The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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 midday: Banking stocks gain, yet Footsie falls

Wed, 10th Oct 2012 11:32

- IMF warns about Eurozone crisis - Unions call for strikes in Greece- Banks gain on speculation of eased capital rulesUK stocks suffered more losses on Wednesday in spite of some relative strength in the banking sector, as the International Monetary Fund (IMF) warned about the risks emanating from the Eurozone debt crisis."The mood still remains downbeat at the moment after the IMF reiterated concerns that the eurozone are not doing enough to combat the crisis. These comments are most likely directed towards the long running saga with Spain, with recent comments by their Finance Minister doing little to raise hopes of a speedy solution," said analyst Craig Erlam from Alpari.The IMF said that risks to global financial stability have increased and financial markets have been volatile as European policymakers grapple with the ongoing crisis. The Fund notes that failing to deal with the current issues could end up forcing Eurozone banks into an asset shrinkage of anywhere from $2.8tn to $4.5tn by the end of next year. Stocks slipped yesterday after the IMF cut its global growth forecasts for this year and the next. On Monday, the World Bank lowered its growth estimates for East Asia, warning of a deceleration in the Chinese economy. Meanwhile, US aluminium giant Alcoa kicked off third-quarter earnings season last night after the closing bell on Wall Street. While the firm beat earnings and sales forecasts, the company cut its full-year aluminium demand growth forecast from 7% to 6%, saying that a slowdown in China "slightly impacts the second-half outlook". On a more positive note, following his meetings yesterday with the German Chancellor Angela Merkel, the Greek Prime Minister Antonis Samaras has said that he is confident that the next tranche of Greece's bailout will arrive on time. This follows comments that the country would not be able to survive beyond November without the next part of aid.Public- and private-sector labour unions in Greece called for a 24-hour general strike for October 18th as a result of the harsh austerity measures tied with the bailout, according to reports.FTSE 100: Banks in demand; crunch time for BAEBanking peers Lloyds, RBS and Barclays were among the strongest performers today after the Financial Times reported that the FSA has eased capital and liquidity rules in an attempt to boost lending. Meanwhile, according to reports hits morning, RBS has agreed to sell two buildings in Frankfurt and Berlin to Axa Investment Management for $1bn.Defence group BAE Systems was continuing to register losses as last-ditch talks to salvage its £28bn-merger with EADS took place. The two firms have until 17:00 to announce the terms of the merger or ask for more time to finalise their plans, under rules set down by the UK's City Takeover Panel. Smith & Nephew, Kingfisher and Wolseley were among the fallers after going ex-dividend. From today, investors will not be able to get hold of their latest dividend payments. Smith & Nephew was also being weighed down by Societe Generale which initiated its coverage on the stock with a 'sell' rating this morning.Randgold was lower after Nomura reiterated its 'reduce' rating on the shares. While the broker said that gold equities have the potential for further outperformance, it said that Randgold is "fully priced (for now)".Outsourcing group Capita fell after both RBC Capital Markets and Panmure Gordon downgraded their ratings for the stock. Panmure said that Capita's premium rating "is at odds with concerns over the quality of future earnings, above average financial leverage and on-going reliance on M&A." Aggreko is off following a profit warning from US outfit Cummins, which is also weighing on the likes of GKN and IMI. FTSE 250: N Brown, SuperGroup moved by broker commentaryImagination Technologies is now leading falls on the FTSE 350, with some market chatter attributing the losses to a negative note out on the company from analysts at Credit Suisse. In the same they have pointed out that; "Momentum looks negative: Of Imagination's four key customers, Samsung this year moved to ARM graphics, Texas Instruments is exiting the wireless business, and Mediatek could, in our view, try ARM graphics in its smartphone chips as it already uses its graphics in feature phones and TV."N Brown, the internet and catalogue home shopping firm, was out of favour after Panmure Gordon downgraded its recommendation to 'hold' ahead of the group's interim results next week. "We move to a 'hold' rating from 'buy', following sector outperformance and consequent multiple expansion towards our target multiple on the back of the July trading statement," the broker said. Fashion retailer SuperGroup jumped after Seymour Pierce said that the shares are in for a re-rating. "The new management has 'steadied the ship'. With confidence returning, we believe the stock is oversold at 12.9 times FY13 earnings, considering the operational gearing in the earnings and possible step up in the growth rate," the broker said.FTSE 100 - RisersLloyds Banking Group (LLOY) 38.27p +3.40%Royal Bank of Scotland Group (RBS) 261.90p +1.79%Anglo American (AAL) 1,838.50p +1.38%Barclays (BARC) 223.55p +0.90%Admiral Group (ADM) 1,084.00p +0.84%Eurasian Natural Resources Corp. (ENRC) 328.50p +0.80%Next (NXT) 3,595.00p +0.67%Kazakhmys (KAZ) 733.50p +0.62%Tate & Lyle (TATE) 687.00p +0.59%G4S (GFS) 265.10p +0.49%FTSE 100 - FallersFresnillo (FRES) 1,920.00p -2.69%Croda International (CRDA) 2,214.00p -2.60%Smith & Nephew (SN.) 655.00p -2.60%Polymetal International (POLY) 1,128.00p -2.42%Aggreko (AGK) 2,196.00p -1.96%IMI (IMI) 925.00p -1.96%Meggitt (MGGT) 402.80p -1.78%Wolseley (WOS) 2,641.00p -1.71%ARM Holdings (ARM) 585.50p -1.68%Antofagasta (ANTO) 1,296.00p -1.44%FTSE 250 - RisersBumi (BUMI) 180.50p +8.67%Stobart Group Ltd. (STOB) 117.00p +3.45%Supergroup (SGP) 679.50p +2.95%Lancashire Holdings (LRE) 853.00p +2.83%Man Group (EMG) 92.00p +2.28%New World Resources A Shares (NWR) 273.50p +2.17%Dixons Retail (DXNS) 21.82p +2.01%Home Retail Group (HOME) 99.25p +2.00%Ultra Electronics Holdings (ULE) 1,620.00p +1.95%SDL (SDL) 655.00p +1.95%FTSE 250 - FallersImagination Technologies Group (IMG) 479.50p -4.58%Brown (N.) Group (BWNG) 269.30p -3.41%RPS Group (RPS) 244.40p -2.63%Hays (HAS) 77.55p -2.45%Hunting (HTG) 804.00p -2.43%Inchcape (INCH) 354.50p -2.34%Micro Focus International (MCRO) 569.50p -2.32%Petra Diamonds Ltd.(DI) (PDL) 103.80p -2.26%Spirax-Sarco Engineering (SPX) 2,064.00p -2.09%Yule Catto & Co (YULC) 165.20p -1.96%BC
More News
Today 16:28

Intesa targets new digital-only clients after antritrust blow

Antitrust ruling derailed client migration timetable

*

Read more
2 May 2024 12:30

Direct Line revamps management with three new appointments

(Alliance News) - Direct Line Insurance Group PLC on Thursday announced several new appointments, which the company's chief executive officer hailed as "central to delivering our strategy to transform the group".

Read more
29 Apr 2024 07:00

Britain's NatWest share sale to test UK equity market upswing

Government keen to revive share-owning culture via offer

*

Read more
27 Apr 2024 12:00

Britain's NatWest share sale to test UK equity market upswing

Government keen to revive share-owning culture via offer

*

Read more
26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

Read more
26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

*

Read more
24 Apr 2024 15:09

London close: Stocks finish weaker after earlier gains

(Sharecast News) - London markets closed the day weaker on Wednesday, reversing earlier gains as Wall Street stocks opened lower, although mining stocks remained above the waterline.

Read more
24 Apr 2024 11:55

LONDON MARKET MIDDAY: Investors shake off pre-US inflation nerves

(Alliance News) - The FTSE 100 in London was higher at midday on Wednesday, as investors look ahead to the US Federal Reserve's next test on Friday.

Read more
24 Apr 2024 09:11

TOP NEWS: Lloyds profit squeezed by rising costs as revenue declines

(Alliance News) - Lloyds Banking Group PLC on Wednesday said first quarter profit slumped as the benefits of higher interest rates faded amid mounting costs.

Read more
24 Apr 2024 09:04

LONDON MARKET OPEN: Reckitt up on strong start to 2024; Lloyds falls

(Alliance News) - Stock prices in London opened higher on Wednesday, building on this week's gains, as investors look ahead to some key US data.

Read more
24 Apr 2024 07:42

LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance

(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer

Read more
24 Apr 2024 07:02

Lloyds Bank holds guidance as Q1 profit falls £28%

(Sharecast News) - Lloyds Bank held annual guidance despite a 28% fall in first-quarter profits due to lower net interest income and higher operating expenses, as competition for mortgages and savings squeezed margins.

Read more
23 Apr 2024 10:43

Wednesday preview: US corporate results, Lloyds in the spotlight

(Sharecast News) - The market spotlight on Wednesday will be firmly on the U.S., as the latest quarterly results from the country's tech heavyweights continue to roll in.

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

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

Read more
19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran and Israel, after Iranian state media reported explosions in the province of Isfahan.

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.