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: 55.52
Bid: 55.34
Ask: 55.38
Change: -0.02 (-0.04%)
Spread: 0.04 (0.072%)
Open: 55.66
High: 55.78
Low: 55.16
Prev. Close: 55.54
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: RBS provides a boost early on

Thu, 23rd Feb 2012 08:25

- RBS leads banks higher after results.- Capita rises strongly after bullish outlook.- EU expected to cut Eurozone GDP forecasts.The Footsie opened slightly higher on Thursday as the markets digested a host of results, with heavyweights such as Royal Bank of Scotland (RBS), Capita, Centrica, RSA Insurance and British American Tobacco (BATS) reporting their full-year results this morning.In economic news, European Union Economic and Monetary Affairs Commissioner Olli Rehn is expected to reveal later this morning the revised forecasts for growth this year. Given the weakening economic conditions throughout the region, estimates are widely expected to be cut. While waiting for the official data, Il Sole 24 Ore has already leaked some of the figures. The Eurozone is expected to grow by 0.3% in 2012, down from the previous estimate of 0.5%.RBS RISES STRONGLY AFTER RESULTSThe biggest news of the day centred around RBS which rose strongly early on despite widening losses in 2011. Provisions for mis-selling of payment protection insurance schemes and Greek debt ensured part-nationalised lender made a pre-tax loss of £766m in 2011, compared with a loss of £399m in 2010, though the core business was profitable at the operating level."RBS Core profits - the ongoing bank - were £6bn, comparing well with others and representing a return on equity of 10.5%. The reduction in our balance sheet since 2008 now exceeds £700bn with all other 'safety' measures improving strongly," said Group Chief Executive Stephen Hester. Sector peers Barclays and Lloyds were also in demand, with the latter's results due out tomorrow.Business outsourcing group Capita was a high riser after saying that it expects revenue growth to accelerate in 2012 after a "reasonable" level of growth last year. Turnover grew by 7% from £2,744m to £2,930m in the year ended December 31st, slightly ahead of Panmure Gordon's forecast of £2,900m.Gas and electricity provider Centrica was out of favour despite saying that it had put in a resilient performance in challenging conditions in 2011. Revenue edged up to £22.8bn from £22.4bn in 2010, ahead of market expectations of £21.9bn.Insurance giant RSA received premiums worth £8.1bn during 2011, an 8% rise on 2010 at constant exchange rates. Profit before tax came in at £613m, a gain of 29% on the previous year, however, it was below forecasts made by analysts at Credit Suisse who had expected profit before tax of £719.2m.BATS fell despite seeing revenues rise 3% to £15,399m in 2011. The company said that volumes fell 0.4% during the year, and expressed concerns about various proposals around the world to introduce so called "plain packaging", which BATS argues will play into the hands of criminal gangs which smuggle cigarettes.Meanwhile, consumer packaging firm Rexam has continued its strong performance after reporting yesterday that underlying profit before tax jumped 15% in 2011. Shares surged 7% on Wednesday.FTSE 250: REDROW UP AS PROFITS JUMPHouse builder Redrow saw a strong rise in profits in the first half and seems cautiously optimistic about the housing market during the rest of the year. Pre-tax profit jumped 80% from £8.5m to £15.3m, ahead of expectations of £14m (Panmure Gordon).Oil and gas producer Salamander Energy rose after reporting the successful appraisal of Block L27/43 at the Dong Mun discovery, onshore Northeast Thailand.Among the fallers was construction, services and property group Kier which this morning unveiled a 4.6% fall in total revenue for the six months ended December 31st.BCFTSE 100 - RisersCapita (CPI) 713.50p +3.63%Royal Bank of Scotland Group (RBS) 28.27p +3.44%Vedanta Resources (VED) 1,409.00p +2.10%Lloyds Banking Group (LLOY) 36.02p +1.71%Randgold Resources Ltd. (RRS) 7,355.00p +1.52%Serco Group (SRP) 547.00p +1.48%Old Mutual (OML) 159.10p +1.47%Cairn Energy (CNE) 351.50p +1.21%Barclays (BARC) 242.00p +1.17%Aggreko (AGK) 2,180.00p +1.02%FTSE 100 - FallersRSA Insurance Group (RSA) 109.70p -2.49%International Consolidated Airlines Group SA (IAG) 163.80p -0.85%Hargreaves Lansdown (HL.) 461.40p -0.77%Whitbread (WTB) 1,693.00p -0.65%British American Tobacco (BATS) 3,115.00p -0.57%BP (BP.) 494.40p -0.51%ICAP (IAP) 393.20p -0.48%Eurasian Natural Resources Corp. (ENRC) 718.50p -0.48%Sainsbury (J) (SBRY) 303.60p -0.43%InterContinental Hotels Group (IHG) 1,414.00p -0.42%FTSE 250 - RisersBodycote (BOY) 382.50p +13.50%Informa (INF) 437.30p +4.84%Barratt Developments (BDEV) 144.70p +3.51%Redrow (RDW) 133.60p +2.77%Salamander Energy (SMDR) 253.40p +2.59%Petropavlovsk (POG) 756.00p +2.51%Morgan Crucible Co (MGCR) 363.70p +2.34%Dixons Retail (DXNS) 14.97p +1.91%JD Sports Fashion (JD.) 829.50p +1.90%Hays (HAS) 89.05p +1.89%FTSE 250 - FallersKier Group (KIE) 1,412.00p -5.17%Supergroup (SGP) 559.50p -3.53%Go-Ahead Group (GOG) 1,290.00p -2.79%New World Resources A Shares (NWR) 505.00p -1.75%Genus (GNS) 1,223.00p -1.53%Dunelm Group (DNLM) 502.00p -0.89%Unite Group (UTG) 184.10p -0.86%Cable & Wireless Worldwide (CW.) 26.10p -0.72%Domino Printing Sciences (DNO) 655.50p -0.68%William Hill (WMH) 234.30p -0.59%
More News
19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

Read more
18 Dec 2023 10:51

Business travel emissions drop as many firms fly less -survey

LONDON, Dec 18 (Reuters) - Almost half of 217 global firms cut their business travel carbon emissions by at least 50% between 2019 and 2022, analysis published on Monday found, as corporate air travel returned at a much slower pace since the pandemic than leisure flights.

Read more
17 Dec 2023 23:01

Business travel emissions drop as many firms fly less -survey

LONDON, Dec 18 (Reuters) - Almost half of 217 global firms cut their business travel carbon emissions by at least 50% between 2019 and 2022, analysis published on Monday found, as corporate air travel returned at a much slower pace since the pandemic than leisure flights.

Read more
14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

Read more
12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

Read more
12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

Read more
8 Dec 2023 09:39

LONDON BROKER RATINGS: Goldman likes Sainsbury's; RBC cuts Imperial

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

Read more
7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

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

Read more
4 Dec 2023 13:42

Barclay family repays debt to Lloyds amid potential sale of Telegraph

(Alliance News) - The Barclay family has repaid the nearly GBP1.2 billion that it owed to Lloyds Banking Group PLC, opening up its chance to transfer control of the Telegraph newspaper to an Abu Dhabi-backed fund.

Read more
30 Nov 2023 09:57

Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

Read more
30 Nov 2023 09:18

Lloyds, Halifax and Bank of Scotland to shut another 45 branches

(Alliance News) - Lloyds Banking Group PLC is shutting another 45 branches across its network and the Halifax and Bank of Scotland brands amid the ongoing shift away from high street banking.

Read more
28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

Read more
28 Nov 2023 09:27

LONDON BROKER RATINGS: Goldman starts M&G at 'buy'; Citi hikes B&M

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
28 Nov 2023 08:53

LONDON MARKET OPEN: Stocks slide in Europe; Rolls-Royce outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, amid a lack of strong positive catalysts to provide momentum.

Read more
28 Nov 2023 07:42

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

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.