London close: Stocks dive as Greek worries persist
21st Sep 2011 16:50
Shares closed firmly in the red as the Eurozone crisis rumbled on, with Greece's government meeting to discuss austerity measures including public sector lay-offs. Reports suggest that Greece will have to wait until next week to find out if it has done enough to persuade the officials from the Inte
Read moreFTSE 100 Movers: Lloyds rising high after FT report
21st Sep 2011 13:03
Lloyds Banking was topping the leaderboard after a report from the Financial Times which said that the firm is set to sell a portfolio of commercial property loans worth around £1bn. Lloyds has declined to comment on the matter. Mining giant Rio Tinto saw a drop in its share price after reporting
Read moreLloyds sells £1bn of loans
20th Sep 2011 10:20
Lloyds Banking Group has launched the sale of £1bn of commercial property loans, according to a report in Reuters, citing sources "with knowledge of the matter." Reuters said that the part-nationalised lender's sale of loans is being handled by investment bank JP Morgan Cazenove. News of the sale
Read moreFTSE 100 Movers: Lloyds lower on FD's defection
19th Sep 2011 12:52
Lloyds Banking was leading the fallers after announcing that it will wave goodbye to two of its boardroom members, finance director Tim Tookey and Scottish Widows' deputy chairman Lord Sandy Leitch. The move prompted Evolution Securities to reiterate its "buy" recommendation on the banking giant, b
Read moreBroker tips: Lloyds, Britvic, Airlines...
19th Sep 2011 12:29
Evolution Securities has reiterated its buy recommendation on banking giant Lloyds, following the departure of its finance director Tim Tookey. "Tim Tookey's departure represents a de facto clean sweep of the executive team inherited by new chief executive officer Antonio Horta Osorio when he arriv
Read moreBroker snap: Tookey resignation a clean sweep for Lloyds, says Evolution
19th Sep 2011 11:48
Evolution Securities has reiterated its buy recommendation on banking giant Lloyds, following the departure of its finance director Tim Tookey. It was announced on Monday that Tookey, who joined Lloyds in April 2006 and become a board member in 2008, will be joining insurance giant Resolution in Fe
Read moreUPDATE: Lloyds waves goodbye to two board members
19th Sep 2011 10:51
Lloyds Banking Group will wave goodbye to two of its boardroom members, finance director Tim Tookey and Scottish Widows' deputy chairman Lord Sandy Leitch. Tookey, who joined Lloyds in April 2006 and become a board member in 2008, will be joining insurance giant Resolution in February as chief fina
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
Read moreLondon pre-open: Eurozone debt fears return to haunt Footsie
19th Sep 2011 07:21
The Footsie is in danger of opening the week with a triple-digit decline after European finance chiefs meeting last week failed to come up with a convincing solution to the Eurozone's debt problems. City sources predict the FTSE 100 will open down 98 points from Friday's close of 5,368. Lord Leitc
Read moreLloyds waves goodbye to two board members
19th Sep 2011 07:15
Lloyds Banking Group will wave goodbye to two of its boardroom members, finance director Tim Tookey and Scottish Widows' deputy chairman Lord Sandy Leitch. Tookey, who joined Lloyds in April 2006 and become a board member in 2008, will be joining insurance giant Resolution in February as chief fina
Read moreFTSE 100 Movers: Banks on the up after ECB announcement
16th Sep 2011 12:07
The banks maintained their top position throughout the morning as the blue chip index extended gains on the back of the announcement by the European Central Bank (ECB) yesterday to provide more dollar liquidity to Eurozone banks. Barclays, RBS and Lloyds were all buoyed after the news that the ECB
Read moreLondon open: Banks lead the rise
16th Sep 2011 08:35
The FTSE 100 has risen higher in early trading, led by the banks, as the blue chip index extended gains on the back of the an announcement by the European Central Bank (ECB) made yesterday. US and Asian markets performed well on Thursday and overnight, respectively, on news that the ECB - along wit
Read moreLondon close: Footsie jumps on euro hopes
15th Sep 2011 16:27
After an already strong start to trading on Thursday on the back of a Franco-German statement on Greece, markets across Europe surged following a European Central Bank (ECB) announcement in mid-afternoon, helping the Footsie in London finish over 2% higher. Early on, investors celebrated last night
Read moreBroker tips: UK banks, GKN, Kingfisher
15th Sep 2011 12:47
Nomura has upgraded banking giants HSBC and Barclays to buy, but downgraded Lloyds to neutral, after assessing the Independent Commission on Banking (ICB) report and Eurozone risks. "In our view, [HSBC's] relative performance will depend on risk appetite and in particular sentiment towards official
Read moreBroker snap: Nomura upgrades HSBC and Barclays, downgrades Lloyds
15th Sep 2011 12:14
Nomura has upgraded banking giants HSBC and Barclays to buy, but downgraded Lloyds to neutral, after assessing the Independent Commission on Banking (ICB) report and Eurozone risks. "The publication of the final ICB report reduces some of the uncertainty facing UK banks, although at the expense of
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