Lloyds Banking Group, produced by the merger of Lloyds TSB and the Halifax banking group HBOS, is the biggest ever UK bank. The combined group, with around 145,000 staff and 3,000 branches, will control around a third of UK's mortgages and a quarter of all savings. The government owns 43.4% of Lloyds Banking Group, 36% are owned by Lloyds TSB shareholders and 20% by HBOS shareholders.
Hi sorry but, but this tapering news how bad could it potentially affect this share going down?
Trend for today
Good morning all.The market seems to be looking for a direction.LLOY is in the positive territory so far. IMHO we are unlikely to see any drama. Hope Mr Bluesky is right as very often he is. LLOY is heavy weight on my portfolio as many here appear to have GLA
I think its a case of tapering now or spring. That is what the main driver for the downward direction at the moment, as mentioned should it be delayed until spring the downward turn will soon end and off we go again. I for one think its spring and we hit new highs as year end gets closer GLA and silly season is taking its toll ;-)
LLOY is still in its trading range after 6 weeks of ftse declines. what does that tell you about the strength of this ? This is all because of taper fears and when the markets are told it wont happen until Q2 2014 at the earliest the markets will rally IMO. Mr Bluesky THE FTSE 100 fell again yesterday, putting it on course for what is expected to be its longest weekly losing streak since the 2008 financial crisis. The blue-chip index would have to rally by 106 points today to reverse what will otherwise mark its first six consecutive weekly decline in over five and a half years. Yesterday, the FTSE slipped 0.96 per cent to 6,445.25, meaning that it has already fallen 1.6 per cent this week. The companies listed on the FTSE make an estimated quarter of their revenues in the US, and analysts said the recent weakness was due to uncertainty over when the Federal Reserve planned to start scaling back its massive $85bn a month stimulus programme. “The market doesn’t know – is the tapering going to start, or isn’t it? When you get that sort of uncertainty with something so important, that just puts a lid on any further progress,” said Stephens at RD Signature. The recent weakness of the FTSE has also been exacerbated by the pound, which hit a two-year high against the dollar this week, eating into the revenues of British exporters. -
Yesterday was interesting everything down in my portfolio - no bad news just sentiment - today we shall see - fingers crossed
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