Mid-size firms in Britain beat the Mittelstand March 2, 2015 MID-SIZED firms contribute more to the UK than the famed Mittelstand does to Germany’s economy, HSBC analysts said today. Critics of Britain’s economy frequently argue that the country needs to emulate Germany, with a wider base of mid-sized businesses to generate growth. But HSBC argues that the UK is already there. Its analysis shows mid-market [...]
City Moves for 10 June 2015 | Who’s switching jobs June 9, 2015 Lloyds Bank Commercial Banking Adrian White has been appointed chief operating officer, commercial banking at the bank. He was previously managing director and head of SME banking. White has over 30 years’ experience in the banking industry. Rothschild Peter Hindle has been appointed director in Rothschild’s wealth management business. He joins from Credit Suisse, where [...]
Labour must re-embrace the City of London for the benefit of all society July 21, 2015 AS HSBC mulls over whether to leave the UK, it’s time for Londoners to re-embrace the City of London. Indeed, if I was mayor, I would be campaigning for major banks to stay headquartered here, unlike the current mayor. The jobs they offer directly and indirectly matter, but the damage to London’s reputation if they [...]
HSBC among banks accused of manipulating price of silver July 27, 2014 HSBC, Deutsche Bank and the Bank of Nova Scotia have been accused of rigging the price of silver. According to J Scott Nicholson, an investor who filed a lawsuit against them in the US, the banks abused their position of controlling the daily silver benchmark by unlawfully manipulating it to reap illegitimate rewards from [...]
Apple Pay in the UK: These are the retailers and restaurants signed up for the July launch June 9, 2015 Some of the UK's biggest retailers are lining up to start accepting Apple Pay when it launches in the UK next month. As well as being able to use your iPhone or Apple Watch to seamlessly glide through ticket barriers on the Tube, the Silicon Valley giant has its finger hovering over the button [...]
London Report: FTSE steadies as investors buy into HSBC stock August 4, 2014 BRITAIN’S top share index steadied after three straight days of falls yesterday, propped up by HSBC as investors bought into the bank’s beaten-down shares after it posted first-half results. The index heavyweight rose 0.9 per cent in spite of a 12 per cent drop in pre-tax profits in the six months to the end of [...]
HSBC expected to set aside extra £75m for PPI August 4, 2014 HSBC is readying itself for a second wave of charges as the industry's bill for the mis-selling of payment protection insurance (PPI) swept past £23bn. The bank is expected set aside an extra £75m, with the exact amount given in its half-yearly results, released at 9:15 this morning. The extra funds put the total payments for [...]
Pinewood studios in £200m expansion March 31, 2015 PINEWOOD studios is going to market to raise £30m as part of an ambitious £200m expansion plan for its Buckinghamshire base. On top of a rights issue, the studio said yesterday that a banking consortium including HSBC and Lloyds had put up £135m of credit as part of plans to double its site size. The [...]
Manufacturers in China report less business April 23, 2015 CHINA’S manufacturers reported a slowdown in business this month, weighing further on the country’s growth expectations. The purchasing managers’ index, (PMI) compiled by Markit and HSBC, dropped to 49.2 from March’s 49.6, according to figures released yesterday. Scores below 50 signify a contraction. Yesterday’s survey showed a rise in new export orders, which may be [...]
Banks are back: How the UK’s banking sector got its mojo back as dividend payments rise March 26, 2015 The UK’s banks are back on form and could be the best place to invest for good and growing dividends. British banks such as Lloyds, HSBC and Barclays were once the best places to invest for solid dividends. Ten years ago, banks provided a quarter of all dividends in the UK market, according to figures [...]