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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 51.92
Bid: 51.90
Ask: 51.94
Change: -0.38 (-0.73%)
Spread: 0.04 (0.077%)
Open: 52.68
High: 52.82
Low: 51.72
Prev. Close: 52.30
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Lloyds may sell larger stake in TSB IPO - UPDATE

Thu, 19th Jun 2014 09:55

Lloyds Banking Group is reportedly looking to sell a bigger stake in TSB than previously expected when the high street banking arm floats on the stock market on Friday.Lloyds, which is disposing of the 631 branches that form TSB as a condition of its state bailout in 2009, said earlier this month that it would offer 125m shares in the initial public offering (IPO), representing a 25% stake.However, according to various media reports, the bank is now thinking about raising the amount that it intends to offload after strong demand from investors.The offer range was set on June 9th at between 220p and 290p, valuing TSB at £1.1bn to £1.5bn. Reuters this week cited sources as saying that the range was narrowed to between 250p and 270p. This range was "well-oversubscribed" and valued TSB at a minimum of £1.3bn.Meanwhile, other rumours suggest that Lloyds could sell up to 35%, or 175m shares, in an attempt to tap into this demand.Investor appetite for the IPO has allegedly increased since Bank of England Governor Mark Carney last week signalled that interest rates could rise sooner than expected. It is thought that TSB's £17.7bn mortgage portfolio will benefit from higher rates.While the bank will still likely take a hit on the sale - having recently valued TSB at £1.55bn in its accounts - the sell-off of a bigger stake may come as a relief to investors following the botched disposal to the Co-operating Bank that fell through last year.Lloyds must get rid of its remaining shares in TSB by the end of 2015.Lloyds' shares were down 0.2% at 77.54p by 14:15.BC
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5 Oct 2023 16:54

LONDON MARKET CLOSE: FTSE 100 rises but banks struggle on Metro woe

(Alliance News) - Stock prices in Europe ended mixed on Thursday, with the FTSE 100 outperforming despite some pressure on its banking shares, which suffered in a negative read-across amid worries for Metro Bank.

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22 Sep 2023 09:33

LONDON BROKER RATINGS: BoA likes Dowlais; JPMorgan cuts Phoenix Group

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

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5 Sep 2023 15:48

UK dividends calendar - next 7 days

Wednesday 6 September 
no events scheduled 
Thursday 7 September 
Admiral Group PLCex-dividend payment date
Alpha Financial Markets Consulting PLCex-dividend payment date
Anglo-Eastern Plantations PLCex-dividend payment date
Assura PLCex-dividend payment date
Athelney Trust PLCex-dividend payment date
Baltic Classifieds Group PLCex-dividend payment date
Blackrock World Mining Trust PLCex-dividend payment date
CLS Holdings PLCex-dividend payment date
CT UK Capital & Income Investment Trust PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Develop North PLCex-dividend payment date
DS Smith PLCex-dividend payment date
Empiric Student Property PLCex-dividend payment date
GlobalData PLCex-dividend payment date
Greggs PLCex-dividend payment date
Harbour Energy PLCex-dividend payment date
Pollen Street PLCex-dividend payment date
Prudential PLCex-dividend payment date
Relx PLCdividend payment date
RM Infrastructure Income PLCex-dividend payment date
Serco Group PLCex-dividend payment date
Severfield PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
XP Power Ltdex-dividend payment date
Zotefoams PLCex-dividend payment date
Friday 8 September 
abrdn New Dawn Investment Trust PLCdividend payment date
Avon Protection PLCdividend payment date
Berkeley Group Holdings PLCdividend payment date
Chemring Group PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
iomart Group PLCdividend payment date
Keller Group PLCdividend payment date
Lookers PLCdividend payment date
Moneysupermarket.com Group PLCdividend payment date
Nichols PLCdividend payment date
Tritax EuroBox PLCdividend payment date
Tyman PLCdividend payment date
Monday 11 September 
AstraZeneca PLCdividend payment date
Games Workshop Group PLCdividend payment date
Rentokil Initial PLCdividend payment date
Residential Secure Income PLCdividend payment date
ThomasLloyd Energy Impact Trust PLCdividend payment date
Tuesday 12 September 
Ashtead Group PLCdividend payment date
Foxtons Group PLCdividend payment date
Lindsell Train Investment Trust PLCdividend payment date
Lloyds Banking Group PLCdividend payment date
LMS Capital PLCdividend payment date
  
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1 Sep 2023 00:01

Some UK banks improving interest rates for savers, says watchdog

LONDON, Sept 1 (Reuters) - More savings accounts are offering higher interest rates as a more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain's Financial Conduct Authority (FCA) said on Friday.

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18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

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17 Aug 2023 22:30

Britain makes access to fee-free cash machine a legal right

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

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14 Aug 2023 17:18

UK watchdog kicks off 'politically-exposed persons' review

LONDON, Aug 14 (Reuters) - Britain's Financial Conduct Authority said on Monday it will ask lawmakers to report any problems they have opening or maintaining a bank account ahead of a formal investigation.

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12 Aug 2023 20:08

Daily Mail in talks with investors over potential bid for Britain's Telegraph

Aug 12 (Reuters) - The Daily Mail and General Trust has registered its interest with British bank Lloyds for a potential bid for The Telegraph, a spokesperson told Reuters on Saturday.

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10 Aug 2023 15:08

National World sizes up possible bid for Telegraph Media Group

(Alliance News) - National World PLC on Thursday said it is considering making an offer for the Telegraph Media Group, the up for sale operator of the Daily Telegraph newspaper in the UK and Spectator magazine.

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9 Aug 2023 16:16

FTSE 100 movers: Commodity stocks rise, Hiscox sinks

(Sharecast News) - Mining stocks were up across the board on Wednesday, clawing back losses after a poor showing the previous session as weak economic data from China fuelled concerns over demand.

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4 Aug 2023 08:14

TOP NEWS: WPP cuts outlook as US tech customers keep lid on spending

(Alliance News) - WPP PLC on Friday cut its yearly guidance, as the advertising company's second-quarter was hurt by weaker spend in its US technology clients.

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3 Aug 2023 19:13

UK's Hunt asks financial watchdog to urgently review 'debanking' concerns

LONDON, Aug 3 (Reuters) - British finance minister Jeremy Hunt said on Thursday he had asked the country's financial services watchdog to urgently investigate terminations of bank accounts and suggested that lenders who have broken the law should be fined.

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3 Aug 2023 18:35

Britain's banks told to give data on terminating customer accounts

LONDON, Aug 3 (Reuters) - Britain's Financial Conduct Authority said on Thursday it will ask banks and building societies for data on customer account terminations to check if they were justified or break the law.

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3 Aug 2023 12:17

LONDON MARKET MIDDAY: Pound under pressure after BoE hike

(Alliance News) - European equities went into Thursday afternoon on the back foot, extending losses suffered on Wednesday following a US credit rating cut from Fitch, while the pound struggled to make headway after the Bank of England raised rates by 25 basis points, as expected.

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31 Jul 2023 21:47

IN BRIEF: Lloyds corporate affairs chief sells GBP150,350 shares

Lloyds Banking Group PLC - Edinburgh, Scotland-based bank - Chief Corporate Affairs Officer Andrew Walton sells 333,333 shares at 45.105 pence each on Thursday last week. Total aggregate value is GBP150,350.

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