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United Kingdom

Standard Chartered PLC (STAN.L)

STAN.L on London Stock Exchange

647.10GBp
10:09am BST
Change (% chg)

-4.00 (-0.61%)
Prev Close
651.10
Open
649.50
Day's High
651.70
Day's Low
646.80
Volume
508,560
Avg. Vol
7,509,180
52-wk High
864.20
52-wk Low
642.90

Latest Key Developments (Source: Significant Developments)

Standard Chartered Says UK Bank Levy Estimated To Be Around $310 Mln
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Standard Chartered Plc ::EXPENSES IN SECOND HALF OF 2018 EXCLUDING UK BANK LEVY ARE EXPECTED TO BE SIMILAR TO FIRST HALF OF YEAR.UK BANK LEVY IS CHARGED IN DECEMBER & ESTIMATED TO BE AROUND $310 MILLION.REMAINS VIGILANT IN RELATION TO THE IMPACT OF CURRENT AND POTENTIAL FURTHER TRADE TARIFFS INTRODUCED BY CHINA, THE US AND THE EU.  Full Article

Standard Chartered HY Underlying Profit Before Tax $2.4 Bln, Up 23 pct
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Standard Chartered Plc ::HY UNDERLYING PROFIT BEFORE TAX OF $2.4 BLN WAS UP 23%.HY OPERATING INCOME OF $7.6 BLN WAS UP 6%.AT HALF-YEAR END, COMMON EQUITY TIER 1 RATIO 14.2%.HY STATUTORY PROFIT BEFORE TAX OF $2.3 BLN.HY CREDIT IMPAIRMENT OF $293 MILLION WAS 50% LOWER YEAR-ON-YEAR.HY OPERATING EXPENSES ROSE 7% TO $5.1 BLN.HY NET RESTRUCTURING CHARGES OF $79 MILLION RELATED PRIMARILY TO PRINCIPAL FINANCE AND ONGOING REDUCTION OF LIQUIDATION PORTFOLIO."MACROECONOMIC ENVIRONMENT...CHALLENGED BY INCREASING UNCERTAINTY RESULTING FROM ESCALATING TRADE FRICTIONS AND GEOPOLITICAL RISKS".INTERIM DIVIDEND RESUMED AT 6 CENTS PER SHARE.REMAINS CAUTIOUSLY OPTIMISTIC ON GLOBAL ECONOMIC GROWTH.CONTINUE TO EXPECT THAT EXPENSES WILL GROW BELOW INFLATION OVER MEDIUM TERM."REMAIN CONFIDENT THE STRATEGY WILL DELIVER A RETURN ON EQUITY GREATER THAN 8% IN THE MEDIUM TERM".IN HY, ROE IMPROVED 150 BASIS POINTS TO 6.7 PERCENT.  Full Article

Standard Chartered Private Equity To Buy Naspers' Stake In India's TBO Group
Wednesday, 18 Jul 2018 

July 18 (Reuters) - :STANDARD CHARTERED PRIVATE EQUITY TO ACQUIRE NASPERS' STAKE IN INDIA'S TBO GROUP.  Full Article

Hong Kong SFC Bans Former Responsible Officer At StanChart (Hong Kong) From Re-Entering Industry
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Hong Kong Securities and Futures Commission::HONG KONG SECURITIES AND FUTURES COMMISSION SAYS IT BANS JOSEPH HSU KAR HING, FORMER RESPONSIBLE OFFICER OF STANDARD CHARTERED SECURITIES (HONG KONG) LIMITED, FROM RE-ENTERING THE INDUSTRY FOR THREE YEARS FROM 6 JULY 2018 TO 5 JULY 2021.  Full Article

Asia Development Capital to merge with unit
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Asia Development Capital Co Ltd <9318.T> ::Says it plans to merge with its 80.22 percent owned cross border EC site operation unit, on July 31.Says 1 yen per share for remaining shares held by the other individual shareholders of the unit .Says the unit will be dissolved after transaction .  Full Article

Stanchart Seeking Investors To Purchase Remaining $1.5 Bln Of Private Equity Assets - Bloomberg
Thursday, 10 May 2018 

May 10 (Reuters) - :STANCHART SEEKING INVESTORS TO PURCHASE REMAINING $1.5 BILLION OF PRIVATE EQUITY ASSETS, BACK SPIN-OFF OF 55-STRONG TEAM RUNNING BUYOUT BUSINESS - BLOOMBERG.CREDIT SUISSE HAS STARTED PITCHING STANCHART TRANSACTION TO POTENTIAL SUITORS, INCLUDING OTHER BUYOUT FIRMS IN ASIA - BLOOMBERG.  Full Article

Rothesay Life Appoints Naguib Kheraj As Chairman
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Rothesay Life:ROTHESAY LIFE-APPOINTS NAGUIB KHERAJ AS CHAIRMAN.ROTHESAY LIFE- KHERAJ WILL SUCCEED RAY KING WHO HAS BEEN ON THE BOARD SINCE 2014 AND CHAIRMAN SINCE MARCH 2016.  Full Article

Former head of private banking of SCB China charged with accepting bribe - ICAC
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Hong Kong Independent Commission Against Corruption : :SAYS RYAN GWEE YUAN-KERR, FORMER HEAD OF PRIVATE BANKING OF STANDARD CHARTERED BANK (CHINA) LIMITED, HAS BEEN CHARGED BY ICAC WITH ACCEPTING A BRIBE OF HK$150,000 ($19,176.68) FOR HANDLING ACCOUNTS.  Full Article

Standard Chartered Bank Appoints Regional Head, Global Banking, Greater China and North Asia
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Standard Chartered Bank <2888.HK>::SAYS IT APPOINTS ANDREW AU AS REGIONAL HEAD, GLOBAL BANKING, GREATER CHINA AND NORTH ASIA, WITH EFFECT FROM JAN 29.  Full Article

Hong Kong SFC Reprimands And Fines Standard Chartered Securities (Hong Kong) Limited
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Hong Kong Securities and Futures Commission::HONG KONG SFC SAYS REPRIMANDS AND FINES STANDARD CHARTERED SECURITIES (HONG KONG) LIMITED HK$2.6 MILLION ($332,625.44) FOR INTERNAL CONTROL FAILURES RELATING TO SHORT SELLING ORDERS AND BREACH OF THE SECURITIES AND FUTURES (FINANCIAL RESOURCES) RULES.  Full Article

UPDATE 1-MTN Nigeria signs 200 bln naira loan to expand network

LAGOS, Aug 16 MTN Nigeria has signed a 200 billion naira ($636 million) loan with a consortium of 12 lenders to fund capital expenditure and working capital, it said on Thursday.