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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: 55.02
Bid: 54.92
Ask: 54.94
Change: 0.48 (0.88%)
Spread: 0.02 (0.036%)
Open: 55.06
High: 55.12
Low: 54.42
Prev. Close: 54.54
LLOY Live PriceLast checked at -

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Sector movers: Barclays and StanChart give banks a boost

Thu, 08th May 2014 15:36

Well-received first-quarter updates from the likes of Barclays and Standard Chartered gave UK banking stocks a boost on Thursday.Barclays led London's blue chips higher in afternoon trade, up 8.6%, after it pleased the City with plans to slash 14,000 jobs in 2014 across the group as it aimed to become a "leaner, stronger" bank. In what it described as a "bold simplification" of the group, Barclays said it planned to cut 7,000 jobs from its Investment Bank by 2016, as it lowered its cost guidance for next year.The group also said it would create 'Barclays Non-Core', which consists of $115bn of risk-weighted assets that will be exited or run down over time."Barclays is already a low-risk, profitable bank, but today's 'reset' is about rightsizing the bank to reflect a smaller addressable IB revenue pool and to deliver improved/sustainable returns," said Analyst Ian Gordon from Investec.Meanwhile, StanChart was up 2% despite a decline in profits that was below some analysts' expectations, as investors seemed cheered by the emerging market-focused bank's first-quarter update. On a constant currency basis, operating profits declined by a "mid single-digit percentage" and the outlook was for difficult conditions to persist. While earnings performance in the short term is still likely to be mixed, broker Killik stated the emerging market bank looked "close to resuming its growth potential". Sector peers Lloyds and RBS were also trading higher today.However, HSBC fell after UBS lowered its target price for the stock from 665p to 630p and kept a 'neutral' rating following the bank's first-quarter results yesterday, saying that it is still waiting on revenue momentum to resume.Top performing sectors so far todayForestry & Paper 10,943.70 +2.42%Food & Drug Retailers 3,799.68 +2.26%Fixed Line Telecommunications 4,454.90 +2.23%Technology Hardware & Equipment 1,071.51 +2.14%Banks 4,495.55 +1.33%Bottom performing sectors so far todaySoftware & Computer Services 1,158.56 -3.30%Oil Equipment, Services & Distribution 25,010.35 -1.24%Electricity 9,795.95 -0.89%Gas, Water & Multiutilities 5,901.72 -0.59%Mobile Telecommunications 5,079.03 -0.17%BC
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12 Jul 2023 11:04

Bank of England stress test finds top 8 UK banks have enough capital

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12 Jul 2023 08:45

LONDON MARKET OPEN: FTSE 100 higher as UK banks pass BoE stress tests

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TOP NEWS: Major UK banks "resilient" in BofE's annual stress test

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UK bank shares rise after BoE stress test

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12 Jul 2023 07:21

UK bank pass annual stress tests, says BoE

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12 Jul 2023 07:15

Stress test shows top 8 UK banks have enough capital, says Bank of England

LONDON, July 12 (Reuters) - The Bank of England said on Wednesday its annual stress test of eight major lenders showed that each could cope with rising interest rates in a stressed environment, and none would need to submit a revised capital plan.

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7 Jul 2023 11:13

British lender OSB shares slide on mortgage hit warning

LONDON, July 7 (Reuters) - British financial services group OSB's shares fell by more than 20% on Friday after it said it would take a net income hit of up to 180 million pounds ($229 million) as mortgage customers switched from higher rate products.

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6 Jul 2023 19:14

Banks recognise savers need help accessing best rates - UK regulator

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6 Jul 2023 18:45

UK banks must accelerate rate rises for savers, says watchdog

LONDON, July 6 (Reuters) - British regulator the Financial Conduct Authority (FCA) said on Thursday that banks need to accelerate rate rises for savers, but said it was not up to the watchdog to dictate pricing.

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Banks must provide value to savers, says UK watchdog

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LONDON BRIEFING: FTSE 100 to fall as more US rate hikes expected

(Alliance News) - Stocks are called lower in London on Thursday, after hawkish minutes from the US Federal Reserve once again gave rise to interest rate fears.

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6 Jul 2023 06:19

UK FCA to discuss savings rates concerns with bank chiefs

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LONDON BRIEFING: Sainsbury's sales up; Eurowag buys more of JITpay

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