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: 52.28
Bid: 52.26
Ask: 52.30
Change: 0.22 (0.42%)
Spread: 0.04 (0.077%)
Open: 52.38
High: 52.90
Low: 52.26
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: Stocks flat as BoE holds rates

Thu, 10th Jan 2013 11:22

The Footsie was trading broadly flat on Thursday morning despite some decent trade data from China and solid debt auctions in the Eurozone, as investors kept a close eye on central bank decisions.At midday, the Bank of England announced that it has kept its official Bank Rate at 0.5% and its asset purchase programme at £375bn.The European Central Bank (ECB), due to report its policy decision in the coming hours, is expected to remain in "wait and see" mode despite the continuing economic troubles in the Eurozone. Experts believe that recent signs of stabilisation in the economic data allow the ECB to stand pat despite the current recessionary environment in the region.In the following press conference with ECB chief Mario Draghi, he "is expected to retain a dovish tone, suggesting that risk appetite has helped to steady price-action in financial markets and may even produce some positive sounds over the Eurozone staging a mild recovery in 2H 2013," according to market strategist Ishaq Siddiqi from ETX Capital.Bond auctions and China trade surplus buoys marketsJust 13 points separated the Footsie's intraday low (6,097) and high (6,110) this morning, as markets remained cautious after hitting a near four-year high the day before. The index finished at 6,099 on Wednesday, its highest closing level since May 22nd 2008. Nevertheless, this morning's well-subscribed bond auction in Spain helped keep the Footsie in the blue, with Spain selling €5.8bn of debt, higher than the €5bn targeted. Spanish 10-year yields on the secondary market dropped below 5% for the first time since March 2011: the borrowing rate on the a benchmark Spanish note was down 15.2 basis points at 4.986% on the day. Meanwhile, Italian yields on 12-month notes fell to a three-year low at an auction today, at which the Treasury sold €8.5bn of debt.Market analyst Michael Hewson from CMC Markets said in an e-mail this morning: "It would appear that the 'Draghi Put' is alive and kicking hard in European bond markets".Chinese trade rebounded strongly last month, also providing a life to sentiment this morning. The trade surplus totalled $31.6bn in December, well ahead of the $19.6bn surplus reported in November and the $20bn forecast. Exports jumped by 14.1% year-on-year, ahead of the 5% estimate, while imports also beat expectations rising by 6%, ahead of the 3.5% estimate.FTSE 100: BunzlInternational distribution and outsourcing giant Bunzl was leading the riser after completing three further purchases in South America and the US, bringing its 2012 total acquisition spend to £270m. The stock was given an extra lift this morning by Numis which upgraded the shares to 'buy' and lifted its target price from 987p to 1,248p.Following close behind was industrial group Melrose after Citigroup raised its view on the stock to 'buy' and hiked its target price from 220p to 270p.Internet purchases supported a moderate rise in sales at Tesco, according to the supermarket chain's latest trading statement. Group sales in the six weeks to January 5th increased by 3.8% including petrol, causing shares to rise this morning. Oriel Securities upgraded the stock to 'buy'.Heading the other day was High Street giant Marks & Spencer after reporting worse-than-expected sales figures for the key Christmas period in a trading update that was partially leaked the night before. LFL sales in the UK dropped by 1.8%, worse than the 1.4% decline expected by Nomura.Banks were performing well this morning with RBS, Lloyds and Standard Chartered making gains. The latter was lifted this morning by Societe Generale, which upgraded its rating to 'buy' and hiked its target price for the shares from 1,530p to 1,900p.FTSE 250: SIG shrugs off gloomy outlookBuilding materials group SIG surged this morning despite warning that construction markets in 2013 are to "remain challenging". Revenues in 2012 totalled around £2,635m, flat on a constant currency basis, though down by 4.0% in sterling due to exchange rate movements. Underlying profit is expected to be no less than £82m. Shares were up around 6% by midday.TV decoder maker Pace rose after saying that full-year revenue is expected to be ahead of previous forecasts and 4% higher than last year. The West Yorkshire based firm said it expects revenue to be around $2.4bn after a strong second half.Lighting, signalling and electronics group Dialight was higher after expressing confidence for a "continued strong performance in 2013".FTSE 100 - RisersBunzl (BNZL) 1,064.00p +4.83%Melrose Industries (MRO) 242.60p +3.45%Wood Group (John) (WG.) 798.00p +3.10%ARM Holdings (ARM) 849.00p +2.66%Eurasian Natural Resources Corp. (ENRC) 320.70p +2.36%Tesco (TSCO) 357.30p +2.33%International Consolidated Airlines Group SA (CDI) (IAG) 198.10p +1.75%Reed Elsevier (REL) 651.50p +1.72%United Utilities Group (UU.) 698.00p +1.60%WPP (WPP) 919.00p +1.49%FTSE 100 - FallersMarks & Spencer Group (MKS) 355.50p -4.18%Associated British Foods (ABF) 1,521.00p -1.62%Intertek Group (ITRK) 3,111.00p -1.55%Tate & Lyle (TATE) 769.50p -1.28%Vedanta Resources (VED) 1,200.00p -1.23%Unilever (ULVR) 2,364.00p -1.21%Imperial Tobacco Group (IMT) 2,443.00p -1.05%Diageo (DGE) 1,780.00p -1.03%Whitbread (WTB) 2,418.00p -0.98%Fresnillo (FRES) 1,753.00p -0.96%FTSE 250 - RisersHays (HAS) 91.20p +6.67%SIG (SHI) 135.00p +6.30%Centamin (DI) (CEY) 52.10p +4.24%Chemring Group (CHG) 276.00p +3.60%Dialight (DIA) 1,051.00p +3.55%Lonmin (LMI) 308.20p +3.49%COLT Group SA (COLT) 103.00p +3.00%Travis Perkins (TPK) 1,201.00p +2.91%Restaurant Group (RTN) 373.70p +2.66%Micro Focus International (MCRO) 603.00p +2.55%FTSE 250 - FallersBwin.party Digital Entertainment (BPTY) 106.80p -4.22%African Barrick Gold (ABG) 366.30p -3.61%Rentokil Initial (RTO) 91.50p -3.07%Home Retail Group (HOME) 120.80p -2.58%Debenhams (DEB) 103.70p -2.54%Spectris (SXS) 1,979.00p -1.79%Bodycote (BOY) 464.20p -1.76%BlackRock World Mining Trust (BRWM) 609.00p -1.54%Salamander Energy (SMDR) 196.70p -1.40%Greggs (GRG) 443.70p -1.18%BC
More News
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
19 Apr 2024 09:26

LONDON BROKER RATINGS: Peel Hunt starts NatWest and Barclays at 'buy'

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

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.