Share Dealing News Lloyds Shares Bounce Back As Top Sell At TD Waterhouse

Lloyds shares bounce back as top sell at TD Waterhouse

30 November 2009 / by Rebecca Sargent

Following the bank charges shock result last week, banks accounted for 50 per cent of the week’s trading at TD Waterhouse, with Lloyds shares topping the sells.

Commenting, Angus Rigby, chief executive officer at share dealing company TD Waterhouse said: “Fresh from winning a landmark court battle, in which the Supreme Court rules that the OFT (Office of Fair Trading) cannot investigate whether overdraft charges are unfair, the banks have once again strengthened their position in the top ten.

Lloyds shares accounted for 25 per cent of the top ten sells following its rights issue pricing. The banking giant is currently 43 per cent taxpayer owned, and it is believed that the Treasury is taking up its rights by investing £5.7billion as an underwriting fee.

Other movers and shakers in the TD Waterhouse charts last week included the supermarket Morrison’s as it crept into tenth place in the buy charts following a share fall of four per cent as chief executive Marc Bolland resigned.

Meanwhile, systems biology company Physiomics entered the top ten for the first time as the company revealed that Energiser Investments has an interest in 50,000,000 ordinary shares.

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Written by Editorial Team