This stock is consolidating now that the ii's have a clear route to the stock. They can smell a divi and are keen to get in sooner rather than later while stock is undervalued. There will now be a cautious but steady upload of LLOY by the institutions over the next several months - in the background. This will be reflected in a small but noticeable climb in the SP, a final burst of activity happening when AHO delivers a +ve H3 statement in this regard.
Moody’s downgrades South Africa’s four main banks: Moody’s, the rating agency, downgraded the credit ratings of South Africa’s four dominant banks as the country’s financial sector continues to endure the ripple effects of the collapse of African Bank, the nation’s biggest lender of unsecured loans
On an annual basis, the house price index in the UK climbed 10.2% in June, compared to a revised 10.4% increase recorded in the previous month. Markets were expecting the ONS house price index to rise 10.2% in June.
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