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Share Price: 54.18
Bid: 53.00
Ask: 54.74
Change: 0.00 (0.00%)
Spread: 1.74 (3.283%)
Open: 0.00
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Low: 0.00
Prev. Close: 54.18
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Monday newspaper round-up: Glencore, ENRC, Lloyds...

Mon, 22nd Apr 2013 06:44

Glencore has made millions of pounds by selling goods to Iran, including to a group that indirectly supplies the country's nuclear programme, reports The Guardian. However, the commodities trader has said that it ceased transactions prior to EU sanctions being put in place.The Financial Times says that three more senior executives at mining group ENRC have resigned and a fourth has taken a leave of absence. The paper says: "ENRC has been the subject of long-running corporate governance concerns, contributing to questions over the suitability of some natural resources groups based in developing economies to qualify for UK listings."The Telegraph says that UK banking giant Lloyds has offloaded its 25.3% stake in the Marussia Formula One team after the venture made a £46.3m loss and failed to perform on the track.Poor management and slow decision-making are to blame for London black cab-manufacturer Manganese Bronze going into administration last year, according to the head of Geely, the Chinese automaker that rescued the firm, The Times writes. He said that the £100m turnaround will mean that London taxis will run on electricity by the end of the decade.In the first three months of the year, dividends paid by UK companies dropped by a quarter, according to The Telegraph, though this was mainly due to the higher amount of special dividends paid in the same period last year."George Osborne faces a potential double whammy of dire news this week that would further ratchet up the pressure on the Chancellor to change his economic course," says The Independent. The paper writes that the gross domestic product (GDP) figures released this week may show that the UK slipped into a triple-dip recession in the first quarter, while public borrowing figures could reveal a rising deficit.The Scotsman reports that 11 flights to and from Scotland were cancelled today as staff at German airline Deutsche Lufthansa staged a one-day strike following the company's rejection for wage increases over the next year as well as job guarantees.A change in government statistics will boost US GDP by 3.0% in July as data begins to account for 21st century components like film royalties and spending on research and development, reports Financial Times.
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3 May 2023 07:52

LONDON BRIEFING: Lloyds profit jumps 46%; Flutter revenue up 54%

(Alliance News) - Stocks in London were called to open on Wednesday higher ahead of the US interest rate decision announcement, amid mostly positive updates from London's large-cap companies.

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3 May 2023 07:03

Lloyds Q1 46% profit jump beats expectations

(Sharecast News) - Lloyds Bank became the latest UK lender to beat quarterly profits forecasts as earnings surged on the back of higher interest rates, although deposits fell sharply.

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2 May 2023 13:35

Wednesday preview: US Fed decision, Lloyds in focus

(Sharecast News) - All eyes on Thursday would be on the US central bank as it announced its latest policy decision.

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28 Apr 2023 21:08

TRADING UPDATES: Wells Fargo joins LendInvest GBP200 million financing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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28 Apr 2023 18:00

Britain's Lloyds to repay AT1 debt as market recovers from Credit Suisse shock

LONDON, April 28 (Reuters) - Lloyds, Britain's biggest domestic bank, said on Friday it will repay an 'Additional Tier 1' (AT1) bond in June, the latest sign of a market recovery after a Swiss decision to write down such debt as part of the rescue takeover of Credit Suisse.

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28 Apr 2023 16:14

Lloyds to repay shock-absorbing AT1 bond in June

LONDON, April 28 (Reuters) - Britain's biggest domestic bank Lloyds said on Friday it will repay a shock-absorbing 'Additional Tier 1' (AT1) perpetual bond at its first opportunity on June 27.

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26 Apr 2023 14:49

Global finance 'giant' Win Bischoff lauded by industry as dies aged 81

LONDON, April 26 (Reuters) - Win Bischoff, who was among the most influential and celebrated financiers of his generation, has died at the age of 81, prompting tributes from the industry he helped shape.

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26 Apr 2023 12:36

STOXX earnings estimates fall again

STOXX 600 down 0.7%

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26 Apr 2023 11:16

Eurozone stocks: positives vs negatives

STOXX 600 down 0.7%

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26 Apr 2023 10:55

Veteran banker Win Bischoff dies at 81 - Sky News

LONDON, April 26 (Reuters) - Win Bischoff, one of the world's most influential and celebrated financiers, has died at the age of 81, Sky News reported on Wednesday.

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26 Apr 2023 09:27

Lloyd's expects insurer settlements on planes stuck in Russia -Irish Independent

DUBLIN, April 26 (Reuters) - Lloyd's of London expects insurers will eventually reach a settlement with aircraft lessors over claims made over the loss of hundreds of aircraft stuck in Russia, the commercial insurance market's chairman was quoted as saying on Wednesday.

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26 Apr 2023 07:16

Wowed by tech, worried by banks

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

WOWED BY TECH, WORRIED BY BANKS (0615 GMT)

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25 Apr 2023 17:40

Spanish stocks clock worst day in a month as Santander leads bank slide

Spain's IBEX leads falls among European peers

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21 Apr 2023 20:59

UPDATE: UK's CBI suspends policy and membership activities amid exodus

(Alliance News) - The Confederation of British Industry has said it will "suspend all policy and membership activity" until it can hold a meeting of its membership in June after dozens of its biggest supporters withdrew from the organisation.

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21 Apr 2023 17:43

CBI future in doubt as firms pull membership after second allegation

(Alliance News) - Some of the biggest companies in the UK have quit the Confederation of British Industry following a second rape allegation from a woman working for the business group.

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