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UK Investor Magazine
HSBC buys SVB UK arm, Power Metal Resources and Tekcapital with Alan Green
Mar 13, 2023
22:01
The UK Investor Magazine Podcast is joined by Alan Green as we delve into market gyrations in the wake of SVB’s failure. We also discuss a number of UK equities.
We discuss:
- HSBC (LON:HSBA)
- Power Metal Resources (LON:POW)
- Tekcapital (LON:TEK)
HSBC has stepped in to buy SVB’s UK arm and provide certainty to their deposit holders. This has avoided immediate contagion but investors a still clearly uncertain about the medium term consequences as the FTSE 100 drops another 2% in early trade on Monday.
Tekcapital has announced MicroSalt has added another distributor in H Mart. H Mart will stock their SaltMe crisps.
We also look at Power Metal Resources and their change of personnel. Paul Johnson will stand down as CEO, but will remain a part of the company.
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