Lloyds delays earnings targets, expects a tough 2012 - UPDATE
24th Feb 2012 07:04
Lloyds Banking Group said it expects the external environment to remain challenging this year and has had to delay its return on equity and income-related targets beyond 2014. Meanwhile, the lender reported a steep loss for 2011, dragged down by substantial charges in relation to Payment Protect Ins
Read moreLondon close: US data provides a lift
23rd Feb 2012 16:28
- US data comes in better-than-expected. - EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. London's blue chip index finished strongly on Thursday, gaining nearly 40 points in the final two hours, after some better-than-expected economic data Stateside bo
Read moreFriday preview: Lloyds Banking to dip pen in red ink
23rd Feb 2012 15:58
Thursday's results from fallen banking titan Royal Bank of Scotland showed the difficulties of deciding which numbers to focus on when it comes to massive banking operations, and it is not likely to be much easier when another part-nationalised lender, Lloyds, publishes its figures on Friday. For
Read moreLondon midday: Gains trimmed after gloomy EU growth forecasts
23rd Feb 2012 11:56
- EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. - German IFO survey comes in at six-month high. After a strong start, gains for the Footsie were pared by lunchtime after the European Commission cut its forecasts for economic growth. The market reaction t
Read moreLondon open: RBS provides a boost early on
23rd Feb 2012 08:25
- RBS leads banks higher after results. - Capita rises strongly after bullish outlook. - EU expected to cut Eurozone GDP forecasts. The Footsie opened slightly higher on Thursday as the markets digested a host of results, with heavyweights such as Royal Bank of Scotland (RBS), Capita, Centrica, RSA
Read moreLondon open: Footsie slips as ex-div stocks provide a drag
22nd Feb 2012 08:35
- Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag. The FTSE 100 slipped slightly into the red in the opening hour on Wednesday as investors continue to digest the Greek bailout approved on Monday night. Meanwhile, Chinese manufac
Read moreLondon close: Stocks slip as doubts remain over Greece
21st Feb 2012 16:32
- Doubts still remain over Greek despite €130bn bailout. - Vedanta jumps on speculation of restructuring. - Kenmare rises on takeover rumours. London's blue chip index finished the day slightly lower as last night's approval by Eurozone finance ministers to grant Greece its next aid package underwh
Read moreWhich? calls on Lloyds boss to hand back welcome bonus
21st Feb 2012 13:32
Leading consumer group Which? has reportedly called on Lloyds Chief Executive Antonio Horta-Osorio to hand back his signing-on bonus in the wake of the infamous PPI mis-selling scandal. Horta-Osorio was welcomed to the 43% taxpayer-owned bank with £4.6m in shares when he joined in January of last
Read moreLondon midday: Stocks continue to fall after Greek bailout
21st Feb 2012 12:01
- Eurogroup approves Greek bailout. - Oil stocks drag Footsie lower. - Tullow Oil drops despite oil find in Sierra Leone. London's benchmark index was trading close to its intraday low at midday as investors pondered the future of the Eurozone following last night's Eurogroup approval of the next t
Read moreLondon open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
Read moreLondon close: Stocks establish a new high for the year
20th Feb 2012 17:46
-Miners jump as investors seek riskier assets. -Officials optimistic about securing Greek bailout. -PBoC cuts RRR for banks. -ECB bought no debt last week through SMP program. Stocks rose on Monday and established a new high for the year after what appears to have been some genuinely positive new
Read moreFTSE 100 movers: Miners leap on Greek deal optimism
20th Feb 2012 14:33
Mining stocks and banks performed well in the morning session, buoyed by Greek optimism and the People´s Bank of China's decision to cut its legal reserve ratio requirement for large banks by half a percentage point, announced late on Friday. Mining stalwarts Kazakhmys, Eurasian Natural Resources
Read moreLondon midday: Risk appetite increases on Greek bailout hopes
20th Feb 2012 11:32
- Miners jump as investors seek riskier assets. - Officials optimistic about securing Greek bailout. - PBoC cuts RRR for banks. With the possibility of a Greek bailout edging closer, and China moving to ease fears of a 'hard-landing' over the weekend, UK stocks had extended gains by lunchtime, wit
Read moreBroker tips: Lloyds, CSR, Aveva
20th Feb 2012 11:24
Nomura has reiterated its reduce recommendation and 35p target for Lloyds Banking Group ahead of the firm's full-year results due later this week. Nomura says that the outlook for both revenue and asset quality has deteriorated over the second half of the year, "which makes us more concerned about
Read moreBroker snap: Consensus too optimistic about Lloyds, says Nomura
20th Feb 2012 11:11
Nomura has reiterated its reduce recommendation and 35p target for Lloyds Banking Group ahead of the firm's full-year results due later this week. "The investment case for Lloyds, like RBS, is driven by an assessment of the value and prospects of the core businesses and the potential exit and restr
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