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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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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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26 Oct 2023 11:44

Berenberg stays at 'hold' on Lloyds Banking

(Sharecast News) - Analysts at Berenberg reiterated their 'hold' rating and 58.0p target price on financial services giant Lloyds Banking Group on Thursday, stating it still sees better opportunities elsewhere.

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26 Oct 2023 09:24

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26 Oct 2023 07:51

LONDON BRIEFING: PizzaExpress owner makes play for Restaurant Group

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25 Oct 2023 17:07

LONDON MARKET CLOSE: FTSE 100 fights off early losses in mixed trading

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25 Oct 2023 15:11

London close: Stocks end choppy session mixed

(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors weighed a number of factors.

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25 Oct 2023 09:10

LONDON MARKET OPEN: Essentra falls as profit hit; banks edge lower

(Alliance News) - Stock prices in London opened lower on Wednesday, as investors digest the latest company earnings.

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25 Oct 2023 08:39

TOP NEWS: Lloyds Banking profit up and sticks with margin outlook

(Alliance News) - Lloyds Banking Group PLC on Wednesday maintained its annual net interest margin guidance and reported consensus-topping third-quarter profit, though top-line growth fell just shy of loftier expectations.

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25 Oct 2023 07:49

LONDON BRIEFING: Reckitt begins USD1 billion buyback; Lloyds profit up

(Alliance News) - Stocks in London are expected to tread water on Wednesday, despite a strong performance in the US and Asia.

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25 Oct 2023 07:01

Lloyds Bank Q3 profits surge despite lower lending

(Sharecast News) - Lloyds Bank reported a massive jump in third quarter profits as it continued to cash in on higher interest rates, despite a reduction in lending to customers amid tough macroeconomic conditions.

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24 Oct 2023 12:00

LONDON MARKET MIDDAY: Stocks in red amid cooling UK economy

(Alliance News) - Stock prices in London were lower at midday Tuesday, though European peers were in the green, with the banking sector weighing on the FTSE 100 after less-than-stellar results from Barclays.

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24 Oct 2023 09:22

LONDON MARKET OPEN: Banks weigh on FTSE 100 after Barclays disappoints

(Alliance News) - Stock prices in London opened lower on Tuesday, amid some disappointing UK company updates and the continuing uncertainty caused by the conflict in the Middle East

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23 Oct 2023 11:15

Barclay family looks to stall crucial court case - report

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18 Oct 2023 15:44

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Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
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Schroders PLCTrading Statement
St James's Place PLCTrading Statement
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South32 LtdTrading Statement
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Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
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Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
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11 Oct 2023 10:18

Mitie halfway through buyback, raises operating profit guidance

(Alliance News) - Mitie Group PLC on Wednesday said revenue increased by around 11% in its latest half year, and that it completed the first GBP25 million tranche of its GBP50 million share buyback.

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