Lloyds Banking still offers value among majors, says broker
Lloyds Banking Group is the “last man standing” for investors according to Investec’s Ian Gordon.
Company
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
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Lloyds Banking Group is the “last man standing” for investors according to Investec’s Ian Gordon.
London shares closed lower on Tuesday after a session where it only briefly rose on the day, thanks to lower oil and bank stocks
Archive
An early look at some analyst views from the City
Crude prices pared 5% gains as Russia and Saudi failed to act
London shares ended lower on Thursday as a robust manufacturing survey was interpreted as adding to production costs, rather than boosting exports in the wake of Britain’s vote to leave the European Union
Investments and investor services
The Footsie pared earlier gains, although the UK-focused FTSE 250 rebounded
London’s top stocks closed lower on Wednesday after the global miners honeymoon was interrupted by a downbeat trading update from Glencore but mid-caps rose above 18,000 for the first time since May 2015
FTSE 100 shed 17 to 6,851, with the FTSE AIM 100 also down by a few points at 3,765.
London shares closed lower on Friday, as gains proved elusive when a broad-based decline among stocks in metals, mining, and forestry took hold
London shares seesawed and ended firmer on Monday thanks to gains by oil prices. The FTSE 100 index closed up 0.2% at 6,809, and was led higher by banks
The government still has a 9% stake in the banking titan after it stepped in to bail it out during the financial crisis
Miners drove the Footsie higher in early deals but fags makers BATs and IMPs were puffing along towards the back of the Footsie field
UK taxpayer funded banks have so far reportedly refused to pass the rate cut on
The Bank of England’s move to cut UK interest rates on Thursday was a well-trailed event yet it moved markets in London and had a knock-on effect on Wall Street. But did they overreact to a lame policy action?
Tax-payer controlled Royal Bank of Scotland is the latest big UK bank to report earnings
London stocks began the Tuesday session in the red and never recovered, as oil and banking stocks dragged the blue-chip ticker lower
Shares in BP and Royal Dutch Shell were on the slide
The City watchdog has extended the deadline for PPI claims to June 2019
Investments and investor services
British construction activity in July hit its lowest level since June 2009