The Latest Breaking News from Hang Seng

HSBC unveiled plans in September to take the troubled lender private in a deal valuing the subsidiary at 290 billion Hong Kong dollars (£27.9bn).

British American Tobacco today shares fell back after the Lucky Strike and Dunhill owner disappointed investors with its guidance for next year.

HSBC's £10.2 billion plan to take Hang Seng Bank private has rattled markets, pausing share buybacks and dividing investors on whether to hold, sell or buy amid rising exposure to Asia and Hong Kong's uncertain outlook.

Deal will mean Hang Seng Bank’s shares are taken off local stock exchange as HSBC doubles down on Asian business

HSBC, which already owns around 63% of Hang Seng, is proposing to pay around £10.2 billion on buying out the remaining shares to de-list Hang Seng.

HSBC‘s (HKG: 0005) (NYSE:HSBC) (LSE: HSBA) Hong Kong shares dropped over 7% on Thursday, after the European lender announced plans to privatize its majority-owned local unit, Hang Seng Bank (HKG: 0011), in a deal valued at HK$106.1 billion (about $13.63 billion).

GSK chief executive Emma Walmsley is to step down after more than eight years running the pharmaceuticals giant.

The UK’s annual rate of inflation has stayed at the highest level since January 2024.

September S&P 500 E-Mini futures (ESU25) are down -0.24%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.32% this morning, pointing to a slightly lower open on Wall Street after last Friday’s rally as some of the optimism around expectations for Federal Reserve interest rate cuts faded.