Broker tips: Lloyds, Rio Tinto, MITIE

3rd Feb 2014 12:50

Lloyds Banking Group is expected to report a 'small' statutory loss after tax after setting aside a provision to cover the cost of compensating customers for mis-sold payment protection insurance (PPI). The lender has put aside £1.8bn in the fourth quarter for PPI and a further provision of £130m r

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London midday: Investors waiting on raft of new data

3rd Feb 2014 11:43

- Slight fall in Footsie - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line - Eurozone manufacturing may relieve pressure on ECB, some say The FTSE 100 was dipping slightly into the red come midday, buoyed by its proximity to important levels of so-called 'technical suppo

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Broker snap: Lloyds' profit and dividend disappoint, says Jefferies

3rd Feb 2014 10:14

Lloyds Banking Group is expected to report a 'small' statutory loss after tax after setting aside a provision to cover the cost of compensating customers for mis-sold payment protection insurance (PPI). The lender has put aside £1.8bn in the fourth quarter for PPI and a further provision of £130m r

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London open: FTSE inches higher despite ECB concerns

3rd Feb 2014 08:55

- Modest rise on FTSE - Lloyds dives on PPI bill update - Chinese and Aussie data disappoints - Focus to be on Eurozone manufacturing techMARK 2,783.19 +0.30% FTSE 100 6,514.32 +0.06% FTSE 250 15,690.31 +0.10% The FTSE surprised with a positive start to today's session, inching marginally into pos

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Lloyds expects to commence dividend at 'modest' level

3rd Feb 2014 07:55

Lloyds Banking Group's shares fell after saying it set aside 1.8bn pounds in the fourth quarter to cover the cost of compensating customers for mis-sold payment protection insurance (PPI). The state-backed lender also put aside a further provision of £130m relating to the sale of interest rate hedg

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Monday newspaper round-up: Energy companies, retailers, Lloyds

3rd Feb 2014 07:06

Energy companies have hit out at Ofgem after being ordered to hand over information on every single trade they have made for the past 10 years as part of a new annual competition audit. That amounts to millions of pieces of data and executives have questioned the timing of the regulator's 'unusual'

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Sunday newspaper round-up: RBS, Centrica, Vodafone

2nd Feb 2014 17:27

The Bank of England will question Royal Bank of Scotland over its capital position in the next two weeks, the Sunday Telegraph reported. The BoE's Prudential Regulatory Authority arm will call in RBS boss Ross McEwan to check on the bank's capital strength in light of his strategy review, due Februa

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Cable slams Lloyds plans to slash its small business advisers

30th Jan 2014 15:51

Business Secretary Vince Cable said he was 'disappointed' to hear news that Lloyds Banking Group was cutting almost a quarter of its small business advisers. He is said to be "very angry" and will demand an explanation from the bank's boss Antonio Horta-Osorio on why he wants to cut 600 of its 2,70

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London midday: Stocks hold on to losses as investors weigh Fed, data

30th Jan 2014 11:20

- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Updates from blue chips come in mixed techMARK 2,760.98 -0.25% FTSE 100 6,524.90 -0.30% FTSE 250 15,650.01 -0.24% The Federal Reserve's decision

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Thursday broker round-up UPDATE

30th Jan 2014 09:06

Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan

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London open: Stocks fall after Fed as investors await data-heavy session

30th Jan 2014 08:26

- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Barrage of data out elsewhere techMARK 2,761.89 -0.22% FTSE 100 6,518.96 -0.39% FTSE 250 15,677.69 -0.07% UK equities got off to a poor start on

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Thursday newspaper round-up: BP, RBS, Scotland

30th Jan 2014 07:16

BP should remain barred from winning any new contracts with the American government because it has not demonstrated that it is a "responsible" contractor following the 2010 Gulf of Mexico oil spill, the US Department of Justice has said. The oil giant is fighting to overturn a decision made by the U

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Wednesday newspaper round-up: Lloyds, Bid battle, House prices

29th Jan 2014 07:18

Lloyds Banking Group has pushed the button on its 1.5bn pound-plus float of TSB after rejecting an 11th-hour approach from a group of institutional investors. TSB's management, led by Chief Executive Paul Pester, has begun meeting potential investors to ask them to back the pending flotation of the

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London close: Markets rebound after five-day losing streak

28th Jan 2014 16:38

- Markets finish higher, upside limited after Fed - UK GDP up 0.7 per cent in Q4 - Fund managers, banks lift markets higher techMARK 2,781.48 +0.71% FTSE 100 6,572.33 +0.33% FTSE 250 15,715.83 +1.21% UK markets registered small gains on Tuesday as stocks recovered after five straight days of losse

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FTSE 100 movers: Lloyds leads the risers

28th Jan 2014 14:46

Leading the upside was Lloyds Banking Group as the company announced progress with its plan to put it back on track for profitability. In line with a UK government objective of returning the bank to private ownership, it unveiled another round of planned job cuts. Water group Severn Trent continue

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