logo-loader
viewBT Group PLC

Market Report: Lockdown reality rattles global markets, but Lloyd's mortgage boom lifts London

FTSE100 steadied as investors mulled the new lockdowns in France and Germany and heavy falls in markets in the US overnight. London’s blue-chip index was up 4 at 5,587 at the open.

Lloyds Banking helped the mood as it reported a better-than-expected third quarter due to a boom in demand for mortgages. Pre-tax profits of a £1bn were twice market forecasts.

BT Group PLC (LON:BT.A) is also doing better than expected. The telecoms giant upped its profit guidance for this year and said it would be making at least £7.9bn annually by 2023.

Britain's car industry, though, has had its worst September in 25 years. Around 115,000 cars were produced during the month, 5% down on this time last year.

Among the small caps, Touchstone Exploration Inc (LON:TXP) has spudded the Cascadura Deep-1 exploration well onshore Trinidad and Tobago. The junior oiler started drilling ahead of schedule in what has been a hugely successful programme so far.  

Supermarket Income REIT PLC’s (LON:SUPR) rapid expansion continues with a Sainsbury's supermarket in Newcastle upon Tyne the latest addition. Costing £53mln, the site comprises a 68,000 square feet net sales area and purpose-built online fulfilment docks.  

Festive news for Live Company Group PLC (LON:LVCG), which signed new Christmas contracts with shopping centres in the UK. The entertainment firm will showcase its Elfie Christmas bundle in Birmingham and Santa's Express and Santa's sleigh in Luton.

Quick facts: BT Group PLC

Price: 116.8 GBX

LSE:BT.A
Market: LSE
Market Cap: £11.58 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Pan African Resources expands investor base with OTCQX upgrade, reveals...

Pan African Resources plc (LON:PAF) (OTCQX:PAFRY) CEO Cobus Loots tells Proactive that the South African-based gold-mining group upgraded to trade its shares on the OTCQX Best Market, because he feels the group has a lot to offer to US investors in terms of its profits, dividends, and growth,...

10 hours, 22 minutes ago

2 min read