Standard Chartered posts 10% rise in first-half profit, launches US$1b buy-back
- Source
- South China Morning Post - Business
- Source link
- https://www.scmp.com/business/banking-finance/article/3362209/standard-chartered-posts-10-rise-first-half-profit-launches-us1b-buy-back?utm_source=rss_feed
- Published
- 2026-07-29 04:28:12
- Discovered by ProcIntel
- 2026-07-31 11:07:43
- Category
- Procurement & Supply Chain News
- Geography
- China
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
Standard Chartered shares rose 3.9 per cent to HK$231.40 on Wednesday after the bank announced strong first-half results and a US$1 billion share buy-back programme. The London-headquartered lender reported a 10 per cent rise in its first-half profit as strong wealth management gains were offset by an impairment charge tied to the Middle East conflict. The US$1 billion share buy-back will start immediately, according to a stock exchange filing on Wednesday. Net profit climbed 10 per cent in the...
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "1 linked geography"
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Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.