LONDON (Alliance News) - <strong>HSBC Holdings</strong> Wednesday reported a 20% drop in first-quarter pretax profit, driven by a weak performance Asia, Latin America and its investment bank, that was only partially offset by lower impairment charges and continued cost cutting.<br /><br />In a Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.<br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>Legal & General</strong> Group, up 3.2%. The group said it expects to write more Read More
(Clarifying misleading headline in an item published at 10:45 BST. The correct version follows.) LONDON (Alliance News) - The FTSE 100 is trading lower Wednesday, extending the modest losses it posted on Tuesday, as investors take their cues from a negative Asian session amid a dearth of fr Read More
LONDON (Alliance News) - The following is a summary of top news stories Wednesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>HSBC Holdings</strong> PLC reported a 20% drop in first-quarter pretax profit driven by a poor performance in its heartland of Asia, p Read More
LONDON (Alliance News) - HSBC Holdings PLC Wednesday reported a 20% drop in first-quarter pretax profit driven by a poor performance in its heartland of Asia, partially offset by lower impairment charges and expenses, as the bank continued to cut costs and become more efficient. In a statem Read More
LONDON (Alliance News) - UK stocks are trading lower Wednesday, extending the modest losses posted on Tuesday, as investors take their cues from a negative Asian session amid a dearth of fresh UK macroeconomic data. By mid-morning, the FTSE 100 is down 0.3% at 6,779.58, the FTSE 250 is down Read More
LONDON (Alliance News) - HSBC Holdings PLC Wednesday reported a 20% drop in first-quarter pretax profit amidst a continuation of the bank's strategic efforts to cut costs and focus on businesses with good returns. In a statement, the UK's largest bank by market capitalisation said first-qua Read More
LONDON (Alliance News) - UK stocks are set to follow their Asian and US counterparts lower Wednesday after the FTSE 100 snapped a five-day losing streak to close modestly lower on Tuesday. Major European indices all closed in negative territory on Tuesday, with the FTSE 100 closing down 0.4 Read More
LONDON (Alliance News) - HSBC Holdings PLC Tuesday, said that its indirect wholly-owned subsidiary HSBC Bank Australia Ltd, has signed an agreement to sell its Woolworths white label credit card portfolio in Australia to Macquarie Bank Ltd. The company said that as a result of the disposal, Read More
LONDON (Alliance News) - HSBC Holdings PLC Tuesday said non-executive Director John Lipsky acquired 59 American Depositary Shares at USD51.235 each as part of a dividend reinvestment Friday. Following this transaction, Lipsky now holds 3,164 ADS. HSBC shares closed down 0.3% at 604.10 Read More
LONDON (Alliance News) - The FTSE 100 lost ground Tuesday, snapping a five day winning streak as investors returned from a long weekend, over which the conflict in Ukraine continued to escalate, to some disappointing corporate news from the likes of <strong>Barclays</strong> and <strong>Balfou Read More
LONDON (Alliance News) - Earthport PLC, the AIM-listed cross-border payments company, Tuesday said it has won a "multi-year global contract" with HSBC Holdings PLC, with a "significant" minimum revenue commitment, adding to a stream of deals in recent months. HSBC, the UK's biggest bank by Read More
LONDON (Alliance News) - HSBC Holdings PLC Friday said Peter Wong, chief executive of The Hongkong and Shanghai Banking Corp Ltd, and his wife acquired a total of 20,281 shares via a scrip dividend at a price of USD9.9254 per share on Wednesday. HSBC shares closed 0.3% lower Friday at 605.7 Read More
LONDON (Alliance News) - HSBC Holdings PLC Thursday said that the following employees acquired shares under a HSBC share plan at a price of USD9.9254 per share on April 30, alongside other transactions. Group Head of Internal Audit Pam Kaur acquired 2,805 shares on April 30 at USD9.9254 per Read More
LONDON (Alliance News) - London's major stock indices closed higher and the pound reached a fresh multi-year high against the dollar Thursday, as UK data showed the manufacturing sector expanding quickly and the housing market continuing to boom.<br /><br />The UK's main stock indices opened h Read More