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United Kingdom

HSBC Holdings PLC (HSBA.L)

HSBA.L on London Stock Exchange

586.40GBp
23 Aug 2019
Change (% chg)

-7.30 (-1.23%)
Prev Close
593.70
Open
596.00
Day's High
596.90
Day's Low
586.40
Volume
30,375,003
Avg. Vol
20,957,561
52-wk High
695.90
52-wk Low
586.40

Latest Key Developments (Source: Significant Developments)

Nicolas Moreau To Be Named As Next CEO Of HSBC's $500 Bln Funds Arm- Sky News
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - :NICOLAS MOREAU WILL THIS WEEK BE NAMED AS THE NEXT CHIEF EXECUTIVE OF HSBC'S $500 BILLION ASSET MANAGEMENT BUSINESS -SKY NEWS.  Full Article

HSBC To Slash Thousands Of Jobs After Ousting - WSJ
Monday, 5 Aug 2019 

Aug 5 (Reuters) - :HSBC TO SLASH THOUSANDS OF JOBS AFTER OUSTING CEO; UP TO 2% OF THE BANK’S EMPLOYEES COULD LOSE THEIR JOBS - WSJ.  Full Article

HSBC Non-Executive Chairman Tucker Says 'Under No Circumstances' Would He Assume Executive Role After Exit Of CEO Flint
Monday, 5 Aug 2019 

HSBC Holdings PLC ::HSBC NON-EXECUTIVE CHAIRMAN TUCKER SAYS 'UNDER NO CIRCUMSTANCES' WOULD HE ASSUME EXECUTIVE ROLE AFTER EXIT OF CEO FLINT.  Full Article

HSBC Holdings PLC Posts H1 Adjusted Profit Before Tax At $12,516 Million
Sunday, 4 Aug 2019 

Aug 5 (Reuters) - Hsbc Holdings Plc ::H1 ADJUSTED PROFIT BEFORE TAX $12,516 MILLION VERSUS $11,723 MILLION.AS AT END H1, COMMON EQUITY TIER 1 RATIO UP 30BPS FROM 31 DECEMBER 2018 TO 14.3%.H1 REPORTED PROFIT BEFORE TAX $12,407 MILLION VERSUS $10,712 MILLION.DECLARED A SECOND INTERIM DIVIDEND OF $0.10 PER ORDINARY SHARE IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2019.INTEND TO INITIATE A SHARE BUY-BACK OF UP TO $1BN.H1 REPORTED REVENUE $29,372 MILLION VERSUS $27,287 MILLION.CONTINUE TO TARGET A ROTE ABOVE 11% IN 2020.H1 ADJUSTED REVENUE $28,495 MILLION VERSUS $26,381 MILLION.GIVEN PREVAILING OUTLOOK FOR INTEREST RATES & REVENUE HEADWINDS IN GB&M AND RBWM, DO NOT EXPECT TO ACHIEVE 6% ROTE TARGET IN THE US BY 2020.EXPECT SOME RECOVERY FROM FIRST-HALF MARKET CONDITIONS IN GB&M IN THE SECOND HALF OF 2019 AND INTO NEXT YEAR.H1 NET INTEREST MARGIN 1.61% VS 1.66% LAST YEAR.AS AT 30 JUNE 2019, HSBC HAS RECOGNISED A PROVISION OF $629M TOWARDS TAX-RELATED INVESTIGATIONS.  Full Article

HSBC Holdings Says John Flint Has Stepped Down As Group Chief Executive
Sunday, 4 Aug 2019 

Aug 5 (Reuters) - HSBC HOLDINGS PLC <0005.HK>::JOHN FLINT HAS TODAY STEPPED DOWN AS GROUP CHIEF EXECUTIVE.DURING SEARCH PERIOD BOARD HAS ASKED NOEL QUINN TO ASSUME ROLE OF INTERIM GROUP CHIEF EXECUTIVE UNTIL A SUCCESSOR IS APPOINTED.JOHN FLINT TODAY STEPPED DOWN AS GROUP CHIEF EXECUTIVE.ON CEO CHANGE, SAYS "BOARD BELIEVES A CHANGE IS NEEDED TO MEET CHALLENGES THAT WE FACE & TO CAPTURE VERY SIGNIFICANT OPPORTUNITIES BEFORE US".  Full Article

HSBC Holdings Is Replacing Goldman Sachs As Its Broker A Decade After Its 12.5 Billion Stg Rights Issue - Sky News
Monday, 3 Jun 2019 

June 3 (Reuters) - :HSBC HOLDINGS IS REPLACING GOLDMAN SACHS AS ITS BROKER A DECADE AFTER ITS 12.5 BILLION STG RIGHTS ISSUE - SKY NEWS.  Full Article

HSBC Holdings Says Antonio Simoes Sold 20,000 Ordinary Shares At £6.5251
Tuesday, 14 May 2019 

May 14 (Reuters) - HSBC::ON MAY 10, ANTONIO SIMOES SOLD 20,000 ORDINARY SHARES OF US$0.50; SHARES WERE SOLD IN LONDON AT £6.5251.  Full Article

HSBC Says Pension Allowance Cash In Lieu For New Executive Director Reduced To 10 Pct Of Base Salary
Friday, 15 Mar 2019 

March 15 (Reuters) - 0005.HK <0005.HK>::HSBC - FOR ANY NEW EXECUTIVE DIRECTOR, CASH IN LIEU OF PENSION ALLOWANCE WILL REDUCE TO 10% OF BASE SALARY FROM ITS CURRENT LEVEL OF 30%.HSBC - GROUP REMUNERATION COMMITTEE HAS ENGAGED WITH A NUMBER OF ITS KEY SHAREHOLDERS REGARDING REMUNERATION POLICY FOR EXECUTIVE DIRECTORS.HSBC - ANNOUNCING CLARIFICATION OF NEW REMUNERATION POLICY TO REDUCE EXEC DIRECTOR PENSION CONTRIBUTIONS AFTER CONSIDERING OF EMERGING MARKET PRACTICE.HSBC-REMCO AGREED TO APPLY CHANGE TO PENSION CONTRIBUTION ELEMENT IN RESPECT OF EXISTING EXECUTIVE DIRECTORS,NEW EXECUTIVE DIRECTOR UNDER 2019 POLICY.  Full Article

HSBC Holdings Stake In Ophir Energy Now "Below Disclosure Threshold"
Friday, 8 Mar 2019 

March 8 (Reuters) - Ophir Energy::HSBC HOLDINGS STAKE IN OPHIR ENERGY IS NOW "BELOW DISCLOSURE THRESHOLD" FROM EARLIER STAKE OF 11.429 PERCENT- FILING.  Full Article

HSBC Holdings Declared Fourth Interim Dividend For 2018 US$0.21/Ordinary Shr
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - 0005.HK <0005.HK>::DECLARED A FOURTH INTERIM DIVIDEND FOR 2018 OF US$0.21 PER ORDINARY SHARE.  Full Article

WRAPUP 3-Banks call for order in Hong Kong as jewellers warn of trade fair dud

HONG KONG, Aug 22 Hong Kong banks published full-page newspaper ads calling for law and order in the Chinese-ruled city and international jewellers sought the rescheduling of a huge trade fair as weeks of pro-democracy protests showed no sign of let-up on Thursday.