Lloyds profits surge, Chief eyes return to private ownership
13th Feb 2014 07:00
- Underlying profits rise 140 per cent to 6.2bn pounds - Underlying income up two per cent at 18.8bn pounds - Costs and impairments lower - Non-core asset reductions ahead of plan, capital position improves - Bonuses up, CEO paid 1.7m pounds in shares Underlying profits at Lloyds Banking Group more
Read moreLloyds set to announce 10 per cent increase in bonus pool
12th Feb 2014 15:58
Ahead of the release of its full year results on Thursday, Lloyds Banking Group reached an agreement with UK Financial Investments (UKFI) regarding the amount of bonuses which it will be allowed to pay out. The lender will announce its intention to pay out just under £400m in bonuses, an approxima
Read moreThursday preview: Lloyds, Rio Tinto, Rolls-Royce release finals
12th Feb 2014 14:53
Thursday's agenda will be jam-packed with economic releases and company results including finals from Lloyds Banking Group, Rio Tinto and Rolls-Royce. Ahead of its annual results, Lloyds has agreed a deal to pay about £395m in bonuses, including an award of more than £1.5m for its Chief Executive A
Read moreLondon close: Stocks gain after quiet session, Barclays rises
10th Feb 2014 16:31
- Stocks at highest level since January 24th - Markets awaiting Yellen, Draghi and Carney - Precious metal producers jump, Barclays gains ahead of FY results tomorrow - Energy companies come under criticism from MPs techMARK 2,806.76 +0.59% FTSE 100 6,591.55 +0.30% FTSE 250 15,910.72 +0.29% The UK
Read moreFTSE 100 movers: Miners gain, Barclays leads banks higher
10th Feb 2014 12:43
Mining stocks were among the best performers on the FTSE 100 on Monday with precious metal producers Fresnillo and Randgold rising strongly as gold and silver prices advanced. Barclays was making gains despite claims that confidential details of clients had been stolen and sold. Investors were also
Read moreLondon midday: Barclays gains, Centrica falls as markets hold steady
10th Feb 2014 11:37
- Markets pause at two-week high - Central bankers in focus ahead of speeches - Barclays gains despite data leak, profit guidance - Energy Secretary concerns with energy profit margins techMARK 2,792.81 +0.09% FTSE 100 6,567.75 -0.06% FTSE 250 15,877.62 +0.08% UK markets more or less unchanged by
Read moreMonday broker round-up UPDATE
10th Feb 2014 08:13
Admiral Group: Goldman Sachs downgrades from buy to neutral with a target price of 1440p. APR Energy: Jefferies lowers target price from 1260p to 1250p keeping a buy recommendation. Dialight: N+1 Singer reduces target price from 1227p to 1022p, while leaving its buy recommendation unchanged. Ferr
Read moreSunday newspaper round-up: Barclays, RSA, Vodafone
9th Feb 2014 09:06
Barclays is preparing to cut its investment bank by a fifth to appease the Bank of England (BoE), the Sunday Times reported. Chief Executive Antony Jenkins will announce the plan to sell £150bn of assets and slash annual costs by £1.7bn with the bank's full-year results on February 11th. The investm
Read moreThursday newspaper round-up: Banks, GlaxoSmithKline, Young people...
6th Feb 2014 06:48
New York's top banking regulator has demanded documents from more than a dozen banks, opening a new front in the sprawling global investigation into alleged foreign exchange manipulation. Ben Lawsky, superintendent of New York's Department of Financial Services (DFS), sent requests to banks includin
Read moreLondon open: Stocks higher after five-day losing streak
5th Feb 2014 08:25
- Upside limited ahead of data, policy decisions - Hargreaves Lansdown drops after H1 results - RSA appoints Stephen Hester as CEO techMARK 2,762.78 +0.61% FTSE 100 6,471.41 +0.34% FTSE 250 15,594.12 +0.35% UK markets opened slightly higher on Wednesday morning after five straight days of declines
Read moreTuesday tips round-up: Lloyds, Rexam, BBA Aviation
4th Feb 2014 06:49
Executives at Lloyds are asking too much of investors. Following yesterday's surprise pre-close trading update from the lender, the possibility that it might announce a dividend payout alongside its full year results on February 13th has vanished into thin air, at least until six months from now.
Read moreTuesday newspaper round-up: US debt ceiling, Autonomy, Barclays...
4th Feb 2014 06:28
US Treasury Secretary Jacob Lew warned Monday that the US is on course to hit its so-called debt ceiling, the limit to which it can legally borrow, by the end of the month. He called on Congress to raise it immediately to prevent the issue from harming the economic recovery, adding that the governme
Read moreSector movers: Lloyds and Vodafone weigh on their sectors
3rd Feb 2014 16:50
Financial stocks took a hit after the European Central Bank said the largest banks in the euro-area will be required to prove their capital will not drop below 5.5% of their assets in the event of an economic crisis. Shares of Barclays and RBS were weighed down by the news, with the bank sector endi
Read moreLondon close: Risk aversion moves up a notch, traders skittish
3rd Feb 2014 16:46
- US ISM manufacturing index surprises sharply on the downside, weather cited - Footsie finds supoort at 200-day moving average - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line Market Movers techMARK 2,766.78 -0.29% FTSE 100 6,460.48 -0.77% FTSE 250 15,552.68 -0.78% Th
Read moreFTSE 100 movers: Randgold cheers with strong update
3rd Feb 2014 14:52
Randgold Resources was the strongest riser after it said it hit targets for 2013, boosted gold production to a new record level and expects output to rise over the next five years. Production for the quarter and year to December rose 20 per cent and 15 per cent respectively, in line with the company
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