HSBC sweetens H1 results with $2bn share buyback
HSBC has reported higher profits over the first half of the year and announced a $2bn share buyback scheme, but investors remain cautious about the bank’s prospects.
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FTSE 100 surges after Shell and HSBC report
The FTSE 100 smashed the 7,270 mark on Thursday morning after Shell reported earnings growth and HSBC’s profits beat analyst expectations.
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Brewin Dolphin’s Nicol and five others made honorary CISI fellows
Brewin Dolphin chief executive David Nicol and HSBC group chairman Douglas Flint have been made honorary fellows by the Chartered Institute for Securities & Investment, joining four other professionals.
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Tucker to earn £1.5m as new HSBC chairman
HSBC shares spiked upwards by 0.87% to 627.6p in early trading as Mark Tucker was named the new group chairman designate at the banking group.
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Succession snaps up female-focused IFA in latest shopping spree
Acquisitive UK wealth manager Succession Group has added Independent Women to its list of recent purchases.
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HSBC forecast misses leave analysts split on its prospects
HSBC kicked off a week in which all the major British banks are due to report with several missteps in its final results, leaving analysts split on the stock’s prospects moving forward.
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EC hits JPM, HSBC and Credit Agricole with £413m fine
JPMorgan Chase, HSBC and Crédit Agricole have been hit with fines totalling €485m (£413m) by the European Commission for rigging Euribor rates.
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Psigma IM hires HSBC GAM man
Psigma Investment Management has hired Sanjeev Chopra from HSBC Global Asset Management.
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HSBC leads FTSE 100 higher despite profit slide
HSBC gained 4.88% in early trading as it reported its Q3 results, despite posting an 86% fall in profits for the period.
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French prosecutor pursues HSBC in €180bn tax fraud case
A French prosecutor has called for HSBC to stand trial for helping clients hide more than €180bn (£161.3bn, $199.8bn) in offshore tax havens from the country’s tax authorities, French news agency AFP has reported.
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New measures should extend India stock market’s rally
Reforms are gathering pace and will boost Indian share prices, according to Vikas Shah, portfolio manager and Indian equities specialist at Emerise.
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HSBC and Standard Chartered shares jump despite profit slides
Shares in HSBC jumped 3.6% on Wednesday despite it revealing a 29% slide in profits to $9.7bn for the first half.
