Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

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: 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
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: 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
More News
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
19 Dec 2023 15:11

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

LONDON, Dec 19 (Reuters) - Britain's banks 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
18 Dec 2023 10:51

Business travel emissions drop as many firms fly less -survey

LONDON, Dec 18 (Reuters) - Almost half of 217 global firms cut their business travel carbon emissions by at least 50% between 2019 and 2022, analysis published on Monday found, as corporate air travel returned at a much slower pace since the pandemic than leisure flights.

Read more
17 Dec 2023 23:01

Business travel emissions drop as many firms fly less -survey

LONDON, Dec 18 (Reuters) - Almost half of 217 global firms cut their business travel carbon emissions by at least 50% between 2019 and 2022, analysis published on Monday found, as corporate air travel returned at a much slower pace since the pandemic than leisure flights.

Read more
14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

Read more
12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

Read more
12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

Read more
8 Dec 2023 09:39

LONDON BROKER RATINGS: Goldman likes Sainsbury's; RBC cuts Imperial

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

Read more
7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

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

Read more
4 Dec 2023 13:42

Barclay family repays debt to Lloyds amid potential sale of Telegraph

(Alliance News) - The Barclay family has repaid the nearly GBP1.2 billion that it owed to Lloyds Banking Group PLC, opening up its chance to transfer control of the Telegraph newspaper to an Abu Dhabi-backed fund.

Read more
30 Nov 2023 09:57

Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

Read more
30 Nov 2023 09:18

Lloyds, Halifax and Bank of Scotland to shut another 45 branches

(Alliance News) - Lloyds Banking Group PLC is shutting another 45 branches across its network and the Halifax and Bank of Scotland brands amid the ongoing shift away from high street banking.

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.