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Hargreaves Lansdown Bulletin

Nicholas Hyett | 7 November 2016 | A A A

You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.

No recommendation

You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.

Media contact:

Danny Cox

Head of Communications

Direct Line: 0117 317 1638

Mobile: 07989672071

Nicholas Hyett, Equity Analyst, Hargreaves Lansdown:

HSBC shares are up 4.7% this morning, as regulatory changes around the treatment of its investment in China Bank of Communications boosted capital reserves. That’s secured the dividend in the near term, although organic capital generation is still lower than we would like.

With miners on the up after the FBI confirmed that Hilary Clinton would not be subject to any criminal proceedings, one stock missing out is Fresnillo. The Mexican silver miner is down 1.6% after a double hit from a slumping silver price and a stronger Mexican Peso – increasing operating costs at its mines.

Tesco has not joined in the wider market rally, with the shares down 1% this morning. Over the weekend, Tesco Bank was forced to suspend online transactions after suspicious activity was seen in around 40,000 accounts, with around half losing money in the fraud attack.

NOTES TO EDITORS

Globelynx and ISDN ready

Hargreaves Lansdown is equipped with a live in-house broadcast camera via the Globelynx network and has an ISDN line available for radio interviews - 0117 934 9006. To arrange an interview with a Hargreaves Lansdown spokesperson please contact the person you wish to speak to directly using the contact details above, or call Globelynx on 0207 963 7060 or email globelynx@globelynx.com.


You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.