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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%)
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Prev. Close: 52.18
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London close: Stocks fall on fears of valuations, global economy

Tue, 19th Nov 2013 16:47

- Icahn spooks investors, warns of 'big drop'- OECD cuts global growth forecasts- Plosser calls for fixed amount of asset purchases- easyJet impresses with profit jumptechMARK 2,644.23 -0.34%FTSE 100 6,698.01 -0.38%FTSE 250 15,265.60 -0.16%UK markets finished firmly in the red on Tuesday as concerns about equity valuations and the global economy weighed on investor sentiment.The FTSE 100 closed 25.45 points lower at 6,698.01, a fall of 0.38%.Anxiety over the recent run on equity markets dampened stocks on Wall Street last night after activist investor Carl Icahn was reported as saying that a "big drop" could be around the corner. According to Reuters, Icahn said he was "very cautious on equities today" given that valuations are rich and earnings are bolstered by low borrowing costs rather than management's efforts to improve results. "Confidence is fickle, and markets found that precious commodity in short supply [...]. Traders appeared flustered by US city sage Carl Icahn's warning of equity overvaluation," said Market Analyst Alastair McCaig from IG.Meanwhile, investors were restrained today after OECD revised down its global growth forecasts "significantly", blaming a slowdown in emerging markets. It expects the global economy to expand by just 2.7% in 2013 and 3.6% in 2014, compared with previous estimates in May of 3.1% and 4% growth, respectively.Comments from Philadephia Fed President Charles Plosser were in focus today ahead of the October Federal Open Market Committee meeting minutes due to be released tomorrow. As speculation continues about the impending taper of quantitative easing, Plosser called for a fixed dollar amount on the Fed's asset purchase programme, proposing an end to the scheme once that limit is reached. "We cannot continue to play this bond-buying game by ear and risk the Fed's credibility while creating lingering uncertainty about the course of monetary policy," he said. The German ZEW economic sentiment survey, which attempts to predict economic conditions in six months' time, failed to move markets this morning despite showing an improvement month-on-month. The survey rose from 52.8 to 54.6 this month, ahead of the 54.0 level expected. easyJet flying high as profits surgeBudget airline easyJet surged after boosting annual profits by more than half and saying it is returning £308m to shareholders. easyJet said its allocated seating strategy, website improvements and its Europe by easyJet advertising campaign helped it to boost pre-tax profit in the year to September 30th rose 51% to £478m. Fund manager Aberdeen was in the red, pulling back after a 15% surge on Monday following the announced acquisition of the Scottish Widows Investment Partnership Group from Lloyds, as well a strong increase in annual profits. Numis downgraded the stock to 'hold' this morning but lifted its target price from 465p to 495p. Technology business Smiths Group was trading lower as investors were underwhelmed by the company's announcement that it was trading in line with expectations in the first quarter. ITV also failed to impress with third-quarter revenues rising ahead of guidance. Product testing firm Intertek was out of favour after saying that the industry-wide headwinds experienced in the first half have persisted for longer than expected. Shareholders reacted positively to the news that Enterprise Inns' founder and Chief Executive Ted Tuppen would step down after more than two decades at the helm. The pub group also announced like-for-like (LFL) net income grew by 0.6% in its final quarter. Afren, the oil and gas exploration and production company, jumped after reporting that well data indicated the recoverable resources at the Ogo-1 well were "significantly" ahead of pre-drill expectations.Bodycote retreated after it said economic growth in both Europe and North America continues to be muted. The stock was down around 5% by the close despite the firm reiterating its confidence in meeting full-year expectations.FTSE 100 - RiserseasyJet (EZJ) 1,345.00p +7.09%Randgold Resources Ltd. (RRS) 4,621.00p +1.96%Persimmon (PSN) 1,185.00p +1.72%Amec (AMEC) 1,184.00p +1.46%Johnson Matthey (JMAT) 3,090.00p +1.34%G4S (GFS) 260.10p +1.28%GlaxoSmithKline (GSK) 1,628.00p +0.90%Sage Group (SGE) 348.70p +0.87%Severn Trent (SVT) 1,843.00p +0.82%Standard Life (SL.) 339.90p +0.74%FTSE 100 - FallersAberdeen Asset Management (ADN) 475.20p -2.96%Anglo American (AAL) 1,400.00p -2.68%Intertek Group (ITRK) 3,102.00p -2.48%International Consolidated Airlines Group SA (CDI) (IAG) 353.50p -2.35%Smiths Group (SMIN) 1,400.00p -2.30%William Hill (WMH) 361.30p -2.03%Petrofac Ltd. (PFC) 1,177.00p -1.92%Glencore Xstrata (GLEN) 321.00p -1.80%Vedanta Resources (VED) 971.00p -1.77%Royal Bank of Scotland Group (RBS) 327.60p -1.71%FTSE 250 - RisersEnterprise Inns (ETI) 154.00p +11.59%Afren (AFR) 161.00p +8.13%Thomas Cook Group (TCG) 147.50p +4.98%Keller Group (KLR) 1,048.00p +4.28%Serco Group (SRP) 441.00p +4.08%Imagination Technologies Group (IMG) 264.40p +3.36%Redrow (RDW) 268.60p +3.19%Halma (HLMA) 584.00p +2.28%3i Group (III) 352.80p +1.94%IP Group (IPO) 153.90p +1.92%FTSE 250 - FallersBodycote (BOY) 618.50p -4.55%Hays (HAS) 120.00p -3.69%Partnership Assurance Group (PA.) 305.00p -3.63%Bwin.party Digital Entertainment (BPTY) 129.50p -3.00%IG Group Holdings (IGG) 599.50p -2.44%Kier Group (KIE) 1,674.00p -2.39%Kazakhmys (KAZ) 243.20p -2.33%Lonmin (LMI) 325.10p -2.17%Spirent Communications (SPT) 105.70p -2.04%Ashtead Group (AHT) 655.50p -2.02%BC
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23 Feb 2024 10:13

IN BRIEF: Lloyds launches GBP2 billion share buyback programme

Lloyds Banking Group PLC - Edinburgh-based financial services firm - Commences share buyback for up to GBP2 billion worth of ordinary shares. The buyback, conducted by Morgan Stanley & Co International PLC, will run until December 31. Lloyds says that the purpose of the programme is to reduce its ordinary share capital, and the company intends to cancel all repurchased shares.

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23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

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

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22 Feb 2024 16:26

London close: Stocks rise amid raft of solid earnings

(Sharecast News) - London's stock markets finished in positive territory on Thursday, bolstered by upbeat performances from US AI chipmaker Nvidia and engine manufacturer Rolls-Royce.

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22 Feb 2024 09:59

CORRECT: Lloyds profit rises but books GBP450 million probe provision

(Correcting sum of Lloyds Banking Group PLC's final dividend.)

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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

(Sharecast News) - All eyes on Thursday will be on a raft of purchasing managers' surveys due out in the euro area, UK and US covering the month of January.

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20 Feb 2024 16:52

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

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

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20 Feb 2024 11:57

LONDON MARKET MIDDAY: Banking stocks drag FTSE 100 into green

(Alliance News) - Stock prices in London were mixed at midday Tuesday, after a busy morning of corporate updates and earnings.

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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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8 Feb 2024 13:50

Santander reportedly lodges complaint about Nationwide ad

(Sharecast News) - Santander UK has filed a formal complaint with Britain's advertising regulator over a Nationwide campaign which it claims "discredits and denigrates" the high street banking sector.

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