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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 55.78
Bid: 55.82
Ask: 55.84
Change: -0.60 (-1.06%)
Spread: 0.02 (0.036%)
Open: 56.42
High: 56.66
Low: 55.72
Prev. Close: 56.38
LLOY Live PriceLast checked at -

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London close: Investors take profits ahead of Christmas

Fri, 21st Dec 2012 16:31

- Cancelled 'Plan B' vote results in sell-off- Boehner pledges to continue negotiations- Miners and financials in the redWhile stocks managed to stage a small comeback in afternoon trade, the UK market finished the week on a dull note, with 'fiscal cliff' fears dampening the festive cheer ahead of Christmas."Traders have spent much of the day taking profits ahead of the weekend as the last full trading week of 2012 draws to a close," said senior sales trader Toby Morris from CMC Markets."With uncertainty about the outcome of the fiscal cliff talks higher than ever after the fiasco of last night's cancellation of the Republican vote, investors have adopted a safety first approach, with last night a stark reminder that the current political uncertainty from the US can still lead to erratic moves in a thin market."Last night, Republican House speaker John Boehner was forced to withdraw his "Plan B" for dealing with the fiscal cliff due to a lack of support in the House of Representatives. Boehner had thought that the Republican majority in the lower house would be enough to push through his proposal to avoid the impending automatic spending cuts and increase in taxes despite opposition from President Barack Obama and Democrats.However, hard-line Republicans refused to support concessions on tax increases that left Boehner's plan with insufficient votes to push the measure through even through just the House.Speaking at a news conference today, Boehner said he would not walk away from negotiations over the fiscal cliff.Economic data fails to give markets a boostFurther dampening the mood this morning was the news that UK gross domestic product (GDP) in the third quarter expanded at a 0.9% rate from the preceding three months. This final estimate was worse the initial 1% increase forecasted.UK public sector net borrowing was weaker than expected in November, fuelling fear that Britain is moving closer to losing its treasured AAA credit rating. Borrowing came in at £17.5bn in November, £1.2bn higher net borrowing than a year before and above expectations of £16bnTwo surveys of consumer confidence also disappointed this morning: the GfK consumer confidence survey in the UK fell from -22 to -29 in December, missing the -25 forecast; while the forward-looking German GfK survey fell from 5.8 to 5.6 for January, missing the 5.9 estimate.Meanwhile, the Chinese MNI flash business sentiment indicator fell from 53.78 to 52.23 in November.FTSE 100: Miners and financials in the redMiners and financial stocks were bearing the brunt of the bearish mood on markets on Friday as investors cut positions in riskier assets on concerns over the US economy. However, Randgold Resources was bucking the trend as gold prices advanced. Banks were under the weather after a new report said that government plans to create a 'ring fence' between banks' retail and investment operations fall well short of what is required. The Parliamentary Commission on Banking Standards has called on the government to "electrify" the ring fence to stop banks taking advantage of loopholes. Lloyds and Barclays were both under the weather.ENRC was being weighed down by a ratings cut by Goldman Sachs to 'neutral' this morning. Meanwhile, insurance giant Aviva fell after selling Aviva USA Corporation - its life, annuities and asset management business - to life insurance holding company Athene Holiding for $1.8bn.Xstrata was broadly flat despite saying that it is set to boost ore production by a further third at its Lady Loretta mine in north-west Queensland, Australia.BAE Systems fell as investors shrugged off a £2.5bn deal with the government of Oman to supply of Typhoon and Hawk Advanced JetTrainer aircraft. This comes two days after the company warned that full-year underlying earnings could be hit by three pence per share if it cannot agree on pricing on a large Saudi Arabian Typhoon aircraft contract.Water providers Severn Trent, United Utilities and Pennon were making gains after regulator Ofwat backed down over changes to water company licences.Carnival was a high riser too, rebounding after a heavy fall yesterday when the cruise company reported a fall in full-year revenues after what it called its most challenging year ever.FTSE 250: Regus gains after acquisitionOffice space provider Regus gained after launching a fresh bid for smaller peer MWB Business Exchange (MBE) at a much lower price, a year and a half after it withdrew its initial offer. Through its subsidiary Marley Acquisitions Limited (MAL), Regus is making a cash offer for 61.576p per share of MBE, valuing the company at £40m. Back in May 2011, Regus had made an indicative offer for MBE at 92.36p per share, valuing the company at a much higher price of £60m.Jefferies said in a research report: "We view this as a strategically sensible transaction for Regus, cementing its leading market position in the UK serviced office market, with considerable potential cross-selling synergies."High Street betting shop William Hill was under the weather after Numis Securites downgraded its rating for the stock to 'reduce'. In contrast New World Resources was on the up, shrugging off a downgrade from Goldman Sachs to 'sell'.FTSE 100 - RisersRandgold Resources Ltd. (RRS) 6,125.00p +2.68%Severn Trent (SVT) 1,610.00p +2.61%Carnival (CCL) 2,442.00p +2.13%Polymetal International (POLY) 1,176.00p +1.47%United Utilities Group (UU.) 682.00p +1.19%Aggreko (AGK) 1,760.00p +1.03%British American Tobacco (BATS) 3,142.00p +1.03%International Consolidated Airlines Group SA (CDI) (IAG) 187.90p +1.02%Xstrata (XTA) 1,051.00p +0.77%Admiral Group (ADM) 1,200.00p +0.59%FTSE 100 - FallersEvraz (EVR) 257.80p -3.45%Resolution Ltd. (RSL) 250.10p -2.65%Compass Group (CPG) 723.00p -2.63%Prudential (PRU) 872.00p -2.62%Burberry Group (BRBY) 1,217.00p -2.41%Diageo (DGE) 1,807.50p -2.22%Whitbread (WTB) 2,473.00p -1.90%Lloyds Banking Group (LLOY) 48.33p -1.88%Petrofac Ltd. (PFC) 1,635.00p -1.68%Barclays (BARC) 263.00p -1.42%FTSE 250 - RisersAfrican Barrick Gold (ABG) 454.00p +4.61%Euromoney Institutional Investor (ERM) 889.50p +4.16%Regus (RGU) 109.00p +3.81%Menzies(John) (MNZS) 642.50p +3.63%PZ Cussons (PZC) 378.10p +3.19%Salamander Energy (SMDR) 183.30p +3.15%New World Resources A Shares (NWR) 304.00p +3.09%Telecity Group (TCY) 797.00p +2.77%FirstGroup (FGP) 209.00p +2.55%COLT Group SA (COLT) 100.90p +2.23%FTSE 250 - FallersMoneysupermarket.com Group (MONY) 159.80p -5.89%Ruspetro (RPO) 72.25p -5.62%Talvivaara Mining Company (TALV) 101.60p -4.78%Centamin (DI) (CEY) 40.88p -4.28%Essar Energy (ESSR) 117.80p -4.23%Home Retail Group (HOME) 128.90p -4.23%Dairy Crest Group (DCG) 378.20p -3.91%Carpetright (CPR) 669.50p -3.67%Howden Joinery Group (HWDN) 170.00p -3.57%Workspace Group (WKP) 296.00p -3.27%BC
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21 Feb 2024 09:18

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20 Feb 2024 16:52

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20 Feb 2024 11:57

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(Alliance News) - Stock prices in London were mixed at midday Tuesday, after a busy morning of corporate updates and earnings.

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20 Feb 2024 09:18

IN BRIEF: GCP Infrastructure enters into new revolving credit facility

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20 Feb 2024 08:52

LONDON MARKET OPEN: Stocks slide; banks rise as Barclays outperforms

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16 Feb 2024 14:59

London close: Stocks rise as UK retail sales rebound

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15 Feb 2024 14:42

UK earnings, trading statements calendar - next 7 days

Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Antofagasta PLCFull Year Results
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
Wednesday 21 February 
BAE Systems PLCFull Year Results
Conduit Holdings LtdFull Year Results
Glencore PLCFull Year Results
HSBC Holdings PLCFull Year Results
Rio Tinto PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
Tate & Lyle PLCTrading Statement
Thursday 22 February 
Anglo American PLCFull Year Results
Genus PLCHalf Year Results
Hargreaves Lansdown PLCHalf Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Indivior PLCFull Year Results
Jupiter Fund Management PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
ME Group International PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
WPP PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Santander reportedly lodges complaint about Nationwide ad

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29 Jan 2024 11:31

Lloyds to scrap mobile bank branches as moves towards online banking

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25 Jan 2024 14:41

Lloyds Banking Group to cut 1,600 jobs across branch network

(Sharecast News) - Lloyds Banking Group said on Thursday that it will cut around 1,600 jobs across branches as it continues to shift its focus to online banking.

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25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

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25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

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23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

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