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Share Price Information for Lloyds (LLOY)

London Stock Exchange
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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 -

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London midday: Financials pull markets lower after Hester exit from RBS

Thu, 13th Jun 2013 11:38

Uncertainty regarding central-bank stimulus, reductions in global growth forecasts and the surprise departure of the head of one of the UK's biggest domestic banks prompted a sell-off on the FTSE 100 on Thursday, as volatility continued on markets across the globe.London's benchmark index slumped to an intraday low of 6,206 in morning trade (before bouncing back slightly), a level not seen since late January as the sharp decline in recent weeks pared the year-to-date rise to less than 6.0%.Continuing concerns regarding the Federal Reserve's 'exit strategy' from stimulus and an underwhelming policy statement from the Bank of Japan (BoJ) have weighed heavily on markets this week. This, combined with a strengthening yen, saw Japan's Nikkei index plummet by 6.35% on Thursday, with the Japanese currency rising to a two-month high against the dollar.Research Analyst Joshua Mahony from Alpari said that the BoJ's aggressive easing programme unveiled in April to end deflation has left Prime Minister Shinzo Abe with a "highly expectant audience and very little left he can do to appease the markets"."The increased volatility in the markets over the recent period highlights the fragility of recent stock market highs, based largely upon easing measures and very little strong economic basis," Mahony said.Markets were also hit yesterday by renewed fears about political tension in Greece following reports of an emergency cabinet meeting in Greece and rumours of a potential vote of confidence for Prime Minister Antonis Samaras.Dampening sentiment further was the World Bank which yesterday cut its forecast for global economic growth to 2.2% in 2013, down from its initial 2.4% estimate in January. Meanwhile, the bank said it now expects China to grow by just 7.7% this year, down from its previous 8.4% prediction.FTSE 100: RBS drops after Hester's surprise exitAs expected, RBS tanked early on after announcing late last night that Stephen Hester will step down as CEO after five years. The boss, praised widely for his work for turning the bank around following its government bailout in 2008, said he was stepping aside as the lender prepares for a re-privatisation. RBS also announced plans to cut up to 2,000 investment-banking jobs as part of its ongoing restructuring. Sector peers Barclays, Lloyds, HSBC and Standard Chartered were also in the red.Other financials were also out of favour this morning, including Aberdeen Asset Management, Old Mutual, Legal & General, Reoslution, Hargreaves Lansdown and Standard Life. FTSE 250: Home Retail drops sharplyHomebase and Argos owner Home Retail slumped early on as both chains suffered a decline in margins in the first quarter. Nevertheless, CEO Terry Duddy said that overall the group's trading has been consistent with the board's expectations.Retail WH Smith fell after saying that sales in the third quarter were down 5.0%, while like-for-like sales fell by 6.0%.WS Atkins, the engineering and product management consultancy, said that a strong performance in the UK was offset by continued challenging markets elsewhere as it posted flat revenues for the year ended March 31st. However the bottom line did come in ahead of market expectations, helping shares to rise this morning.FTSE 100 - RisersEvraz (EVR) 121.50p +6.86%Eurasian Natural Resources Corp. (ENRC) 239.00p +2.44%Fresnillo (FRES) 1,092.00p +2.15%Rio Tinto (RIO) 2,728.00p +1.41%Polymetal International (POLY) 636.00p +1.27%BHP Billiton (BLT) 1,784.00p +1.25%Antofagasta (ANTO) 889.50p +1.14%Aggreko (AGK) 1,670.00p +1.09%Anglo American (AAL) 1,388.00p +0.98%Petrofac Ltd. (PFC) 1,270.00p +0.71%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 306.80p -5.77%Aberdeen Asset Management (ADN) 388.20p -3.55%Experian (EXPN) 1,133.00p -3.00%Old Mutual (OML) 178.80p -2.93%Rolls-Royce Holdings (RR.) 1,157.00p -2.77%Legal & General Group (LGEN) 166.80p -2.57%Resolution Ltd. (RSL) 272.70p -2.43%Weir Group (WEIR) 2,131.00p -2.29%Standard Life (SL.) 355.70p -2.17%Hargreaves Lansdown (HL.) 890.00p -2.14%FTSE 250 - RisersAtkins (WS) (ATK) 917.50p +4.26%Kazakhmys (KAZ) 295.80p +1.96%African Barrick Gold (ABG) 130.80p +1.87%Pennon Group (PNN) 672.50p +1.82%Petropavlovsk (POG) 136.30p +1.79%PZ Cussons (PZC) 370.20p +1.31%Fidessa Group (FDSA) 1,908.00p +1.01%Wetherspoon (J.D.) (JDW) 622.00p +0.81%Halma (HLMA) 506.50p +0.80%Savills (SVS) 614.50p +0.74%FTSE 250 - FallersHome Retail Group (HOME) 129.60p -10.06%Unite Group (UTG) 327.60p -5.73%888 Holdings (888) 139.20p -5.37%Bodycote (BOY) 503.00p -4.46%St. Modwen Properties (SMP) 266.90p -4.20%JPMorgan Indian Inv Trust (JII) 338.60p -3.86%Computacenter (CCC) 450.80p -3.65%Perform Group (PER) 549.50p -3.60%New World Resources A Shares (NWR) 96.10p -3.37%Informa (INF) 468.30p -3.32%
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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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