Lloyds Share News (LLOY)

UK watchdog curbs retail sales of bank CoCo bonds

LONDON, Aug 5 (Reuters) - Britain's banks should not actively market hybrid debt known as contingent convertible bonds or CoCos to the mass market from October 1, the UK Financial Conduct Authority said on Tuesday. Banks are under pressure from regulators to issue CoCo bonds to bolster thei

UPDATE: Moody's Cuts UK Banking System Outlook To Negative From Stable

UPDATE 1-Moody's downgrades outlook on UK banks to negative

* UK bank outlook changed to negative from stable * Cites new regulations to prevent taxpayer bailouts (Adds further details, comments from analyst) LONDON, Aug 5 (Reuters) - Moody's Investors Service has revised down its outlook on British banks, saying new regulations designed to

Moody's downgrades outlook on UK banks to negative

LONDON, Aug 5 (Reuters) - Moody's Investors Service has revised down its outlook on British banks, citing new regulations designed to prevent taxpayers having to stump up funds to rescue failing banks. Moody's said on Tuesday it had downgraded its view of the sector to 'negative' from 'stab

FTSE 100 movers: Intertek, HSBC lead risers after H1 results

Product testing, inspection and certification group Intertek saw its share price surge 7% after half-year profits beat estimates despite sales falling short of forecasts. The company said that earnings per share slipped to 61.2p in the first six months of the year, down 1.1% on the year but above th

Sector movers: UK banking stocks rise after HSBC results

Banking stocks were leading the risers in London on Monday after investors gave a welcome reception to first-half results from sector heavyweight HSBC. HSBC shares were up 1.5% at 638.7p in afternoon trade despite the company reporting a worse-than-expected 12% fall in half-year profits. The bank

London midday: UK stocks snap three-day decline as HSBC rises

- HSBC leads banks higher, Intertek rises - UK construction PMI beats forecasts - Portugal concerns ease after BES rescue techMARK 2,748.21 -0.12% FTSE 100 6,711.03 +0.48% FTSE 250 15,387.53 -0.10% UK stocks pushed higher on Monday as the FTSE 100 rebounded after three straight days of losses, as

UK WINNERS & LOSERS: HSBC And Intertek Rise Despite Lower Profit

Monday newspaper round-up: Banco Espírito Santo, Lloyds, Carillion...

Portugal's troubled Banco Espírito Santo has been renamed "Novo Banco" (New Bank), and split into a "good" and a "bad" bank under a €4.9-billion rescue plan drawn up by the country's central bank to keep the lender afloat. The Bank of Portugal stepped in last night after a disastrous week in which s

Sunday newspaper round-up: Carillion-Balfour, share sell-off, Lloyds Banking

Carillion plans to put Balfour Beatty in a "bear hug" to tempt Balfour's shareholders to support its attempted takeover, the Sunday Times said. Carillion last week scuppered a planned all-share merger when it backtracked on the agreed sale of Balfour's Parsons Brinckerhoff US design consultancy. Wit

Friday broker round-up UPDATE

AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f

UK BROKER RATINGS: Shell Upgraded After Strong Results

Some lenders eye exit as Dubai World seeks to revise $25 bln debt deal

* Dubai World proposes to make 1st big repayment early, delay 2nd * Strong Dubai economy may help persuade lenders * Unclear if new interest rate, asset sale timetable would be set * Lloyds attempt to cut exposure was called off - sources * Other banks believed to be consi

London close: FTSE lower on US fed, Russian sanctions, corporate news

- FTSE closes down 43.44 at 6,730.11 - Eurozone CPI comes in at 0.4% - UK house prices rise slowest since April 2013 techMARK 2,764.95 -0.52% FTSE 100 6,730.11 -0.64% FTSE 250 15,495.64 -0.86% The FTSE 100 suffered a drop in both early and late trade, ultimately closing 43.33 points lower at 6,730

FTSE 100 movers: Shell rises after Q2 profit beats expectations

Results from oil major Royal Dutch Shell jumped after it smashed analysts' estimates with its second-quarter profits. Shell, which has a market cap of around £156bn at current prices, said that earnings on a current cost of supplies basis surged to $5.1bn in the three months to 30 June, up from $2.4