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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
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Share Price: 54.74
Bid: 54.88
Ask: 54.92
Change: -1.34 (-2.39%)
Spread: 0.04 (0.073%)
Open: 56.38
High: 56.56
Low: 54.28
Prev. Close: 56.08
LLOY Live PriceLast checked at -

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Wednesday tips round-up: Meggit, JLT, RBS

Wed, 03rd Mar 2010 06:41

With every one cent decline in the pound against the US dollar adding £400,000 to defence group Meggitt's prospective pre-tax profits, currency moves alone have been enough to send current-year forecasts higher.Even so, profit progress in 2010 driven more by Meggitt's target of £50m of annualised cost savings rather than a rebound in sales. Meggitt entered recession with too much debt ? now £808m, which will be slow to work off ? and sales growth is uninspiring. At 295p, or 11 times earnings, the shares are up with events. Pass says the Times.Insurance broker JLT continues to grow faster than Aon, Marsh and Willis, its larger rivals, with a 5% rise in like-for-like sales implying rising market share. With profits set to receive a further fillip from a £14m cost-saving programme, at 500p, or 12 times 2010 earnings, and yielding 4.2%, buy on weakness says the Times.This year is likely to prove the low point for profits at ground preparation group Keller. It has built a strong presence in emerging markets, with revenues from Asia set to double this year after the purchase of Singapore's Resource Holdings, a piling contractor, in October. Equally, Keller continues to trade strongly in Australia and Eastern Europe. At 651p, off 24p, or ten times 2010 earnings, hold on says the Times.Royal Bank of Scotland, with a sizeable investment bank keeping the show on the road, faces similar regulatory issues to Barclays, while lacking the latter's talent and profits. RBS's results were better than some expected, and the gaffe-prone management are at least steadying the ship. But RBS is one to avoid says the independent. The paper also advises investors to hold Barclays and HSBC, while Lloyds is a speculative buy up to 75p.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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14 Mar 2023 09:26

UK banks not seeing 'flight to quality' after SVB collapse - Lloyds CEO

LONDON, March 14 (Reuters) - British banks are not yet seeing a "flight to quality" in deposits among customers nervous about the safe-keeping of their money following the collapse of U.S. lender Silicon Valley Bank last week, Lloyds chief executive Charlie Nunn said on Tuesday.

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14 Mar 2023 08:54

LONDON MARKET OPEN: Europe opens mixed as SVB worries rattle Asia

(Alliance News) - Stock prices in London opened largely lower on Tuesday, with the fallout from the Silicon Valley Bank collapse still reverberating around global markets.

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13 Mar 2023 16:57

LONDON MARKET CLOSE: Stocks sharply lower amid SVB contagion fears

(Alliance News) - Stocks in London ended firmly lower on Monday as the fallout from the collapse of Silicon Valley Bank continued to ripple through markets.

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13 Mar 2023 12:05

LONDON MARKET MIDDAY: HSBC-SVB deal fails to boost FTSE 100

(Alliance News) - Shares were lower at midday in London on Monday, as bank shares suffered from the collapse of Silicon Valley Bank.

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13 Mar 2023 11:25

Bank of England to study climate-related capital further

LONDON, March 13 (Reuters) - The Bank of England will carry out further study as it is not yet clear whether it needs to require banks and insurers to set aside longer-term capital buffers to provide for the consequences of climate change, it said on Monday.

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12 Mar 2023 20:25

Britain battles to limit SVB damage as would-be buyer for UK arm steps in

Government working to protect customers from bank's collapse

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12 Mar 2023 10:51

UK's high street banks given 24 hours to rescue SVB UK - Sky News

March 12 (Reuters) - Britain's biggest high street banks have been given a 24-hour deadline to rescue Silicon Valley Bank UK (SVB UK) from collapse as the Bank of England prepares to place it into an insolvency process, Sky News reported on Sunday.

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10 Mar 2023 13:38

Citi reiterates 'buy' rating on four UK bank stocks

(Sharecast News) - Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.

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10 Mar 2023 12:31

Castelnau says Ocula Technologies receives new Lloyds investment

(Alliance News) - Castelnau Group Ltd on Monday said Ocula Technologies Holdings Ltd has received new investment from Lloyds Banking Group PLC and their financial technology investment team.

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10 Mar 2023 12:10

LONDON MARKET MIDDAY: Stocks sharply lower amid banking sell-off

(Alliance News) - Stock prices in London were deep in the red at midday on Friday as London-listed banks weighed down the FTSE 100 following a steep sell-off of peers across the Atlantic on Thursday.

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10 Mar 2023 09:00

LONDON MARKET OPEN: US bank stock sell-off weighs on global equities

(Alliance News) - Stock prices in London fell sharply at Friday's open, as a positive UK GDP print was overshadowed by concerns for the health of the global financial sector.

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10 Mar 2023 00:01

Dampened rate expectations ease pressure on borrowers, says UK watchdog

LONDON, March 10 (Reuters) - Britain's financial watchdog said on Friday it expects the number of mortgage borrowers struggling to keep up with payments to rise at a much slower pace in the next 12 months than previously forecast because interest rate hikes will be more modest.

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7 Mar 2023 14:05

Bank of England gives lenders December deadline to improve data on risks

LONDON, March 7 (Reuters) - The Bank of England will decide by year end if tougher disclosure rules are needed for banks after the near meltdown in pension funds last September highlighted weaknesses in quantifying risks, it said on Tuesday.

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7 Mar 2023 11:12

Forget Powell: focus on inflation inputs

STOXX 600 up 0.2%

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7 Mar 2023 10:55

Banks surge ahead in 2023

STOXX 600 up 0.2%

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