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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: 54.60
Bid: 54.58
Ask: 54.60
Change: 0.06 (0.11%)
Spread: 0.02 (0.037%)
Open: 54.76
High: 54.80
Low: 54.46
Prev. Close: 54.54
LLOY Live PriceLast checked at -

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Sector movers: HSBC drags banks lower after H1 disappointment

Mon, 05th Aug 2013 15:09

Heavy falls by HSBC, the largest listed company by market capitalisation in London, ensured that the banking sector was the worst performer on Monday, despite some impressive gains from smaller peer Lloyds.HSBC, which has a market cap of around £135bn by today's prices, disappointed analysts this morning with its second-quarter figures after reporting a worse-than-expected 10% rise in profits. The stock was down 4.57% at 720.21p in afternoon trade.Half-year pre-tax profit came in at $14.1bn, short of the $14.6bn expected by the average of 14 analysts polled by the company. Europe's biggest bank also posted revenue of $34.4bn, down 7.0% from the prior year, reflecting subdued economic growth in western countries and a slowdown in China.Sector peer RBS followed suit (down 1.46% at 317.8p) as investors were still reacting to Friday's disappointing results. A downgrade by Societe Generale from 'hold' to 'sell' was also weighing on the share price today. "RBS has a difficult job ahead to move Core sustainably back to double-digit returns on tangible equity (RoTE)," Societe said."UK retail's 25% returns could move higher still, but it represents only a tenth of Core's capital. Markets (6.0% RoTE, 25% of Core capital) should show upside as the restructuring takes hold, but this is unlikely to bear fruit imminently."Barclays and Standard Chartered were also in in the red today.Lloyds was bucking the trend (up 2.85% at 75.83p), extending gains after impressing markets with its first-half results last week. Today's performance have been sparked by comments from frontman António Horta-Osório who said that the bank would start paying out up to 70% of earnings in dividends within three years - Lloyds has not paid a dividend since the government bailout in 2008.Top performing sectors so far todayIndustrial Metals & Mining 1,251.71 +2.15%Household Goods & Home Construction 10,816.30 +0.82%Beverages 15,255.00 +0.66%Financial Services 7,238.30 +0.38%Software & Computer Services 1,156.84 +0.36%Bottom performing sectors so far todayBanks 5,020.78 -3.16%Health Care Equipment & Services 4,422.84 -1.14%Pharmaceuticals & Biotechnology 11,489.87 -1.02%Mobile Telecommunications 4,608.09 -1.01%Food & Drug Retailers 4,680.96 -0.80%BC
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26 Jun 2023 16:28

UK finance minister Hunt says banks are slow to pass on rate hikes to savers

LONDON, June 26 (Reuters) - Britain's finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved.

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26 Jun 2023 11:57

LONDON MARKET MIDDAY: Risk-off amid higher rates, Russia instability

Alliance News) - Stock prices in London were lower at midday on Monday, as an aborted uprising in Russia over the weekend and hawkish moves from central banks over the past two weeks caused investors to tread carefully.

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26 Jun 2023 10:10

JPMorgan downgrades Lloyds to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

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26 Jun 2023 08:55

LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

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

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26 Jun 2023 07:56

LONDON BRIEFING: Stocks firm; Aston Martin signs Lucid, Mercedes deals

(Alliance News) - Stocks in London were set to start the new week marginally lower, with financial markets unfazed by a failed revolt by a mercenary army in Russia over the weekend.

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26 Jun 2023 07:40

Broker tips: Lloyds, Cranswick, On The Beach

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

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23 Jun 2023 15:50

UK banks agree limited mortgage relief measures for stressed borrowers

LONDON, June 23 (Reuters) - British banks agreed on Friday to give homeowners who miss mortgage payments a year of grace before foreclosing and to protect credit scores of borrowers who change loan terms, as the government sought to ease the strain of rising interest rates.

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23 Jun 2023 14:15

UK Chancellor Hunt agrees measures with banks to cool mortgage crisis

(Alliance News) - UK Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates, but has resisted offering government support.

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23 Jun 2023 13:12

UK's Hunt: Agreed measures with banks to ease mortgage payments strain

LONDON, June 23 (Reuters) - British finance minister Jeremy Hunt said he had agreed new measures with bank lenders on Friday to help ease the pressure on mortgage holders of raising interest rates.

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23 Jun 2023 12:09

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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