(Alliance News) - Competition between major banks to attract affluent customers has intensified, with HSBC Holdings PLC on Wednesday launching a switching incentive for new Premier customers in the UK. Read More
Derwent London PLC - London-based property investor and developer - Raises GBP250 million through a 7-year sterling-denominated senior unsecured bond with a 5.25% coupon. The proceeds will be used to repay debt, refinance near-term maturities, and support its development pipeline, including the GBP150 million Holden House W1 project. The bonds are expected to be rated A- by Fitch and will trade on the London Stock Exchange. Read More
Braime Group PLC - Leeds, England-based metal press work manufacturer - Executes loan agreement with HSBC Holdings PLC for a GBP2 million loan to finance the oil can roof replacement at its headquarters in Leeds. The loan incurs an interest rate of 2.5% above the Bank of England base rate and is for the shorter period of either 18 months or the completion of the roof project. Says it intends to convert the loan to a five-year loan on completion of the roof project, on terms yet to be agreed. Read More
(Alliance News) - Stocks in London made strong gains on Tuesday, shrugging off hawkish comments from a leading Bank of England official, as well received earnings set the upbeat tone. Read More
(Alliance News) - Rachel Reeves, the chancellor, has told UK bank bosses she is "open-minded" about reforming the industry's ring-fencing regime amid a concerted push to abolish the most significant regulatory burden introduced after the financial crisis, Sky News reported on Tuesday. Read More
(Alliance News) - Chesnara PLC is exploring a potential acquisition of HSBC Holdings PLC’s life insurance business in the UK, Bloomberg reported on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Stocks in London climbed, while the pound sank against the dollar, after the US and China struck a better-than-hoped trade deal. Read More
HSBC Holdings PLC - London-based bank - Says it will start a share buyback programme worth up to USD3.00 billion on Wednesday. The bank says the programme will end no later than July 25, and will be run by Morgan Stanley. HSBC says the purpose of the buyback is to reduce its outstanding ordinary shares. Read More
(Alliance News) - HSBC Holdings PLC has warned over the shift in global trade relations as posing "serious potential risks" to growth, as the bank navigates a series of "unknowns" over the economic outlook. Read More
HSBC Holdings PLC - London-based bank - HSBC Chair Mark Tucker intends to retire from his role as chair before the end of 2025. He has served as chair since October 2017. The company has started the process to find a new chair. Senior Independent Director Ann Godbehere says: "The board is conducting a thorough process to identify the best candidate to lead the board, and support group Chief Executive Officer Georges Elhedery, and the wider management team, through the next period of development and growth for the bank. I am delighted that Mark will remain as a strategic adviser to the group CEO and the board whilst the succession process for a permanent chair continues." Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The FTSE 100 extended its winning run to twelve on Tuesday despite mixed earnings and more weak US economic data. Read More
(Alliance News) - Stocks were called higher on Tuesday, while new UK reports showed that UK food price inflation accelerated in April, retail HR directors expect a new Employment Rights bill to dent hiring, and rents both in and outside London continue to rise. Read More
(Alliance News) - Stocks in London are set to open higher on Tuesday, ahead of the pending US trade and consumer confidence data. Read More
(Alliance News) - HSBC Holdings PLC on Tuesday reported a drop in profit for the first quarter and announced a new share buyback programme while slashing its dividend. Read More