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Share Price Information for Lloyds (LLOY)

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Share Price: 55.64
Bid: 55.60
Ask: 55.62
Change: 0.90 (1.64%)
Spread: 0.02 (0.036%)
Open: 54.66
High: 55.74
Low: 54.50
Prev. Close: 54.74
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Sector movers: Aberdeen boosts financials, Petrofac dampens oil services

Mon, 18th Nov 2013 15:02

Aberdeen Asset Management was a high riser in London on Monday, providing a lift to the financial sectors as investors celebrated the company's annual results and acquisition of Scottish Widows Investment Partnership (SWIP).The fund management group said that it would buy SWIP from Lloyds for £550m and form a long-term strategic partnership with the bank for the distribution of funds across its Wealth, Insurance, Commercial Banking and Retail businesses.The consideration will be satisfied by the issue of 131.8m new Aberdeen shares to Lloyds, equivalent to a 9.9% stake.Aberdeen said that the acquisition adds "breadth and depth" to its existing product offering and "enhances its position as a leading independent global asset manager".The company also reported annual pre-tax profit jumped 39% on net revenue up 24%, as it raised its full-year dividend by 39% to 16p per share.Michael Hewson, Chief Market Analyst at CMC Markets, said that Aberdeen gave financials a boost this afternoon with banking stocks in particular "enjoy[ing] some of their best gains in days, rebounding after three successive weeks of losses with the best performers being Standard Chartered and RBS".HSBC, Lloyds and Barclays were also putting in decent gains today.Heading the other way was the oil services sector which dropped sharply after heavyweight constituent Petrofac gave a cautious outlook for the next two years.Petrofac's share price was down 16.6% before the close of trade at 1,200p after the company predicted "flat to modest growth" in net income next year. The company, which designs, builds and operates oil and gas infrastructure, said the guidance reflects the rephasing of both the Upper Zakum project in Abu Dhabi and the second stage of the Berentai project in Malaysia.Meanwhile, it also said that targets for 2015 were dependent on the timing of certain contracts during 2014.Others in the sector including John Wood Group, Lamprell and Hunting were also trading in the red.Top performing sectors so far todayFinancial Services 7,446.89 +1.58%Technology Hardware & Equipment 1,120.76 +1.39%Personal Goods 24,037.86 +1.20%Banks 4,907.94 +1.16%Automobiles & Parts 8,692.93 +1.11%Bottom performing sectors so far todayOil Equipment, Services & Distribution 23,256.74 -5.74%Software & Computer Services 1,107.76 -1.26%Construction & Materials 4,305.35 -0.85%Electricity 9,016.74 -0.42%Real Estate Investment Trusts 2,533.28 -0.40%BC
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LONDON MARKET MIDDAY: Housebuilders bear brunt of rate hike worries

(Alliance News) - Stock prices in London were lower heading into Friday afternoon, as a poor week for equities continued, with investors fretting over the prospect of central banks keeping interest rates higher for longer.

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22 Jun 2023 07:00

UK banks to ramp up data sharing in dirty money crackdown

Lloyds, NatWest among major banks involved in trials -sources

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21 Jun 2023 17:18

London stocks fall after inflation data shock, homebuilders slump

UK's stubborn inflation fails to fall in May

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21 Jun 2023 11:57

UK's Hunt says banks must honour commitments on mortgage help

LONDON, June 21 (Reuters) - British finance minister Jeremy Hunt said on Wednesday that mortgage lenders had to live up to their commitments to help borrowers struggling with higher interest rates.

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20 Jun 2023 12:28

UK's Hunt to meet lenders to discuss mortgage forbearance

LONDON, June 20 (Reuters) - British finance minister Jeremy Hunt on Tuesday said he would meet major lenders later this week to ask them to show forbearance towards households who struggle to pay rising mortgage bills.

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9 Jun 2023 14:02

Broker tips: Hammerson, Lloyds, British Land, Landsec

(Sharecast News) - Barclays upgraded Hammerson on Friday to 'overweight' from 'underweight' and lifted the price target to 30p from 25p.

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9 Jun 2023 09:45

Citi removes Lloyds from 'EMEA Focus List', keeps at 'buy'

(Sharecast News) - Citi removed Lloyds Banking Group from its 'EMEA Focus List' on Friday as it pointed to headwinds in the second quarter.

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9 Jun 2023 09:38

LONDON BROKER RATINGS: Stifel thinks B&M shares offer value

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

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8 Jun 2023 14:56

Broker tips; NatWest, Lloyds, Rio Tinto

(Sharecast News) - JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, it said in a note published on Thursday on UK banks.

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8 Jun 2023 13:09

JP Morgan backs NatWest over Lloyds

(Sharecast News) - JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, in a note published on Thursday on UK banks.

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8 Jun 2023 09:16

LONDON BROKER RATINGS: Citi likes Rio Tinto; JPMorgan raises Clarkson

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

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8 Jun 2023 07:53

LONDON BRIEFING: Wizz Air expects return to profit in financial 2024

(Alliance News) - Stocks in London were set to open flat on Thursday, with market sentiment cautious amid fears that interest rates have further to rise across the globe.

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7 Jun 2023 10:41

UPDATE: Telegraph owners deny business poised for administration

(Alliance News) - The billionaire owners of the Telegraph newspapers have denied the business is on the brink of being put into administration amid reports that talks with lenders over long-standing debts have broken down.

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7 Jun 2023 07:52

LONDON BRIEFING: UK house prices fall; Diageo CEO Ivan Menezes dies

(Alliance News) - Stocks in London are called to open flat on Wednesday, as Chinese trade data raised concerns about a global economic slowdown.

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7 Jun 2023 06:10

PRESS: Lloyds to launch GBP600 million Telegraph auction - Sky News

(Alliance News) - Lloyds Banking Group PLC will hire bankers within days to launch a GBP600 million auction of the Telegraph newspapers and The Spectator magazine, according to a report by Sky News late Tuesday.

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