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Lloyds shares drop position at TD Waterhouse

18 September 2009 / by Rebecca Sargent

Lloyds shares fell from the number one spot at TD Waterhouse last week as directories firm Yell Group crept up the leaders board.

Commenting, Angus Rigby, chief executive officer at TD Waterhouse said: "Yell Group has knocked Lloyds out of first position in the sells this week and rocked the banks' stronghold of the top ten buys by moving up an impressive five positions to become the second most popular stock to be bought this week."

In fact, Yell was so popular with TD Waterhouse share dealing customers that it accounted for 17 per cent of overall top ten trades. Mr Rigby adds: "Customers have no doubt been following news this week that institutional investors in Yell Group have agreed to shell out as much as £500million to revive the company on the condition that banks agree to relax lending terms."

According to reports, the cry for help by Yell Group will speed up its restructuring process.

Meanwhile, British rail network services company Jarvis and van rental company Northgate were newcomers last week, as both enjoyed positive news, prompting share dealers to scoop up low priced shares.

Jarvis received an offer from a potential buyer, which boosted its shares by as much as 50 per cent, while Northgate re-entered the FTSE 250, marking a "useful boost at a crucial time for the group."

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