Lloyds Share News (LLOY)

AGM, EGM Calendar - Week Ahead

Lloyds sells offshore insurer Clerical Medical to RL360

LONDON, May 7 (Reuters) - UK state-backed bank Lloyds has sold offshore life insurer Clerical Medical to investment manager RL360 for an undisclosed sum, Lloyds and RL360 said on Thursday. Clerical Medical's policies were closed to new business in March 2012. The firm is estimated to have

UK bankers say election stalemate threatens to hit business lending

* Uncertainty could affect loan demand * Funding costs could increase for UK banks * HSBC, Standard Chartered fear further tax hike * Lloyds, RBS vulnerable to market share caps By Matt Scuffham LONDON, May 6 (Reuters) - Lack of a clear winner in Britain's national e

MOVES-Brown Shipley Bank appoints Philip Wynn Private Client Director

May 6 (Reuters) - Brown Shipley Private Bank appointed Philip Wynn private client director in its London office. Wynn joins from Lloyds Private Banking, following a 35-year career with the Lloyds Banking Group, Brown Shipley said. At Brown Shipley, Wynn will be responsible for develop

London close: FTSE hits one-month low as HSBC leads late sell-off

Underwhelming results from banking heavyweight HSBC offset a late rally in the mining sector on Tuesday, with UK stock markets dropping into the red by the close. The FTSE 100, which rose to a high of 7,053.18 early on, finished down 58.37 points (-0.84%) at 6,927.58. This was the index's lowest clo

Tuesday broker round-up

Lloyds: Exane, UBS and Jefferies reiterated their buy recommendation, with the latter bumping up its price target to 201p from 88p. BT Group: Credit Suisse reiterates outperform and Barclays its overweight stance, with price targets of 495p and 600p, respectively. Aviva: Barclays ups target to 632p

Lloyds could surprise positively on dividends, broker says

Partially state-owned banking group Lloyd's strong capital progress could see the lender outstrip market forecasts for its dividend pay-outs and deliver further cash returns, JP Morgan said in a research note e-mailed to clients on Tuesday. Following the bank's first quarter results on 1 May analyst

Broker tips: Insurers, Housebuilders, Lloyds, RBS, Anglo American

Barclays Capital has lowered its recommendation for the entire European insurance sector from 'neutral' to 'negative'. The broker said companies are facing "significant and growing" capital and earnings headwinds, particularly in parts of the life insurance sector. As part of the sector-wide downgra

London midday: Markets up but gains limited ahead of election

Stocks started the shortened trading week positively on Tuesday, taking their cue from gains in Europe and the US the previous day. After being closed on Monday for the bank holiday, the FTSE 100 was up 0.38% at 7,012.52 by midday, rising for the third straight session. However, falls from HSBC, mi

Jefferies upgrades Lloyds to buy

Jefferies raised its rating on Lloyds Banking Group to buy from hold and upped the target price to 102p from 88p Tuesday, saying that the earnings downgrade cycle has troughed for the bank. "Investors are looking to invest in shares of banks which have de-risked, are returning capital, have positive

Eleco Sees Positive Start To 2015, As 2014 Hit By Sterling Strength

BROKER RATINGS SUMMARY: Barclays Reinitiates BT With Overweight

LONDON MORNING BRIEFING: Shares Start Election Week Higher

Earnings, Trading Statements Calendar - Week Ahead

Sunday share tips: Lloyds, Vedanta, DekelOil

The Conservative party's decision to sell the state's remaining stake in Lloyds - should it retain power - is a cockamamie scheme, as it would impose extra costs on the bank. Management should be focused on executing strategy, not on fulfilling election pledges. Nonetheless, the equity story for ret