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      HSBC kicks off $1bn share buyback after profit smashes forecast

      HSBC's stock has taken a hit due to the huge tariffs slapped on Asian countries.

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By: Nick Gold

Nick Gold is incoming president of the International Association of Speaker Bureaus and managing director of Speakers Corner.

All 247167 Articles
  • Poundland to open 25 UK stores this year as low-price giant exploits Brits’ hunger for cheaper products

    August 3, 2022

    Poundland said this morning it plans to open and relocate 25 stores across the country in 2022. Ten new branches will be opened by the end of next month and 15 more before the year ends. The low-price retailer said it will primarily focus on high streets, retail parks, and neighbourhoods, with stores expected to [...]

  • Warner Bros axes new Batgirl movie following dismal reviews

    August 3, 2022

    Warner Bros has shelved its upcoming “Batgirl” film after the movie was met with dismal reviews from viewers. According to reports from US media, the DC Comics film had received a poor reception at test screenings, forcing the studio to backtrack on the $100m (£82m) production. Leslie Grace was set to star as Batgirl, while Michael Keaton as [...]

  • Ping An proposal to break up HSBC gains momentum as small investors back plan

    August 3, 2022

    HSBC investors are ramping up calls for the banking giant to break up as they side with Chinese insurance company Ping An.  Pressure on the bank to shave off its Asian business into a separate company increased after a meeting with HSBC executives and Hong Kong investors yesterday, as small shareholders backed the proposal by [...]

  • Nintendo sales continue to slump as supply chains and fading engagement bite

    August 3, 2022

    Sales for Nintendo Switch slumped agains this quarter as the Japanese tech giant struggles to maintain lockdown gaming boom.

  • Oxford City Football Club Partner with CoinCorner To Accept Bitcoin

    August 3, 2022

    Oxford City FC is the first National League football club to accept Bitcoin and Lightning payments, in a partnership with CoinCorner. Douglas, Isle of Man — Oxford City FC has become the first National League club to accept matchday payments in Bitcoin after entering a multi-year partnership with CoinCorner. The partnership will allow supporters to purchase tickets, [...]

  • Hiscox shares plunge after insurer slumps to loss of £88m

    August 3, 2022

    Insurance giant Hiscox slumped to a loss of $107m (£88m) in the first half of the year after a steep decline in the value of its investment portfolio.

  • Bank of England to rip up history books at this week’s rate decision

    August 3, 2022

    Soaring inflation will force the Bank of England to do something it has never done since it was made independent 25 years ago, City economists are betting. Governor Andrew Bailey and the rest of the monetary policy committee (MPC) will hike interest rates 50 basis points this Thursday. The move would also mark the sixth [...]

  • Revenues climb for Keywords Studio as it snaps up Mighty Games in market share push

    August 3, 2022

    Revenues climbed 34 per cent to €320m for Keywords Studio as the video game giant announces a fresh acquisition of Mighty Games.

  • Homebuilder Taylor Wimpey hikes forecast after profits jump to £335m

    August 3, 2022

    Housebuilder Taylor Wimpey hiked its profit forecast to the top of full year estimates today after a bumper first half in which it beat house completion targets.

  • Revenue climbs for Just Eat despite dwindling order numbers

    August 3, 2022

    Orders dipped seven per cent in the first half of 2022 for Just Eat Takeaway.com as the delivery giant struggles to keep up with pandemic hype.

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