Lloyds Shares Gain After Bank Buyback and BoE Rate View
Lloyds Banking Group plc rose in London on Tuesday, gaining 0.80p, or 0.78%, to finish at 103.40p on the bid and 103.35p offered. The stock changed hands between 102.65p and 104.05p. Lloyds is trading below its 52-week high of 112.60p, though it’s off the lows of 73.54p set this year. Investors are focused on share buybacks, the last round of results, and moves from the Bank of England. Lloyds did another share buyback. The bank said in a June 16 RNS it bought 5 million ordinary shares on June 15 from Goldman Sachs International, paying prices from 102.15p to 103.9p each. These shares will be cancelled, trimming the share count and possibly boosting earnings per share. The operating numbers are