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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: 55.50
Bid: 55.48
Ask: 55.52
Change: 0.28 (0.51%)
Spread: 0.04 (0.072%)
Open: 55.18
High: 55.52
Low: 55.08
Prev. Close: 55.22
LLOY Live PriceLast checked at -

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Broker snap: Lloyds still a 'hold' ahead of Q1 results, says Investec

Mon, 22nd Apr 2013 09:28

Investec has kept its 'hold' recommendation and 50p target price for UK banking group Lloyds, saying that it unwilling to turn positive on the stock ahead of its first-quarter trading update on April 30th.The broker forecasts Lloyds' tangible net asset value (tNAV) per share to fall from 55p at the end of the 2012 to 53p by the end of the first quarter, reflecting the impact of the IAS19 accounting changes on employee benefits. This means that Lloyds is already trading on 0.9 times tNAV, Investec said."Near-term, the dilutive trickle of new equity issuance continues, while the medium-term revenue/return on equity (RoE) outlook is too weak to support a price objective beyond 50p," said analyst Ian Gordon.The broker expects Lloyds' RoE to recover to 7.9% by 2015, but this still remains below the cost of equity (CoE).Nevertheless, Lloyds is expected to return to "modest profitability" in the first quarter due to much lower exceptional items as well as a further one-off benefit from gilt sales. Investec is looking for earnings per share (EPS) of 0.9p, compared to 0.0p in the first quarter of 2012. This equates to a 'statutory' profit before tax of £1.1bn and an 'underlying' profit before tax of £1.2bn.As for this weekend's media speculation surrounding the possible disposal of Scottish Widows Investment Partnership (SWIP), Gordon said that "this would appear to represent 'no big deal' for Lloyds' shareholders"."EPS dilution would be modest given SWIP's current contribution of c.0.1p per annum, and we would expect any sale price to be below £1bn, suggesting only a small disposal gain."Despite the cautious comments, the stock was up 2.65% at 48.75p by 09:40 on Monday, recovering after its 2.46% fall over the last week.BC
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3 May 2023 12:06

LONDON MARKET MIDDAY: Stocks up ahead of US Fed rate decision

(Alliance News) - Blue-chip equities in Europe were higher at midday on Wednesday, before the Federal Reserve takes centre-stage, as a key week for central bank decisions and US labour market data picks up speed.

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3 May 2023 09:11

LONDON MARKET OPEN: Dollar softens ahead of US rate announcement

(Alliance News) - Stock prices in London opened in the green on Wednesday, as investors await what is anticipated to be the final interest rate hike from the US Federal Reserve this tightening cycle.

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3 May 2023 09:10

TOP NEWS: Lloyds backs guidance as first-quarter profit rises 46%

(Alliance News) - Lloyds Banking Group PLC on Wednesday said first quarter profit was up in line with improving income, including interest income, while it backed its annual guidance.

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3 May 2023 08:23

UK's Lloyds beats profit forecasts, signals stresses ahead

LONDON, May 3 (Reuters) - Interest rate rises helped British bank Lloyds beat first quarter profit forecasts on Wednesday, but early signs of stress among some borrowers pointed to tougher times ahead.

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3 May 2023 07:52

LONDON BRIEFING: Lloyds profit jumps 46%; Flutter revenue up 54%

(Alliance News) - Stocks in London were called to open on Wednesday higher ahead of the US interest rate decision announcement, amid mostly positive updates from London's large-cap companies.

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3 May 2023 07:03

Lloyds Q1 46% profit jump beats expectations

(Sharecast News) - Lloyds Bank became the latest UK lender to beat quarterly profits forecasts as earnings surged on the back of higher interest rates, although deposits fell sharply.

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2 May 2023 13:35

Wednesday preview: US Fed decision, Lloyds in focus

(Sharecast News) - All eyes on Thursday would be on the US central bank as it announced its latest policy decision.

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28 Apr 2023 21:08

TRADING UPDATES: Wells Fargo joins LendInvest GBP200 million financing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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28 Apr 2023 18:00

Britain's Lloyds to repay AT1 debt as market recovers from Credit Suisse shock

LONDON, April 28 (Reuters) - Lloyds, Britain's biggest domestic bank, said on Friday it will repay an 'Additional Tier 1' (AT1) bond in June, the latest sign of a market recovery after a Swiss decision to write down such debt as part of the rescue takeover of Credit Suisse.

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28 Apr 2023 16:14

Lloyds to repay shock-absorbing AT1 bond in June

LONDON, April 28 (Reuters) - Britain's biggest domestic bank Lloyds said on Friday it will repay a shock-absorbing 'Additional Tier 1' (AT1) perpetual bond at its first opportunity on June 27.

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26 Apr 2023 14:49

Global finance 'giant' Win Bischoff lauded by industry as dies aged 81

LONDON, April 26 (Reuters) - Win Bischoff, who was among the most influential and celebrated financiers of his generation, has died at the age of 81, prompting tributes from the industry he helped shape.

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26 Apr 2023 12:36

STOXX earnings estimates fall again

STOXX 600 down 0.7%

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26 Apr 2023 11:16

Eurozone stocks: positives vs negatives

STOXX 600 down 0.7%

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26 Apr 2023 10:55

Veteran banker Win Bischoff dies at 81 - Sky News

LONDON, April 26 (Reuters) - Win Bischoff, one of the world's most influential and celebrated financiers, has died at the age of 81, Sky News reported on Wednesday.

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26 Apr 2023 09:27

Lloyd's expects insurer settlements on planes stuck in Russia -Irish Independent

DUBLIN, April 26 (Reuters) - Lloyd's of London expects insurers will eventually reach a settlement with aircraft lessors over claims made over the loss of hundreds of aircraft stuck in Russia, the commercial insurance market's chairman was quoted as saying on Wednesday.

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