However, Mr. Gordon said: "we now see increasing barriers to sustainable outperformance. "These barriers include loss reported in the second half of 2010, exceeding the Bank Commission independent, mixed UK growth, falling prices of real estate, continues financing and regulatory uncertainties, PPI claims, base rate LIBOR spread expansion set and the effect of"glass ceiling"of 40 FP6 from the British Government".
The analyst concluded that Lloyds remains first and foremost, "just a story cost and disability". Accordingly, Lloyds lose 1½ to 68.1%.
Mr. Gordon prefers Royal Bank of Scotland, decrease of 0.4 to 42.2 percent and Barclays, which gave up 4.4 percent 306.6
Elsewhere in the sector, HSBC has lost 703½p despite RBS "buy" upgrade 6.2 Says RBS analysts: "financial delivery of HSBC in the United States and Asia should improve that retrieves the growth the country economic and policy rate increases." He also enjoys the deterioration in the relative cost of funding for many European competitors. Strategic issues remain, but should not prevent a re-rating of fairness.
Autonomy took the wooden spoon after a Standard & Poor (S & P) downgrade to "hold". S & P said that he saw always the prospect of an acquisition as a positive catalyst probably this year. However, the absence of a positive pre-announcement by autonomy so far, the results of the fourth quarter of 2010 may be consistent or even just below consensus. As a result, the market will be be left disappointed. P £ 14.65 78 dragged autonomy.
GlaxoSmithKline tempered p 20-£ 12.05 after it said it will record a charge of £ 2 for the fourth quarter, MD effectively eliminating profits, as he settled some debts for Avandia diabetes drug-related and sales practices.
Mining stocks were generally disgrace as metals prices headed southward. Kazakhmys has waived 24 p to £ 16,16 while Xstrata declined 18½p to £ 14.76.
Among precious metals mining companies, African Barrick Gold cast a 10½-564 p despite Morgan Stanley increases its price target to 750 p a share. Broker has enhanced its price gold long term forecasts by 21pc $ 750 an ounce to $905 an ounce. In the doldrums, Fresnillo lost also 53% to £ 14.39.
The London Stock Exchange (LSE) slipped 1 at 880½p. Although Citigroup downgraded to "sell" shares, the broker has raised its price target to 810 p. "We believe that current assessment fully reflects the strategic progress that LSE has to this day and its potential for future growth," said analysts to the broker.
More positive tack, Vodafone has received a boost by Nomura raising his price target to 220 p. Broker pointed out that, in the tour of the company, Andy Halford, CFO, stated that iPhone deal from Verizon Wireless would be extremely well received in the U.S. market.
Actions have also benefited from renewed chatter that the Telecommunications giant is close to agree on an agreement to sell its stake in the mobile operator French SFR for 7bn €44pc billion €. Friday, the CEO of Vivendi said it would soon be able to enter into talks with Vodafone to buy the rest of SFR, as it is now weeks away from complete sale of. 8bn $ 5 its 20pc stake in NBC Universal. Vodafone reaches 3 175 p.
Smiths Group has jumped to the top of the "VIP" following confirmation, he rejected one. £ 2 5bn Apax offers for its medical devices division. Actions reinvigorated up to 99% to £ 13.64.
Rumours of renewed bid RSA has given a lift. The shares rose 1 to 134.9 p.
Among the second cruise, Michael Page and Hays passed on the back of an optimistic note from Morgan Stanley. David Hancock, Morgan Stanley analyst said: "We see a good entry point in our top pick staffing... with stocks having a pause for breath in 2011 despite commercial encouraging updates." Michael Page has acquired 19½ to 528 p while Hays added 1.4 to 126.8 p.
Salamander energy established 9.7 282.1 chosen as traders percent up on the fact that Charles Jamieson, Chairman, and two non-executive directors purchased a significant amount of shares later Friday. The company also announced this morning that spud a new well in the North is the Thailand.
Property company stir-fry Minerva 13 100 percent as merchants obtained its first opportunity to respond to the confirmation that the company received a takeover approach. Possible contenders are expected to include U.S. private equity giant Blackstone and British Land, down 7 to 520½p.
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