Tag: Lloyds Banking Group
GKN hit by concerns about rising costs
by Greg Secker on Apr.08, 2011, under Greg's Blogs
UK Report 8th April
UK markets closed lower yesterday, with most of the FTSE 100 index topping at a six week high, as retailers and banks recorded gains. Marks & Spencer, led the retailers higher, after the company predicted that its profitability for the current year would improve. Banks, Lloyds Banking Group, Barclays and Royal Bank of Scotland Group, gained between 2.7% and 3.9%, on speculation that the Independent Commission on Banking would not recommend a breakup of the big banks. Miners, Kazakhmys and Antofagasta paced gains, helped by higher base metal prices. In the leisure sector, broker upgrades benefited the shares of TUI Travel and Thomas Cook Group.
FTSE 100 fell to 6009 after reaching 6 week highs
FTSE 100 dropped 0.2% or 9.9 points to 6,007.1.
by Greg Secker on Apr.06, 2011, under Greg's Blogs
UK Report 6th April 2011
UK markets closed lower yesterday, with the FTSE 100 index falling from its six-week closing high, as miners, banks and airlines recorded losses. Miners, Rio Tinto, Xstrata and ENRC, dropped between 0.1% and 1.5%, as base metal prices fell, following interest rates hike in China. Banks, Lloyds Banking Group, Barclays and Royal Bank of Scotland, declined between 0.4% and 1.2%, as risk appetite decreased among investors. Airline stocks, International Consolidated Airlines and easyJet, lost 1.5% and 0.3% respectively, as crude oil prices traded near its 30-month high. National Grid dropped 1.8%, leading utility stocks lower, after HSBC downgraded the stock to “Underweight” from “Neutral”. Among other stocks, Vodafone fell 1.5%, suffering from broker downgrade, while Invensys lost 2.2%, after its peer, Siemens, forecasted slower growth in the second half of the year. FTSE 100 dropped 0.2% to 6,007.1. FTSE 250 fell 0.3% to 11,737.7.
FTSE 100 gained 1.7% or 101.2 points to 6,009.9.
by Greg Secker on Apr.04, 2011, under Greg's Blogs
UK Report 4th April 2010
UK markets rallied on Friday, with the FTSE 100 index finishing above the above key psychological level of 6000, as banks and oil related stocks recorded gains. Banks, Barclays, Royal Bank of Scotland Group and Lloyds Banking Group, added between 3.8% and 5.0%, as investors speculated that the Irish government’s plan to increase the capital level of the nation’s lenders would help senior bondholders to avoid taking any losses for now. Oil related stocks, John Wood Group, Tullow Oil and Petrofac, gained between 1.8% and 5.1%, as oil prices rose. Shares of BP, Premier Foods and Victrex benefitted from broker upgrades. Adding to the positive sentiment, US economy added more jobs than forecast in March.
FTSE 100 gained 1.7% or 101.2 points to 6,009.9. FTSE 250 climbed 1.0% or 116.8 points to 11,708.7.
FTSE 100 gained 0.4% or 22.0 points to 5,718.1
by Greg Secker on Mar.21, 2011, under Greg's Blogs
UK Report 21st March 2011
UK markets closed higher on Friday, as intervention by G7 countries to stabilise the yen, and reports that Libya called a cease-fire, boosted market sentiments. Utility stocks, National Grid, Scottish & Southern Energy and Centrica, climbed between 3.2% and 4.4%, after UK power regulator Ofgem announced a new framework of price controls and incentives for gas and electricity distribution. Travel stocks, TUI Travel and International Consolidated Airlines, gained 3.4% and 0.3%, respectively, as crude oil prices eased. Miners, Anglo American, Kazakhmys and Vedanta Resources, added between 0.1% and 1.5%, on the back of steady base metal prices, while precious metal miners, Fresnillo, African Barrick Gold and Lonmin, advanced between 0.1% and 1.6%, as silver, gold and platinum prices rose. FTSE 100 gained 0.4% to 5,718.1. FTSE 250 added 1.0% to 11,345.8.
FTSE 100 sank 1.7% or 97.1 points to 5,598.2.
by Greg Secker on Mar.18, 2011, under Greg's Blogs
UK Report 17th March 2011
UK markets closed lower yesterday, with the FTSE 100 index declining for the sixth consecutive session, led by a selloff in banks, insurers and miners, as the nuclear crisis in Japan intensified. Banks, HSBC, Barclays and Lloyds Banking Group, lost between 1.5% and 3.6%, as risk appetite decreased among investors. The sector was also weighed down by a downgrade of Portugal’s credit rating by Moody’s Investors Service. Insurers, Standard Life, Prudential and Legal & General Group, paced declines, in line with the broader market. Miners, Anglo American, Xstrata and Kazakhmys, declined between 0.9% and 2.5%, despite a rise in base metal prices. Airline stocks, International Consolidated Airlines and EasyJet, dropped 3.5% and 1.5%, respectively, on the back of higher oil prices and rising concerns about the nuclear crisis in Japan. FTSE 100 sank 1.7% or 97.1 points to 5,598.2. FTSE 250 fell 1.1% or 118.1 points to 11,033.1.
