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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
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Share Price: 54.22
Bid: 54.20
Ask: 54.24
Change: -0.28 (-0.51%)
Spread: 0.04 (0.074%)
Open: 54.52
High: 54.70
Low: 54.20
Prev. Close: 54.50
LLOY Live PriceLast checked at -

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London midday: Banks lead risers ahead of US jobs data

Fri, 02nd Dec 2011 11:52

The Footsie was trading close to its highest levels of the day at midday as markets await a key jobs report from the US, which some are expecting to beat consensus forecasts.ALL EYES ON THE JOBS REPORTThe US Labor Department will release its monthly employment report at 13:30, in which analysts are expecting 125,000 jobs to have been added to payrolls last month. Forecasts have been raised recently after a string of positive economic data such as Wednesday's ADP employment report which showed a 206,000 rise in private payrolls for the month of November (Consensus: +130,000). In the Eurozone, comments from German Chancellor Angela Merkel and French President Nicolas Sarkozy about fiscal union have helped lift the mood. Merkel told the Bundestag this morning: "Anyone who, a few months ago, had said that at the end of the year 2011 we would have taken very serious and concrete steps towards a European stability union, a European fiscal union, for introducing such drastic intervention, would have been considered crazy. Now, this is exactly what's on the agenda. We're almost there" [translation by the Guardian]. Yesterday, Sarkozy insisted on the need for governmental convergence amidst the Eurozone members. "There can't be a single currency without (these) economies heading towards more convergence."Boosting sentiment in London was the Markit/CIPS purchasing managers' index for the construction sector which came in better than expected. The index fell to 52.3 in November, from 53.9 the previuos month, but slightly better than expectations of 52.2. "While growth was slower than October, construction companies are reporting a rise in new contract wins, which suggests an increased willingness to invest in new projects, a reason for optimism," said David Noble, chief executive officer of the Chartered Institute of Purchasing & Supply.BANKS, RESOURCE STOCKS IN DEMAND AS RISK APPETITE INCREASESBanking peers Barclays, Lloyds Banking Group, Royal Bank of Scotland and Standard Chartered were making strong gains, in line with the broader European banking sector, as fears over the Eurozone crisis eased. RBS announce today that it is to sell its tenanted pub business of 918 pubs to the Scottish and Newcastle Pub Company (S&NPC) for £418m. Commodities prices were on the way up, boosting the share prices of resource stocks such as BHP Billiton, Vedanta Resources, Essar Energy, Kazakhmys, Xstrata and Antofagasta.Car insurer Admiral was the worst performer of the day, not helped by Investec which said that the stocks is "going like a freight train...downhill". The broker cut its target price from 843p to 570p and maintained its sell rating.Pharmaceuticals giant Shire was out of favour along with a host of defensive stocks. However, the stock could have been weighed down by a Financial Times article, which pointed out what several analysts have been arguing, that there are ongoing risks: Shire's attention deficit hyperactivity treatment could become a target for the anti-medication lobby in the US; there's also a chance of a price war over its drug for Gaucher's disease.Other defensives, including utilities giants SSE, Severn Trent and National Grid, also fell.BCFTSE 100 - RisersBarclays (BARC) 187.60p +5.90%ICAP (IAP) 364.40p +5.84%BHP Billiton (BLT) 2,009.00p +4.47%Essar Energy (ESSR) 239.20p +4.45%Lloyds Banking Group (LLOY) 25.06p +4.42%Glencore International (GLEN) 409.45p +4.38%Vedanta Resources (VED) 1,099.00p +4.27%Fresnillo (FRES) 1,812.00p +4.08%Royal Bank of Scotland Group (RBS) 21.37p +3.99%Kazakhmys (KAZ) 953.00p +3.81%FTSE 100 - FallersAdmiral Group (ADM) 881.00p -3.40%SSE (SSE) 1,298.00p -1.52%Morrison (Wm) Supermarkets (MRW) 318.70p -1.30%Rolls-Royce Group (RR.) 725.00p -1.16%Land Securities Group (LAND) 678.50p -1.09%Severn Trent (SVT) 1,537.00p -1.03%Reckitt Benckiser Group (RB.) 3,183.00p -0.87%Unilever (ULVR) 2,098.00p -0.80%National Grid (NG.) 623.50p -0.64%Centrica (CNA) 300.60p -0.36%FTSE 250 - RisersCarpetright (CPR) 434.90p +11.48%Aquarius Platinum Ltd. (AQP) 186.60p +8.68%Pace (PIC) 55.95p +8.54%Home Retail Group (HOME) 97.75p +8.13%Supergroup (SGP) 524.00p +6.50%SDL (SDL) 621.00p +5.97%Redrow (RDW) 117.90p +5.27%Anglo Pacific Group (APF) 275.90p +5.23%Berkeley Group Holdings (BKG) 1,330.00p +4.97%Bellway (BWY) 788.50p +4.51%FTSE 250 - FallersSThree (STHR) 223.90p -8.24%Thomas Cook Group (TCG) 15.77p -5.51%Michael Page International (MPI) 367.90p -3.16%Domino's Pizza UK & IRL (DOM) 440.50p -2.35%Carillion (CLLN) 290.50p -2.32%Spirent Communications (SPT) 120.60p -2.27%Exillon Energy (EXI) 269.00p -2.22%Elementis (ELM) 149.70p -1.84%Synergy Health (SYR) 850.00p -1.73%Diploma (DPLM) 340.00p -1.56%
More News
26 Jul 2023 12:05

European banks flag bad loan risks as global economy falters

LONDON/MILAN/MADRID, July 26 (Reuters) - Europe's major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad loans as the global economy struggles with slow growth and high inflation.

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26 Jul 2023 10:04

TOP NEWS: Lloyds raises guidance following "robust" half year earnings

(Alliance News) - Lloyds Banking Group PLC said it was "well positioned to deliver" on its ambitions and raised its full-year guidance off the back of higher income and profit in the last six months.

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26 Jul 2023 09:25

NatWest's Alison Rose, trail-blazing finance boss, bows out after Farage breach

LONDON, July 26 (Reuters) - NatWest's departing CEO Alison Rose until recently told colleagues she had weathered more than her fair share of crises, steering the state-backed lender through the COVID-19 pandemic and market fallout from war in Europe and chaos in Westminster. But ultimately it was committing the cardinal sin of breaching the confidence of a client, former Brexit Party leader Nigel Farage, that cost her her job.

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26 Jul 2023 07:52

LONDON BRIEFING: Lloyds raises guidance; Rio Tinto profit down

(Alliance News) - Stocks in London are called to open lower on Wednesday, following a slew of earnings from UK companies, as well as an interest rate decision from the US Federal Reserve.

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26 Jul 2023 07:03

Lloyds Bank interim profits surge 23%

(Sharecast News) - Lloyds Bank on Wednesday reported another surge in earnings, although slightly below expectations, and set aside more cash for bad loans amid pressure to provide hard pressed savers better returns.

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25 Jul 2023 12:26

Wednesday preview: Federal Reserve, Lloyds in the spotlight

(Sharecast News) - All eyes on Wednesday would be on the U.S. Federal Reserve and whether or not it signaled that interest rates hikes would stop after this policy meeting.

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25 Jul 2023 09:21

Mitie boosts revenue in "traditionally" lower first quarter

(Alliance News) - Mitie Group PLC on Tuesday reported robust revenue growth in its first quarter with GBP1.1 billion in new or extended contracts, providing optimism for the year ahead.

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24 Jul 2023 13:02

UK government to haul in banks over account closures

LONDON, July 24 (Reuters) - Britain's finance ministry will request a meeting with major lenders to discuss concerns that banks have closed some customer accounts over their political views, after a public spat between former Brexit party leader Nigel Farage and NatWest.

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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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