as investors welcome stress test results
RBS and Standard Chartered were found to be the weakest of seven major UK banks
Most followed: Robots could take your job warns BoE
Andy Haldane, the BoE’s chief economist, worked out up to 15mln of us could lose our jobs to robots in the coming decades.
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Former Diageo boss joins HSBC board
Paul Walsh will join the bank's board in January next year
Miners drive shares higher after upbeat Chinese economic data
The Footsie rose 39.57 points to 6314 while mainland European shares also gained
Red24's shares slide as interims disappoint
Lower revenue and higher costs saw profits slide in the first half
HSBC among London fallers as China woe weighs
The FTSE 100 Index fell 23.87 points to 6,337 at lunchtime
Investments and investor services
Downbeat Chinese manufacturing data hits Footsie
The FTSE 100 Index fell 25.5 points to 6335 in early trading
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HSBC profits rise but currency volatility weighs
HSBC pre-tax profits lifted 32% to $6.1bn in the three months to September 30
Week ahead: Marks aims to emulate Next's success
Marks reports on Wednesday, while a host of other companies report alond with a slew of economic data.
Barclays, HSBC, RBS agree forex-rigging payments
The UK banks are stumping up US$924mln, with Barclays charged the most of the three, at US$384.
Broker spotlight: Optimism cooling on financial sector
Banking results season is imminent, prompting a few brokers to take stock.
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Broker spotlight: Deutsche Bank turns positive on HSBC
Companies covered: HSBC, Learning Technologies Group, Sainsbury's, Tesco, Wolseley
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Broker spotlight: Wolseley takes a bath
Companies featured in the broker spotlight: Wolseley, SABMiller, Coca-Cola, UK banks, Tullow Oil
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Wolseley takes a bath
Companies featured in the broker spotlight: Wolseley, SABMiller, Coca-Cola, UK banks, Tullow Oil
Gold eases as Swiss investigate gold price fixing
Switzerland's Weko watchdog is looking into seven banks.
Investments and investor services
FTSE 100 ends lower following afternoon blip
In London, the FTSE100 ended 82 points lower to 6,104, after a bizarre moment earlier in the day.
Unusually big share trade sparks London trading halt
So-called "basket trade" caused 60-point plunge in FTSE 100 Index
Investments and investor services
Barclays and Lloyds cut, BNP says there's "no place to hide"
Barclays, Lloyds, HSBC, William Hill, BP, RIO, Avation and Talk Talk were all in Tuesday’s broker spotlight
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Barclays, RBS and others settle U$2bn currency-rigging lawsuits
The banks settled with US investors, agreeing to a payout which takes the overall total paid to the investors to US$2bn (£1.28bn) from nine banks.
FTSE 100 ends Friday on a downer
Producer Prices data gave a lift to US prices after a tepid start
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HSBC confirms Brazil disposal, results well received
Detailed work has started meanwhile on whether HSBC remains based in the UK.
Investments and investor services
FTSE 100 lower as China slowdown continues
In the UK, miners suffered on the news of the slowdown in the world’s second largest economy.
Investments and investor services
Week Ahead: HSBC - one last time before exiting stage right?
HSBC and Standard Chartered are often bracketed together because of their focus on Asian markets, and they continue their double-act this week.
Investments and investor services
Most followed: Toshiba, AO World, Barclays, HSBC, IG Group, Lloyds Banking, RBS, Shanta Gold
There are lots of departures being announced this morning, but Barclays is keeping mum over reports that it will be announcing more redundancies
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UK dividends hit record high in second quarter
Payouts excluding special dividends hit £28.3bn in the second quarter.
Prudential’s growth profile to be scrutinised, says City broker
Prudential, HSBC, Playtech and Halfords were all in Monday's broker spotlight
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Investors in Drax and challenger banks count cost of UK budget
Risers & Fallers budget special: featuring Drax, Aldermore, OneSavings Bank, Shawbrook, Virgin Money, Lloyds, Barclays, HSBC, RBS, Aviva, and all the housebuilders
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Talk of last minute Greek compromise lifts FTSE 100
Footsie was 29 points lower at 6,591 having clawed back ground on talk of a Greek compromise..
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Broker Spotlight – Brown Group, Fyffes, ASOS, HSBC, Shell, BP, Acal, Merlin and more
The magnitude of the Fyffes’ upgrade is significant, Davy says
Broker Spotlight – Fyffes, ASOS, HSBC, Shell, BP, PZ Cussons and more
Fyffes is top banana, while there are upgrades for ASOS, Shell, and Alton Towers owner Merlin
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Broker Spotlight – Imperial Tobacco, Ladbrokes, National Grid, HSBC, Flowgroup, Tungsten ...
Imperial Tobacco is back on the radar of Credit Suisse with an ‘outperform’ rating.