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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 52.18
Bid: 52.26
Ask: 52.30
Change: 0.12 (0.23%)
Spread: 0.04 (0.077%)
Open: 52.38
High: 52.90
Low: 52.18
Prev. Close: 52.06
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London close: Markets hold on to gains despite poor US jobs data

Fri, 10th Jan 2014 16:42

- US jobs report misses forecasts by a mile- Fed now in focus on stimulus speculation- Tullow gains on Statoil rumours- Mining stocks track metals higher- Barclays boosts forecasts for UK and US GDPtechMARK 2,801.83 +0.98%FTSE 100 6,739.94 +0.73%FTSE 250 16,191.73 +1.52%UK markets remained resilient on Friday afternoon by managing to finish with decent gains despite a shockingly poor US jobs report dampening stocks on Wall Street.Tullow Oil rose strongly today on speculation that it could be a takeover target, while stocks in the heavyweight mining sector put in a strong performance as metal prices advanced.The FTSE 100 ended the day up 48.6 points at 6,739.94, but did come off its intraday high of 6,769 after the US data.US jobs shockNon-farm payrolls increased at their lowest monthly rate since 2008 in December, rising by just 74,000. This was significantly lower than the 241,000 gain in November and well below analysts' forecasts, with poor weather conditions largely to blame.The unemployment rate unexpectedly declined from 7% to 6.7%, but the fall was attributed mainly to a drop in the participation rate to its lowest level in over three decades."Both non-farms and unemployment figures seem too far off estimates to be an accurate gauge of the US labour market, but traders don't know which one to write off. Investors are beginning to wonder whether the Federal Reserve began reducing its stimulus package a little on the early side," said David Madden, Market Analyst at IG.Poor data from the UK seemed to slip under the radar this morning with investors shrugging off the news that UK construction output and industrial production missed forecasts in November.In fact, this afternoon Barclays Research upped its forecasts for growth in the US and the UK for the coming year, to 3.0% (from 1.5%) and 3.1% (from 2.3%), respectively. According to the Office for National Statistics, construction output growth eased to 2.2% year-on-year from 5.1% the month before, missing the forecast for a pick-up to 7.5%. Meanwhile, industrial production rose by 2.8%, up from 2.6% previously but below the 3% increase expected.Tullow jumps, miners broadly higherBid speculation surrounding Tullow gave the oil stock a lift today after rumours did the rounds yesterday that Norwegian group Statoil is considering an offer for the firm. Tullow had a strong day yesterday after an upgrade from HSBC to 'buy'.Mining stocks were in demand this afternoon as metals rose across the board on a weaker dollar: gold prices were up 1.2%; silver was 2% higher; while copper gained 1.1%. Glencore Xstrata, Rio Tinto, BHP Billiton and Anglo American were among the best performers in the sector.Glencore Xstrata was also boosted by Barclays which raised its rating on the stock to 'overweight', saying that it was among its top picks in the industry.House builder Persimmon was a high riser after Goldman Sachs kept a 'buy' rating, with analysts saying they were "increasing our estimates and price target for Persimmon following its strong fiscal year trading update [on Wednesday]".However, chip designer ARM Holdings was one of the heaviest fallers after Goldman decided to take the company off its 'conviction buy' list. The stock fell sharply yesterday after being hit by a Deutsche Bank downgrade.Banks were also out of favour with domestic lenders Lloyds, RBS and Barclays finishing in the red.On the FTSE 250, digital media group Perform surged as investors welcomed the resignation of Chief Financial Officer David Surtees following a profit warning by the company last month. FTSE 100 - RisersTullow Oil (TLW) 909.50p +7.63%Persimmon (PSN) 1,354.00p +6.28%Royal Mail (RMG) 583.00p +3.92%Burberry Group (BRBY) 1,473.00p +3.66%Carnival (CCL) 2,552.00p +3.28%William Hill (WMH) 382.60p +3.10%Glencore Xstrata (GLEN) 318.75p +2.94%Randgold Resources Ltd. (RRS) 3,712.00p +2.88%Ashtead Group (AHT) 812.00p +2.72%Old Mutual (OML) 193.90p +2.38%FTSE 100 - FallersLloyds Banking Group (LLOY) 83.04p -2.60%ARM Holdings (ARM) 972.00p -2.56%Sainsbury (J) (SBRY) 346.00p -1.54%Royal Bank of Scotland Group (RBS) 356.90p -0.92%British American Tobacco (BATS) 3,084.50p -0.87%Tesco (TSCO) 321.80p -0.79%Rolls-Royce Holdings (RR.) 1,239.00p -0.72%Johnson Matthey (JMAT) 3,310.00p -0.45%Vodafone Group (VOD) 234.65p -0.45%CRH (CRH) 1,619.00p -0.37%FTSE 250 - RisersHomeserve (HSV) 282.50p +9.07%Synthomer (SYNT) 284.30p +7.04%Debenhams (DEB) 81.55p +7.02%Brown (N.) Group (BWNG) 560.00p +6.67%Perform Group (PER) 250.00p +6.07%Restaurant Group (RTN) 666.50p +5.96%Domino Printing Sciences (DNO) 830.00p +5.33%Spirent Communications (SPT) 90.30p +5.12%Taylor Wimpey (TW.) 120.00p +5.08%Fidessa Group (FDSA) 2,399.00p +4.99%FTSE 250 - FallersMerlin Entertainments (MERL) 367.30p -2.70%African Barrick Gold (ABG) 186.90p -1.63%Essar Energy (ESSR) 69.35p -1.42%Grafton Group Units (GFTU) 628.00p -1.41%Greencore Group (GNC) 226.00p -1.31%Bwin.party Digital Entertainment (BPTY) 112.30p -1.14%Inmarsat (ISAT) 747.00p -1.13%Bank of Georgia Holdings (BGEO) 2,500.00p -1.03%Big Yellow Group (BYG) 485.00p -0.88%Amlin (AML) 435.70p -0.86%BC
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22 Feb 2024 16:26

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22 Feb 2024 09:59

CORRECT: Lloyds profit rises but books GBP450 million probe provision

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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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22 Feb 2024 07:03

Lloyds FY profit soars, puts aside £450m for motor finance probe

(Sharecast News) - Lloyds Bank on Thursday reported a 57% jump in full-year profits and announced another £2bn share buyback, but also set aside £450m for the regulatory probe into UK motor financing.

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21 Feb 2024 09:18

Thursday preview: Global PMIs, Lloyds in focus

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20 Feb 2024 16:52

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

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20 Feb 2024 11:57

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20 Feb 2024 09:18

IN BRIEF: GCP Infrastructure enters into new revolving credit facility

GCP Infrastructure Investments Ltd - Jersey-based investment fund focused on infrastructure - Announces that it entered into a new revolving credit facility on Thursday. The RCF has a three-year term and has been agreed with Lloyds Bank PLC, Mizuho Bank Ltd, Allied Irish Bank and Clydesdale Bank PLC acting as lenders. GCP says it has reduced the total RCF commitments to GBP150 million from GBP190 million, in line with the company's capital policy as outlined in its 2023 annual report. In December, GCP adopted a policy realising around 15% of its portfolio, GBP150 million, to "rebalance sectors and reduce equity exposures, and to apply the funds towards a material reduction in the RCF", as well as to facilitate the return of at least GBP50 million to shareholders by the end of calendar 2024.

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20 Feb 2024 08:52

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

(Alliance News) - Stock prices in London opened in the red on Tuesday, as European markets failed to find upward momentum amid muted trading in Asia, and Monday's public holiday in the US.

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16 Feb 2024 14:59

London close: Stocks rise as UK retail sales rebound

(Sharecast News) - London's stock markets saw positive gains on Friday, buoyed by encouraging UK retail sales data and favourable earnings reports from NatWest.

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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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