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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: 52.18
Bid: 52.26
Ask: 52.30
Change: 0.12 (0.23%)
Spread: 0.04 (0.077%)
Open: 52.38
High: 52.90
Low: 52.18
Prev. Close: 52.06
LLOY Live PriceLast checked at -

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Sector movers: RBS leads banks lower after BofA downgrade

Mon, 14th Oct 2013 16:00

UK-listed banks were out of favour on Monday as macro concerns weighed on investor appetite for risk; Royal Bank of Scotland was a heavy faller after being hit with a downgrade by Bank of America Merrill Lynch.The US broker lowered its rating for RBS from 'neutral' to 'underperform', cutting its price target from 345p to 325p, and also removed Lloyds (still a 'buy') from its 'Europe 1' list, saying: "A combination of share-price performance, margin dynamics and capital 'mist' push us to turn more cautious on the UK banks."BofA said that the "rejuvenation" of the UK housing market - whilst good for volumes - could put downwards pressure on banks' margins, which could peak in the first half of next year."Whilst a higher outlook for volume is encouraging, against a backdrop of flat to lower margin, the outlook is perhaps less positive than we might have hoped running into 2014."As for the capital 'mist', the broker said that there are risks that regulatory "goal posts" are at risk of moving again, sparking uncertainty about guidelines for capital ratios. "Combined with the new stress tests this may lead to dividend anxiety," it said.Lloyds was lower after frontman António Horta-Osório was quoted by the Financial Times as saying that the government's 'Help to Buy' scheme could risk creating a housing bubble if steps to build new housing are not taken.This comes as RBS reported that it had booked up 5,000 mortgage appointments with customers within just three hours of the scheme going live last week and received 10,000 calls in the first four working days.Barclays ('buy'), which is now BofA's top pick in the domestic banking sector, was also trading in the red this afternoon, along with HSBC and Standard Chartered.Top performing sectors so far todayChemicals 9,912.93 +2.54%Construction & Materials 4,265.85 +2.22%Fixed Line Telecommunications 4,047.89 +1.64%Health Care Equipment & Services 4,345.09 +1.29%Forestry & Paper 11,471.50 +1.24%Bottom performing sectors so far todayPersonal Goods 25,133.87 -1.00%Beverages 14,132.40 -0.99%Automobiles & Parts 8,388.98 -0.97%Banks 4,971.14 -0.42%Electricity 9,272.42 -0.37%BC
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(Alliance News) - Shares in Lloyds Banking Group PLC and Banco Santander SA fell on Monday, after a report that Iran used the two banks to covertly move money around the world as part of a sanctions-evasion scheme.

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29 Jan 2024 11:31

Lloyds to scrap mobile bank branches as moves towards online banking

(Alliance News) - Lloyds Banking Group PLC is shutting down its mobile banking service this year, after revealing plans to shed 1,600 jobs across its branch network as it moves ahead in the shift towards online banking.

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25 Jan 2024 14:41

Lloyds Banking Group to cut 1,600 jobs across branch network

(Sharecast News) - Lloyds Banking Group said on Thursday that it will cut around 1,600 jobs across branches as it continues to shift its focus to online banking.

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25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

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25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

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23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

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23 Jan 2024 09:21

LONDON BROKER RATINGS: HSBC cuts Compass; Berenberg lowers Victrex

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

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22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

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18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

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17 Jan 2024 12:00

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

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11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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