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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 51.76
Bid: 51.71
Ask: 51.73
Change: 0.00 (0.00%)
Spread: 0.02 (0.039%)
Open: 0.00
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Prev. Close: 51.76
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London afternoon: Cadbury melts as Nestle withdraws

Tue, 05th Jan 2010 14:26

The Footsie moved sideways over the lunch time session, with strength in financials and miners continuing to offset weakness among retailers.RBS adds to yesterday's stellar gains and is joined higher by fellow banks Barclays and Lloyds. The latter pair have been selected by Deutsche Bank as the best two recovery plays in the European banking sector.Broker comment also lifts the hedge fund manager Man Group. Nomura has a buy rating on Man, which it thinks offers a strong market position, balance sheet and yield.High street retailer Next is lower after it increased full-year profit forecasts again in response to better than expected sales in the run up to Christmas, but said it remains cautious on 2010. Profits for the year to 31 January will be between £490m and £500m, it says.Marks & Spencer, which updates the market on Christmas trading tomorrow, is also lower.Cadbury is lower after Swiss foods behemoth Nestle ruled itself out of the bid battle for the UK gum and chocolate maker. Nestle has still played its part in the fate of Cadbury, however, as it has agreed to buy the North American pizza business of Cadbury's predator Kraft Foods for $3.7bn, which has allowed the US company to beef up the cash element of its bid for Cadbury. It's the share element of Kraft's shares plus cash offer for Cadbury that is worrying Berkshire Hathaway, the investment vehicle of celebrated investor Warren Buffett. Berkshire Hathaway, which owns around 9.4% of Kraft's issued share capital, has urged shareholders to vote against a proposal to authorise the issuance of up to 370m Kraft shares to facilitate the proposed acquisition of Cadbury.The company said authorising the proposal would effectively give the Kraft board a blank cheque with which to increase its bid for Cadbury. "Kraft stock, at its current price of $27, is a very expensive 'currency' to be used in an acquisition," Buffett said in a statement Tuesday morning, adding that the board of Kraft had spent $3.6bn in 2007 buying back Kraft shares at $33 each, "presumably because the directors and management thought the shares to be worth more."Drugs firm GlaxoSmithKline is under the weather after France cancelled an order for 50m doses of H1N1 (swine flu) vaccine from Glaxo yesterday. Premier Oil has agreed with Serica Energy that it will farm-in to a 50% equity interest and assume operatorship of Block 22/19c in the UK Central North Sea. Block 22/19c contains the Oates and Bowers Palaeocene prospects.Balfour Beatty said Hong Kong-based infrastructure contractor Gammon Construction, in which the support services contracting firm has a 50% shareholding, has been awarded two new contracts valued at HK $2.27bn (£180m). Dublin based cement maker CRH expects full-year pre-tax profits to drop 55% and said trading conditions remain difficult.Construction and housebuilding group Galliford Try said it has been confirmed as a construction partner of the Equitix consortium, which has been appointed as the preferred bidder on the Cambridgeshire Building Schools for the Future (BSF) programme.Business is blooming at garden and horticultural products firm William Sinclair after a difficult 2008.Public sector outsourcing firm May Gurney has had its long term maintenance contract with South West Water renewed and extended.Agriculture and engineering firm Carr's Milling said it continues to expect an improved result for the full year, although trading in the first quarter was substantially below that for the strong first quarter of the previous year. Educational IT specialist RM Group has firmed up some of the details of its deal to provide on screen electronic marking services for the International Baccalaureate (IB) diploma qualification exams.Drug developer Ark Therapeutics said it is confident it has the necessary data to address concerns the European Committee for Medicinal Products for Human Use (CHMP) has over Ark's brain cancer treatment Cerepro. Shares in LSL Property are higher on news that 2009 results will be 'significantly' ahead of expectations, thanks to stronger than expected activity in the housing market in the second half.Solar power technology group Jetion Solar Holdings is enjoying a spell in the sun after it said net profit for 2009 will be well above market expectations of $11.7m.
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28 Mar 2024 09:29

Baltimore bridge collapse likely to result in multibillion-dollar insurance claims -Lloyd's of London

LONDON, March 28 (Reuters) - The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd's of London said on Thursday.

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27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

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21 Mar 2024 10:28

TOP NEWS: Virgin Money and Nationwide agree terms of acquisition

(Alliance News) - Nationwide Building Society on Thursday said that it had finalised terms for its acquisition of Virgin Money UK PLC, and set out the details of the deal set to create "the second largest provider of mortgages and savings in the UK".

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20 Mar 2024 08:44

Paypoint and Lloyds Banking Group extend cards partnership agreement

(Alliance News) - Lloyds Banking Group PLC will become the main card acquiring partner for PayPoint PLC under a deal announced on Wednesday.

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5 Mar 2024 09:55

IN BRIEF: Darktrace hires former Trainline HR head as new CPO

Darktrace PLC - Cambridge, England-headquartered cybersecurity company - Hires David Smith as new chief people officer, effective from April 15. Smith joins Darktrace from CPO role, assumed in September 2021, at software-as-a-service platform 10x Banking Technology Ltd. Company says he "has over 15 years' experience...in a range of people roles". These include serving as HR & talent director at Trainline PLC from October 2018 to November 2020. His other previous employers include Lloyds Banking Group PLC and Cleo AI Ltd.

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1 Mar 2024 15:06

London close: Stocks start the month with positive close

(Sharecast News) - London's financial markets finished in positive territory on Friday, with investor sentiment buoyed by the recent easing of inflation in the United States, as market participants mulled the latest manufacturing data from the UK.

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26 Feb 2024 16:09

Director dealings: Lloyds Banking chairman makes share purchase

(Sharecast News) - Lloyds Banking Group revealed on Monday that chairman Robin Budenberg had acquired 1.0m ordinary shares in the FTSE 100-listed financial services giant.

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26 Feb 2024 12:33

IN BRIEF: Lloyds Chair Robin Budenberg buys GBP455,000 in shares

Lloyds Banking Group PLC - Edinburgh-based financial services firm - Chair Robin Budenberg buys 1.0 million shares at GBP0.4549, worth GBP454,925, in London on Friday.

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26 Feb 2024 09:07

LONDON BROKER RATINGS: Jefferies raises ITM Power to 'buy'

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

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23 Feb 2024 10:13

IN BRIEF: Lloyds launches GBP2 billion share buyback programme

Lloyds Banking Group PLC - Edinburgh-based financial services firm - Commences share buyback for up to GBP2 billion worth of ordinary shares. The buyback, conducted by Morgan Stanley & Co International PLC, will run until December 31. Lloyds says that the purpose of the programme is to reduce its ordinary share capital, and the company intends to cancel all repurchased shares.

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23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

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

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22 Feb 2024 16:26

London close: Stocks rise amid raft of solid earnings

(Sharecast News) - London's stock markets finished in positive territory on Thursday, bolstered by upbeat performances from US AI chipmaker Nvidia and engine manufacturer Rolls-Royce.

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22 Feb 2024 09:59

CORRECT: Lloyds profit rises but books GBP450 million probe provision

(Correcting sum of Lloyds Banking Group PLC's final dividend.)

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22 Feb 2024 08:24

TOP NEWS: Lloyds profit rises but books GBP450 million probe provision

(Alliance News) - Lloyds Banking Group PLC on Thursday reported an annual profit surge and announced a new share buyback, though it said it has booked a provision in connection to a UK watchdog probe on historic motor finance arrangements.

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22 Feb 2024 07:49

LONDON BRIEFING: Lloyds sets aside GBP450 million for UK motor probe

(Alliance News) - Stocks in London are set to higher on Thursday, as earnings from Nvidia, at the heart of an artificial intelligence boom, did not disappoint.

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