LSE Market News

Lloyds Banking Group (LSE:LLOY) share price closed at 68.47 as July trading came to a close yesterday.  The bank released its half-year report at 7:02 this morning.  By 8:22 am its share price has reached 72.98.  By 10:14 am, it was at 74.41.  At 13:00 it had ascended to 74.85.  Lloyds’ share price has not […]

British American Tobacco (LSE:BATS) share price rose 57.50 pence this morning to 3,520.00 following the release of its first half earnings report.  For lower-priced stocks that would be quite a leap, but with a share price in excess of 3,500, it amounts to about just over 1.5% The tobacco industry completely puzzles me.  I live […]

Was he notified by telephone? It would have been fitting. BT has announced the appointment of Joris van Oers to head its Benelux operations. Mr van Oers will be in charge of BT’s business in the Netherlands, Belgium and Luxembourg. In a statement the telecommunications giant said that “Joris van Oers has a strong background […]

International Personal Finance plc (LSE:IPF), may not make a lot of headlines, so that may “leed” some snootier investors to ignore the company based in Leeds.  Interestingly enough, IPF is one of the “leeders” on the London Stock Exchange today.  Its share price is the ninth “leeding” gainer by percentage and the seventh “leeding” by […]

Still months away from the deadline to settle claims for loss of earnings due to the infamous Gulf of Mexico oil spill, the embattled BP plc (LSE:BP.) said today that the US$20-billion Deepwater Horizon Oil Spill Trust fund has only US$300 million left and the oil giant expects that the remaining balance will be utilised […]

Barclays plc (LSE:BARC) announced earlier today it will have a rights issue to raise funds needed to fill the gap as a result of new capital quota mandated by the Prudential Regulation Authority (PRA). In a statement, the British bank said it will raise £5.8 billion worth of new shares for its existing shareholders at […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; This week looks like the point where July equity momentum may have started to flag. Having traded sideways 6550-6660 for a few weeks, looking like consolidating the sharp 11% 6000-6600 gains from end-June, we had expected this to serve […]

A long time ago, in a land far away (the U.S.), I learned that a company’s worth is not strictly quantitative.  Sometimes it is about “The Story.”  You see, vision is not something that can be quantified.  The numbers only tell you where you are on the road to reaching your vision.  Without a vision, […]

ARM Holdings (LSE:ARM) reported a 30% increase in pre-tax profit for their fiscal second quarter this morning.  ARM share price opened at 927.00, rose to 950.00 just after 11:00 am and held ground above the 940.00 mark just prior to the penning of this story.  Its double-digit growth was quite a contrast to some competitor […]

Imagine that you are a senior pharmaceutical executive.  The first thing you want to do is make certain, when you wake up in the morning, that you do not work for GlaxoSmithKline (LSE:GSK).  The second thing you want to do is look out the window and make sure that you are not in China, or […]