3 FTSE Blue-Chip in Spotlight- HSBC Holdings Plc, Rolls-Royce Holdings Plc, Royal Dutch Shell Plc

Summary

  • HSBC is reportedly planning to sell its retail banking operations in France to cut costs across the group.
  • Rolls-Royce Holdings Plc hired Anita Frew as a new Non-Executive Director.
  • Royal Dutch Shell Plc will be paying quarterly dividend on 21 June 2021 to all eligible shareholders.

HSBC Holdings Plc (LON: HSBA)

FTSE 100 listed, HSBC is the largest banking and financial products and service provider worldwide. The company operates through its key segments like personal, commercial banking and wealth management and serves over 40 million customers from 64 countries and territories.

According to some media reports, HSBC is going to dispose of its retail banking operations in France to private equity firm Cerberus Group.

As part of the negotiation deal, HSBC is reportedly expected to put around €1 billion to recapitalise the business operations before selling it to the Cerberus Group.

The speculated France retail arm of Cerberus Group has close to 3900 staff across its 230 branches.

The HSBA shares were trading at GBX 430.45, down by 2.04% on 18 June at 16.08 pm GMT+1, with a market cap of £89.75 billion and the 52-week range of GBX 281.50/462.55. In the last 1-year, the stock has delivered a 12.77% return to its shareholders.

Rolls-Royce Holdings Plc (LON: RR)

London based Rolls-Royce Holdings Plc is multinational aerospace and defence company. It operates through its four different divisions power systems, civil aerospace, ITP aero and defence. Rolls-Royce is second-largest aircraft engine maker as well as 16th largest defence contractor in the world. It also provides maintenance and repair service to the aviation sector.

Recently, the company announced that with effect from 1 October 2021, it has hired Anita Frew as a Non-Executive Director and Chair. Anita Frew at present is chair of the Croda Group Plc. She is also the non-executive director of BHP Group, an Australian multinational mining company.

Warren East, chief executive, Rolls-Royce, said the company plans to reach net-zero carbon emissions by 2050. To achieve the target, the company has plans to spend 75% of its total R&D budget on low carbon technologies by 2025 from the current spending of 50%.

Each year Rolls-Royce spends over 1 billion pounds on research and development, but this figure saw a dip in the year 2020 as the company had finance constraint during the pandemic.

Rolls-Royce was trading at GBX 107.96, down by 3.54% at 16.1 pm GMT+1, with a market cap of £9.3 billion and 52-week range of GBX 34.59/137.40.  In the last 1-year, the stock has delivered a negative 5.15% return.

Also Read: Rolls-Royce’ New Offering: Boat Tail Car Exclusively For 3 High-Net Worth Individuals

Royal Dutch Shell Plc (LON: RDSA)

The company is known by its brand name Shell Group. The British-Dutch multinational company is active in every major class of oil and gas businesses, which includes exploration, production, refining, distribution and oil marketing.  

In a recent announcement, the company announced quarterly dividend payment on a different class of shares. Dividends will be paid on 21 June 2021 to all eligible shareholders whose names are in the register of Members as of 14th May 2021.

Dividends on Class A shares will be paid in euros at the rate of €0.1426 per A Share.

Dividends on Class B shares will be paid in pounds sterling at the rate of £12.26p per B Share.

Share of RDSA was at GBX 1,423.60, down by 2.76% on 18 June at 16:15 pm GMT+1, with a market cap of £60.04 billion, the 52-week range for the stock stood at GBX 878.10/ 1,598.15. In the last 1-year, the stock has delivered a 4.38% return to its shareholders.

Comment


Disclaimer