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Footsie reached levels not seen since 2008 in afternoon dealings, but the gains dwindled after a poor start in the US and the leading share index finished just a few points in the blue. Banks led the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combin
Read moreFootsie hit a 21-month high as banks charged forward after Lloyds said it would be profitable on a combined businesses basis in 2010. Chief executive Eric Daniels said trading in the first 10 weeks of 2010 had been "strong", prompting UBS to lift is rating on Lloyds shares to 'buy' from 'neutral' w
Read moreFootsie marked time over the lunch time session after hitting levels in the morning session not seen since June 2008. Banks continue to lead the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Danie
Read moreThere was a rush to buy Lloyds Banking Group shares on Friday morning after the bank's chief executive officer, Eric Daniels, held out hope of a return to profitability in 2010, but Charles Stanley is refusing to get caught up in the euphoria. The broker is sticking with its 'hold' recommendation,
Read moreThere was a rush to buy Lloyds Banking Group shares on Friday after the bank's chief executive officer, Eric Daniels, held out hope of a return to profitability in 2010, but Charles Stanley is refusing to get caught up in the euphoria. The broker is sticking with its 'hold' recommendation, having i
Read moreRisers outnumber fallers by around four to one among FTSE 100 constituents as the market continues to enjoy a sentiment boost from an impromptu and upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed
Read moreLloyds leads the banking sector after giving an impromptu and upbeat trading update ahead of a presentation at the Morgan Stanley european financials conference today. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday. Daniels said trading
Read moreLondon's top stocks have started strongly after the Dow posted its eighth day of gains and Lloyds Banking predicted a profit this year. Part-nationalised lender Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday. In a short statement ahead
Read moreLondon's top stocks look set to start the last trading day of the week on a positive note, with traders expecting Footsie to add about 10 points early on. Part-nationalised lender Lloyds Banking will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday.
Read morePart-nationalised lender Lloyds Banking will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday. In a short statement ahead of a presentation at the Morgan Stanley European Financials Conference later today, Daniels said trading in the first 10 weeks o
Read moreLondon's top stocks have slipped back in early dealings on Thursday, with banks leading the index lower. Lloyds Banking, Barclays and Royal Bank of Scotland are the three worst performers on the Footsie, closely followed by HSBC. Bakery and sandwich chain Greggs saw full-year profits come in sligh
Read moreBroker Seymour Pierce has written a bearish assessment of the prospects for UK banks, with sell ratings for Lloyds, Royal Bank of Scotland and Barclays. The broker expects the banks will see more revenue disappointment before rebuilding their profitability and believes expectations for banking inco
Read moreLloyds Banking is believed to be considering plans to hive off a portion of its giant commercial property portfolio into a separate, tax-efficient company. Senior figures within the bank are thought to have put forward the idea, which would see some of the £50bn to £75bn worth of assets and loans in
Read moreThe leading share index limped higher to into the weekend only a few points ahead on the week. Lloyds, Royal Bank of Scotland and Barclays gained. Life groups Old Mutual, Legal & General and Standard Life are also in demand. HSBC was the exception among the financials after Goldman Sachs reduced i
Read moreFutures pointing to a strong start on Wall Street after better than expected retail sales figures and demand for the UK banks have kept Footsie moving upwards. Lloyds, Royal Bank of Scotland and Barclays are all higher. Life groups Old Mutual, Legal & General and Standard Life are also in demand.
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