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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price: 59.48
Bid: 59.50
Ask: 59.54
Change: -0.26 (-0.44%)
Spread: 0.04 (0.07%)
Open: 60.06
High: 60.66
Low: 59.30
Yest. Close: 59.74
LLOY Live PriceLast checked at -

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UPDATE 3-European shares soar on rising hopes of Brexit, trade deal

Fri, 11th Oct 2019 09:26

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)

* UK, Ireland PMs say can see path to a Brexit deal

* Dublin's ISEQ up 3.7%, FTSE mid-cap jumps 4.2%

* Germany's SAP up 10% after strong Q3, CEO exit

* Hugo Boss hits lowest in a nearly a decade

* Second day of U.S.-China trade talks conclude
(Adds fresh comment, updates to close)

By Susan Mathew

Oct 11 (Reuters) - European shares were on a tear on Friday
as a surprise breakthrough in Brexit negotiations drove
UK-focused London-listed companies and the Irish index about 4%
higher, while German shares logged their best day in nine
months.

London-listed companies with exposure to the domestic
economy swung to a premium over the exporter-heavy blue-chip
index for the first time since May, in a reversal of
fortune for the much-shunned market.

The mid-cap index posted its best day since May
2010, while the Irish bourse, seen as a barometer for
Brexit sentiment, had its best session since June 2016.

JP Morgan's UK domestic plays index, which was created in
2017 and tracks about 30 UK stocks that make all or most of
their revenue at home, ended 7.7% higher, its best
performance on record.

"Markets are increasingly narrowly driven, this means that
every piece of good news is going to propel markets strongly
higher," said Marija Veitmane, senior strategist at State Street
Global Markets.

"However, we are yet to see concrete details on the deal. We
expect markets to sell off sharply should those hopes be
disappointed."

UK Prime Minister Boris Johnson and his Irish counterpart
unexpectedly said overnight that they had found a pathway to a
possible deal over Britain's departure from the European Union
after three years of crippling uncertainty.

But any deal would need approval from the British
parliament, which Johnson suspended unlawfully last month and in
which he has no majority.

Britain and the EU agreed to hold intense talks over the
next few days in a bid to secure a deal, but arrangements around
British-Irish border controls remain at issue, the EU said.

The pan-European STOXX 600 index rose 2.3% with
most major European indices gaining more than 1.5%. The German
index, packed with automakers exposed to UK demand,
jumped 2.9%.

SAP, Europe's most valuable tech company, also
contributed to gains in Frankfurt, rising 10% for its best day
since April after releasing strong third-quarter results and
saying its long-term CEO had stepped down.

Rising hopes of top-level trade talks between the United
States and China yielding a partial trade deal and a delay in
planned U.S. tariff increases also brightened sentiment.

U.S. Treasury Secretary Steven Mnuchin, Chinese Vice Premier
Liu He and other senior officials concluded discussions on
Friday.

The banking index, led broad-based gains, up 5% for
its best day since April 2016 and with British lenders CYBG
, Lloyds and Royal Bank of Scotland
among the top gainers.

Publicis tumbled 14.5% to a seven-year low after
the ad firm lowered its full-year sales target for the second
time in 2019. Its London rival WPP lost 3.4%.

Fashion house Hugo Boss sank 13.5% to its lowest
in almost 9 years after the company cut its 2019 earnings
forecast and reported third quarter results below expectations.

The numbers came hard on the heels of a strong sales update
from Louis Vuitton owner LVMH on Thursday.

(Additional reporting by Thyagaraju Adinarayan in London;
Editing by Kirsten Donovan)

More News

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UPDATE 2-StanChart bows to investor ire by cutting pension of CEO Winters

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UK lawmakers want bank payments "speed bump" to stop scammers

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1 Nov 19 00:01

UPDATE 2-Trade fears, Shell earnings knock 1% off FTSE

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31 Oct 19 09:38

LLoyds Q3 profit hit by PPI claims

(Sharecast News) - Lloyds Banking Group reported a slump in third-quarter profits on Thursday as it took a £1.8bn hit from payment protection insurance claims.

31 Oct 19 07:51

UPDATE 1-Lloyds profits miss expectations after fresh $2.3 bln mis-selling hit

LONDON, Oct 31 (Reuters) - Britain's biggest mortgage lender Lloyds Banking Group posted weaker-than-expected third quarter pre-tax profits on Thursday, after making a further 1.8 billion pound ($2.33 billion) provision for mis-sold loan insuranc...

31 Oct 19 07:27

UPDATE 2-Lloyds profit slumps after PPI hit and bad loan surge

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31 Oct 19 07:27

Lloyds profits miss expectations after fresh $2.3 bln mis-selling hit

LONDON, Oct 31 (Reuters) - Britain's biggest mortgage lender Lloyds Banking Group posted weaker-than-expected third quarter pre-tax profits on Thursday, after making a further 1.8 billion pound ($2.33 billion) provision for mis-sold loan insuranc...

31 Oct 19 07:04

UK banks urge government to ease tax burden as Brexit beckons

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30 Oct 19 00:01

UK lawmakers call for action on banks, Big Tech to avoid IT failures

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28 Oct 19 00:01

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24 Oct 19 20:00

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