Sector movers: Lloyds buoys banking sector
19th Mar 2010 10:52
Lloyds leads the banking sector after giving an impromptu and upbeat trading update ahead of a presentation at the Morgan Stanley european financials conference today. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday. Daniels said trading
Read moreLondon open: Lloyds fires Footsie higher
19th Mar 2010 08:45
London's top stocks have started strongly after the Dow posted its eighth day of gains and Lloyds Banking predicted a profit this year. Part-nationalised lender Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday. In a short statement ahead
Read moreLondon pre-open: Shares seen higher
19th Mar 2010 07:36
London's top stocks look set to start the last trading day of the week on a positive note, with traders expecting Footsie to add about 10 points early on. Part-nationalised lender Lloyds Banking will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday.
Read moreLloyds predicts profit for 2010
19th Mar 2010 07:05
Part-nationalised lender Lloyds Banking will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday. In a short statement ahead of a presentation at the Morgan Stanley European Financials Conference later today, Daniels said trading in the first 10 weeks o
Read moreLondon open: Banks lead decline
18th Mar 2010 08:26
London's top stocks have slipped back in early dealings on Thursday, with banks leading the index lower. Lloyds Banking, Barclays and Royal Bank of Scotland are the three worst performers on the Footsie, closely followed by HSBC. Bakery and sandwich chain Greggs saw full-year profits come in sligh
Read moreBroker snap: Sell the banks says Seymour
15th Mar 2010 12:38
Broker Seymour Pierce has written a bearish assessment of the prospects for UK banks, with sell ratings for Lloyds, Royal Bank of Scotland and Barclays. The broker expects the banks will see more revenue disappointment before rebuilding their profitability and believes expectations for banking inco
Read moreSunday newspaper round-up: Lloyds, EMI, Vedanta
14th Mar 2010 11:01
Lloyds Banking is believed to be considering plans to hive off a portion of its giant commercial property portfolio into a separate, tax-efficient company. Senior figures within the bank are thought to have put forward the idea, which would see some of the £50bn to £75bn worth of assets and loans in
Read moreLondon close: Footsie edges forward
12th Mar 2010 16:44
The leading share index limped higher to into the weekend only a few points ahead on the week. Lloyds, Royal Bank of Scotland and Barclays gained. Life groups Old Mutual, Legal & General and Standard Life are also in demand. HSBC was the exception among the financials after Goldman Sachs reduced i
Read moreLondon afternoon: Footsie heading higher again
12th Mar 2010 14:05
Futures pointing to a strong start on Wall Street after better than expected retail sales figures and demand for the UK banks have kept Footsie moving upwards. Lloyds, Royal Bank of Scotland and Barclays are all higher. Life groups Old Mutual, Legal & General and Standard Life are also in demand.
Read moreLondon open: Flat start for Footsie
12th Mar 2010 08:39
Early gains have all now evaporated and Footsie has slipped into the red despite a good rally on Wall Street overnight. Financial are the best performers with the nearly all showing good gains. Lloyds, Royal Bank of Scotland and Barclays are all higher. Life groups Old Mutual, Legal & General and S
Read moreLondon close: Late gains for FTSE 100
10th Mar 2010 16:41
Footsie lacked direction for much of the day, but found strength following a bright start in the US to continue its gradual ascent of recent days. Mining stocks did their bit to bolster the Footsie as metal prices rose following a sharp increase in imports into China in February. Banks also helped,
Read moreLondon afternoon: Stocks trade sideways
10th Mar 2010 14:25
The market traded sideways over the lunchtime session allowing the blue-chip index to retain its tenuous position above the 6500 level. Mining stocks are doing their bit to bolster the Footsie as metal prices rise following a sharp increase in imports into China in February. Banks are also doing th
Read moreLondon midday: FTSE 250 stocks shine
10th Mar 2010 12:01
The Footsie is clinging on to positive territory, not helped by the likes of Admiral, BATS, Serco, Schroders, Standard Chartered and TUI Travel trading in ex-dividend form today. The main points of interest this morning were outside of the FTSE 100 index, however. FTSE 250 constituent Tullett Prebo
Read moreLondon open: Very quiet start
10th Mar 2010 08:51
London's blue chips have opened lower but there is little momentum either way at present with modest gains for the banks offset by a stack of companies going ex-dividend. Derivatives broker Tullett Prebon is the stand-out after it confirmed preliminary discussions with a third party which may or ma
Read moreShire chairman raises £1.5m from disposal
9th Mar 2010 16:22
Matthew Emmens, the chairman of pharma company Shire, has raised nearly £1.5m from a share sale. Emmens sold 33,302 American Depositary Shares (ADSs) at an average price of $66.44. Each ADS is equivalent to three ordinary shares. The selling price was equivalent to £14.70 a share. Last week, Emm
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