Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 56.38
Bid: 54.20
Ask: 57.00
Change: 0.00 (0.00%)
Spread: 2.80 (5.166%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 56.38
LLOY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Gas and currency deals cap Chinese premier's first UK visit

Tue, 17th Jun 2014 20:02

* Trip is Li's first to UK since taking office

* UK's Cameron announces deals worth more than 14 bln pounds

* China keen to put rights row behind it

* Trade deals focus on energy, finance sectors (Adds details, comments from Li on currency deals)

By William James and Kylie MacLellan

LONDON, June 17 (Reuters) - Britain and China signed dealsworth more than 14 billion pounds ($23.5 billion) on Tuesdayduring a visit by Chinese Premier Li Keqiang, with energy andfinance dominating the trade agenda.

In a trip aimed at deepening commercial ties between theworld's second-largest economy and Europe's financial capitaland moving past a row over Tibet, Li met Queen Elizabeth andheld talks with Prime Minister David Cameron.

Cameron said the rise of China was "one of the definingevents of our century" and that Britain wanted to strengthenties on every level, from business to cultural understanding.

"Today we have signed deals worth more than 14 billionpounds, securing jobs and long-term economic growth for theBritish and Chinese people," Cameron told a news conference.

Li, on his first official trip to Britain since takingoffice, said the two countries had extensive shared interests.

"China is ready to work with the UK to foster a partnershipfor growth and inclusive development to ensure that thisrelationship will grow faster and in a healthier way," he said.

Oil major BP signed a 20-year deal worth around $20billion to supply China National Offshore Oil Corporation(CNOOC) with liquefied natural gas (LNG) cargoes, BP ChiefExecutive Bob Dudley said at a conference in Moscow.

"It is a fair price for them and a fair price for us. It isa good bridge between the UK and China in terms of trade,"Dudley said.

Shell also announced that it had signed anagreement with CNOOC strengthening its existing strategic ties.

OFFSHORE TRADING

The London Stock Exchange said it had signedagreements with two of China's biggest banks to develop offshoretrading in the Chinese currency, the yuan (RMB).

London, which dominates the $5-trillion-a-day global foreignexchange market, is seeking to fend off challenges to itsposition as the leading yuan centre in Europe.

Li hailed a deal to make China Construction Bank (CCB), the country's second-largest lender, the firstclearing service for offshore trading of the yuan in London.

"It will further consolidate and promote London's status asan international financial hub and will help the gradual internationalisation of the RMB to promote trade and investmentliberalisation and facilitation," Li said at a speech tobusiness delegates.

China views Britain, the world's sixth largest economy andhome to the only financial capital to rival New York, asEurope's most open place to do business.

With Chinese firms keen to invest in major nuclear andhigh-speed rail projects, the two governments also agreed aframework to collaborate more closely on nuclear supply chaindevelopment and signed a memorandum of understanding paving theway for more cooperation on railway design and construction.

The state-owned China Development Bank Corporation (CDB),which finances government-led infrastructure projects and islooking to expand its overseas investments, signed a deal tobuild closer ties with TheCityUK, which represents Britain'sfinancial industry.

Lloyds Banking Group also signed a memorandum ofunderstanding with CDB to help secure inward investment fromChina, with a focus on energy and infrastructure.

PAST DIFFERENCES

China, whose $9 trillion economy is over three times thesize of Britain's, wants to use the visit to move pastdifferences with London over Tibet.

Britain's relations with China took a nosedive in 2012 afterCameron met the Dalai Lama, the Tibetan spiritual leader whoBeijing says is a separatist. Ties have recovered somewhatsince, and Cameron visited China last year.

But tensions remain.

China has ruled Tibet since 1950, and Beijing warned Londonon the eve of Li's visit not to lecture it on the subject if itwanted good economic ties. British Deputy PrimeMinister Nick Clegg said on Monday that the people of China werepolitically shackled to a Communist one-party state.

Asked about Clegg's comments, Li said that China'sconstitution required human rights to be respected, and that thecountry was choosing its own path on the issue.

"There are diverse dimensions to the issue of human rights,and countries which are at different stages of development, andwith different historical and cultural backgrounds may see thisissue of human rights from different perspectives," he said.

During the trip, which finishes on Wednesday, investors willbe looking for any signals that Li, number two in the rulingCommunist party, may send about the future of Asia's largesteconomy in two speeches he is due to give before leaving. ($1 = 0.5956 British Pounds) (Writing by Guy Faulconbridge and Andrew Osborn; Additionalreporting by Ben Blanchard and Aizhu Chen in Beijing,; SaikatChatterjee in Hong Kong, Vladimir Soldatkin in Moscow,; OlegVukmanovic in Milan and Nina Chestney in London; Editing by MarkTrevelyan and Sonya Hepinstall)

More News
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.

Read more
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.

Read more
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.

Read more
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

Read more
23 Oct 2023 11:15

Barclay family looks to stall crucial court case - report

(Sharecast News) - The Barclay family is seeking to postpone a court case that would see insolvency proceedings get underway for one of their key holding companies, it was reported on Monday.

Read more
18 Oct 2023 15:44

UK earnings, trading statements calendar - next 7 days

Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
Wednesday 25 October 
Asos PLCFull Year Results
Bytes Technology Group PLCHalf Year Results
Critical Mineral Resources PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Ibstock PLCTrading Statement
Lloyds Banking Group PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
RWS Holdings PLCTrading Statement
ScS Group PLCFull Year Results
Virgin Wines UK PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
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.

Read more
10 Oct 2023 08:59

LONDON BROKER RATINGS: DZ Bank raises BAE Systems to 'buy' from 'hold'

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

Read more
6 Oct 2023 11:43

LONDON MARKET MIDDAY: Aviva takeover talk boosts FTSE 100

(Alliance News) - The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours.

Read more
5 Oct 2023 16:54

LONDON MARKET CLOSE: FTSE 100 rises but banks struggle on Metro woe

(Alliance News) - Stock prices in Europe ended mixed on Thursday, with the FTSE 100 outperforming despite some pressure on its banking shares, which suffered in a negative read-across amid worries for Metro Bank.

Read more
22 Sep 2023 09:33

LONDON BROKER RATINGS: BoA likes Dowlais; JPMorgan cuts Phoenix Group

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

Read more
5 Sep 2023 15:48

UK dividends calendar - next 7 days

Wednesday 6 September 
no events scheduled 
Thursday 7 September 
Admiral Group PLCex-dividend payment date
Alpha Financial Markets Consulting PLCex-dividend payment date
Anglo-Eastern Plantations PLCex-dividend payment date
Assura PLCex-dividend payment date
Athelney Trust PLCex-dividend payment date
Baltic Classifieds Group PLCex-dividend payment date
Blackrock World Mining Trust PLCex-dividend payment date
CLS Holdings PLCex-dividend payment date
CT UK Capital & Income Investment Trust PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Develop North PLCex-dividend payment date
DS Smith PLCex-dividend payment date
Empiric Student Property PLCex-dividend payment date
GlobalData PLCex-dividend payment date
Greggs PLCex-dividend payment date
Harbour Energy PLCex-dividend payment date
Pollen Street PLCex-dividend payment date
Prudential PLCex-dividend payment date
Relx PLCdividend payment date
RM Infrastructure Income PLCex-dividend payment date
Serco Group PLCex-dividend payment date
Severfield PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
XP Power Ltdex-dividend payment date
Zotefoams PLCex-dividend payment date
Friday 8 September 
abrdn New Dawn Investment Trust PLCdividend payment date
Avon Protection PLCdividend payment date
Berkeley Group Holdings PLCdividend payment date
Chemring Group PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
iomart Group PLCdividend payment date
Keller Group PLCdividend payment date
Lookers PLCdividend payment date
Moneysupermarket.com Group PLCdividend payment date
Nichols PLCdividend payment date
Tritax EuroBox PLCdividend payment date
Tyman PLCdividend payment date
Monday 11 September 
AstraZeneca PLCdividend payment date
Games Workshop Group PLCdividend payment date
Rentokil Initial PLCdividend payment date
Residential Secure Income PLCdividend payment date
ThomasLloyd Energy Impact Trust PLCdividend payment date
Tuesday 12 September 
Ashtead Group PLCdividend payment date
Foxtons Group PLCdividend payment date
Lindsell Train Investment Trust PLCdividend payment date
Lloyds Banking Group PLCdividend payment date
LMS Capital PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
1 Sep 2023 00:01

Some UK banks improving interest rates for savers, says watchdog

LONDON, Sept 1 (Reuters) - More savings accounts are offering higher interest rates as a more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain's Financial Conduct Authority (FCA) said on Friday.

Read more
18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

Read more
17 Aug 2023 22:30

Britain makes access to fee-free cash machine a legal right

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.