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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 52.18
Bid: 52.26
Ask: 52.30
Change: 0.00 (0.00%)
Spread: 0.04 (0.077%)
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Prev. Close: 52.18
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TSB shares surge on stock-market debut

Fri, 20th Jun 2014 12:13

TSB's shares raced ahead on their first day of conditional dealings on the London Stock Exchange on Friday, with parent group Lloyds hailing it an "important further step" to meeting its commitments of its bailout in 2009.The initial public offering (IPO) was priced at 260p a share, above the mid-point of the range of 220-290p set out by Lloyds earlier this month. The offer price valued Lloyds' high street banking arm at £1.3bn. Meanwhile, in response to "significant investor demand", Lloyds raised £455m by selling off 175m shares in the IPO, representing a 35% stake. It had originally intended to sell 125m shares, or 25%.The stock rose as high as 300p on its debut."TSB's reincarnation as a listed entity has gone well, and the strong debut combined with a decision by Lloyds to sell more shares than expected will give the IPO a fizz that so many recent ones have lacked," said David Madden, Market Analyst at IG."Perception is everything, so a good performance on day one puts the shares in a commanding position for future trading," he said.Lloyds said that around 30% of the offer has been allocated to retail investors, though they will have to wait until June 25th for unconditional dealings to take place - conditional dealing is only open to institutional investors.Lloyds' Chief Executive António Horta-Osório said that TSB is a "strong and effective" challenger bank to the main high street lenders, "further enhancing competition in the UK banking sector".Investor appetite for the IPO has increased since Bank of England Governor Mark Carney last week signalled that interest rates could rise sooner than expected. It is thought that TSB's £17.7bn mortgage portfolio will benefit from higher rates.Lloyds must get rid of its remaining shares in TSB by the end of 2015, according to the conditions of its bailout in 2009. It is subject to a 90-day lock-up agreement which starts at the time of the IPO.Analysts at ETX Capital said that Lloyds will benefit from offering more-than-expected shares to the market "as it will make it easier for Lloyds to achieve its obligation to sell off the whole of TSB by the end of next year".By Friday afternoon, TSB was trading 13.4% higher at 294.75p.BC
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3 Aug 2023 12:17

LONDON MARKET MIDDAY: Pound under pressure after BoE hike

(Alliance News) - European equities went into Thursday afternoon on the back foot, extending losses suffered on Wednesday following a US credit rating cut from Fitch, while the pound struggled to make headway after the Bank of England raised rates by 25 basis points, as expected.

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31 Jul 2023 21:47

IN BRIEF: Lloyds corporate affairs chief sells GBP150,350 shares

Lloyds Banking Group PLC - Edinburgh, Scotland-based bank - Chief Corporate Affairs Officer Andrew Walton sells 333,333 shares at 45.105 pence each on Thursday last week. Total aggregate value is GBP150,350.

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31 Jul 2023 11:00

Britain's banks told to justify low savings rates by end of August

LONDON, July 31 (Reuters) - Britain's banks and building societies have until the end of August to justify to regulators why some of their savings rates are low or face sanctions, the markets watchdog said on Monday, as Bank of England rates look set to rise to their highest since 2008.

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28 Jul 2023 14:03

UK's Telegraph and Spectator appoint Goldman Sachs to run sale

LONDON, July 28 (Reuters) - The boards of the Telegraph newspaper and The Spectator magazine, led by recently appointed chair Mike McTighe, have appointed investment bank Goldman Sachs and law firm Linklaters to advise on their sale, they said in a statement on Friday.

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27 Jul 2023 15:44

UK dividends calendar - next 7 days

Friday 28 July 
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abrdn Private Equity Opportunities Trust PLCdividend payment date
abrdn Smaller Companies Income Trust PLCdividend payment date
Barings Emerging EMEA Opportunities PLCdividend payment date
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Polar Capital Holdings PLCdividend payment date
Premier Foods PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
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Shires Income PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Vertu Motors PLCdividend payment date
Monday 31 July 
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27 Jul 2023 09:38

LONDON BROKER RATINGS: Shore Capital cuts AO World to 'sell'

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

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27 Jul 2023 06:00

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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26 Jul 2023 16:54

LONDON MARKET CLOSE: Europe falls amid pre-Fed decision caution

(Alliance News) - Blue-chip stock prices in Europe closed lower on Wednesday, as risk aversion set in ahead of a Federal Reserve interest rate decision later.

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26 Jul 2023 13:53

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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26 Jul 2023 12:21

Shares fall as Fed rate rise looms

Euro STOXX down 0.9%

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26 Jul 2023 12:05

European banks flag bad loan risks as global economy falters

LONDON/MILAN/MADRID, July 26 (Reuters) - Europe's major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad loans as the global economy struggles with slow growth and high inflation.

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26 Jul 2023 10:04

TOP NEWS: Lloyds raises guidance following "robust" half year earnings

(Alliance News) - Lloyds Banking Group PLC said it was "well positioned to deliver" on its ambitions and raised its full-year guidance off the back of higher income and profit in the last six months.

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26 Jul 2023 09:25

NatWest's Alison Rose, trail-blazing finance boss, bows out after Farage breach

LONDON, July 26 (Reuters) - NatWest's departing CEO Alison Rose until recently told colleagues she had weathered more than her fair share of crises, steering the state-backed lender through the COVID-19 pandemic and market fallout from war in Europe and chaos in Westminster. But ultimately it was committing the cardinal sin of breaching the confidence of a client, former Brexit Party leader Nigel Farage, that cost her her job.

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26 Jul 2023 07:52

LONDON BRIEFING: Lloyds raises guidance; Rio Tinto profit down

(Alliance News) - Stocks in London are called to open lower on Wednesday, following a slew of earnings from UK companies, as well as an interest rate decision from the US Federal Reserve.

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26 Jul 2023 07:03

Lloyds Bank interim profits surge 23%

(Sharecast News) - Lloyds Bank on Wednesday reported another surge in earnings, although slightly below expectations, and set aside more cash for bad loans amid pressure to provide hard pressed savers better returns.

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