George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video 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: 52.30
Bid: 52.24
Ask: 52.26
Change: 1.10 (2.15%)
Spread: 0.02 (0.038%)
Open: 51.12
High: 52.60
Low: 51.08
Prev. Close: 51.20
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 open: Footsie pulls back despite strong showing by banks

Mon, 07th Jan 2013 08:15

After hitting a near two-year high the previous trading session, profit-taking meant that the FTSE 100 opened slightly lower on Monday morning. This was despite relative strength in the banking sector on the back of some better-than-expected news on regulation.The FTSE 100 finished Friday at 6,090; just one point shy of the February 8th 2011 high of 6,091. "With little to stimulate stock markets today given the lack of economic data and ongoing concerns about the next showdown between US lawmakers, traders are taking profit," said market strategist Ishaq Siddiqi from ETX Capital."Most major stock markets are trading near fresh 12-month highs; this provides traders the perfect opportunity to take some cash off the table ahead of another week of key global macroeconomic data," he said.Investors will be keeping close eyes on decisions from central banks this week. Neither the Bank of England (BoE) nor the European Central Bank (ECB) are expected to make a move this week. However, until the budget negotiations Stateside are decisively concluded, economic uncertainty is expected to continue to cast a cloud over decision making, albeit to a lesser extent than was feared before last week's fiscal cliff agreement, "so that the need for further easing cannot be dismissed", according to analysts at Digital Look. "Unwelcome surprises out of the Eurozone" would also be a factor, they said.FTSE 100: Morrisons shrugs off "disappointing" ChristmasDespite saying that it was disappointed with its sales performance during Christmas, supermarket giant Morrisons was making gains early on, as investors shrugged off the news that sales (ex fuel) fell 0.9% in the six months to December 30th. Nevertheless, the company did say that its full-year performance would be in line with expectations. Seymour Pierce this morning reduced its target price for the stock from 250p to 230p, maintaining its 'reduce' rating. Sector peers Tesco and Sainsbury were also in demand.Insurance giant Legal & General gained after saying that it has improved the return on equity (RoE) and profitability of new business within its American subsidiary after completing a further phase of its capital efficiency programme.Power systems giant Rolls-Royce was under the weather on reports of further bribery allegations. The latest rumours suggest that the company paid bribes to a person involved in deals worth $2bn with two Chinese airlines.Banking peers RBS, Lloyds and Barclays were high risers after regulators eased rules on cash buffers, giving lenders more time and greater flexibility to comply with Basel III liquid coverage ratio requirements.Market analyst Michael Hewson from CMC Markets said: "The banks have been lobbying persistently over the past months to the effect that the strict timetable was impairing their ability to lend to the real economy, thus hampering the broader economic recovery. They also claimed that the narrow definition of assets they were allowed to hold was hampering their ability to make profits. It appears the banks have got their way in this regard."FTSE 250: Bumi gains after battling agains weak coal pricesMining group Bumi rose after saying that it continues to target a medium-term production target of 30mt each year and in light of the weak coal price environment, it will focus on lower cost pits and defer some of its expansion plans.Support services and construction group Interserve also rose after saying it is to expand its operational footprint in the oil and gas services market with the acquisition of a majority stake in Willbros Middle East.Euromoney, the international online information and events group, was higher after moving into the technology sector with an $8m-offer to buy up Californian outfit TTI/Vanguard.High Street betting shop Ladbrokes gained after confirming speculation that it is in talks to buy Irish betting exchange Betdaq.Also flying higher was budget airline easyJet after it managed to increase both its passenger numbers and load factor in last month.FTSE 100 - RisersBarclays (BARC) 287.40p +3.87%Lloyds Banking Group (LLOY) 50.80p +1.89%Royal Bank of Scotland Group (RBS) 339.10p +1.59%Meggitt (MGGT) 412.60p +1.50%British American Tobacco (BATS) 3,201.50p +0.85%Standard Chartered (STAN) 1,646.50p +0.80%Hammerson (HMSO) 496.90p +0.73%HSBC Holdings (HSBA) 672.10p +0.67%Morrison (Wm) Supermarkets (MRW) 258.30p +0.55%Tesco (TSCO) 351.35p +0.54%FTSE 100 - FallersFresnillo (FRES) 1,777.00p -1.82%Rolls-Royce Holdings (RR.) 904.00p -1.53%Xstrata (XTA) 1,132.00p -1.31%Babcock International Group (BAB) 996.00p -1.29%Randgold Resources Ltd. (RRS) 5,900.00p -1.26%Centrica (CNA) 336.80p -1.23%National Grid (NG.) 703.00p -1.13%Antofagasta (ANTO) 1,329.00p -1.04%Tullow Oil (TLW) 1,262.00p -1.02%ARM Holdings (ARM) 794.00p -1.00%FTSE 250 - RisersFidessa Group (FDSA) 1,585.00p +3.12%Dunelm Group (DNLM) 699.50p +2.79%Bumi (BUMI) 273.90p +1.94%Raven Russia Ltd (RUS) 63.80p +1.92%Taylor Wimpey (TW.) 69.80p +1.82%Centamin (DI) (CEY) 39.90p +1.79%easyJet (EZJ) 835.00p +1.71%Redrow (RDW) 170.50p +1.49%COLT Group SA (COLT) 97.40p +1.46%KCOM Group (KCOM) 72.90p +1.18%FTSE 250 - FallersRenishaw (RSW) 1,900.00p -6.03%New World Resources A Shares (NWR) 322.10p -2.63%Perform Group (PER) 378.10p -2.30%Senior (SNR) 209.84p -2.03%Kenmare Resources (KMR) 33.66p -1.87%Hiscox Ltd. (HSX) 453.07p -1.61%Pace (PIC) 188.00p -1.42%BTG (BTG) 348.90p -1.30%Diploma (DPLM) 543.50p -1.18%Elementis (ELM) 227.40p -1.13%BC
More News
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
19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after state media in Iran reported explosions.

Read more
19 Apr 2024 07:47

LONDON BRIEFING: Man Group assets up; 888 revenue above outlook

(Alliance News) - London's FTSE 100 is called to open lower on Friday, though oil prices got a boost, on fears of a conflict escalation in the Middle East.

Read more
18 Apr 2024 14:55

Nord Stream insurers deny policies covered war risks in UK lawsuit

MOSCOW/LONDON, April 18 (Reuters) - Nord Stream's insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defence to a lawsuit filed at London's High Court.

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.