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Share Price: 55.92

Bid: 55.90

Ask: 55.92

Change: -0.28 (-0.50%)

Spread: 0.02 (0.036%)

Open: 55.98

High: 56.06

Low: 55.82

Prev. Close: 56.20

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Broker snap: Nomura keeps 'reduce' rating for Lloyds

Tue, 30th Apr 2013 10:59

Lloyds' first-quarter results were modestly ahead of consensus estimates, but Nomura has maintained its 'reduce' rating for the bank, saying that the strong share-price reaction on Tuesday morning was overdone.The stock was up 4.43% at 55.87p after having hit an intraday high of 57.21p early on.Underlying profit before tax (PBT) came in at £1,085m, ahead of the Bloomberg consensus estimate for £1,027m and Nomura's £884m prediction.However, underlying core PBT of £1,477m missed the broker's forecast for £1,654m and was below the fourth-quarter (2012) figure of £1,480m.Nomura thinks that Lloyds' cost guidance - to reduce total costs to £9.6bn this year, better than previous £9.8bn target - will likely drive headline upgrades to consensus estimate of 1-2% but this is driven by the sale of its stake in St James's Place relative to current expectations.The broker said that the "core cost of risk has not improved from the 2012 run rate".A 42p target price for the stock was maintained.BC

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3 Nov 2023 08:43

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27 Oct 2023 21:11

EXECUTIVE CHANGES: Anglesey Mining chair ousted, Strix CFO to retire

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27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

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27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

27 Oct 2023 11:04

UAE lender to support Barclays family with £1bn bid for Telegraph - report

(Sharecast News) - First Abu Dhabi Bank, the largest bank in the United Arab Emirates, is rumoured to be the backer of the Barclays family's £1bn bid for The Telegraph.

27 Oct 2023 09:12

LONDON MARKET OPEN: NatWest trims outlook and admits Farage "failings"

(Alliance News) - London's FTSE 100 opened slightly lower on Friday, as banking stocks weighed on the index, with NatWest the worst of the lot after admitting to "serious failings" following a review of the controversial closure of UK politician Nigel Farage's Coutts account.

26 Oct 2023 11:44

Berenberg stays at 'hold' on Lloyds Banking

(Sharecast News) - Analysts at Berenberg reiterated their 'hold' rating and 58.0p target price on financial services giant Lloyds Banking Group on Thursday, stating it still sees better opportunities elsewhere.

26 Oct 2023 09:24

LONDON BROKER RATINGS: HSBC cuts Reckitt to 'hold' from 'buy'

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

26 Oct 2023 07:51

LONDON BRIEFING: PizzaExpress owner makes play for Restaurant Group

(Alliance News) - The FTSE 100 is set to open lower on Thursday, as investors nervously look ahead to a key interest rate decision from the European Central Bank, and US economic growth data.

25 Oct 2023 17:07

LONDON MARKET CLOSE: FTSE 100 fights off early losses in mixed trading

(Alliance News) - Stock prices in London closed mixed on Wednesday, as concerns over monetary policy and developments in the Middle East lingered.

25 Oct 2023 15:11

London close: Stocks end choppy session mixed

(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors weighed a number of factors.

25 Oct 2023 09:10

LONDON MARKET OPEN: Essentra falls as profit hit; banks edge lower

(Alliance News) - Stock prices in London opened lower on Wednesday, as investors digest the latest company earnings.

25 Oct 2023 08:39

TOP NEWS: Lloyds Banking profit up and sticks with margin outlook

(Alliance News) - Lloyds Banking Group PLC on Wednesday maintained its annual net interest margin guidance and reported consensus-topping third-quarter profit, though top-line growth fell just shy of loftier expectations.

25 Oct 2023 07:49

LONDON BRIEFING: Reckitt begins USD1 billion buyback; Lloyds profit up

(Alliance News) - Stocks in London are expected to tread water on Wednesday, despite a strong performance in the US and Asia.

25 Oct 2023 07:01

Lloyds Bank Q3 profits surge despite lower lending

(Sharecast News) - Lloyds Bank reported a massive jump in third quarter profits as it continued to cash in on higher interest rates, despite a reduction in lending to customers amid tough macroeconomic conditions.

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Broker snap: Nomura keeps 'reduce' rating for Lloyds

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