5 Jul
2021

Will a deeper restructuring help the HSBC share price?

first_imgSimply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Karl Loomes | Tuesday, 26th May, 2020 | More on: HSBA Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Karl has shares in HSBC Holdings. The Motley Fool UK has recommended HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Will a deeper restructuring help the HSBC share price? Image source: Getty Images. I have been a fan of HSBC (LSE: HSBA) as an investment for some time. As well as a strong dividend, my position has been led by a planned restructuring that would see the bank focus its assets and capital in its Asian business. The Covid-19 crisis and lockdown unfortunately caused this to be halted.However, today news emerged that HSBC’s board is pushing for the restructuring plan to be reinstated. Not only that, but for even more drastic measurers to be taken. Personally, I think this is likely to be a good thing.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…More of a good thingThe major outline of HSBC’s restructuring plan was effectively to focus more of its resources in Asia, its historical home. This would include job cuts for what many see as an overinflated workforce. It would also involve closing down its more inefficient operations in the US and parts of Europe.For me this makes sense. I am a proponent of the Pareto Principle, which says 80% of results often come from just 20% of the inputs. Focusing resources on those 20% of inputs can yield disproportionate benefits. In the case of HSBC, this seems exactly the intention.According to reports, HSBC’s board is now pushing for an even more ruthless attitude to its weaker operations. The suggestion is that those arms that may have been given the benefit of the doubt will now be cut. It has also been suggested that this may include a sale of its US business entirely, as well as its retail network in France.Though it is wrong to suggest that if a small amount of something is good, more of it must be better, in this case I think that may be the case. Being harsh and undergoing dramatic change to weather bad times can lead to a lean, efficient business that will benefit disproportionately in the good times.HSBC’s problemsOne major problem HSBC faces at the moment, along with other lenders, is the potential for bankruptcies hitting their books. Lockdown will almost certainly bring about a wave of businesses collapsing – many of which will have borrowed money from HSBC.At this point, nobody knows how bad this will be. Last month HSBC made a $3bn provision for these bad loans, hurting its quarterly results. Even more worrying, CFO Ewen Stevenson warned of “deep, severe recession events”.The other major concerns I have with HSBC as an investment now is the suspension of its dividend. For me its high yield was always a major selling point. I think it is a sensible decision to suspend the dividend at the moment, but with a dramatic restructuring likely to take a year or so (not to mention those “recession events”), I worry about when and at what level it will be reinstated.That said, I don’t think these problems are insurmountable by any means, which could make HSBC’s currently low share price a bargain. See all posts by Karl Loomeslast_img read more

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12 Jun
2021

Pasadena Tradition Continues as 34 Finalists Are Selected in 2017 Rose Parade Royal Court Tryouts

first_img Community News Subscribe 34 hopeful young women stood on the steps of the Tournament House on Wednesday with a rose in one hand and ecstatic smiles across their faces to celebrate their status as the finalists for the 2017 Tournament of Roses Royal Court.Nearly 1000 people participated in the interview process and seven of the 34 finalists will be named to the 2017 Royal Court on October 4.The Tournament’s Queen and Court Committee made its selections based on a number of criteria including poise, speaking ability, academic achievement, and community and school involvement.The young women are competing for a spot on the Royal Court and the honor of representing the Pasadena area and their schools in the 128th Rose Parade, themed “Echoes of Success,” on New Year’s Day.The Rose Queen and her court also will take part in nearly 100 appearances throughout the community in the months leading up to the parade.The finalists are:Top row, from left: Natalie Rose Petrosian, La Cañada High School; Elyse Juliann Reed, La Cañada High School; Dominique Noelle Pittman, Flintridge Sacred Heart Academy; Audrey Mariam Cameron, Blair High School; Tiffany Claire Echols, Pasadena City College; Maya Kawaguchi Khan, Arcadia High School.Fourth row, from left: Kamela Elyse Stewart, Flintridge Sacred Heart Academy; Stephanie Shih, Temple City High School; Sophia Guadalupe Lopez, South Pasadena High School; Somer Nicole Tiffani Isaac, Maranatha High School; Victoria Cecilia Castellanos, Temple City High School; Grace Osher Van de Voorde, Flintridge Sacred Heart Academy; Anisa Keyur Patel, La Cañada High School.Third row, from left: Dineen Elise Tamayo, Pasadena City College; Anne Marien Bishop, Maranatha High School; Shannon Tracy Larsuel, Mayfield Senior School; Lauren Emiko Powers, Arcadia High School; Alyssa Hadlyn Chan-Evangelista, Arcadia High School; Noni Sakile Davis, Polytechnic School; Mikayla Jyvonne Nicholas O’Reggio, Mayfield Senior School; Moondera Nodeja Rabb, Alverno High School.Second row, from left: Natalie Marye Buntich, Flintridge Sacred Heart Academy; Elena Lizette Flores, John Marshall Fundamental High School; Caitlin Ann Mispagel, La Cañada High School; Alexandra Ann Tighe, Flintridge Sacred Heart Academy; Raquel Ann Ruiz, La Salle High School; Kin Mirley Spencer, Maranatha High School; Autumn Marie Lundy, Polytechnic School.First row, from left: (#21) Mariah LeighAnn Benn, John Marshall Fundamental High School; (#27) Mishtii Rajmohan Murari, Flintridge Preparatory School; (#42) Kennedy Diana Callaway, John Marshall Fundamental High School; (#53) Sophia Olivia Calabretta, Arcadia High School; (#85) Marissa Rose Mendez, Arcadia High School; (#114) Lauryn Camille Miller, John Muir High School. Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. News Feature Stories Pasadena Tradition Continues as 34 Finalists Are Selected in 2017 Rose Parade Royal Court Tryouts From STAFF REPORTS Published on Wednesday, September 28, 2016 | 4:03 pm Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Your email address will not be published. Required fields are marked * Top of the News Name (required)  Mail (required) (not be published)  Website  Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDScenter_img Community News Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena First Heatwave Expected Next Week 3 recommended0 commentsShareShareTweetSharePin it Business News More Cool Stuff HerbeautyAt 9 Years Old, This Young Girl Dazzled The World Of FashionHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty10 Sea Salt Scrubs You Can Make YourselfHerbeautyHerbeautyHerbeautyHere Is What Scientists Say Will Happen When You Eat AvocadosHerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeautylast_img read more

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12 Jun
2021

Police to Crack Down on Intoxicated, Distracted Drivers on Friday

first_img More Cool Stuff 14 recommended0 commentsShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS STAFF REPORT First Heatwave Expected Next Week Subscribe Make a comment Police are planning two extra enforcement campaigns on Friday to seek out intoxicated drivers, as well as those distracted by cell phones, officials said.The operations will take place all day Friday throughout the city, Pasadena police said in a written statement.“Pasadena Police Department reminds the public that impaired driving is not just from alcohol,” according to the statement. “Some prescription medications or over-the-counter drugs may interfere with driving. Always follow directions for use and read warning labels about driving or ‘operating heavy machinery,’ which includes driving a car. While medicinal and recreational marijuana is legal, driving under the influence of marijuana is illegal.”At the same time, officers will be out looking for drivers paying attention to cell phones instead of the road.“Distracted driving is a serious issue, but one that can be easily solved simply by putting the phone down,” said Pasadena police Lt. Max Dahlstein. “That text, phone call, email or social media post can wait.”In addition to using mobile devices, eating, grooming, talking passengers, and adjusting stereos are other examples of distracted driving, he said.First offenders can expect fines of $157, officials added.“If you have an important phone call or need to program directions, pull over to a safe parking spot,” the statement said. “Before driving, either silence your phone or put it somewhere you can’t reach.”Funding for both programs is provided by a grant from the California Office of Traffic Safety through the National Highway Traffic Safety Administration. Name (required)  Mail (required) (not be published)  Website  Public Safety Police to Crack Down on Intoxicated, Distracted Drivers on Friday By BRIAN DAY Published on Tuesday, September 8, 2020 | 2:11 pm STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Herbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeautyWomen Love These Great Tips To Making Your Teeth Look WhiterHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautycenter_img faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Your email address will not be published. Required fields are marked * Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Top of the News Business News CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

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18 May
2021

East Coast braces for third nor’easter as South hit with hail and thunderstorms

first_imgiStock/Thinkstock(NEW YORK) — The Eastern Seaboard is bracing for its third storm in two weeks with snow and wind expected along already-battered coastlines around New York and Boston on Monday.Five states in the South, meanwhile, endured hail storms, in some places with hail as big as 3.5 inches in diameter, on Saturday. Heavy showers and thunderstorms were expected to continue early Sunday, bringing the risk of more flash-flooding in some areas around the Southeast.Due to the already-saturated ground in some areas along the Mississippi River, major flooding in that area is possible later this week through next weekend.In the Northeast, a potential heavy coastal storm that has been the subject of recent warnings is now becoming a firm expectation. Snow on Monday is likely from the southern Appalachians northward into the Mid-Atlantic region. Potentially heavy snow could disrupt the morning commute Monday, especially in higher-elevation cities such as Roanoke, Virginia.The snowstorm is expected to spread in the Northeast by Monday evening with heavy rain mixing with snow at times along the coast. By Wednesday morning, the nor’easter should be moving out to sea.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

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7 May
2021

Homeowners urged to factor in interest rate rise

first_imgHome » News » Housing Market » Homeowners urged to factor in interest rate rise previous nextHousing MarketHomeowners urged to factor in interest rate riseBritain could be on the verge of seeing its first rise in interest rates in over six years.PROPERTYdrum11th August 20150641 Views People thinking of buying a home or remortgaging their existing property should budget for a potential interest rate increase in the coming months after the Bank of England signified that it expects to see interest rates rise sooner rather than later.UK interest rates have remained at a record low of 0.5 per cent since March 2009, and although any hike to the rate would be dictated by economic data, including wage growth and productivity, over the next few months, the Governor of the Bank of England, Mark Carney (left), did last week admit that the time for an increase is ‘drawing closer’. It is not clear when the rate rise may occur, but Nicholas Leeming (right), Chairman of agents Jackson-Stops & Staff, is urging homeowners not to take any chances. He said, “Mark Carney has been careful to flag that interest rates will edge higher in the longer term as the economy continues to grow and inflationary pressure on wages increase. “Property buyers should recognise that rates will move towards more sustainable, long term levels and so budget for higher mortgage costs accordingly. Vendors should be aware that any such increases will create resistance to overly high guide prices.”Despite interest rate rises on the horizon, there is unlikely to be a drop in demand for housing in the coming months, according to Rightmove’s Miles Shipside (left). He commented, “The overall demand for housing means that while there are some things that put people off buying a house and moving house such as elections and interest rates, I think overall demand means that people put those things to one side.“Interest rate rises have been at record lows so the only way is up. But even though rates are going to go up, we are still in for a low interest rate environment so if people’s circumstances mean they need to buy, they will do so.”But while the days of record low interest rates look set to be drawing to a close, the Minutes released from last week showed eight of the nine members who sit on the Bank of England’s monetary policy committee voted to keep interest rates at 0.5 per cent for the 77th month in a row, suggesting that speculation that the rate increase could happen sooner rather than later actually now looks unlikely, according to some experts. Simon Checkley, Managing Director of Private Finance said, “No rise in rates, low inflation outlook, upwardly revised growth forecast, reinforces our longer term message that the interest rate outlook is extremely benign, that rates will be staying low for some time to come and longer term rates will move very little. “That coupled with British consumer confidence highest in five years, bode well for house buying. The Private Finance message is buy with confidence if you can afford to, however affordability remains an issue.”homeowners interest rate rise Mark Carney Nicholas Leeming Miles Shipside Bank of England August 11, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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4 May
2021

USA: Pre-Commissioning Unit Arlington Completes First Crew Certification Phase

first_img Training & Education October 31, 2012 View post tag: Pre-Commissioning USA: Pre-Commissioning Unit Arlington Completes First Crew Certification Phase View post tag: Unit Back to overview,Home naval-today USA: Pre-Commissioning Unit Arlington Completes First Crew Certification Phase View post tag: certification View post tag: completes View post tag: phase View post tag: Naval View post tag: first View post tag: crew View post tag: News by topic Pre-Commissioning Unit (PCU) Arlington (LPD 24) completed the two-day Naval Surface Force Atlantic (SURFLANT) Crew Certification Phase One administrative evaluation Oct. 22, while the ship is under construction in the Huntington-Ingalls Industries’ shipyard.The inspection, performed by nine members of the amphibious transport dock ship’s type commander from Norfolk, Va., reviewed the command’s administration, policies, training and warfare areas to ensure the crew can safely operate their ship at sea following delivery.“Arlington did an outstanding job,” said Lt. Tim Henderson, the SURFLANT team’s amphibious readiness officer. “It was evident that the ship’s leadership and crew were very engaged.”Arlington has been preparing for this phase of crew certification since “day one” – almost two years – said Prospective Commanding Officer Cmdr. Darren Nelson.“Overall, our programs are in really good shape,” he said. “I’m very proud of my command’s senior leadership, as well as all the first and second class petty officers, who stepped up and made this a success on the deckplates.”The second and final phase of crew certification, scheduled to take place during the last week of February, will include material inspections of the ship.“We cannot perform a material inspection of the ship yet, because most of our equipment is still in warehouses, and the Navy doesn’t own the ship,” Nelson explained. The Navy is scheduled to take delivery of Arlington Dec. 7.Arlington’s next milestone will be acceptance trials, Oct. 28 through Nov. 2.“Huntington-Ingalls Industries will be showing the ship to the Navy’s Board of Inspection and Survey, and if everything looks good, they will make a recommendation to the secretary of the Navy and the chief of naval operations to accept the ship for delivery,” Nelson explained. “Once the secretary of the Navy has given the green light, the supervisor of shipbuilding will accept the ship on behalf of the Navy, and they will sign the ship over to the crew of Arlington.”Arlington is named for Arlington County, Va., home of the Pentagon, in honor of the 184 victims and heroes who lost their lives during the Sept. 11 terrorist attack there.Arlington is the eighth in the Navy’s San Antonio-class of ships, designed to be the most survivable amphibious vessels ever put to sea. The third in the U.S. fleet to bear the name, Arlington will be commissioned in early 2013 and homeported in Norfolk, Va. The ship combines 21st century amphibious shipbuilding and warfighting technologies to support current and future Marine Corps aircraft and landing craft and will be capable of taking nearly 1,200 Sailors and Marines into harm’s way.[mappress]Naval Today Staff, October 31, 2012; Image: US Navy View post tag: Navy View post tag: Arlington Share this articlelast_img read more

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4 May
2021

INS GHARIAL Goes All Out to Help Local Community in Bahrain

first_img View post tag: INS View post tag: Defence View post tag: all View post tag: GHARIAL View post tag: community Authorities The visiting naval ship from India, the INS GHARIAL went all out to the local community yesterday, donating blood and entertaining special group of children from The Society for the Management of Autism-Related Issues – Training, Education and Resources of Brunei or SMARTER Brunei as part of their community service activities.Yesterday morning fifty ship personnel from the INS GHARIAL including the Commanding Officer of the Indian INS GHARIAL naval ship, Commander Vishal Bishnoi were eager to participate in donating blood campaign which was held at the Blood Donation Centre, in Raja Isteri Pengiran Anak Saleha (RIPAS) Hospital. Also present at the blood drive was His Excellency Lalduhthlana Ralte, High Commissioner of India to Brunei Darussalam.The blood drive was one of the non-exercise activities of the ASEAN Defence Ministers’ Meeting-Plus Humanitarian Assistance and Disaster Relief and Military Medicine Exercise (ADMM PLUS HADR & MM Ex) which is currently ongoing and with the intention to help in replenishing the blood supply that is needed by patients of RIPAS Hospital.In the afternoon, the India INS GHARIAL, arranged another social event, inviting about 30-membered group of special need children from the SMARTER onboard their ship them to spend time and have fun with SMARTER Kids. SMARTER Kids together with their families and forty teacher-therapists participated in this activity. It was also an opportunity for the individuals with autism to interact with the Indian Navy.[mappress]Press Release, June 20, 2013; Image: Brunei MoD June 20, 2013 Back to overview,Home naval-today INS GHARIAL Goes All Out to Help Local Community in Bahrain View post tag: Bahrain View post tag: News by topic View post tag: Indian INS GHARIAL Goes All Out to Help Local Community in Bahrain View post tag: Exercise View post tag: Help View post tag: goes View post tag: local View post tag: Navy Share this article View post tag: out View post tag: Navallast_img read more

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2 May
2021

MIDGLEY, KATHLEEN M. (nee: Hurley)

first_img58, of Berkeley Heights, NJ passed away at Abingdon Care & Rehabilitation Center, Green Brook, NJ, on October 26, 2017. Kathleen was born in Jersey City to the late William and Gertrude (nee: Foley) Hurley. She had resided in Bayonne before moving to Berkeley Heights in 1997. She had worked as an accountant for Triumph Plastics. She is survived by her husband of 28 years, Edward; her son, Evan; her brothers, William, Kevin, and Michael Hurley; her sisters-in-law, Paula Galvin, Carole Iwanowski, and Johanna Midgley and her brothers-in-law, John Iwanowski, Peter Midgley, and Robert Midgley. Kathleen is also survived by many nieces, nephews, relatives, cousins, and friends. Funeral arrangements by PAUL IPPOLITO BERKELEY MEMORIAL, 646 Springfield Ave., Berkley Heights, NJ 07922.last_img

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20 Apr
2021

Press release: PM call with President Trump: 28 March 2018

first_imgA Downing Street spokesperson said: The Prime Minister welcomed the temporary exemption to steel and aluminium tariffs announced by the US last week in relation to the European Union. Finally, the Prime Minister thanked the President for his personal help and support in securing the passage of the Clarifying Lawful Overseas Use of Data Act or CLOUD Act by the US, which will provide an important tool in the investigation of terrorist and other offences in the UK and keep people living here safer. She said she looked forward to constructive talks taking place between the EU and the US on making the exemption permanent.center_img The PM said the US had delivered a very strong response and welcomed the breadth of international action in response to Russia’s reckless and brazen behaviour – with 26 countries now putting expulsions in place. Prime Minister Theresa May today spoke with President Trump to welcome the US decision to expel 60 Russian diplomats in response to the use of a nerve agent in Salisbury.last_img read more

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