Lloyds Banking Group gains on share pricing
November 24, 2009 ???? Lloyds Banking Group gains on share pricing by Elaine Frei European equities markets were lower Tuesday after a revised report on the US gross domestic product showed that it did not grow as much as thought in the third quarter, rising only 2.8 percent rather than the earlier estimate of 3.5 percent growth. The FTSE 100 was 0.59 percent lower in London, while the FTSE 250 fell 0.96 percent to 9,181.18 as banks and miners saw declines. Lloyds Banking Group (LSE: LLOY) was the best performer on the 100 and the only gainer in the London banking sector as it added 2.56 percent after announcing the price if its new shares at 37p each, while Royal Bank of Scotland (LSE: RBS) turned in the worst performance on the 100 and in its sector with a decline of 3.96 percent. The biggest loser in London came from the mining sector as Ferrexpo (LSE: FXPO) dropped 9.86 percent on the 250 as metals prices declined. Other miners seeing declines included Aquarius Platinum (LSE: AQP), which was down 5.8 percent on the 250 while over on the 100, Vedanta Resources (LSE: VED) was 2.65 percent lower, Rio Tinto (LSE: RIO) fell 2.85 percent and Kazakhmys (LSE: KAZ) dropped 2.95 percent. The biggest gainer in London was healthcare products manufacturer SSL International (LSE: SSL), which added 7.14 percent to lead gainers on the 250.
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Lloyds Banking Group gains on share pricing
