DEBATE: Has the row over Xavier Rolet’s departure damaged the London Stock Exchange? November 30, 2017 Has the row over Xavier Rolet’s departure damaged the London Stock Exchange? Estelle Clark, director of policy at the Chartered Quality Institute, says YES. The behaviour of everyone involved is akin to schoolboys in the prefect room. For the board of the London Stock Exchange (LSE) to believe that they could announce a chief executive’s [...]
Here’s why HSBC’s share price is up when its profits are down November 7, 2016 Despite reporting an 86 per cent slide in statutory pre-tax profits this morning, shares in HSBC have soared and are trading up five per cent at 624.4p at time of writing. Why are investors so enthusiastic when profits are plummeting? HSBC's bottom line is being dragged down by hefty one-off hits, such as the disposal of [...]
Investec and Banco Sabadell are backing hot UK fintech startup Bud with £1.5m October 24, 2017 Investec and Banco Sabadell, the owner of TSB, are backing a UK fintech startup which is creating platforms to help people manage their finances. Bud has raised £1.5m from investors, led by the FTSE 250 asset manager and InnoCells, the Spanish Bank’s digital venture arm. Also participating in the early stage round is Force Over [...]
These are the world’s 50 most valuable brands of 2017 September 25, 2017 Apple and Google have once again take the two top spots in a list of the world’s 100 most valuable brands, according to rankings by consultancy group Interbrand. Five UK firms made into into the 2017 best global brands list. These were Burberry, HSBC, Land Rover, Smirnoff and Johnnie Walker. This is the fifth consecutive [...]
Apple, Google and Microsoft top list of the 100 most valuable brands September 25, 2017 Apple and Google have once again take the two top spots in a list of the world’s 100 most valuable brands, according to rankings by consultancy group Interbrand. Five UK firms made into into the 2017 best global brands list. These were Burberry, HSBC, Land Rover, Smirnoff and Johnnie Walker. This is the fifth consecutive [...]
Chancellor Philip Hammond has raided HSBC for a new special adviser October 9, 2016 Chancellor Philip Hammond has recruited HSBC's chief European economist as a key adviser. Karen Ward will join the Treasury to serve as Hammond's special economic adviser. Prior to joining the government, Ward had been at HSBC for more than a decade, and her appointment comes as Hammond prepares for his first fiscal event as chancellor [...]
Citi and JP Morgan top regulators’ list of systemically important banks, as HSBC and Barclays move to lower tier November 21, 2016 Citigroup has joined JP Morgan Chase as one of the world's top two "systemically important banks", according to an updated list published today by the Financial Stability Board (FSB). Banks in the top tier will have to hold 2.5 per cent of their assets as buffer capital in case of another crisis. This means that US [...]
HSBC is the new sponsor of British Cycling replacing Sky September 18, 2016 HSBC will become the lead sponsor of British Cycling replacing Sky in a new deal . The group is credited with creating superstar athletes such as record breaking gold medal winners Laura Trott and Jason Kenny and Tour de France and Olympic champion Bradley Wiggins in recent years. "We are extremely proud to be working in partnership with British Cycling," [...]
This might be the reason HSBC’s shares are up despite profits going down August 3, 2016 HSBC did not perform particularly well financially during the first half of 2016, revealing this morning that pre-tax profits dropped 29 per cent. The picture was even bleaker on a quarterly basis, where profits plunged 45 per cent, failing to meet analysts' already glib expectations of a 40 per cent drop. However, there was some [...]
How HSBC plans to save small businesses £13m a year October 4, 2016 HSBC has today announced it is reviewing banking tariffs for all UK business customers with turnovers of up to £2m, saving small firms across the country £13m a year in unnecessary charges. The review has been brought about by HSBC's Electronic Banking Tariff, which recently increased its turnover threshold from £500,000 to £2m. Around 190,000 HSBC [...]