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Lloyds shares continue to attract TD Waterhouse customers

09 November 2009 / by Rebecca Sargent

Shares at Lloyds Banking Group were popular once again with TD Waterhouse customers last week, after it revealed it had managed to slip free of the Government's Asset Protection Scheme.

The announcement of the restructuring of Royal Bank of Scotland and Lloyds had the opposite effect on RBS, as its shares began to slump following the news that the Government's share had increased to 84.4 per cent.

Meanwhile, overall share dealing at TD Waterhouse surged by another 12 per cent last week, as companies such as international directories company Yell Group climbed the top ten buys and sells tables.

Commenting, chief executive officer at TD Waterhouse, Angus Rigby said: "Last Friday (30 Oct) Yell shares jumped as much as 15 per cent as the directories company awaited acceptances from the final two lenders for its £3.8billion debt refinancing plan to go ahead." 

The deal was completed last Monday as more than 300 banks backed the restructuring of the group's loans. The group is also expected to reveal a £500million rights issue this week, although market analysts are sceptical that the cash call will be enough to see it through, as the company has around £4billionb worth of debt.

Other companies to feature in the top buys and sells at TD Waterhouse last week included Aviva following its reports that life and pension sales were in line for the first nine months of 2009.

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