Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 55.88
Bid: 55.86
Ask: 55.90
Change: 0.36 (0.65%)
Spread: 0.04 (0.072%)
Open: 56.20
High: 56.50
Low: 55.82
Prev. Close: 55.52
LLOY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Losses pared after US data, Greece still a concern

Thu, 16th Feb 2012 16:35

- Losses pared after US data.- Miners track metals prices lower.- European leaders weighing up ECB role in Greek aid.London's blue chip index finished in the red on Thursday but well off its intraday lows after US economic data came in stronger than expected in the afternoon. Nonetheless, concerns over Greece weighed on sentiment heavily for the better part of the day.Having said that, towards the close of trading reports appeared to the effect that Governments in Europe are thinking about reducing the interest rate on emergency loans extended to Greece and considering using the European Central Bank to help out with the new financing gap seen in the next bailout programme, according to Bloomberg. The website, citing two unnamed people close to the matter, said that finance ministers found that Greece's debt-to-gross domestic product ratio would fall to 129% by 2020, but would miss the target of 120%.Eurogroup President Jean-Claude Juncker said last night that Eurogroup leaders would make "all the necessary decisions" regarding a bailout on February 20th. Meanwhile, Greece's finance minister Evangelos Venizelos has accused Europe's leaders of "playing with fire" in delaying the next tranche of aid. "In the euro area, there are plenty who don't want us anymore. There are some playing with fire, domestically and abroad," he said. His German counterpart, Wolfgang Schaeuble, has been reported as saying that he did not want to "pour money into a bottomless pit". Helping the mood late on was economic data Stateside. Weekly initial jobless claims fell by 13,000 to 348,000, well below the 365,000 consensus estimate. This is the lowest level since March 2008. Meanwhile, the Philadelphia Fed's manufacturing index improved to 10.2 in February, compared with 7.3 last month, slightly ahead of the 10.0 reading forecasted by economists.The European Central Bank (ECB) has said that its survey of professional forecasters shows that they have slashed their forecasts for economic growth in 2012 and 2013. Real Eurozone gross domestic product is expected to contract by 0.1% this year and grow by 1.1% next year, compared with previous predictions of 0.8% and 1.6% growth, respectively. MINERS PROVIDE A DRAG AS METALS PRICE FALLWith the crisis in the Eurozone continuing to dampen the outlook for the global economy and strong US economic data sparking a rise in the dollar, a fall was seen in the value of greenback-denominated metals such as copper, gold and silver. Evraz, Polymetal, Randgold Resources, Anglo American, Antofagasta and Fresnillo led the fall late on.Essar Energy took a hit after announcing that its Indian oil subsidiary has today filed a petition in the Supreme Court of India to review the $1.235bn repayment of deferred sales tax, while BAE Systems, the defence contractor, fell after seeing headline sales decline by 14% in the 12 months ended December 31st. Banks ended the day mixed after Moody's said that it is reviewing the ratings of no less than 114 financial institutions across Europe and 17 global entities as the sovereign debt crisis continues to take its toll. The credit ratings agency aptly points out that the "adverse and prolonged" impact of the euro area crisis makes the operating environment "very difficult" for European banks. Despite an earlier fall, Barclays and Lloyds finished in the blue, while HSBC and RBS unable to shake off their losses.Information solutions provider Reed Elsevier was a high riser after seeing underlying revenues increase 2% in 2011, while food retailers Sainsbury, Morrison and Tesco gained as developments in Europe's crisis prompted investors to shift away from (relatively) 'riskier' assets such as mining stocks. TALVIVAARA AND AFRICAN BARRICK DROP ON THE FTSE 250Debt-laden Finnish miner Talvivaara Mining plunged over 14% after announcing the price at which it has placed a huge chunk of shares: 280p per share. Shares in the miner took a bashing after the company revealed plans to increase its shares in issue by around one-tenth through a share placing. The 280p a share placing price is nearly 50p below the mid-market closing price of Talvivaara on the day before the placing was announced. Talvivaara's shares fell as low as 282.8p at one point.Furthermore, shareholders were rocked by the news that Chief Executive Officer Pekka Perä is to become Executive Chairman, in contravention of what is regarded as best practice in City circles. Mining peer African Barrick Gold also took a tumble - with falling gold prices partly to blame -which came despite the Tanzania focused gold producer tripling its dividend for 2011 on the back of a 30% increase in earnings and strong cash generation. The share price fall could be linked to a decrease in production and attributable gold sales, which both declined dramatically in the final quarter. BCFTSE 100 - RisersReed Elsevier (REL) 549.50p +2.90%Sainsbury (J) (SBRY) 296.00p +2.03%Imperial Tobacco Group (IMT) 2,492.00p +1.76%Wolseley (WOS) 2,355.00p +1.42%Lloyds Banking Group (LLOY) 34.38p +1.34%Barclays (BARC) 244.90p +1.34%Capita (CPI) 652.50p +1.24%Morrison (Wm) Supermarkets (MRW) 295.70p +1.16%National Grid (NG.) 647.00p +1.09%Glencore International (GLEN) 426.60p +1.09%FTSE 100 - FallersEvraz (EVR) 420.80p -3.55%Polymetal International (POLY) 1,075.00p -3.33%Randgold Resources Ltd. (RRS) 6,980.00p -2.45%BAE Systems (BA.) 325.20p -2.34%Essar Energy (ESSR) 123.60p -1.83%Amec (AMEC) 1,078.00p -1.82%Antofagasta (ANTO) 1,303.00p -1.81%Anglo American (AAL) 2,644.00p -1.71%Fresnillo (FRES) 1,733.00p -1.65%Man Group (EMG) 132.00p -1.64%FTSE 250 - RisersMisys (MSY) 314.00p +2.95%Lancashire Holdings (LRE) 779.50p +2.70%Taylor Wimpey (TW.) 45.27p +2.42%Kenmare Resources (KMR) 58.50p +1.74%Euromoney Institutional Investor (ERM) 715.00p +1.71%BH Global Ltd. GBP Shares (BHGG) 1,189.00p +1.62%Exillon Energy (EXI) 246.70p +1.52%BH Global Ltd. USD Shares (BHGU) 11.9 +1.36%Spirit Pub Company (SPRT) 56.25p +1.35%Fidessa Group (FDSA) 1,649.00p +1.35%FTSE 250 - FallersTalvivaara Mining Company (TALV) 281.90p -14.45%African Barrick Gold (ABG) 448.00p -13.60%Afren (AFR) 125.30p -5.43%Heritage Oil (HOIL) 185.50p -3.64%New World Resources A Shares (NWR) 492.60p -3.60%Anglo Pacific Group (APF) 305.00p -3.51%Cranswick (CWK) 803.50p -3.48%Wood Group (John) (WG.) 696.00p -3.33%Cable & Wireless Communications (CWC) 35.50p -3.19%Ocado Group (OCDO) 96.35p -3.12%
More News
25 Jan 2024 10:36

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

Read more
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.

Read more
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.

Read more
23 Jan 2024 09:21

LONDON BROKER RATINGS: HSBC cuts Compass; Berenberg lowers Victrex

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

Read more
22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

Read more
18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

Read more
17 Jan 2024 12:00

LONDON MARKET MIDDAY: UK inflation uptick, weak China data hits stocks

(Alliance News) - Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations.

Read more
15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

Read more
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

Read more
11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

Read more
11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

Read more
4 Jan 2024 12:56

Royal London tabling bid to buy bulk annuities from Lloyds - report

(Sharecast News) - Life insurance, pensions and investments group Royal London is in discussions to purchase Scottish Widows' bulk annuities arm, according to Sky News.

Read more
2 Jan 2024 22:01

Top-rated US companies raise over $29 billion in new-year bond supply rush

Jan 2 (Reuters) - Top-rated U.S. companies raised over $29 billion in debt on Tuesday, giving the corporate bond market a strong start to the new year, as the companies tapped demand from investors anticipating lower interest rates later this year.

Read more
20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

Read more
19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.