LONDON BROKER RATINGS: Citigroup cuts Admiral Group to 'sell'
13th Jun 2023 08:45
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: Read More
(Alliance News) - Further interest rate rises "cannot be ruled out" amid decades-high inflation in the UK, a Bank of England policymaker said. Read More
(Alliance News) - HSBC Holdings PLC on Monday launched HSBC Innovation Banking, its rebrand of Silicon Valley Bank UK, which HSBC bought following the collapse of its US parent earlier this year. Read More
IG Design Group PLC - Newport Pagnell, England-based designer and manufacturer of celebrations products, including greetings cards, gift wrap, Christmas crackers, gift bags and partywares - Negotiates a three-year refinancing of its lending facilities with HSBC Holdings PLC and NatWest Group PLC for USD125 million. Company also extends its overdraft facility with HSBC. The new facility replaces its previous revolving credit facilities agreed in 2019. Says the facility provides "more than sufficient" headroom to fund its working capital needs over the three years. Read More
(Alliance News) - Stock prices in London were down at midday Wednesday, ahead of a vote on the US debt ceiling bill. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Agrees new USD40 million revolving credit facility with HSBC Holdings PLC on a four-year term ending May 2027, accompanied by a USD20 million accordion option. Newly agreed facility replaces accesso Technology's previous undrawn GBP18 million arrangement with Investec PLC and Ltd from March 2021, which was due to expire in March 2024. This facility has now been cancelled. Says HSBC facility is accompanied by a USD20 million accordion option, which it may utilise as it "pursues its strategic plan into the mid-term". Says Numis Corp PLC acted as its debt advisor to the transaction. Read More
(Alliance News) - HSBC Holdings PLC will announce plans to rebrand Silicon Valley Bank UK, after it rescued the bank following the collapse of its US parent earlier this year, Sky News reported on Monday. Read More
(Alliance News) - The UK competition watchdog on Wednesday said it has provisionally found five banks guilty of breaking competition law on UK bonds over a decade ago, and it may issue fines in due course. Read More
(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing. Read More
(Alliance News) - After winning over investors in a key vote on its future, HSBC Holdings PLC on Monday set out targets for its Asia business, which had been at the centre of calls for a separation from shareholders. Read More
(Alliance News) - Stock prices in London were largely higher at midday on Monday and the pound held firm against the dollar, with the FTSE 100 boosted by a strong performance by mining stocks. Read More
(Alliance News) - HSBC Holdings PLC on Monday said it is aiming for revenue and lending growth in Asia over the medium term. Read More
(Alliance News) - In the first quarter of 2023, mainstream UK banks consistently delivered profits ahead of consensus expectations, meaning the sector remains attractive, according to research from Shore Capital. Read More
(Alliance News) - LendInvest PLC on Thursday said BNP Paribas SA joined its GBP300 million financing syndicate with HSBC Holdings PLC and Barclays PLC to support growth of its short-term mortgages. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - The FTSE 100 is expected to open marginally higher on Wednesday, following positive updates from some UK blue-chip companies and ahead of a US consumer price index reading. Read More
Renold PLC - Derby, England-based supplier of industrial chains and power transmission products - Extends core banking facilities with new facilities for initial three-year term to May 2016 from original maturity in April 2024. New facilities have option to extend term for further two years. Increases amount to new GBP85.0 million multi-currency revolving credit facility, up from GBP61.5 million. There is also a GBP20.0 million accordion option for additional funding in support of its acquisition programme. Facilities will be provided by its existing banks HSBC Holdings PLC, Allied Irish Banks and Citibank, alongside the addition of Banco Santander SA. Read More
(Alliance News) - HSBC Holdings PLC earned a vote of confidence from shareholders, as a key poll which proposed splitting the bank was rejected at Friday's annual general meeting. Read More
(Alliance News) - HSBC Holdings PLC's leadership set out a confident outlook, amid recent turmoil in the banking sector, and once again urged shareholders to vote down a proposed restructuring from a major shareholder at its annual general meeting on Friday. Read More