Shares in HSBC (HSBA), the UK’s largest bank by market value, continued their recent rally, topping the FTSE 100 index with a gain of 6% to 338p after it posted better than expected third quarter profits and held out the prospect of a 2020 dividend payment early next year. For the three months to the end of September the bank reported an 11% fall in revenues to $11.9 billion and a 36% fall in ...

UK shares continued to fall on Tuesday as persistent concerns about rising global coronavirus cases offset better-than-expected earnings updates from market bellwethers BP (BP.) and HSBC (HSBA). The benchmark FTSE 100 index fell 0.2% to 5,782.65 in early trading, continuing its losses after a sharp drop yesterday as markets across the world fell significantly. US stock markets suffered their ...

The initial public offering (IPO) of the Buffettology Smaller Companies investment trust has been pulled after it failed to raise the £100 million minimum needed for a stock market float. The trust, which planned to follow legendary investor Warren Buffett’s investment style, said that despite receiving a ‘broad level of support from a significant number of investors’, it has decided not ...

THIS IS AN ADVERTISING PROMOTION Investors are concerned that the US market is too expensive. Scratch the surface and a different picture emerges, says David Zhao, Co-Manager of the BlackRock North American Income Trust plc. Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally ...

UK stocks continued to feel the pressure at midday on Monday as investors fret over continuing and concerning climb in Covid-19 cases across the UK, Europe and the US, not to mention confirmation of 137 local cases in China. Adding to the doom and gloom were fading hopes of a stimulus package being agreed ahead of the fast-approaching US election. Despite flirting with minor gins earlier in ...

German software giant SAP told investors that it plans to move all of its tools and customers into the cloud as it was forced to pull medium-term profitability targets as it continues to struggle with the effects of the coronavirus pandemic. Europe’s largest technology company reported disappointed earnings, with revenue falling by 4% to €6.54 billion, while operating profit also fell ...

Shares in The Hut Group, or THG (THG) as it is officially called, ticked up 10.6% to 737.3p on Monday after the recently-listed beauty website owner upgraded annual revenue guidance in its maiden trading update. Having seen revenue growth accelerate in the third quarter, THG flagged ‘continued momentum’ in the important fourth quarter to date. This has given management the confidence to ...

International molecular diagnostics group Yourgene Health (YGEN:AIM) reported revenues up a mere 5% to £8.2 million for the six-months to 30 September, a period impacted by Covid-19 restrictions. The shares dropped 6.4% to 18.4p on the news. Pandemic-related lockdowns inhibited cross-border shipments and in-country non-invasive pre-natal testing in Japan and India which was offset by strong ...

According to a report in The Times newspaper, the Bank of England's Prudential Regulatory Authority (PRA), which regulates UK banks, building societies and insurers, is considering allowing the banks to re-start dividend payments next year. In March, the PRA asked the banks to suspend dividends and buybacks until the end of the year and said it expected them to withhold cash bonuses to senior ...

UK stocks opened lower on Monday as investors reacted to the continuing and concerning climb in Covid-19 cases across the UK, Europe and the US, not to mention confirmation of 137 local cases in China. Adding to the doom and gloom were fading hopes of a stimulus package being agreed ahead of the fast-approaching US election. At 8.20, the blue chip benchmark was 0.26% lower at 5,845.15, while ...