Hsbc Share Discussion Threads

[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

[jusjusjus] 17/5/2024 10:25

might just be a threat after being rebuked on their action to break the bank up

[martyre] 17/5/2024 10:15

Looks like Bloomberg got this information unofficially.Ping can not be happy as if they are trying to offload an 8% stake in HSBC,the last thing they want is for the share price to fall.As their stake is not a forced sale, the share price should recover as the fall was more of a panic reaction.

[jusjusjus] 17/5/2024 08:00

suet - no, Morgan Stanley are managing the buyback, with independent authority to make the trading decisions, but don't see why MS can't buy them though, it's still the "market"

[tuftymatt] 17/5/2024 07:29

Nice opening considering the large seller news.

Would hope some sort of mop up deal could be done ref the above question but I am not certain.

Good luck all 👍🏻

[suetballs] 17/5/2024 07:24

Can the company buy direct from Ping as part of the buyback?
Suet

[jusjusjus] 17/5/2024 07:05

good source for the share buyback programme!

[action] 16/5/2024 21:55

Looks like we may be able to buy again around 600p. GLA.

[spud] 16/5/2024 20:01

Interesting, thanks. spud

[paulstills] 16/5/2024 19:33

https://www.bloomberg.com/news/articles/2024-05-16/top-hsbc-shareholder-ping-an-exploring-ways-to-cut-13-billion-stake?embedded-checkout=true

[action] 16/5/2024 19:30

Still surprised to see share price drop from 712p to 685p . Anyone knows why?