Lloyds Share News (LLOY)

Just nine stocks in the FTSE 100 finished above water on Monday as the Eurozone crisis weighed heavily on sentiment. With the borrowing rate of Portuguese debt surging, Greek talks still unresolved and an EU summit taking place, a risk-off attitude swept across the market today with resource stocks and banks being sold off.EUROZONE CRISIS DRAGS ONThe yield on 10-year Portuguese bonds rocketed to a euro-era record well above 17% today, with market chatter now pointing to a default in Lisbon. Ratings agency Standard & Poor's earlier this month labelled Portugal's bonds as 'junk'. "Although the government in Portugal is not as indebted as it is in Greece, we think it is also likely to default before too long," Capital Economics told the Financial Times.In Greece, the government and the Institute of International Finance (IIF) are thought to be "close" to reaching an agreement. Greek Finance Minister Evangelos Venizelos declared yesterday that a final debt-swap pact will be concluded this week. Greece needs to reach an agreement with its bondholders as one of the prerequisites to receiving a second bailout package from the International Monetary Fund, European Central Bank and the European Union worth €130bn. Meanwhile European leaders are meeting in Brussels this afternoon for the EU summit. While they are expected to focus on the fiscal compact and the European Stability Mechanism (ESM), leaders will undoubtedly be side-tracked by the current situation in Greece. Also of importance, markets are still digesting Friday's move by Fitch to downgrade the ratings of five Eurozone nations - Italy, Spain, Belgium, Cyprus and Slovenia.RESOURCES STOCKS SOLD OFF AS DOLLAR STRENGTHENSThe negative news flow coming out of the Eurozone's periphery saw investors shift away from the euro and into the dollar on Monday, making greenback-denominated commodities more expensive. Essar Energy, Vedanta Resources, ENRC and Antofagasta were heavy fallers late on.Banks were also under pressure today with Lloyds, Barclays, Standard Chartered and Royal Bank of Scotland (RBS) among the worst performers. RBS continued to make the headlines on Monday morning after its Chief Executive Stephen Hester appears to have bowed in to public and political pressure and declined his bonus share award worth £963,000. Meanwhile, Lloyds is rumoured to be shaking up its management structure, according to Reuters. The news agency cited a source saying that an announcement should be made in the next week or so. Elsewhere in banking, French counterparts suffered heavy losses after French President Nicolas Sarkozy announced that a 0.1% tax will be imposed on financial transactions as of August.Meanwhile, the defensive categories seemed to be the only (relative) winners of the day, with pharmaceuticals, telecoms and utilities stocks registering modest gains as investors shifted away from riskier assets, such as banks and miners. Drugs giant AstraZeneca and GlaxoSmithKline were in the blue, joined by utilities peers International Power and National Grid.FTSE 250: RANK RIDES HIGHER ON SPECULATIONCasinos group Rank led the rise on the second-tier index after confirming speculation that it is in talks with Gala Coral about the potential acquisition of Gala's casino business. Healthcare firm BTG wasn't far behind after successfully completing the first phase of the US-based trial of Varisolve, a varicose vein treatment. Meats and 'foods-to-go' producer Cranswick rose after seeing sales growth accelerate to 10% in the third quarter ended December 31st, from just 3% in the first half.However, it was the resource stocks which again dictated the wider market's direction, with Exillon Energy, Aquarius Platinum and Heritage Oil registering steep falls to drag the FTSE 250 around 1.5% down.BCFTSE 100 - RisersAstraZeneca (AZN) 3,055.00p +0.63%International Power (IPR) 332.00p +0.61%Polymetal International (POLY) 1,131.00p +0.53%GlaxoSmithKline (GSK) 1,427.50p +0.49%National Grid (NG.) 613.50p +0.49%Diageo (DGE) 1,418.00p +0.46%British American Tobacco (BATS) 2,962.50p +0.29%ARM Holdings (ARM) 597.50p +0.25%Sainsbury (J) (SBRY) 289.30p +0.24%FTSE 100 - FallersEssar Energy (ESSR) 126.80p -5.65%Barclays (BARC) 213.55p -4.17%Lloyds Banking Group (LLOY) 31.09p -4.13%Vedanta Resources (VED) 1,176.00p -4.08%Eurasian Natural Resources Corp. (ENRC) 700.00p -3.91%Aviva (AV.) 342.70p -3.76%Royal Bank of Scotland Group (RBS) 26.76p -3.53%Schroders (SDR) 1,470.00p -3.35%IMI (IMI) 835.50p -3.13%Antofagasta (ANTO) 1,306.00p -3.12%FTSE 250 - RisersRank Group (RNK) 131.10p +3.23%BTG (BGC) 331.10p +2.29%Bumi (BUMI) 866.50p +2.24%Supergroup (SGP) 645.50p +2.22%KCOM Group (KCOM) 71.00p +1.87%PayPoint (PAY) 552.00p +1.75%Dixons Retail (DXNS) 15.24p +1.60%Savills (SVS) 335.20p +1.58%Cranswick (CWK) 770.00p +1.45%Rathbone Brothers (RAT) 1,130.00p +1.35%FTSE 250 - FallersExillon Energy (EXI) 237.10p -7.56%Aquarius Platinum Ltd. (AQP) 179.20p -6.67%International Personal Finance (IPF) 186.10p -6.01%Heritage Oil (HOIL) 189.70p -5.81%New World Resources A Shares (NWR) 433.00p -5.06%Lonmin (LMI) 1,037.00p -5.04%Afren (AFR) 118.10p -4.76%Grainger (GRI) 97.30p -4.61%Mitie Group (MTO) 252.20p -4.14%Logica (LOG) 76.20p -3.91%