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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: 54.80
Bid: 54.70
Ask: 54.74
Change: -0.98 (-1.76%)
Spread: 0.04 (0.073%)
Open: 55.22
High: 55.22
Low: 54.22
Prev. Close: 55.78
LLOY Live PriceLast checked at -

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London open: Stocks rise on stimulus hopes

Thu, 07th Jun 2012 08:35

- Eyes on Spanish auction- Central bank stimulus speculation boosts stocks- MPC to reveal rate decision at noonUK stocks headed higher on Thursday morning ahead of a crucial bond auction in Spain later on today; meanwhile speculation of central bank stimulus at home and abroad lifted sentiment early on.Investors will be keeping a close eye on a crucial bond auction in Madrid as Spain attempts to sell up between €1bn and €2bn of two-, four- and 10-year bonds. US stocks surged last night following the release of the Federal Reserve's Beige Book which painted a more upbeat picture of the world's largest economy. However, Janet Yellen, the vice-chair of the Fed, said that if the recovery fails to be satisfactory, "I am convinced that scope remains for the Federal Open Market Committee to provide further policy accommodation."The European Central Bank (ECB) yesterday left its key interest rate unchanged at 1%, saying that it will extend its liquidity loans for banks for the rest of the year. In the subsequent press conference, ECB President Mario Draghi said: "We monitor all developments closely and we stand ready to act".Meanwhile, eyes will be on the Bank of England (BoE) with the Monetary Policy Committee (MPC) expected to make its interest rate decision at midday. While there are some that are calling for a rate cut, most are expecting the status quo to be maintained. However, following an increase to the asset purchase programme last month and some gloomy economic data since then, many economists - such as those at Deutsche Bank and Citigroup - expect another £50bn in quantitative easing to be announced.FTSE 100: Johnson Matthey leads the risePlatinum refiner Johnson Matthey jumped after hailing another year of strong growth as it delivered numbers ahead of market expectations and a special divi worth a quid a share. Revenue in the year to March 31st rose 20% to £12,023m from £9,985m the year before, comfortably ahead of market expectations of £11,213m.Banks were also providing a lift early on, with Royal Bank of Scotland, Lloyds and Barclays making decent gains. Luxury brand Burberry was also a high riser after Credit Suisse upgraded the stock to outperform.Tullow Oil edged higher after its Paon-1X exploration well offshore Côte d'Ivoire found good quality light oil in a Turonian fan system.Telecoms giant Vodafone fell slightly after announcing an agreement with Telefonica to create one national grid in the UK by pooling together parts of their network infrastructure.FTSE 250: Betfair on the upOnline betting exchange Betfair rose after confirming it has received an online gaming licence from the Spanish government. The move had been anticipated since the end of May but the decision sees the final stage of a process begun in the Spring of last year, when Spain's new gambling legislation was first introduced. Sector peers bwin.party and Ladbrokes, who announced they had won licences on June 1st, rose in sympathy.Gold miner African Barrick Gold (ABG) retreated after yesterday's near-15% jump. Its parent company Barrick Gold announced on Wednesday afternoon that President and CEO Aaron Regent has been replaced with the group citing disappointment over its recent share price performance. Regent has now left ABG as Chairman.FTSE 100 - RisersJohnson Matthey (JMAT) 2,269.00p +3.28%Burberry Group (BRBY) 1,358.00p +2.57%Royal Bank of Scotland Group (RBS) 218.50p +2.49%ITV (ITV) 73.50p +2.23%InterContinental Hotels Group (IHG) 1,496.00p +1.77%Tullow Oil (TLW) 1,463.00p +1.74%Marks & Spencer Group (MKS) 336.40p +1.66%Lloyds Banking Group (LLOY) 27.48p +1.61%Barclays (BARC) 190.60p +1.49%GKN (GKN) 180.30p +1.41%FTSE 100 - FallersWeir Group (WEIR) 1,452.00p -2.22%Fresnillo (FRES) 1,446.00p -1.77%Evraz (EVR) 282.40p -1.67%Randgold Resources Ltd. (RRS) 5,880.00p -1.67%United Utilities Group (UU.) 670.00p -1.18%ICAP (IAP) 337.30p -1.06%Rolls-Royce Holdings (RR.) 800.50p -0.93%Man Group (EMG) 80.20p -0.80%WPP (WPP) 755.00p -0.66%Antofagasta (ANTO) 1,046.00p -0.66%FTSE 250 - RisersBarratt Developments (BDEV) 125.30p +3.90%Rank Group (RNK) 121.90p +3.31%Exillon Energy (EXI) 99.50p +2.95%Imagination Technologies Group (IMG) 489.50p +2.77%Persimmon (PSN) 567.50p +2.62%BH Global Ltd. USD Shares (BHGU) 11.59 +2.48%Bumi (BUMI) 327.50p +2.34%Taylor Wimpey (TW.) 44.58p +2.22%Home Retail Group (HOME) 73.00p +2.10%Grainger (GRI) 86.65p +1.94%FTSE 250 - FallersCranswick (CWK) 802.00p -4.58%Afren (AFR) 111.90p -2.27%Telecom Plus (TEP) 760.00p -2.25%Perform Group (PER) 355.00p -1.93%EnQuest (ENQ) 118.80p -1.90%Devro (DVO) 310.30p -1.77%African Barrick Gold (ABG) 393.20p -1.75%PayPoint (PAY) 688.00p -1.43%Perpetual Income & Growth Inv Trust (PLI) 250.80p -1.42%Barr (A.G.) (BAG) 350.00p -1.41%BC
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26 Jul 2023 13:53

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26 Jul 2023 12:21

Shares fall as Fed rate rise looms

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26 Jul 2023 12:05

European banks flag bad loan risks as global economy falters

LONDON/MILAN/MADRID, July 26 (Reuters) - Europe's major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad loans as the global economy struggles with slow growth and high inflation.

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26 Jul 2023 10:04

TOP NEWS: Lloyds raises guidance following "robust" half year earnings

(Alliance News) - Lloyds Banking Group PLC said it was "well positioned to deliver" on its ambitions and raised its full-year guidance off the back of higher income and profit in the last six months.

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26 Jul 2023 09:25

NatWest's Alison Rose, trail-blazing finance boss, bows out after Farage breach

LONDON, July 26 (Reuters) - NatWest's departing CEO Alison Rose until recently told colleagues she had weathered more than her fair share of crises, steering the state-backed lender through the COVID-19 pandemic and market fallout from war in Europe and chaos in Westminster. But ultimately it was committing the cardinal sin of breaching the confidence of a client, former Brexit Party leader Nigel Farage, that cost her her job.

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26 Jul 2023 07:52

LONDON BRIEFING: Lloyds raises guidance; Rio Tinto profit down

(Alliance News) - Stocks in London are called to open lower on Wednesday, following a slew of earnings from UK companies, as well as an interest rate decision from the US Federal Reserve.

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26 Jul 2023 07:03

Lloyds Bank interim profits surge 23%

(Sharecast News) - Lloyds Bank on Wednesday reported another surge in earnings, although slightly below expectations, and set aside more cash for bad loans amid pressure to provide hard pressed savers better returns.

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25 Jul 2023 12:26

Wednesday preview: Federal Reserve, Lloyds in the spotlight

(Sharecast News) - All eyes on Wednesday would be on the U.S. Federal Reserve and whether or not it signaled that interest rates hikes would stop after this policy meeting.

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25 Jul 2023 09:21

Mitie boosts revenue in "traditionally" lower first quarter

(Alliance News) - Mitie Group PLC on Tuesday reported robust revenue growth in its first quarter with GBP1.1 billion in new or extended contracts, providing optimism for the year ahead.

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24 Jul 2023 13:02

UK government to haul in banks over account closures

LONDON, July 24 (Reuters) - Britain's finance ministry will request a meeting with major lenders to discuss concerns that banks have closed some customer accounts over their political views, after a public spat between former Brexit party leader Nigel Farage and NatWest.

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24 Jul 2023 11:23

IN BRIEF: H&T increases bank facility with Lloyds to GBP50 million

H&T Group PLC - Surrey-based pawnbroker and retailer of new and pre-owned jewellery and watches - Notes increase in the financing facilities provided by its "longstanding" lender Lloyds Banking Group PLC. Expands total facility to GBP50 million from GBP35 million previously. This includes a GBP45 million revolving credit facility that expires in December 2025 and has the option to extend for up to two more years. It also has a GBP5 million overdraft facility that renews annually. The interest rate on the RCF is increased to 2.4 to 3.3 percentage points above the sterling overnight interbank average rate from 1.7 points. The overdraft keeps the existing terms of 1.7 points above the Bank of England base rate. There is no change to existing banking covenants.

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24 Jul 2023 06:53

UK city minister to warn banks over "de-banking" customers

(Alliance News) - City minister Andrew Griffith has summoned bank chiefs for a meeting to discuss how customers can be protected from "being de-banked" after Coutts cut ties with Nigel Farage.

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19 Jul 2023 15:52

Britain's banks slow in passing higher rates to savers -watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

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19 Jul 2023 15:17

Britain's banks too slow in passing higher interest rates to savers, says watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

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