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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: 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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27 Oct 2023 09:12

LONDON MARKET OPEN: NatWest trims outlook and admits Farage "failings"

(Alliance News) - London's FTSE 100 opened slightly lower on Friday, as banking stocks weighed on the index, with NatWest the worst of the lot after admitting to "serious failings" following a review of the controversial closure of UK politician Nigel Farage's Coutts account.

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26 Oct 2023 11:44

Berenberg stays at 'hold' on Lloyds Banking

(Sharecast News) - Analysts at Berenberg reiterated their 'hold' rating and 58.0p target price on financial services giant Lloyds Banking Group on Thursday, stating it still sees better opportunities elsewhere.

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26 Oct 2023 09:24

LONDON BROKER RATINGS: HSBC cuts Reckitt to 'hold' from 'buy'

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

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26 Oct 2023 07:51

LONDON BRIEFING: PizzaExpress owner makes play for Restaurant Group

(Alliance News) - The FTSE 100 is set to open lower on Thursday, as investors nervously look ahead to a key interest rate decision from the European Central Bank, and US economic growth data.

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25 Oct 2023 17:07

LONDON MARKET CLOSE: FTSE 100 fights off early losses in mixed trading

(Alliance News) - Stock prices in London closed mixed on Wednesday, as concerns over monetary policy and developments in the Middle East lingered.

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25 Oct 2023 15:11

London close: Stocks end choppy session mixed

(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors weighed a number of factors.

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25 Oct 2023 09:10

LONDON MARKET OPEN: Essentra falls as profit hit; banks edge lower

(Alliance News) - Stock prices in London opened lower on Wednesday, as investors digest the latest company earnings.

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25 Oct 2023 08:39

TOP NEWS: Lloyds Banking profit up and sticks with margin outlook

(Alliance News) - Lloyds Banking Group PLC on Wednesday maintained its annual net interest margin guidance and reported consensus-topping third-quarter profit, though top-line growth fell just shy of loftier expectations.

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25 Oct 2023 07:49

LONDON BRIEFING: Reckitt begins USD1 billion buyback; Lloyds profit up

(Alliance News) - Stocks in London are expected to tread water on Wednesday, despite a strong performance in the US and Asia.

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25 Oct 2023 07:01

Lloyds Bank Q3 profits surge despite lower lending

(Sharecast News) - Lloyds Bank reported a massive jump in third quarter profits as it continued to cash in on higher interest rates, despite a reduction in lending to customers amid tough macroeconomic conditions.

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24 Oct 2023 12:00

LONDON MARKET MIDDAY: Stocks in red amid cooling UK economy

(Alliance News) - Stock prices in London were lower at midday Tuesday, though European peers were in the green, with the banking sector weighing on the FTSE 100 after less-than-stellar results from Barclays.

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24 Oct 2023 09:22

LONDON MARKET OPEN: Banks weigh on FTSE 100 after Barclays disappoints

(Alliance News) - Stock prices in London opened lower on Tuesday, amid some disappointing UK company updates and the continuing uncertainty caused by the conflict in the Middle East

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23 Oct 2023 11:15

Barclay family looks to stall crucial court case - report

(Sharecast News) - The Barclay family is seeking to postpone a court case that would see insolvency proceedings get underway for one of their key holding companies, it was reported on Monday.

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18 Oct 2023 15:44

UK earnings, trading statements calendar - next 7 days

Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
Wednesday 25 October 
Asos PLCFull Year Results
Bytes Technology Group PLCHalf Year Results
Critical Mineral Resources PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Ibstock PLCTrading Statement
Lloyds Banking Group PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
RWS Holdings PLCTrading Statement
ScS Group PLCFull Year Results
Virgin Wines UK PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Oct 2023 10:18

Mitie halfway through buyback, raises operating profit guidance

(Alliance News) - Mitie Group PLC on Wednesday said revenue increased by around 11% in its latest half year, and that it completed the first GBP25 million tranche of its GBP50 million share buyback.

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