Lloyds has reported £2.1bn profits for the 6 months ending June 2013 despite the £500m charge for mis-sold PPI, leading to around 8% gains the share price to a high of 74.119 so far today. A shares sale is anticipated shortly with an expected worth of around £5bn- although the UK Government was quick to say that no timetable was in place yet and no target share price is being offered. To further bolster confidence, the bank has assured investors that there will be no need to raise funds for the additional capital requirements unlike its competitor Barclays. A drop in the Shell share price of over 4% today due to a $700m hit on the Q2 profits has been blamed on troubles with the Nigeria operation, Oil thefts and a weakening AUD tax implications. The adjusted second quarter net earnings, which has taken this into account, has fallen well below analyst’s expectations at €4.6bn , down from $5.7bn a year ago. Aggreko has posted a 4% increase in its H1 revenues which has been driven by its strength of operations in America. However, profits have been let down by continental Europe, as well as its power projects, which has seen Group profit before tax falling by 2% to £144m. The markets has reacted negatively to revenue growing in line with expectations, which saw the share price plummet by nearly 8%to a low of 1638.68, before picking up slowly as the market reads through the announcement in a bit more details, which includes interim dividend payment of 9.11 pence per share. This morning we see another fund manager on the rise as Jupiter PLC trades over 7% higher after a strong fund performance in the first half of 2013 and a 40% increase in its interim dividend. This follows a very good day for the sector yesterday with three companies all reporting numbers that beat analyst expectations. Traders should show caution however as the smoke screen of the dividend payment hides figures that show RDR has actually caused a drop in inflows compared to the final six months of 2012, it will be interesting to see how the share price reacts over the day as these figures are fully digested . We have interest rates announcements from both the BOE and ECB to keep an eye on today although fireworks are not expected with Draghi having already stated his intentions and Carney due to provide more clarity next week.CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.


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