(Alliance News) - The FTSE 100 outperformed European peers on Wednesday as markets weigh future interest rate expectations ahead of the Federal Reserve's decision later in the day. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Stock prices in London opened largely flat on Wednesday and lagged a rally in Europe, as J Sainsbury was hit after the Qatari sovereign wealth fund sold some of its stake. Read More
(Alliance News) - HSBC promotes its interim chair to the permanent position, Smiths Group agrees to sell Smiths Detection at an enterprise value of GBP2.0 billion and Paragon Banking raises its total dividend. Read More
(Alliance News) - Stocks in London are set to open marginally higher on Wednesday, after HSBC Holdings PLC promoted its interim chair to the permanent position after a long search process. Read More
(Alliance News) - Brendan Nelson has been appointed group chair of HSBC Holdings PLC, the banking firm said. Read More
(Alliance News) - Stock prices in London were mixed at midday on Tuesday, with bank gains helping to steady the market. Read More
(Alliance News) - Stock prices in London opened slightly higher on Tuesday, with bank shares offering early support as European markets nudged upward. Read More
(Alliance News) - The Bank of England on Tuesday lowered its estimate of how much capital UK banks require after the country's seven largest lenders passed its latest stress test. Read More
(Alliance News) - UK house price inflation eases in November but edges higher month-on-month, Nationwide says, while Endeavour Mining sets a five-year target to discover up to 15 million ounces of new resources. Read More
HSBC Holdings PLC - London-based bank focused on Asia - HSBC receives a series of consents from the Hong Kong government required to complete its proposed acquisition of the remainder of subsidiary Hang Seng Bank Ltd. Back in October, HSBC offered to buy out minority shareholders in the Hong Kong-listed lender. HSBC offered HKD155, around USD19.92, per share for the 37% of Hang Seng Bank it does not already own. The offer values Hang Seng Bank at HKD290.31 billion, and HSBC's holding at HKD106.16 billion, or USD13.62 billion. Hang Seng Bank shares closed at HKD152.00 on Thursday. The consents relate to dealings in structured products, agency securities lending, market-making in Hang Seng Bank shares, management of passive index-tracking funds, and dealings as executor and discretionary trustee of a deceased's estate. HSBC separately says the scheme document for the acquisition will be issued by December 17. Read More
Harworth Group PLC - Rotherham, South Yorkshire-based regenerator of land for sustainable development - Signs a new GBP275 million revolving credit facility with existing lenders, replacing its existing GBP240 million facility. It includes an uncommitted accordion option that would take the RCF to GBP325 million, notes Harworth. It says it holds an improved margin of 200 basis points over the sterling overnight index average, or Sonia, and possesses an initial four-year term which can be extended to five years. Harworth notes the syndicate includes its existing relationship banks, NatWest Group PLC, Banco Santander SA and HSBC Holdings PLC, with the potential to add more lenders. Adds that the new facility extends its debt maturity by around two and a half years. Read More
(Alliance News) - Commonwealth Bank of Australia on Wednesday said it has hired Ranil Boteju from Lloyds Banking Group PLC to serve as chief artificial intelligence officer. Read More
(Alliance News) - Knights Group Holdings PLC on Friday said it expects to deliver increased interim revenue and profit in line with full-year expectations, as it noted the expansion of its business. Read More
(Alliance News) - Canal+ SA on Friday said it may offer a five-year senior unsecured bond in its "inaugural" transaction of this type. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Britain's biggest bank HSBC Holdings PLC was called "a major sinner" over China in Parliament, as concerns were raised over former Conservative chancellor George Osborne being in the running to head up the financial services giant. Read More
(Alliance News) - Stocks slumped on Tuesday as the risk-off mood intensified amid tech valuation worries and interest rate uncertainty. Read More
Metlen Energy & Metals PLC - Athens-based aluminium producer and electricity generator - Plans for a EUR500 million senior notes offering as the group seeks to refinance debt and strengthen its balance sheet. The company hires BNP Paribas SA, Citigroup Inc, HSBC Holdings PLC and Morgan Stanley as joint global coordinators to arrange a series of fixed-income investor meetings across Europe beginning Monday. Metlen says proceeds will be used to repay existing indebtedness, support general corporate purposes, and cover fees and expenses related to the offering. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More