Wednesday tips round-up: Lloyds Banking, Severn Trent, SSL
25th Nov 2009 06:35
On balance, Lloyds Banking investors should take up their rights and consider this an investment for the long term suggests the Telegraph. The average shareholder owns 740 shares, which means the average sum an investor will have to stump up to prevent dilution at this stage is £367. Ultimately, t
Read moreWednesday newspaper round-up: Royal Bank of Scotland, Lloyds Banking, BBC
25th Nov 2009 06:27
Royal Bank of Scotland and HBOS were given a secret £61.6bn in bridging loans last year on top of the £500bn of support that the banking sector received from the taxpayer, the Governor of the Bank of England disclosed yesterday. MPs expressed astonishment when Mervyn King told them about the emerg
Read moreLondon close: FTSE 100 closes 32 points lower
24th Nov 2009 16:48
London ended the day in the red as the FTSE 100 lost its earlier gains after Wall Street opened sharply lower. London did not sustain a short-lived rally in the late afternoon. The market seemed to initially ignore Bank of England governor Mervyn King's cautious comments to the House of Commons Tr
Read moreLondon afternoon: Shares still drifting
24th Nov 2009 14:31
London continues to lack direction, with Bank of England governor Mervyn King's comments to the House of Commons Treasury select committee on the state of the economy having more of an effect on sterling than on share prices. With sterling dipping after King's comments, package holiday firms Thomas
Read moreFTSE 100 movers: Marks boosted by broker optimism
24th Nov 2009 12:36
Japanese broker Nomura has been casting an eye over the general retail sector where it reckons almost all data indicators point to an improvement. Marks & Spencer is one of those it likes. The group is set to 'benefit from weaker comparative figures, market share gains, reduced sales at markdown l
Read moreLondon midday: Leading shares mixed
24th Nov 2009 12:10
Footsie has fought its way into positive territory after a dull opening, helped by a recovery by some mining stocks. Anglo American, ENRC and Lonmin are the brightest features of a mining sector that initially opened lower on softer copper prices. Lloyds Banking Group is firmer after it priced i
Read moreSecret £62bn bank loans revealed
24th Nov 2009 11:17
The Bank of England provided emergency funding of £61.6bn to Royal Bank of Scotland and HBOS as the financial system faced meltdown, it was revealed today. Policymakers finally owned up to the huge loans at a parliamentary hearing, having kept the move secret for fear of sparking further panic in e
Read moreLondon open: Lloyds unveils record cash call
24th Nov 2009 08:52
London's blue chips have fallen back after yesterday's strong gains, with Lloyds Banking getting most of the attention. Lloyds Banking Group priced its world record £13.5bn rights issue at 37p a share, a discount of 59.5% to last night's closing price. Britain's third-largest lender will offer s
Read moreLondon pre-open: Negative start ahead
24th Nov 2009 07:31
London's blue chips are expected to start around 50 points lower, falling back from yesterdays triple-digit gains. Footsie closed more than 100 points higher on Monday thanks to a record price for gold, an early rally on Wall Street and strength across the financial sector. Lloyds Banking Group h
Read moreLloyds prices rights issue at 37p
24th Nov 2009 07:02
Lloyds Banking Group has priced its world record £13.5bn rights issue at 37p a share, a discount of 59.5% to last night's closing price. Britain's largest mortgage lender will offer shareholders the chance to buy a total of 36.5bn shares on the basis of 1.34 new shares for every 1 share held. The
Read moreTuesday newspaper round-up: Lloyds Banking, Tesco, Informa
24th Nov 2009 06:31
Lloyds Banking Group will on Tuesday launch the UK's largest rights issue to raise £13.5bn ($22bn), offering investors new shares at 36p each, a huge discount, ahead of a shareholder vote on Thursday. The rights issue is part of a £22.5bn capital raising that aims to repair the bank's balance sheet
Read moreLondon close: Footsie 100 points higher
23rd Nov 2009 16:37
Footsie closed more than 100 points higher on Monday thanks to a record price for gold, an early rally on Wall Street and strength across the financial sector. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhe
Read moreLondon afternoon: Rally into three figures
23rd Nov 2009 14:49
A record price for gold, an early rally on Wall Street and strength across the financial sector has sent London to its best levels of the day. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhere in the sector
Read moreLloyds to sack another 800
23rd Nov 2009 14:14
Banking chiefs at Lloyds have been busy bees today, raising £9bn from a bond swap and sacking 800 staff to take the total number of job losses since the merger with HBOS to way over 15,000. The lender confirmed that 570 jobs at the life, pensions and investments administration centre in Aylesbury,
Read moreLloyds rights issue set for 60% discount
23rd Nov 2009 12:13
Lloyds Banking Group prices its £13.5bn rights issue, the biggest cash call in history, tomorrow and the maths suggest investors will be offered the shares somewhere between 33 and 37p. The lender has said the final offer price will be either 15p, or a discount of between 38% and 42% to the theoret
Read more