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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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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: UK markets hit two-week low as downgrades hit blue chips

Fri, 24th Jan 2014 11:20

- Aberdeen, Lloyds, easyJet, Whitbread hit by downgrades- US stock futures point to another sell-off- Carney hints at scrapping forward guidancetechMARK 2,800.83 -0.95%FTSE 100 6,697.93 -1.11%FTSE 250 15,732.15 -1.55%UK markets were trading down over one per cent by Friday lunchtime with a number of heavyweight stocks being pressured lower by broker downgrades.Blue chips Aberdeen, Lloyds, easyJet and Whitbread were all providing a drag on the top-tier index after analysts lowered their ratings for the stocks.After treading water a eight-month highs earlier in the week, the FTSE 100 in London has been sold off ahead of the weekend and was 1.1% lower at just under 6,700 by midday. It has not closed below this level since January 9th.Stock futures in the States pointing to a similarly bearish start on Wall Street later on as US indices pick up from where they left off after a sell-off on Thursday which sent the Dow Jones Industrial Average to a five-week low. Weakness on Asian markets overnight also dampened sentiment this morning in the UK.Investors were still reacting to data yesterday which showed that the manufacturing sector in China had slipped into contraction in January, while a barrage of economic indicators from the States came in mixed. "Traders are asking themselves if Thursday's negativity was simply a bit of a shake-out or the start of a more extensive move lower," said Alastair McCaig, Market Analyst from IG. Markets were also digesting comments made by Bank of England (BoE) Governor Mark Carney who signalled at the World Economic Forum in Davos that his forward guidance plan - which links monetary policy to the unemployment rate - could be scrapped.Following the sharp drop in the jobless rate registered earlier this week which fell from 7.4% to 7.1% in the three months to November, Carney said that the UK economy was "in a different place" from where it was last summer. However, he stressed that the BoE still does not intend to tighten policy "immediately". Markets are now awaiting a speech from the central banker later today to outline his plans fully.Aberdeen, Lloyds, easyJet, Whitbread hit by downgradesFund manager Aberdeen fell sharply this morning after receiving a ratings downgrade by Morgan Stanley to 'underweight'. The bank said that a deteriorating fund performance compounds challenging emerging-market fundamentals, "increasing the risk of negative revisions and further multiple de-rating at Aberdeen".Investec has cut its rating for Lloyds Banking Group from 'buy' to 'hold', saying that expectations for 2013 are still "slightly frothy", causing the stock to slip this morning.Budget airline easyJet continued to fall after its first-quarter update yesterday in which it said that losses in the first half would be worse than last year. HSBC lowered its rating on the company today to 'underweight'.Cafe, restaurant and hotel owner Whitbread was also down after Citigroup cut the stock to 'neutral', citing limited upside after a strong rally over recent months.Royal Mail was unwanted after underwhelming with a 2% rise in like-for-like revenue for the nine months ended December 29th. Head of Trading Joe Rundle from ETX Capital called the update "in line but an unexciting read on the whole".Cairn Energy, the oil and gas group, fell after informing investors that it was contacted by the Income Tax Department of India to discuss income tax assessments for the year ending March 31st 2007. FTSE 100 - RisersRandgold Resources Ltd. (RRS) 4,281.00p +2.22%Fresnillo (FRES) 796.50p +2.12%Severn Trent (SVT) 1,698.00p +0.77%BP (BP.) 490.00p +0.38%RSA Insurance Group (RSA) 100.10p +0.35%Resolution Ltd. (RSL) 353.60p +0.34%ARM Holdings (ARM) 974.00p +0.10%SSE (SSE) 1,321.00p +0.08%Centrica (CNA) 320.90p +0.06%InterContinental Hotels Group (IHG) 2,030.00p +0.05%FTSE 100 - FallersAberdeen Asset Management (ADN) 398.50p -5.43%International Consolidated Airlines Group SA (CDI) (IAG) 410.90p -3.86%Aggreko (AGK) 1,622.00p -3.11%Mondi (MNDI) 949.50p -3.01%Experian (EXPN) 1,092.00p -2.85%SABMiller (SAB) 2,900.00p -2.62%Pearson (PSON) 1,160.00p -2.60%Persimmon (PSN) 1,276.00p -2.60%Prudential (PRU) 1,277.00p -2.52%Ashtead Group (AHT) 779.50p -2.44%FTSE 250 - RisersDevro (DVO) 312.20p +2.36%Ted Baker (TED) 2,124.00p +0.95%Berendsen (BRSN) 928.00p +0.81%Galliford Try (GFRD) 1,178.00p +0.60%Pennon Group (PNN) 687.00p +0.44%Britvic (BVIC) 695.50p +0.36%African Barrick Gold (ABG) 223.10p +0.31%Polymetal International (POLY) 587.50p +0.26%F&C Commercial Property Trust Ltd. (FCPT) 124.90p +0.24%Regus (RGU) 218.20p +0.23%FTSE 250 - FallersBank of Georgia Holdings (BGEO) 2,190.00p -7.05%Imagination Technologies Group (IMG) 182.80p -5.29%Tullett Prebon (TLPR) 342.80p -5.20%Ashmore Group (ASHM) 327.30p -4.85%Enterprise Inns (ETI) 154.80p -4.80%IP Group (IPO) 167.00p -4.57%Cairn Energy (CNE) 250.80p -4.31%Ophir Energy (OPHR) 281.50p -4.25%Partnership Assurance Group (PA.) 323.00p -4.15%Dairy Crest Group (DCG) 519.50p -4.15%BC
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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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