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    LLOY   GB0008706128

LLOYDS BANKING GROUP PLC

(LLOY)
  Report
Delayed London Stock Exchange  -  05/25 11:35:46 am EDT
44.29 GBX   +0.64%
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UK shares flat in short holiday session

12/24/2021 | 04:49am EDT
FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 heads for best monthly performance in a year

* No London stocks report on Dec 27, 28 due to holidays

* FTSE 100 and FTSE 250 flat

Dec 24 (Reuters) - UK shares closed nearly flat in light pre-Christmas trading on Friday, but posted strong weekly gains on hopes the global economy can weather the impact from the Omicron coronavirus variant.

The blue-chip FTSE 100 index, which was flat at 7372.10 at the close of a shortened trading session, is on track for its strongest monthly performance in almost a year as a surge mining and banking stocks helped investors to look past soaring Omicron cases.

Shares of heavyweight banks including HSBC, Barclays, Standard Chartered and LLoyds Group have all benefited after the Bank of England raised its interest rate to 0.25% from a record low of 0.1% for the first time since the pandemic.

"The FTSE 100 has not had as stellar a year as some, but the recovery of 7,400 today puts it in good stead for the year ahead," said Chris Beauchamp, chief market analyst at IG Group.

"A run at the pre-pandemic highs could still be possible if Omicron concerns can be kept under control and earnings continue to recover in the fashion they have throughout 2021."

The mid-cap index was subdued at the close on Friday but logged its strongest week since early August, as travel and leisure stocks rose strongly in December.

The British government said on Thursday there is a lower likelihood of hospitalisation for those infected by Omicron versus the Delta strain, but the variant's higher transmissibility may still lead to significant numbers needing hospital treatment.

"The Prime Minister has said that there will be no new restrictions before Christmas but the widespread expectation is that some will be introduced in the days immediately after that," said Klaus Baader, global chief economist at Société Générale.

Building materials business CRH edged up 0.6% after announcing a shares buyback of $300 million. British markets will remain shut for Christmas and Boxing Day on Monday and Tuesday.

(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Devika Syamnath, Uttaresh.V and Jane Merriman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC 0.97% 164.36 Delayed Quote.-12.36%
CRH PLC 2.18% 37.94 Real-time Quote.-20.18%
FTSE 100 0.51% 7522.75 Delayed Quote.1.35%
FTSE MID 250 INDEX 0.42% 19934.04 Delayed Quote.-15.42%
HSBC HOLDINGS PLC 0.77% 522.9 Delayed Quote.16.19%
IG GROUP HOLDINGS PLC 0.70% 716 Delayed Quote.-11.93%
LLOYDS BANKING GROUP PLC 0.64% 44.29 Delayed Quote.-7.34%
RECKITT BENCKISER GROUP PLC -0.29% 6212 Delayed Quote.-2.05%
STANDARD CHARTERED PLC 0.32% 617.6 Delayed Quote.37.73%
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Financials
Sales 2022 17 166 M 21 555 M 21 555 M
Net income 2022 4 199 M 5 273 M 5 273 M
Net Debt 2022 - - -
P/E ratio 2022 7,16x
Yield 2022 5,29%
Capitalization 30 446 M 38 230 M 38 230 M
Capi. / Sales 2022 1,77x
Capi. / Sales 2023 1,76x
Nbr of Employees 57 955
Free-Float 99,7%
Chart LLOYDS BANKING GROUP PLC
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 44,29 GBX
Average target price 60,68 GBX
Spread / Average Target 37,0%
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Managers and Directors
Charlie Nunn Group Chief Executive Officer & Executive Director
William Leon David Chalmers Chief Financial Officer & Executive Director
Robin Francis Budenberg Chairman
John Chambers Group Chief Information Officer
David Gledhill Chief Operating Officer
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