LONDON (Alliance News) - HSBC Holdings PLC Friday said it has agreed to sell its banking business in Pakistan to Meezan Bank Ltd, as the global banking giant continues to scale back in areas it considers to be non-core to its strategy. The deal, which requires regulatory and shareholder app Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />UBS CUTS HSBC PRICE TARGET TO 630 (665) PENCE - 'NEUTRAL' <br />----------<br />LBBW CUTS HSBC PRICE TARGET TO 650 (690) PENCE Read More
LONDON (Alliance News) - Standard Chartered PLC Thursday reported a fall in operating profit for the first quarter, amid a challenging external environment. Group income dropped during the period, hurt by local currency weakness. Peter Sands, Group Chief Executive, said, "Despite a somewhat Read More
LONDON (Alliance News) - Standard Chartered PLC Thursday reported a fall in operating profit for the first quarter, amid a challenging external environment. Group income dropped during the period, hurt by local currency weakness. Peter Sands, Group Chief Executive, said, "Despite a somewhat Read More
LONDON (Alliance News) - UK stocks closed lower Wednesday, with the FTSE 100 ending down for a second consecutive day as investors digested some disappointing macro economic data from Asia and a batch of mixed earnings from individual UK stocks. <br /><br />The FTSE 100 ended every day of last Read More
LONDON (Alliance News) - HSBC Holdings PLC Wednesday reported a 20% drop in first-quarter pretax profit, driven by a weak performance in Asia, Latin America and in its investment bank that was only partially offset by lower impairment charges and continued cost cutting. In a statement, HSBC Read More
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