END-OF-DAY MARKET REPORT

Headline shares closed marginally lower, with stellar performances from Lloyds56.93p +2.34p, Wolseley and Sainsbury
just failing to tip the balance, sentiment dented by a weak US start.

Plenty of downs but UP again




Try not o fall into the trap ( shorters )

From the Daily EXPRESS

LLOYDS RIDING LENDING GROWTH ----Friday January 8,2010

HOPES for growth in mortgage and corporate lending and falling arrears pushed Lloyds Banking Group firmly into the black yesterday.

Shares in the black horse lender galloped 2p ahead to 57p as UBS told clients to buy with an 80p price target.

The broker added: New business margins are high, house prices are rising modestly and arrears are falling. We expect mortgage lending to the big banks to grow; the backdrop for corporate lending is similarly benign. Under current rules, the banks would likely see 2010 as an attractive time to put new UK business on the books.

UBS also boosted the fortunes of plumbing and heating supplies group Wolseley, up 49p to 1410p, citing the improving trends in the companys UK and Nordic operations and a possible positive catalyst from a strategic review in March.

Bid favourite life and pensions group Legal & General was 1p richer at 81p as broker Nomura argued that solvency concerns were overdone.

Vodafone Group reverse charged 3p to 138p as dealers pointed to downbeat comments from its US mobiles business partner Verizon Communications.

Despite crude prices slipping slightly from a 15-month high above $83-a-barrel, blue chip oil and gas explorers Cairn Energy and BG Group advanced 8p to 355p and 28p to 1191p.

AstraZeneca received a 35p shot in the arm to 2910p after a US patent settlement protecting its top-selling ulcer treatment Nexium from immediate generic competition.

A buoyant housebuilding sector failed to translate into gains for other consumer-related stocks such as retailers, with fashion rivals Next and Marks & Spencer dropping 42p to 2059p and 6p to 371p.

Mid-cap groups Kesa Electricals and Game Group were marked down 5p to 146p and 2p to 105p. The FTSE 100 Index eased 3.32 points to 5526.72.

Just drop my holding on this:

"Digital Look

Lloyds Banking Group is facing a loss of at least 200m after Kilmartin, an HBOS-backed property company, went into receivership. Directors of Kilmartin Holdings, a Scottish group founded by Iain Wotherspoon, the property entrepreneur, handed over the company to PricewaterhouseCoopers (PwC), the accountant, yesterday, along with Kilmartin Property Group. Annfield Assets, another subsidiary, has gone into administration, the Times reports.

Lloyds Banking Group is facing a loss of at least 200m after Kilmartin, an HBOS-backed property company, went into receivership. Directors of Kilmartin Holdings, a Scottish group founded by Iain Wotherspoon, the property entrepreneur, handed over the company to PricewaterhouseCoopers (PwC), the accountant, yesterday, along with Kilmartin Property Group. Annfield Assets, another subsidiary, has gone into administration, the Times reports. "

Fred has done it again 1st robing the RBS shareholders and now double posting the same article.

The stupid C#nt have just done a "copy and paste" without reading what is posting

Cripple what is your plesure? says the Emperor

RSI,

Charming as usual.

I didn't think you would notice.

I did think you jumped the gun fred.

Bale,

I am using SBs and can always re-enter when the market decides. There is usually something in the market worth a punt.

I made a few bob and wished to keep it, but when I bought, I thought I would have sold at a higher price.

Trying not to be as cocksure or greedy.

Post edited by MoneyAM

RSI,

Have you had a bad day again, or is your beer sour.

I would expect, when you are walking down the road and others see you, they cross to the other side of the road to avoid you.

Perhaps, it is just your nature to be offensive.

I wonder why.

Virgin enters UK banking sector08-01-2010 08:36

Richard Branson's Virgin Money has stepped up its plans to move into the UK mortgage and savings market with the acquisition of a private regional lender.

Virgin Money is to pay around 12.3m for Church House Trust and will inject another 37.3m of new capital into the Somerset-based bank. The Financial Services Authority has already approved the deal.

Branson has long been trying to break into the UK retail banking sector. His Virgin empire tried to buy Northern Rock two years ago and recently registered it interest in buying the 'good bank' part of the nationalised lender.

'The Church House Trust business offers us a strong platform for growth. Virgin Money aims to bring simplicity to the UK banking market, which has traditionally been a complex sector,' he said.

Virgin Money chief executive Jayne Anne Gadhia added: 'The financial crisis has tarnished the reputation of many UK banks. Virgin Money will provide a better, different form of banking to its customers, increasing competition in the sector.'

'Our approach to banking is founded on developing a sustainable, savings-based business. We see the acquisition of Church House Trust as a strong and sensible first step in delivering Virgin Money's banking ambition.'

Virgin Money, which operates from Edinburgh, London and Norwich, currently has over 2.5 million customers and offers payment cards, savings and insurance products.

Fred - wouldn't surprise me if the bank has first call on the bones and earns fees in winding up.

edited by moneyam

mrsi
you are disgusting

jkd

But you forgot to say ...........BUT I LIKE IT


By the way, do not tell lies at the ........TALK youself thread

You posted there first and then here, and yet you said there the other way round - 23:17 here and 22: 49 there


jkd - 10 Jan 2010 22:49 - 8018 of 8018
since this is the talk to myself thread i expect no answer. the latest post on the Lloy thread disgusts me so i have posted another
regards
jkd

mrsi
i do not tell lies, what you say is true, i did post there first, and what you say is so, i own up. it all happened in minutes,
i do NOT like it.YOU are Disgusting.
edit and that is MUCH longer than it takes minutes to change and add.
jkd

go read the Talk To Yourself thread and discover the TRUTH of all of this
regards
jkd

Master RSI. Our moderators have removed two of your postings for personal abuse and MoneyAM has now sent you an email.

The Bulletin Boards are an area for stock and investment discussion not a playground for personal abuse.

Three cheers for MAM