The FTSE 100 was buoyed by shining corporate results from several companies in a busy week for the market, with the blue chip index closing 1.1% higher at 7,428 at close of trading on Friday. US markets enjoyed a boost with Amazon and Apple reporting sales ahead of market expectations and hopes that the US […]

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Standard Charted shares fell 0.5% to 563.7p in late afternoon trading on Friday following an announced HY1 2022 pre-tax profit growth of 19% to $2.8 billion, beating market expectations. The banking firm benefited from rising interest rates, with the latest Bank of England meeting hiking rates 1.25% in a move to tackle soaring inflation. Analysts […]

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The FTSE 100 fell again on Tuesday as early strength in housebuilders and banks shares wasn’t enough to offset concerns over volatility in US stocks and upcoming central banks decisions. The S&P 500 officially entered a bear market, with the index down 3.8% to 3,749.6 yesterday and tumbling 21.8% year-to-date. “The US market entered bear […]

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Major banks each have Price-to-Book ratio below one Standard Chartered bank (LON:STAN) has reported a larger-than-expected increase in profits in the first half of the year, resumed interim dividend payments and confirmed a $250 million share buyback. Thanks to an improvement in bad loans and the recovery from the coronavirus pandemic, Standard Chartered saw its […]

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Standard Chartered to cut office space in coming years Standard Chartered (LON:STAN) will reinstate its dividend this year despite seeing a significant fall in its pre-tax profit. The bank also unveiled plans to significantly reduce its office space over 2021.  Standard Chartered confirmed it will payout a dividend of 9p per share having been stopped […]

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Having bounced back from a five-month low on Thursday, the FTSE decided it would spend Friday in full rebound mode, thanks to banking stocks. Enjoying a financial sector surge, the FTSE 100 gleefully watched Lloyds, HSBC, and Standard Chartered all rally more than 4% apiece. The real winner, though, was Barclays (LON:BARC), having booked a […]

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Standard Chartered PLC (LON:STAN) have seen their profits rise within their annual profits published on Thursday. The banking firm reported double digit profit growth across 2019, but noted that it does not expect to meet its medium term targets next year. Standard Chartered added that amid slowing economic growth, medium term targets would be harder […]

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Financial services provider Standard Chartered (LON:STAN) announced Q3 on-year profit growth of 35%, with income spiking and charges for sour loans falling. The firm is based in London but focuses its operations in Asia, Africa and the Middle East. Standard Chartered employ 87,000 personnel over 1,200 branches in 70 countries. Its profits for the third […]

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