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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
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Share Price: 54.18
Bid: 54.40
Ask: 54.44
Change: 0.12 (0.22%)
Spread: 0.04 (0.074%)
Open: 53.96
High: 54.42
Low: 53.30
Prev. Close: 54.06
LLOY Live PriceLast checked at -

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Broker snap: Goldman Sachs and Investec go head-to-head over RBS

Tue, 09th Jul 2013 15:02

Analysts at Investec and Goldman Sachs now agree that shares of Royal Bank of Scotland [RBS] are a buy, but differ markedly on whether a hypothetical break-up of the lender into a so-called good bank and a bad bank is the correct way to proceed. Thus, the former today upgraded its view on the stock to buy (from hold) and raised its price target to 370p (from 350p), saying that the 'hurdles' to such an operation - as set out by the Chancellor at his mansion House speech - can be overcome. More specifically, for example, they point out that:1. Provisions and capital held against high risk portfolios enable RBS to potentially transfer assets to a bad bank at a 29% discount to notional without impairing the group's regulatory capital ratios.2. The transfer of high risk assets off the RBS balance sheet would front-load steady-state, facilitating an accelerated re-privatization process.They have therefore decided to incorporate a bad bank scenario into their Return-on-Equity/Cost-of-Equity [RoE/CoE] based price target for RBS - assigning a 51% probability to it, resulting in the aforementioned upwards price target revision. On Monday, however, Investec wrote to clients telling them that: "we would hope that the Chancellor will see sense and step back from the brink. Does he really wish to embark upon such a destructive course of action ahead of an election for no discernible benefit?"In the broker's opinion RBS's non-core book will soon be comfortably below £50bn. As well, it sees "core" RBS as a key beneficiary of the second quarter recovery in mortgage volumes - both financially (in terms of RBS' performance) and politically. RBS is also set to benefit from a rise in mortgage pricing, courtesy of the latest measures introduced by the PRA, they say, although Lloyds is expected tobe the main beneficiary.AB
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3 Jul 2023 09:26

UK banks criticised by lawmakers for 'measly' savings rates

LONDON, July 3 (Reuters) - British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament's influential Treasury Select Committee.

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30 Jun 2023 13:09

British mortgage lenders now have options in place to ease interest rate pain -FCA

LONDON, June 30 (Reuters) - Banks and building societies in Britain now have options in place to offer to mortgage customers to ease the pain of rising interest rates, the Financial Conduct Authority (FCA) said on Friday.

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30 Jun 2023 12:39

British mortgage lenders can offer options to help ease interest rate pain -FCA

LONDON, June 30 (Reuters) - Banks and building societies in Britain can offer mortgage customers options to ease the pain of rising interest rates, the Financial Conduct Authority (FCA) said on Friday.

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30 Jun 2023 09:39

TOP NEWS: Barratt Developments sells over 600 homes to Lloyds Banking

(Alliance News) - Barratt Developments PLC on Friday said it will sell 604 homes to Citra Living Properties Ltd for GBP168.4 million in cash.

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30 Jun 2023 09:22

LONDON MARKET OPEN: Stocks rise amid strong US economic outlook

(Alliance News) - European markets opened higher on Friday, shaking off weak economic data from China and instead taking heart from stronger economic growth from the US.

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30 Jun 2023 08:22

UK's Barratt looks to boost revenue with $212.6 mln homes sale deal with Citra

June 30 (Reuters) - Barratt Developments on Friday said it had agreed to sell 604 homes to Lloyds' private rental subsidiary Citra Living for 168.4 million pounds ($212.57 million) in cash, as Britain's largest housebuilder looks to diversify revenue.

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30 Jun 2023 07:56

LONDON BRIEFING: Markets ponder strong US economy, slow China recovery

(Alliance News) - Stocks in London were called higher on Friday, as investors weighed conflicting economic data from the world's two largest economies.

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29 Jun 2023 12:35

Intel vs Nvidia: mind the gap

STOXX Europe 600 up 0.3%

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29 Jun 2023 11:28

What a PP, Vox-led Spain could mean for equities?

STOXX Europe 600 up 0.1%

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29 Jun 2023 10:29

UK banks: reasons to buy on weakness

STOXX Europe 600 up 0.1%

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29 Jun 2023 09:00

LONDON BROKER RATINGS: Exane cuts Ashtead; Investec likes De La Rue

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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26 Jun 2023 17:39

UK banks face profit hit from rising threat of economic hard landing

(Alliance News) - JPMorgan on Monday warned that high street lenders, Lloyds Banking Group PLC, Barclays PLC and NatWest Group PLC, face a profit squeeze in the event of a hard-landing for the UK economy.

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26 Jun 2023 16:28

UK finance minister Hunt says banks are slow to pass on rate hikes to savers

LONDON, June 26 (Reuters) - Britain's finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved.

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26 Jun 2023 11:57

LONDON MARKET MIDDAY: Risk-off amid higher rates, Russia instability

Alliance News) - Stock prices in London were lower at midday on Monday, as an aborted uprising in Russia over the weekend and hawkish moves from central banks over the past two weeks caused investors to tread carefully.

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26 Jun 2023 10:10

JPMorgan downgrades Lloyds to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

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