Sector movers: Lloyds leads banks higher
1st May 2012 16:00
Massive gains for Lloyds following the lender's first-quarter results meant that the banking sector was the best performing sector on Tuesday afternoon. Profits at Lloyds Banking Group were back in the black in the first three months of 2012, prompting a near-7% jump in the share price before the
Read moreFTSE 100 movers: Lloyds leaps after first-quarter results
1st May 2012 14:32
Lloyds was the best performer of the day after reporting that its pre-tax profits in the first quarter came in at 288m pounds compared to a massive loss of 3.47bn pounds in the first three months of last year. Nevertheless, Lloyds said it had seen an increase in the volume of complaints being receiv
Read moreBroker tips: Lloyds, Man Group, Imperial
1st May 2012 11:36
Investec has reiterated its buy recommendation and 40p target price for Lloyds Banking Group following the bank's well-received first-quarter results on Tuesday morning. "In the recent past, financial updates from Lloyds often sounded like a desperate plea for help - but no more," Investec said in
Read moreLondon midday: Lloyds makes gains as stocks shrug off PMI data
1st May 2012 11:35
- UK, China PMIs disappoint - Lloyds provides a lift, Man Group and BP drop after updates - European, Asian markets closed; US open With most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufactur
Read moreBroker snap: Investec says to buy Lloyds after first-quarter beat
1st May 2012 09:22
Investec has reiterated its buy recommendation and 40p target price for Lloyds Banking Group following the bank's well-received first-quarter results on Tuesday morning. "In the recent past, financial updates from Lloyds often sounded like a desperate plea for help - but no more," Investec said in
Read moreLondon open: UK stocks rise on quiet day for global markets
1st May 2012 08:28
- Several bourses closed for May Day - Chinese manufacturing PMI below expectations - Lloyds impresses, BP doesn't With most markets in Asia and Europe closed for May Day on Tuesday, London's FTSE 100 opened with moderate gains as some well-received results from Lloyds and Imperial Tobacco provided
Read moreTuesday broker round-up - UPDATE
1st May 2012 08:09
Aberdeen Asset Management: Citigroup ups target from 290p to 310p, buy rating kept; Barclays Capital raises target from 260p to 285p, equal weight retained; UBS lifts target from 310p to 340p, buy rating unchanged. Avocet Mining: Nomura reiterates buy recommendation and 310p target. Cape: Arden Pa
Read moreLondon pre-open: Chinese data figure knocks investor sentiment
1st May 2012 07:28
City sources predict the FTSE 100 will open down nine points from yesterday's close of 5,738 after Chinese manaufacturing data for April came in slightly below expectations at 53.3, missing a forecast of 53.6. The number was up from 53.1 the previous month at 53.1. Profits at Lloyds Banking Group
Read moreLloyds takes bigger PPI hit but profits up
1st May 2012 07:05
Profits at Lloyds Banking Group were back in the black in the first quarter but the bank has had to set aside more money to cover the mis-selling of payment protection insurance (PPI). The bank, which is 41% owned by the UK tax payer, said pre-tax profits came in at £288m compared to a massive loss
Read moreTuesday newspaper round-up: Sterling, Mortgages, China
1st May 2012 05:13
More than one million homeowners will see their mortgage payments jump by hundreds of pounds a year from today as lenders, including two state-backed banks, raise borrowing costs. Borrowers with other banks and building societies face similar increases in the months ahead, experts have warned, with
Read moreLondon close: Stocks snap four-day winning streak
30th Apr 2012 16:30
- Chicago PMI, US consumer spending disappoints - Spain joins the UK in recession - Global stock markets in the red With economic data missing expectations Stateside and Spain continuing to dampen the outlook for the Eurozone economy, London's FTSE 100 index slumped on Monday, snapping a four-day w
Read moreTuesday preview: BP, Lloyds, IMPs ...
30th Apr 2012 16:01
There are plenty of big names reporting on Tuesday but the two most likely to catch they eye are BP and Lloyds Banking. Starting with integrated oil giant BP, recently returned to the dividend standard, Charles Stanley's Tony Shepard thinks first quarter net income will be flat at $5.4bn compared t
Read moreLloyds denies rumours of an offer for Scottish Widows
30th Apr 2012 14:53
UK banking group Lloyds has quashed rumours that it has received a 'multi-billion' pound offer for its life assurance, pensions and savings business, Scottish Widows. According to Monday's London Evening Standard, the bank had received an approach from Edmund Truell, the founder of private equity f
Read moreSunday newspaper round-up: Lloyds, House prices, Colt
29th Apr 2012 11:43
Middle Eastern wealth funds including Qatar Holdings and Abu Dhabi's Mubadala fund have held talks with Lloyds bank bidder, NBNK, to bolster its £2bn approach for the 632 branches Lloyds is struggling to sell. The backing of either or both funds - which have major investments in household business n
Read moreWeek Ahead: Lloyds, RBS, BP, US unemployment
27th Apr 2012 11:54
Banking results season gets in to full swing with Lloyds and RBS giving first quarter updates. There are plenty of other blue-chip companies clamouring for the limelight but it will be hard to ignore the first quarter update from BP on Tuesday, while on the economic front, US jobless figures for Apr
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