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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: 0.00 (0.00%)
Spread: 0.04 (0.077%)
Open: 0.00
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Prev. Close: 52.18
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London close: Markets rebound on low volumes

Tue, 30th Oct 2012 16:59

With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe."Trading remained thin today as the NYSE's decision to keep shut, the first time weather has halted trading for two straight days since 1888, put off many investors from engaging in risk-on assets and instead many investors opted to await news regarding the impact of Hurricane Sandy," said financial trader Shavaz Dhalla from Spreadex."However, the few investors still willing to trade the markets were clearly bullish as the remaining open markets traded positively. Thus, it seems these scarce investors have preferred to build on positive news from European stocks, including BP which has today announced a big dividend increase, instead of focusing on the potential financial consequences of Hurricane Sandy," Dhalla said. Heavyweights including ENI, Deutsche Bank, Bayer and Imperial Tobacco also lifted sentiment today.Markets were also focusing on some key macroeconomic indicators in the Eurozone today: Spanish gross domestic product (GDP) figures showed that the country remained in recession in the third quarter, contracting by 0.3% quarter-on-quarter but better than the 0.4% decline expected; meanwhile German unemployment gained for a seventh consecutive month in September despite the jobless rate remaining stable at 6.9% - unemployment increased by 20,000, double the 10,000 gain expected. In other news, Greek Prime Minister Antonis Samaras has announced that a deal has been reached for a €13.5bn austerity package and negotiations with the 'Troika' have concluded. The austerity deal was a necessary step so that Greece can receive its next tranche from its bailout programme with international creditors. The Bank of Japan has expanded its asset-purchase programme for the second consecutive month. Markus Huber, the head of German HNW trading at ETX Capital, said this morning that the news was "less well-received as many had hoped for much more aggressive easing to counteract renewed weakness seen in the Japanese economy." FTSE 100: BP jumps after Q3 beat and raised dividendOil giant BP gained nearly 5% today after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on an underlying replacement cost (RC) basis, well ahead of Investec's $4,020m estimate. Imperial Tobacco rose after profits came in broadly in line with expectations in the year to the end of September, helping the firm to raise its payout ratio and increase its full-year dividend by over a tenth. Insurance stocks were surprisingly making gains today in spite of the dreadful weather Stateside as markets get ready for the UK insurance and life assurance nine-month results season, which kicks off tomorrow with statements due out from Standard Life, St James's Place and Phoenix. UBS lifted target prices across the sector today but said that its preferred life stocks remain Aviva and Prudential. Resolution was also rated as a 'buy' by the Swiss broker "based on valuation, and given improving governance, its own restructuring momentum, and underperformance year to date."Banking stocks were mixed with Barclays and Lloyds making gains whilst Standard Chartered disappointed with its third-quarter results. Nomura said that StanChart's results were broadly in line but a "touch below if we are nit picking". StanChart said that third-quarter ALM income was slightly down on the first half run rate due to lower reinvestment yields; Nomura highlighted this this would be a "negative read-across for BSM at HSBC" whose shares finished flat.Airline group IAG was being dampened after having to cancel flights as a result of Hurricane Sandy. Meanwhile, it was being reported that the firm could add more wide-body planes at Gatwick in a review of capacity at a base dominated by ageing single-aisle jets that generate lower profit margins than operations at its main Heathrow hub, one of the company's Managing Directors has told Bloomberg. FTSE 250: Centamin plummets on Sukari concerns Centamin tanked shortly before trading in the shares was suspended on concerns that it could lose its flagship Sukari gold mine in Egypt. According to media reports, an Egyptian court has said that the gold miner's contract to mine Sukari has been withdrawn, after a decision in 2005 to award the company the contact was over-ruled. However, the company responded today that mining operations are still ongoing and no official written judgement on the concession has been given. Lonmin shareholders saw their shares jump after the platinum producer announced a chunky $800m rights issue to improve its chances of passing banking covenant tests. On top of that work at Lonmin's Saffy mine in South Africa was back up and running after striking workers bowed to a deadline to go bad to work. Regus also had a good day after it announced plans to open more offices this year than originally expected in order to meet growing demand for flexible and mobile working. FTSE 100 - RisersBP (BP.) 442.85p +4.20%Barclays (BARC) 238.80p +3.35%Resolution Ltd. (RSL) 213.70p +3.14%GKN (GKN) 210.10p +2.74%Weir Group (WEIR) 1,764.00p +2.56%CRH (CRH) 1,147.00p +2.41%Kazakhmys (KAZ) 729.50p +2.39%Amec (AMEC) 1,058.00p +2.32%Wood Group (John) (WG.) 848.00p +2.05%Rio Tinto (RIO) 3,142.50p +2.03%FTSE 100 - FallersUnited Utilities Group (UU.) 695.00p -2.66%Randgold Resources Ltd. (RRS) 7,250.00p -1.16%Standard Chartered (STAN) 1,483.50p -0.93%National Grid (NG.) 702.50p -0.78%British Sky Broadcasting Group (BSY) 712.50p -0.49%Schroders (SDR) 1,520.00p -0.46%British American Tobacco (BATS) 3,112.50p -0.43%Pennon Group (PNN) 724.50p -0.41%Polymetal International (POLY) 1,116.00p -0.27%Tullow Oil (TLW) 1,382.00p -0.22%FTSE 250 - RisersLonmin (LMI) 513.50p +6.98%Man Group (EMG) 82.15p +4.72%Regus (RGU) 102.70p +4.26%Kenmare Resources (KMR) 39.00p +3.53%Playtech Ltd. (PTEC) 415.90p +2.69%Morgan Crucible Co (MGCR) 251.90p +2.57%Ferrexpo (FXPO) 200.00p +2.51%FirstGroup (FGP) 191.70p +2.19%Filtrona PLC (FLTR) 580.50p +2.02%Premier Oil (PMO) 357.40p +2.00%FTSE 250 - FallersCentamin (DI) (CEY) 63.83p -35.40%IP Group (IPO) 115.00p -3.36%COLT Group SA (COLT) 114.30p -3.30%New World Resources A Shares (NWR) 271.40p -2.93%Anite (AIE) 142.00p -2.41%African Barrick Gold (ABG) 431.40p -2.40%Rathbone Brothers (RAT) 1,271.00p -2.38%Computacenter (CCC) 364.50p -2.33%Restaurant Group (RTN) 373.50p -2.23%Stobart Group Ltd. (STOB) 110.10p -2.13%BC
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