Hsbc Share Discussion Threads

[geckotheglorious] 17/6/2024 18:58

"Genuine living wage"

labour needs to send some bigwigs over to California to see the impact of gruesome Newsome's sky high minimum wage on employment.

Clue - mass firings!

[bargainsniper] 17/6/2024 16:26

Labour risks higher mortgage bills and worse unemployment, says HSBCA Labour victory at the general election could lead to growth in unemployment and higher interest rates for mortgage borrowers, HSBC has warned.The lender said that Labour's plans for a "genuine living wage" risk driving up labour costs for employers, potentially forcing some businesses to cut jobs.Alternatively, it could mean companies are forced to raise prices, which in turn would mean the Bank of England keeps interest rates higher to combat inflation.Labour is proposing a minimum wage which takes into account the cost of living, which it would extend to all adults, not just over 21s, as the current one does.

[chachacha] 15/6/2024 16:50

Tories have a massive majority. Did nothing. Total waste of space. Move over and let someone else ruin the country. Blair, Brown, Cameron and the rest all sat on their hands basking in the publicity. Mission accomplished (JWBush) 'leaders'.

[bargainsniper] 15/6/2024 16:37

Labour is planning more than 60 increases to regulation which would saddle businesses with tens of billions of additional costs, an analysis suggests.The Institute for Economic Affairs (IEA) said Labour would increase red tape across a swathe of areas from accelerating the ban on petrol cars to imposing energy efficiency standards in rented homes, In a briefing shared with The Telegraph, the IEA said that the manifestos of the two main parties propose "expansive regulatory measures".But while there has been "significant public discussion" about each party's tax and spending measures, it said there had been "a lack of scrutiny regarding the business impact of proposed regulatory changes".

[bargainsniper] 15/6/2024 10:00

Labour capital gains tax on first homes not ruled outIt's what's not in their manifesto we need to worry about. With a supermajority they could dictate whatever they please.Good luck all

[pj fozzie] 12/6/2024 16:29

Where's the weak pound when you need it eh?

[spud] 12/6/2024 10:16

Igoe - 24.8286p

spud

[igoe104] 12/6/2024 08:41

That's slightly down on the last 31c dividend.. think the last one was 24.8

[spud] 12/6/2024 08:10

Thanks for flagging that up Anhar.spud

[anhar] 12/6/2024 07:57

Sterling value of Q1 divi US 31¢ announced yesterday: 24.3432p payable on 21 June.

[hellscream] 12/6/2024 04:59

one thing a agree with the greens on, hsbc is making more money than the oil industry, so they should pay the same tax as them.

[vickiitwo2] 11/6/2024 13:41

Desperate tories wrecking the economy again trashing the markets?

[bargainsniper] 10/6/2024 13:26

Tax rises are inevitable under the next government because of heavy losses created by the Bank of England's money printing scheme, Goldman Sachs has warned.Higher borrowing costs are adding to the strain on Britain's public finances which will force the next chancellor to raise taxes even further, James Moberly, economist at the investment bank said.

[pj84] 10/6/2024 11:53

"‘With exposure to faster growing areas of the world in Asia, as well as a strong position in the UK, we believe this leaves an attractively valued business with a dividend yield of 7% that we expect to grow over time,’ said Moss."

[bargainsniper] 10/6/2024 11:08

Labour 2030 ban on petrol/diesel cars ahead of everyone else will only serve to make UK poorer. Their 'proper windfall tax' on O&G companies will kill off north sea investment. Their green energy won't be cheaper. Their 'Great British Energy Company' isn't a company and won't reduce bills and is a fairytale.

Fairytale politics.

[petersinthemarket] 05/6/2024 10:33

HSBC owed £143m by Barclay family’s collapsed logistics company
HSBC faces steep losses from the unravelling of the Barclay family’s sprawling business empire, new documents show.
The British banking giant is owed £143m by the Barclay family’s delivery business, which fell into administration in March.
Restructuring experts at Teneo overseeing the administration have warned that, based on the current outlook, the bank “will not be repaid in full”.
Documents filed for The Logistics Group, which owns delivery business Arrow XL and formerly owned Yodel, reveal the financial impact facing HSBC as its sole secured creditor. Teneo estimated it could recover £57.5m from a sale of Arrow XL, which is the company’s main asset.
The Logistics Group collapsed into administration earlier this year after HSBC demanded repayment of money owed, a demand the business was unable to meet.
The company’s downfall represented another setback for the Barclay family, which was recently forced to put their online retailer Very Group up for sale in a bid to tackle its mounting debts.
Brothers Aidan and Howard, who oversee the Barclays’ dwindling business empire, were both listed as directors of The Logistics Group at the time of its failure.
Administrators have warned that the company has “significant levels of borrowing which would need to be restructured in order to rescue the business as a going concern”. They added: “However, having regard to the likely value of the underlying assets, there appears little prospect that this could be achieved”.
As well as losing control of The Logistics Group, and potentially Very, the Barclays also sought to sell The Telegraph and The Spectator to RedBird IMI to settle debts owed to Lloyds Bank.
The deal was blocked by the Government over concerns about foreign state ownership of the media. RedBirdIMI is an investment fund largely backed by Sheikh Mansour bin Zayed al-Nahyan, an Emirati royal who is deputy prime minister of the United Arab Emirates. The Telegraph has now been put up for sale once again.
In its latest set of financial accounts, The Logistics Group recorded a loss of £8.9m for the year ending June 2021, which represented a vast swing after posting profits of £91.4m in 2020.
As well as HSBC, a total of 10 other creditors are also owed debts of £18.3m which they are unlikely to recover from The Logistics Group.
The Barclay family declined to comment. HSBC was contacted for comment.

[jsforum] 02/6/2024 18:16

https://www.telegraph.co.uk/business/2024/06/02/barclay-family-collapsed-logistics-company-owe-hsbc/

[geckotheglorious] 31/5/2024 19:14

Hey Spud.

Any idea why Johnnybig is signing off all his posts as Spud?

[spud] 31/5/2024 15:56

HSBC Aims to Pick Its Successor for CEO Quinn by July



spud

[action] 26/5/2024 09:03

Will it open lower on Tuesday? Ans could be yes. Also 8% Ping Stake waiting to be off loaded will be real drag on share price.

[bargainsniper] 26/5/2024 08:14

6m is a speeding fineInsignificant

[qantas] 25/5/2024 11:09

The FCA has fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services plc (HSBC) £6,280,100 for failures in its treatment of customers who were in arrears or experiencing financial difficulty.

Please o your own research as always and follow FCA guidelines.

[bargainsniper] 20/5/2024 10:56

Ming the merciless