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Snam - 1 — CNBC's Michael Bloom - 1
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British - 1 HSBC - 1 CNBC Pro - 1 Companies - 1 Hermes - 1 British Foods - 1 Bachem - 1 Nokia - 1

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2 mentions found


☆ Rates are rising in Europe. HSBC names the region's 'most and least vulnerable stocks'
  + stars: | 2023-09-19 | by ( Amala Balakrishner | ) www.cnbc.com   time to read: +3 min
CNBC Pro takes a look at the bank's two screens of "the most and least vulnerable" stocks: one for "cash-rich" companies and the other for "high leverage" names. 'Cash-rich' names HSBC named "cash-rich companies relatively immune to rising borrowing rates." HSBC's screens in this category include French luxury goods label Hermes International , with a net debt of 9,222 euros ($9,834.11), British food processing company Associated British Foods (net debt of 1,709.39 euros) and Swiss biotech player Bachem Holding (net debt of 271.15 euros). Names with high debt HSBC also screened for companies with high leverage, meaning high net debt to equity and net debt to EBITDA ratios. Companies with high debt are seen to be vulnerable to further rises in interest rates.
Persons: Snam, — CNBC's Michael Bloom Organizations: British, HSBC, CNBC Pro, Companies, Hermes, British Foods, Bachem, Nokia, Daimler Truck Holding, Imperial Brands, Benz Group Locations: Europe, Swiss, Finnish
☆ Banks keep European shares afloat
  + stars: | 2022-09-20 | by ( Shreyashi Sanyal | ) www.reuters.com   time to read: +3 min
REUTERS/StaffSummarySummary Companies Bank stocks set to outperform European sectors for the monthFed expected to raise interest rates by 75bps on WednesdaySwedish c.bank surprises with full percentage point rate hikeSept 20 (Reuters) - European shares edged higher on Tuesday, boosted by banks, while expectations of another large interest rate hike by the U.S. Federal Reserve kept risk-taking bets in check. The pan-European STOXX 600 (.STOXX) index added 0.1%, after a soft start to the week, with banks (.SX7P) climbing 1.6% by 0759 GMT as lenders tend to benefit from a high interest rate environment. The U.S. central bank will likely deliver its third straight super-sized 75 basis point interest rate hike on Wednesday, toughening its stance on persistent inflation. "It's all about central banks this week and it looks like the traders are actually pricing in both the Fed's rate hike and the interest rate hike from the Bank of England," said Erik-Jan van Harn, macro strategist at RaboResearch. Shares of Bachem Holding (BANB.S) soared 9.0%, to the top of the STOXX index, after the Swiss biotech supplier signed two new contracts for peptides.
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