(Alliance News) - BNP Paribas SA on Friday said its Securities Services business has entered an agreement with HSBC Holdings PLC to buy its custody and depositary bank business in Germany. Read More
(Alliance News) - Miners and defence stocks helped support the FTSE 100 on Thursday, shaking off a stronger pound, which serves as a headwind for the international earner-heavy index. Read More
Coats Group PLC - London-based manufacturer of materials for footwear and apparel - Hires investment banker Wu Gang as non-executive director, starting July 1. Gang currently serves on the boards of IG Group Holdings PLC, Tritax Big Box REIT PLC and Ashurst LLP. His executive experience includes roles at HSBC Holdings PLC, Goldman Sachs Group Inc and Rothschild & Co. Read More
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Gets a new EUR150 million unsecured revolving credit facility, with an initial three-year term. Says the facility has two one-year extension options and allows it to be upsized by up to an additional EUR100 million. The loan carries a margin of 120 basis points over short term Euribor, which is currently about 2%, leading to an interest cost of 3.2% if it were drawn down at existing rates. Read More
(Alliance News) - Mulberry Group PLC on Friday said it has taken steps to reduce its cost base as it hailed "progress" regarding its strategy which included exiting unprofitable stores. Read More
(Alliance News) - NatWest Group PLC has ruled itself out of bidding for UK high-street bank TSB Banking Group PLC, the Financial Times reported on Wednesday. Read More
(Alliance News) - Banco de Sabadell SA on Tuesday confirmed it has received interest from prospective buyers of its UK division TSB Banking Group PLC. Read More
(Alliance News) - The world's biggest banks significantly increased their fossil fuel finance in 2024, according to an analysis. Read More
(Alliance News) - Kevin Sneader, a former chief of global consulting firm McKinsey & Co, "has been approached" about potentially becoming chair of HSBC Holdings PLC, Sky News reported on Friday Read More
(Alliance News) - Kevin Sneader, a former chief of global consulting firm McKinsey & Co, "has been approached" about potentially becoming chair of HSBC Holdings PLC, Sky News reported on Friday Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - Stocks were called to open higher on Tuesday, following claims that trade talks between US President Donald Trump and Chinese President Xi Jinping are imminent. Read More
(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