HSBC Holdings Plc
News and Blogs
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Wragge & Co advises HSBC Bank plc on £18 million MBO deal
www.wragge.com
The funding has enabled independent private equity investors August Equity to complete a management buy-out of Funeral Services Partnership Company. August Equity is backing the existing management team led by chief executive officer Philip Greenfield and chairman Graham Hodson.
HSBC's Housing Woes Lessen
online.wsj.com | Nov 17, 2009
The London-based bank is having an easier time unloading homes foreclosed upon during the U.S. subprime crisis. But hurdles loom.
HSBC confirms £772m sale of Canary tower to Korean fund
www.propertyweek.com | Nov 13, 2009
HSBC Bank has confirmed today it has agreed the sale of its tower at 8 Canada Square to...
http://www.propertyweek.com/story.asp?sectioncode=297&storycode=3153330&c=1
CB Richard Ellis: UK - News Detail
www.cbre.co.uk | Nov 16, 2009
CB Richard Ellis is the world's leading commercial property and real estate services adviser. Delivering beyond client expectations, Specialist teams, specialised solutions
http://www.cbre.co.uk/uk_en/news_events/news_detail?p_id=3810
News from Zibb.com
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Analyst Upgrades for November 18th - Zibb.com
Nov 18, 2009 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
Analyst Upgrades for 11/18/2009... Analog Devices (NYSE:ADI) upgraded to Conviction Buy from Buy at Goldman... Arch Coal (NYSE:ACI) initiated as Overweight at HSBC... Aruba Networks (NASDAQ:ARUN) upgraded to Overweight from Equal Weight, $13 target, at Barclays... Becton Dickinson (NYSE:BDX) initiated with an Outperform at Morgan Keegan... DynCorp (NYSE:DYN) upgraded to Outperform from Market Perform, $18-20 target, at Wells Fargo... Fidelity National (NYSE:FIS) upgraded to Outperform from Sector Perform at RBC Capital... First Solar (NASDAQ:FSLR) upgraded to Outperform at RBC... General Electric (NYSE:GE) reiterated Buy at Goldman... Peabody Energy (NYSE:BTU) initiated as Overweight at HSBC... Pulte Homes (NYSE:PHM) upgraded to Buy from Hold, $12 target, at Citigroup... Reynolds American (NYSE:RAI) maintained Buy, raised price target to $62 from $60, at Deutsche Bank... Rockwell Automation (NYSE:ROK) upgraded to Overweight, $53 target, at HSBC... Smith International (NYSE:SII) upgraded to Buy, $35 target, at Citi... Telecom Italia (NYSE:TI) upgraded to Market Perform at Bernstein...
Write to Chip Brian at cbrian@tradethetrend.com
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Tags: coal energy market nasdaq nyse securities telecom
Companies: Analog Devices, Inc. (ADI), Arch Coal, Inc. (ACI), Aruba Networks Inc (ARUN), Becton, Dickinson & Co. (BDX), Dynegy, Inc. (DYN), Fidelity National Information Services Inc (FIS), First Solar Inc (FSLR), General Electric Co. (GE), Peabody Energy Corp. (BTU), Pulte Homes Inc. (PHM), Reynolds American Inc (RAI), Rockwell International Corp. (ROK), Smith International, Inc. (SII), Telecom Italia S.p.A. (TI)
HSBC Bank to sell 8 Canada Square to National Pension Service - Zibb.com
Nov 18, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
HSBC Bank plc, a wholly-owned subsidiary of HSBC Holdings plc, has agreed the sale of 8 Canada Square, Canary Wharf, London to the National Pension Service of Korea (NPS) for GBP772.5 million in cash. As a result of the transaction, a gain of approximately GBP350 million will be recognized in HSBC's income statement on completion, expected to be before December 31, 2009.
NPS, through a wholly-owned subsidiary, NPS 8CS Holdings Sarl, will purchase HSBC's 100% shareholding in Project Maple II B.V., the sole asset of which is the 998-year leasehold interest in 8 Canada Square. Under the terms of the agreement, HSBC will retain full control of occupancy for the remaining 17.5 years of the existing 20 year leaseback period at a current rent of GBP46 million per annum.
CB Richard Ellis Limited, HSBC Bank plc and Linklaters LLP are acting as advisors to HSBC, and JP Morgan Asset Management and Berwin Leighton Paisner are acting as advisors to NPS on the transaction.
Deal Value (US$ Million) 1279.99 Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Announced: 2009-11-13
Deal Participants
Target (Company) Project Maple II B.V. Acquirer (Company) NPS 8CS Holdings Sarl Vendor (Company) HSBC Bank plc
Tags: acquisition bank canada korea london
Companies: HSBC Holdings plc (HBC)
HSBC Holding combines global markets, banking ops in Australia - Zibb.com
SYDNEY, Nov 16, 2009 (Asia In Focus via COMTEX) --
One of the world's biggest banks, HSBC HOLDING PLC, has merged its global markets and banking operations in Australia, appointing one executive to lead the combined division. HSBC BANK AUSTRALIA appointed Tony Cripps, who has been with the bank since 1986, as head of global banking and markets, according to a statement on Monday.
* The global banking and markets division encompasses sales and trading, debt finance and advisory, institutional wealth management and relationship management of corporate and institutional clients.
* "Our Global Banking and Markets business combines an in-depth understanding of the industries in which our Australian clients operate with international sector and product specialists, putting HSBC in its global entirety to work for each of our clients," HSBC Australia's chief executive Paulo Maia said in the statement.
Tags: australia banking business corporate debt executive finance sales
HSBC Became Mainland China Financial Bonds Underwriter - Zibb.com
SHANGHAI, Nov 18, 2009 (SinoCast Daily Business Beat via COMTEX) --
HSBC Bank (China) Co., Ltd., which is wholly owned by Hong Kong and Shanghai Banking Corporation (HSBC), yesterday joined the renminbi financial bonds underwriting group of Bank of Shanghai, becoming the first foreign lender that participates in such business in Mainland China.
Bank of Shanghai, as a top Chinese city commercial lender, aggregately issued renminbi financial bonds worth CNY 5 billion, and the interest rate of its three-year financial bonds valued at CNY 2 billion is fixed at 3.65. Total value of the five-year financial bonds reached CNY 3 billion, and the variable interest was 92 basis points higher than the current one-year time deposit interest rate.
HSBC Bank (China)'s entry into this renminbi financial bonds underwriting field can be regarded a landmark amid the Chinese financial market development, and the foreign bank would like to further build up its presence in such a market with high growth potential.
As one of the profitable foreign lenders in Mainland China, HSBC Bank (China) holds an 8% stake in Bank of Shanghai.
Source: www.hexun.com (November 18, 2009)
Tags: bank banking business china hong kong market renminbi shanghai SinoCast China Business Daily news Mainland China renminbi financial bonds underwriting interest rate market stake
Web Sites
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Larken Associates - Press Releases
The special event signified the opening of HSBC s Parsipanny branch, NJ District Administration and its Commercial Middle Market and Mortgage office at the completely-renovated 55,000 sq.-ft.
HSBC - Flagship Singapore Branch | Experience | Faithful+Gould - Constructive Expertise
Construction of a new 'flagship' HSBC (Hong Kong and Shanghai Banking Corporation) branch in Singapore over two levels, involving replacing the façade of the podium block.
http://www.fgould.com/asia/experience/sheet/hsbc-flagship-singapore-branch/
Denton Wilde Sapte - Denton Wilde Sapte advises Hitachi on ground-breaking £250m rail deal
The deal is a boost for London's Olympic bid, as the trains would provide a 'Javelin Service' between St Pancras and the proposed Olympic stadium in Kent. Hitachi's high speed 'A' trains will come into service in 2009 and will dramatically improve the journey experience into London.
EC Harris - Media Centre - EC Harris delivers breath of fresh air to HSBC in Hong Kong
Described as a sky garden , it has been built on top of the bank s 16-floor office in the heart of Mong Kok. The original concrete rooftop has been converted into a green oasis, with turf and a garden partly laid with recycled plastic materials.
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Investor Relations
www.hsbc.com
HSBC Holdings plc : Long Term/Senior: Aa2: AA-AA: AA (high) Short Term: P-1: A-1+ F1+ R-1 (high) HSBC Bank plc: Long Term/Senior: Aa2: AA: AA: not rated: Short Term: P-1: A-1+
HSBC Holdings plc (ADR) - Google Finance
www.google.com
Get the latest on HSBC Holdings plc (ADR) including up to date news, high quality discussion groups and more on Google Finance.
HSBC Holdings PLC (HBC): Stock Quote & Company Profile - BusinessWeek
investing.businessweek.com
Get HSBC Holdings PLC (HBC) stock research & investing information. Find historical stock quotes, key competitors, stock data, executive management and the latest company news.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ric=HBC