Skip to content
 

Three Quick Facts: HSBC Holdings, Nightcap and Plus500

*

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. HSBC well ahead of consensus estimates

HSBC Holdings [LON:HSBA] reported Q3 profits this morning, with a 75% uptick being well ahead of consensus estimates which had forecast a 23% rise. Bad debt provisions have been reduced sharply which is helping bolster performance and although there’s no dividend being declared, the company will initiate a share buyback as the company is now left sitting on surplus regulatory capital. Shares advanced modestly in Hong Kong trade as a result, although early gains proved difficult to maintain.

#2. Nightcap performance ahead of management expectations

AIM Listed bar operator Nightcap [LON:NGHT] has issued a trading update this morning. The company notes that its performance remains ahead of management expectations and that three new sites are on course to open before the Christmas peak trading period, taking its portfolio of bars to 21.

#3. Plus500 full year revenues will be ahead of consensus forecasts

Plus500 [LON:PLUS] has issued its Q3 trading statement today, showing a familiar pattern for the industry. Figures remain well ahead of 2019 numbers, but have plateaued against the 2020 comparatives. Regardless, management’s expectations are that given the stellar performance in the year to date, full year revenues will be ahead of consensus forecasts.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
FP Markets
Pepperstone
WisdomTree
CME Group
Back To Top