The group, which will release its first half results on 3 August, disclosed a new business plan last month. The UK’s Chancellor of the Exchequer, Georges Osborne, announced an important change to levies on banks. We have decided to downgrade our short-term earnings expectations reflecting the transitory negative impact of the announced restructuring. This has weighed on our target price. Although the impact has been mitigated by the slight increase in our SOTP following the adoption of
20 Jul 2015
Welcome tax relief ahead of complex restructuring
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Welcome tax relief ahead of complex restructuring
HSBC Holdings Plc (HSBA:LON) | 662 -11.3 (-0.3%) | Mkt Cap: 124,966m
- Published:
20 Jul 2015 -
Author:
David Grinsztajn -
Pages:
2
The group, which will release its first half results on 3 August, disclosed a new business plan last month. The UK’s Chancellor of the Exchequer, Georges Osborne, announced an important change to levies on banks. We have decided to downgrade our short-term earnings expectations reflecting the transitory negative impact of the announced restructuring. This has weighed on our target price. Although the impact has been mitigated by the slight increase in our SOTP following the adoption of