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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: 55.22
Bid: 55.06
Ask: 55.08
Change: 0.20 (0.36%)
Spread: 0.02 (0.036%)
Open: 54.94
High: 55.42
Low: 54.82
Prev. Close: 55.02
LLOY Live PriceLast checked at -

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London midday: Shares drift lower on bail-out doubts

Tue, 11th May 2010 12:16

The leading share index is posting triple-digit losses as nerves set in over the prospects for the €750bn bailout agreed by European governments to prevent economic collapse in countries that use the euro.Banks are among the worst performers, most notably part-nationalised Royal Bank of Scotland. The taxpayer-owned bank has agreed to pay the US government $500m to settle charges it conspired to violate the US Bank Secrecy Act. The Department of Justice said ABN Amro, the lender RBS bought in 2007, had helped banks and customers from blacklisted countries, such as Cuba, Iran, Libya, and Sudan, to carry out transactions. Barclays and Lloyds are also suffering.Among the handful of risers is the service company Serco, which is on track to meet its financial guidance for 2010 after a strong performance in the first half of the year so far. The company, whose activities include operating London's Docklands Light Railway and prison vans, entered 2010 with a record order book of £17.1bn. It has signed contracts worth about £1bn so far this year.In other company news, life insurer Aviva is one, It grew sales for the second successive quarter as its core life and pensions businesses in the UK and Europe pushed ahead. Long-term savings sales for three months to March this year rose by 16% over the previous quarter to over £10.2bn, in line with the first quarter of 2009.TUI Travel is to take a £90m hit for the impact of the disruption caused by the volcanic ash cloud, but intends to sue national governments to get the money back. The tour operator added that forward bookings have held up well despite the disruption though pre-tax losses increased to £367m from £333m in the half-year to March. Revenues fell 8% to £4.93bn from £5.38bn.Another company hit by the volcano cloud, EasyJet, reported a smaller than expected first half loss but cut its full year profit forecast due to the travel disruption. The carrier revised its profit expectations for the year to a range of £100m to £150m at current exchange rates and fuel price, down from expectations of £175m to £200m prior to the recent volcanic ash related disruption.Recent listing Supergroup will report sales rose by 83% over the previous year when it reports its first figures since it joined the stock market. The fashion group behind the Superdry label said total sales for year to end April rose by £63m to £139m. Retail sales were up 75% to £85m (an increase of £36m) with like-for-like sales up 17% for the year. Wholesale sales rose by 98% to £54m.Engineering support services group Babcock International reported a rise in profits in the year to March 31 and said it expected to see continuing demand for its efficiency-delivering services as pressure on public spending increases.Pub group Enterprise Inns is a stand-out riser after the pub group said it had agrees a £625m debt facility. The company, which leases out pubs to landlords rather than managing them centrally, has been struggling with difficult trading conditions in recent years, as was underlined by a fall in profits reported today. Fellow tenanted pub group Punch Taverns is higher in sympathy.FTSE 100 - RisersRandgold Resources (RRS) 5,700.00p +2.15%BT Group (BT.A) 118.50p +1.89%Aggreko (AGK) 1,256.00p +1.21%G4S (GFS) 266.10p +0.72%Imperial Tobacco Group (IMT) 1,825.00p +0.61%Serco Group (SRP) 617.50p +0.24%National Grid (NG.) 609.00p +0.16%Sage Group (SGE) 238.10p -0.00%ICAP (IAP) 366.70p -0.22%Cobham (COB) 243.80p -0.29%FTSE 100 - FallersXstrata (XTA) 1,020.00p -6.59%Vedanta Resources (VED) 2,410.00p -5.53%Kazakhmys (KAZ) 1,254.00p -5.36%Royal Bank of Scotland Group (RBS) 49.02p -5.28%Anglo American (AAL) 2,626.00p -4.58%Rio Tinto (RIO) 3,221.50p -4.34%Standard Chartered (STAN) 1,679.50p -4.33%TUI Travel (TT.) 247.50p -4.33%Barclays (BARC) 316.85p -3.87%Legal & General Group (LGEN) 80.60p -3.82%FTSE 250 - RisersEnterprise Inns (ETI) 133.50p +9.34%Connaught (CNT) 328.50p +4.32%Babcock International Group (BAB) 579.00p +3.95%VT Group (VTG) 746.00p +2.19%Marston's (MARS) 94.70p +1.83%Punch Taverns (PUB) 80.40p +1.77%Regus (RGU) 113.30p +1.25%Restaurant Group (RTN) 227.00p +0.98%Telecity Group (TCY) 392.60p +0.67%BH Macro EUR Shares (BHME) € 16.81 +0.60%FTSE 250 - FallersRedrow (RDW) 132.40p -7.67%Gem Diamonds (GEMD) 265.60p -6.15%Helical Bar (HLCL) 312.30p -5.91%Berkeley Group Holdings (BKG) 766.50p -5.25%BlueBay Asset Management (BBAY) 334.60p -4.84%Gartmore Group (GRT) 146.10p -4.76%Hochschild Mining (HOC) 242.10p -4.72%easyJet (EZJ) 421.70p -4.64%Yell Group (YELL) 47.73p -4.54%Taylor Wimpey (TW.) 36.19p -4.51%
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