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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 54.80
Bid: 54.84
Ask: 54.88
Change: -0.84 (-1.51%)
Spread: 0.04 (0.073%)
Open: 55.66
High: 55.68
Low: 54.52
Prev. Close: 55.64
LLOY Live PriceLast checked at -

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London close: Markets surge on upbeat data, policy decisions

Thu, 01st Aug 2013 16:43

Markets rose strongly on Thursday as investors reacted to dovish comments from central banks across the globe, upbeat economic data and well-received results from UK banking group Lloyds.The FTSE 100 finished 61 points higher at 6,682 today, rising to levels not seen since the end of May."The theme of maintaining the status quo has underpinned equity markets today after both the Bank of England and European Central Bank [ECB] kept monetary policy unchanged," said Senior Market Analyst Michael Hewson from CMC Markets.The US Federal Reserve also kept policy on hold last night, choosing not to yet scale back its quantitative easing (QE) programme, as was widely expected. While the Fed said that downside risks had diminished, it would continue with QE in order to "support a stronger economic recovery".In this afternoon's press conference after the ECB decision, President Mario Draghi reassured markets by saying the Governing Council had unanimously decided that interest rates would stay at or below current levels "for an extended period of time". This is despite signs of improvement across the Eurozone, as was evident in the economic figures released today: the region's manufacturing sector returned to growth for the first time in two years in July as factory output improved, according to Markit's Eurozone manufacturing purchasing managers' index (PMI).Manufacturing PMIs from the UK, US and China also showed an improvement last month, with activity across all three countries showing growth. FTSE 100: Lloyds impresses with bottom-line growthLloyds jumped after reporting a huge increase in underlying profits in the first half, helped by rising income and margins as well as reductions in costs and impairments. Rising hopes for the resumption of dividends was also boosting sentiment this morning.Miners were also performing well with Fresnillo, Anglo American, Glencore Xstrata, Vedanta and Randgold making decent gains. BHP Billiton and Rio Tinto meanwhile were given a lift by Espirito Santo which upgraded both stocks to 'buy'.Heading the other way was Aggreko, which supplies temporary power and temperature control. The share price slumped after the firm saw 2.0% drop in pre-tax profits to £144m for the first six months due to poor trading in its Power Projects business. Royal Dutch Shell's earnings for the second quarter also failed to impress, dropping sharply from $6.0bn to just $2.4bn mainly due to impairments.BAE Systems rose after hiking its half-year dividend and saying it expected to produce double-digit earnings growth in 2013 providing it concludes its Saudi jet deal.Pharmaceuticals group AstraZeneca was subdued after a 4.0% fall (at constant exchange rates) in second-quarter revenue to $6.23bn partly due to the loss of exclusive on several of its key brands.FTSE 250: Fund manager Jupiter rockets after strong first halfShares in Jupiter Fund Management leapt on Thursday on the back of a strong set of half-year numbers which showed a strong investment performance and a nearly doubling of profits year-on-year. The results prompted the company to raise its interim dividend by two fifths.Communications technology company Spirent Communications wasn't far behind as traders focused on a pick-up in order intake in the second quarter, shrugging off a steep fall in revenues and profits in the first half.FTSE 100 - RisersLloyds Banking Group (LLOY) 74.00p +8.08%Fresnillo (FRES) 1,084.00p +5.34%Anglo American (AAL) 1,483.00p +5.33%Royal Bank of Scotland Group (RBS) 333.50p +5.01%Glencore Xstrata (GLEN) 289.55p +4.34%IMI (IMI) 1,422.00p +3.64%Vedanta Resources (VED) 1,205.00p +3.61%Antofagasta (ANTO) 913.50p +3.57%Randgold Resources Ltd. (RRS) 4,914.00p +3.02%Wolseley (WOS) 3,237.00p +2.89%FTSE 100 - FallersAggreko (AGK) 1,643.00p -7.70%Royal Dutch Shell 'A' (RDSA) 2,133.00p -4.69%Royal Dutch Shell 'B' (RDSB) 2,218.00p -4.38%RSA Insurance Group (RSA) 122.90p -1.68%Admiral Group (ADM) 1,381.00p -1.57%Bunzl (BNZL) 1,398.00p -0.78%ITV (ITV) 167.70p -0.53%Pearson (PSON) 1,344.00p -0.44%Capita (CPI) 1,041.00p -0.19%AstraZeneca (AZN) 3,334.00p -0.03%FTSE 250 - RisersKenmare Resources (KMR) 29.40p +11.36%Spirent Communications (SPT) 146.90p +11.20%Jupiter Fund Management (JUP) 360.00p +10.91%Enterprise Inns (ETI) 142.20p +9.98%Grainger (GRI) 187.50p +7.76%Dialight (DIA) 1,170.00p +6.27%Henderson Group (HGG) 174.00p +6.03%UBM (UBM) 752.50p +5.76%St. Modwen Properties (SMP) 333.00p +5.35%Workspace Group (WKP) 475.00p +5.18%FTSE 250 - FallersOcado Group (OCDO) 288.60p -6.15%Salamander Energy (SMDR) 117.00p -2.01%Dairy Crest Group (DCG) 500.50p -1.86%Oxford Instruments (OXIG) 1,400.00p -1.75%Redrow (RDW) 241.20p -1.55%Rathbone Brothers (RAT) 1,645.00p -1.50%Supergroup (SGP) 1,063.00p -1.21%Inmarsat (ISAT) 676.00p -1.10%Anite (AIE) 127.10p -1.09%Intu Properties (INTU) 333.00p -1.07%BC
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24 Jul 2023 11:23

IN BRIEF: H&T increases bank facility with Lloyds to GBP50 million

H&T Group PLC - Surrey-based pawnbroker and retailer of new and pre-owned jewellery and watches - Notes increase in the financing facilities provided by its "longstanding" lender Lloyds Banking Group PLC. Expands total facility to GBP50 million from GBP35 million previously. This includes a GBP45 million revolving credit facility that expires in December 2025 and has the option to extend for up to two more years. It also has a GBP5 million overdraft facility that renews annually. The interest rate on the RCF is increased to 2.4 to 3.3 percentage points above the sterling overnight interbank average rate from 1.7 points. The overdraft keeps the existing terms of 1.7 points above the Bank of England base rate. There is no change to existing banking covenants.

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24 Jul 2023 06:53

UK city minister to warn banks over "de-banking" customers

(Alliance News) - City minister Andrew Griffith has summoned bank chiefs for a meeting to discuss how customers can be protected from "being de-banked" after Coutts cut ties with Nigel Farage.

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19 Jul 2023 15:52

Britain's banks slow in passing higher rates to savers -watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

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19 Jul 2023 15:17

Britain's banks too slow in passing higher interest rates to savers, says watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

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19 Jul 2023 14:35

UK earnings, trading statements calendar - next 7 days

Thursday 20 July 
3i Group PLCTrading Statement
AJ Bell PLCTrading Statement
Anglo American PLCTrading Statement
Babcock International Group PLCFull Year Results
BHP Group LtdTrading Statement
Diploma PLCTrading Statement
Dunelm Group PLCFull Year Results
easyJet PLCTrading Statement
Howden Joinery Group PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Intermediate Capital Group PLCTrading Statement
International Distributions Services PLCTrading Statement
Kier Group PLCTrading Statement
PensionBee Group PLCTrading Statement
Pharos Energy PLCTrading Statement
Premier Foods PLCTrading Statement
Premier Miton Group PLCTrading Statement
SSE PLCTrading Statement
Taylor Maritime Investments LtdFull Year Results
Vistry Group PLCTrading Statement
Volution Group PLCTrading Statement
Friday 21 July 
Close Brothers PLCTrading Statement
Glencore PLCTrading Statement
Petershill Partners PLCTrading Statement
Thruvision Group PLCFull Year Results
Monday 24 July 
discoverIE Group PLCTrading Statement
Cranswick PLCTrading Statement
Glantus Holdings PLCTrading Statement
MoneySupermarket.com PLCHalf Year Results
Ryanair Holdings PLCQ1 Results
Science Group PLCHalf Year Results
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 25 July 
City of London Investment Group PLCTrading Statement
Compass Group PLCTrading Statement
Croda International PLCHalf Year Results
Games Workshop Group PLCFull Year Results
Greencore Group PLCTrading Statement
Hummingbird Resources PLCTrading Statement
MITIE Group PLCTrading Statement
Paragon Banking Group PLCTrading Statement
Reach PLCHalf Year Results
Smart Metering Systems PLCTrading Statement
Tristel PLCTrading Statement
Tyman PLCHalf Year Results
Unilever PLCHalf Year Results
Unite Group PLCHalf Year Results
Wednesday 26 July 
Aptitude Software Group PLCHalf Year Results
Breedon Group PLCHalf Year Results
Conduit Holdings LtdHalf Year Results
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
FRP Advisory Group PLCFull Year Results
Gresham Technologies PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Lloyds Banking Group PLCHalf Year Results
Marston's PLCTrading Statement
Nichols PLCHalf Year Results
Primary Health Properties PLCHalf Year Results
Rathbones Group PLCHalf Year Results
Rio Tinto PLCHalf Year Results
Science Group PLCHalf Year Results
Van Elle Holdings PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Jul 2023 08:59

SSP completes bank refinancing with new GBP300 million four-year loan

(Alliance News) - SSP Group PLC on Tuesday said it has completed the refinancing of its syndicated banking facilities, including a new GBP300 million four-year loan and undrawn GBP300 million revolving credit facility.

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12 Jul 2023 17:14

European shares jump as cooling US inflation boosts rate pause bets

STOXX 600 up for fourth straight session

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12 Jul 2023 12:08

LONDON MARKET MIDDAY: FTSE 100 boosted by banks ahead of US inflation

(Alliance News) - The FTSE 100 in London was lifted by banking stocks heading into Wednesday afternoon, after the Bank of England's latest stress test showed the sector to be "resilient".

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12 Jul 2023 11:04

Bank of England stress test finds top 8 UK banks have enough capital

LONDON, July 12 (Reuters) - Britain's eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses.

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12 Jul 2023 08:45

LONDON MARKET OPEN: FTSE 100 higher as UK banks pass BoE stress tests

(Alliance News) - European markets were trading higher on Wednesday, in a sign of cautious optimism ahead of US inflation data.

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12 Jul 2023 08:39

TOP NEWS: Major UK banks "resilient" in BofE's annual stress test

(Alliance News) - The Bank of England on Wednesday said the major UK banks were "resilient to a severe stress scenario", in its latest cyclical stress test results, with all eight surveyed lenders passing.

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12 Jul 2023 08:26

UK bank shares rise after BoE stress test

MILAN, July 12 (Reuters) - A gauge of British banking stocks surged on Wednesday after the Bank of England said its annual stress test of eight major lenders showed each could cope with rising interest rates in a stressed environment.

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12 Jul 2023 07:21

UK bank pass annual stress tests, says BoE

(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.

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12 Jul 2023 07:15

Stress test shows top 8 UK banks have enough capital, says Bank of England

LONDON, July 12 (Reuters) - The Bank of England said on Wednesday its annual stress test of eight major lenders showed that each could cope with rising interest rates in a stressed environment, and none would need to submit a revised capital plan.

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7 Jul 2023 11:13

British lender OSB shares slide on mortgage hit warning

LONDON, July 7 (Reuters) - British financial services group OSB's shares fell by more than 20% on Friday after it said it would take a net income hit of up to 180 million pounds ($229 million) as mortgage customers switched from higher rate products.

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