Lloyds Banking Group has delivered strong half-year results, according to Citigroup, which gives the bank a “buy” recommendation. Citi said that Lloyds is well ahead on strong margin expansion and believes that the full year consensus for the bank’s combined businesses before tax profit is likely to settle in a range of £3.2bn to £3.6bn.
LEGAL & GENERAL
Legal & General’s (L&G’s) higher than expected profits, strong cashflow, dividend growth and improved disclosure on some of the main risk areas are some of the highlights for Bank of American Merrill Lynch (BoAML) which suggests a “buy” on the group and said that L&G is one of the best performing life stocks in the sector.
UBS maintains its “buy” recommendation on British Land and believes that the property group remains well placed to make significant accretive acquisitions. British Land reports that it is seeing more properties come to the market and is optimistic that it can make attractive investments as the market restructures, according to UBS.