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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 55.56
Bid: 55.64
Ask: 55.66
Change: -0.52 (-0.93%)
Spread: 0.02 (0.036%)
Open: 56.22
High: 56.32
Low: 54.98
Prev. Close: 56.08
LLOY Live PriceLast checked at -

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London open: Market extends losses on euro worries

Tue, 24th Jul 2012 08:29

- Footsie continues to fall as Spanish yields rise- Moody's turns 'negative' on Germany, Netherlands and Luxembourg- Miners, banks provide a drag in London- Moody´s criticizes gradualist approach to crisis resolution- Goldman Sachs AM President calls for radical ECB action -BBCUK stocks edged lower on Tuesday morning as markets extended losses from the day before on the back of concerns over the financial health of both Spain and Greece.The Footsie slumped 2.09% on Monday after 10-year Spanish bond yields surged to a euro-era record of 7.565% on rumours that Spanish regions Murcia and Catalonia are joining Valencia in asking for government aid. Markets are now concerned that this will lead to a full-scale bailout for the southern European nation. Yields hit a new record-high of 7.567% this morning.Meanwhile, it is feared that the International Monetary Fund might not provide any additional funds for Greece, prompting concerns that the country will default on its debt. Yesterday, however, the Washington based lender reiterated its support for Greece.Markets will likely be cautious today after Moody's Investors Service revised the outlooks on the triple-A ratings of Germany, the Netherlands and Luxembourg to 'negative' from 'stable' due to the rising uncertainty regarding the outcome of the Eurozone debt crisis and the increased likelihood of Greece's exit from the single-currency region. Particularly worth noting, Moody´s criticizes the gradualist approach being taken to crisis resolution in the Eurozone, from which those potentially more elevated risks arise.There's a barrage of economic data due out today across the globe, including purchasing managers' indices (PMIs) from the Eurozone. In China, the preliminary HSBC manufacturing PMI rose from 48.2 to 49.5; while the sector is still contracting, the PMI is at a five-month high.FTSE 100: Aberdeen leads the risers after broker commentsFund manager Aberdeen Asset Management was a strong performer early on following yesterday's third-quarter update in which it reported assets under management slipped 1%. This morning, Societe General upgraded the stock to 'buy', JP Morgan Cazenove raised its target price, while UBS and Morgan Stanley maintained their positive ratings.Strong demand for its speciality chemicals in America offset weaker trading conditions in Europe for Croda International in the first half of 2012, causing shares to rise.Imperial Tobacco fell after saying that while net revenue was up 3% in the first nine months of the year, stick equivalent volumes fell 3%. The group also noted "challenging conditions" in some markets.Miners and banking stocks were still feeling the effects of risk aversion today, with Glencore, Rio Tinto, Antofagasta, RBS, Barclays and Lloyds among the worst performers.FTSE 250: Man up after first-half resultsHedge fund manager Man Group surged despite funds under management falling from $58.4bn to $52.7bn and adjusted profits almost halving. The firm said it was on track to achieve its cost-cutting target of $95m and said it will save further in the next 18 months.Flooring retailer Carpetright fell after saying that total sales in the UK fell 2.1% due to the reduction in the number of stores year-on-year.Wireless technology and computer chip group CSR edged lower after its first-half results, saying that "order patterns have been more cautious with respect to the second half of 2012."FTSE 100 - RisersAberdeen Asset Management (ADN) 248.90p +1.67%Croda International (CRDA) 2,265.00p +1.62%Rolls-Royce Holdings (RR.) 844.50p +1.08%Amec (AMEC) 1,060.00p +0.76%Aggreko (AGK) 1,917.00p +0.58%British Land Co (BLND) 527.00p +0.57%Shire Plc (SHP) 1,878.00p +0.54%SSE (SSE) 1,383.00p +0.51%Hammerson (HMSO) 459.40p +0.46%Rexam (REX) 439.50p +0.43%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 194.50p -1.72%Barclays (BARC) 150.35p -1.44%Imperial Tobacco Group (IMT) 2,419.00p -1.23%Standard Chartered (STAN) 1,441.00p -1.13%Lloyds Banking Group (LLOY) 28.96p -1.11%Aviva (AV.) 272.50p -0.98%Rio Tinto (RIO) 2,796.00p -0.97%Prudential (PRU) 725.50p -0.96%Capita (CPI) 675.00p -0.95%Glencore International (GLEN) 306.25p -0.84%FTSE 250 - RisersMan Group (EMG) 75.20p +8.75%Provident Financial (PFG) 1,273.00p +8.53%International Personal Finance (IPF) 245.50p +3.94%RPS Group (RPS) 230.10p +2.04%Greggs (GRG) 519.50p +1.96%Fidessa Group (FDSA) 1,552.00p +1.77%JPMorgan Indian Inv Trust (JII) 321.48p +1.57%Avocet Mining (AVM) 66.20p +1.30%Rank Group (RNK) 117.50p +1.29%Atkins (WS) (ATK) 730.00p +0.97%FTSE 250 - FallersBumi (BUMI) 288.00p -4.67%Savills (SVS) 359.60p -4.06%Perform Group (PER) 356.00p -3.78%African Barrick Gold (ABG) 305.10p -3.75%NMC Health (NMC) 193.00p -3.26%PZ Cussons (PZC) 311.30p -3.23%Stagecoach Group (SGC) 276.30p -2.71%Aquarius Platinum Ltd. (AQP) 38.13p -2.41%Henderson Group (HGG) 91.95p -2.34%Telecom Plus (TEP) 796.00p -2.33%BC
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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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