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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 56.18
Bid: 55.94
Ask: 55.98
Change: -0.02 (-0.04%)
Spread: 0.04 (0.072%)
Open: 55.98
High: 56.30
Low: 55.80
Prev. Close: 56.20
LLOY Live PriceLast checked at -

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London midday: Stocks rise as Chinese manufacturing hits seven-month high

Thu, 24th Oct 2013 12:10

- Chinese HSBC PMI at seven-month high- Eurozone composite PMI misses forecasts- Sports Direct founder sells 106m-pound staketechMARK 2,629.17 +0.18%FTSE 100 6,706.61 +0.48%FTSE 250 15,526.08 +0.20%UK stocks were performing well on Thursday as some improving data from China fuelled some decent gains in the banking and mining sectors.Market Analyst Craig Erlam from Alpari said: "Anything that's good for Chinese growth is viewed as positive for the global economy, which is why we're seeing European indices on the rise again this morning, following the brief pull-back yesterday."The FTSE 100 slipped on Wednesday, recording its first day in the red in 10 trading sessions, as traders took profits after the index hit a five-month high the day before. The index rebounded today, trading at around 6,700 by midday.The Chinese HSBC manufacturing purchasing managers' index (PMI) improved from 50.2 to a seven-month high of 50.9 in October, ahead of the consensus forecast for 50.4. HSBC economist Qu Hongbin that this momentum is likely to continue in the coming months, "creating favourable conditions for speeding up structural reforms".However, Chinese stocks fell overnight after the country's central bank refrained from injecting extra liquidity into markets for the third auction in a row, causing the seven-day bond repurchase rate - an important measure of short-term liquidity - to jump 47 basis points to 4.05% during today's session. This was biggest rise since late-July and has reignited fears over a liquidity squeeze that hammered global financial markets in the summer.In the Eurozone, the Composite PMI, which measures activity in both the services and manufacturing sectors, fell from 52.2 to 51.5 in October, missing the forecast of 52.4. Nevertheless, the index remains in growth territory (above 50), which is likely to lift confidence as the region moves out of recession.Sports Direct drops as founder trims stakeSports Direct, the High Street retailer which impressed the market with its first-half trading update yesterday, sunk sharply today. The firm revealed that MASH Holdings, a company wholly owned by founder and Deputy Chairman Mike Ashley, sold 16m shares (a 2.7% stake) at 662.5p each, a 7.5% discount to Wednesday's closing price. The £106m sale reduced MASH's holding to 61.7%.Banking stocks were higher this morning, rebounding after the announcement of European Central Bank stress tests scared investors yesterday. Lloyds, RBS and Barclays were among the best performers.Meanwhile, increased risk appetite helped the share prices of miners Antofagasta and Fresnillo higher.Advertising giant WPP advanced after reporting a 7.2% rise in revenue to £8.2bn pounds in the first nine months on the back of acquisitions and new business wins. Power systems group Rolls-Royce rose after winning a contract for the supply of thrusters and deck machinery for use in drilling offshore Korea.Consumer products giant Unilever edged higher after a weak start as the firm reported underlying sales growth of 3.2% during the third quarter, well below the 5% growth seen in the first half after a slowdown in emerging-market growth.Ophir Energy surged after confirming reports that it will sell a part interest in gas field blocks one, three and four in Tanzania.Copper miner Kazakhmys gained after saying that copper cathode equivalent output is on track to meet the upper-end of guidance after a decent third quarter.FTSE 100 - RisersAberdeen Asset Management (ADN) 445.90p +4.77%Rolls-Royce Holdings (RR.) 1,171.00p +2.36%Lloyds Banking Group (LLOY) 79.65p +2.23%Coca-Cola HBC AG (CDI) (CCH) 1,821.00p +1.90%Royal Bank of Scotland Group (RBS) 358.80p +1.90%Standard Chartered (STAN) 1,527.50p +1.83%Fresnillo (FRES) 1,011.00p +1.71%British Land Co (BLND) 623.00p +1.63%Antofagasta (ANTO) 877.50p +1.39%Petrofac Ltd. (PFC) 1,443.00p +1.33%FTSE 100 - FallersSports Direct International (SPD) 685.50p -3.72%Marks & Spencer Group (MKS) 478.70p -1.38%William Hill (WMH) 393.90p -1.28%easyJet (EZJ) 1,332.00p -1.19%ITV (ITV) 192.80p -1.13%Centrica (CNA) 356.60p -1.05%Severn Trent (SVT) 1,856.00p -1.01%Randgold Resources Ltd. (RRS) 4,605.00p -0.75%Sage Group (SGE) 324.60p -0.73%Burberry Group (BRBY) 1,542.00p -0.71%FTSE 250 - RisersOphir Energy (OPHR) 324.80p +8.48%Kazakhmys (KAZ) 263.50p +4.81%Ferrexpo (FXPO) 193.00p +4.49%Hochschild Mining (HOC) 167.00p +4.44%Essar Energy (ESSR) 124.50p +3.58%Man Group (EMG) 91.05p +3.35%Inchcape (INCH) 642.50p +3.21%Telecity Group (TCY) 801.00p +2.76%TR Property Inv Trust (TRY) 232.00p +2.75%IP Group (IPO) 153.00p +2.68%FTSE 250 - FallersDebenhams (DEB) 104.10p -5.96%Spirent Communications (SPT) 117.50p -4.86%De La Rue (DLAR) 856.00p -3.33%Ocado Group (OCDO) 421.30p -2.93%Keller Group (KLR) 1,060.00p -2.57%Moneysupermarket.com Group (MONY) 151.20p -2.14%888 Holdings (888) 164.10p -2.09%Petra Diamonds Ltd.(DI) (PDL) 119.80p -2.04%Genus (GNS) 1,350.00p -1.75%Alent (ALNT) 349.00p -1.69%BC
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26 Jul 2023 13:53

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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26 Jul 2023 12:21

Shares fall as Fed rate rise looms

Euro STOXX down 0.9%

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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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