Share Dealing News Lloyds Shares Top At TD Waterhouse Despite Oil Giants Creeping Up
Lloyds shares top at TD Waterhouse despite oil giants creeping up
24 May 2010 / by Lois Avery
Lloyds shares and the banking groups continued to dominate the buys and sells tables at TD Waterhouse this week even after oil shares soared.
Rockhopper was the third most bought and fourth most sold stock among TD Waterhouse customers as investors await results of the company’s oil discovery off the Falkland Islands.
Angus Rigby, Chief Executive Officer, TD Waterhouse said: “ The company said on it plans to make a further update in the next 10-15 days, including an estimate of the size of the discovery. Another firm to benefit from the ongoing speculation around the Rockhopper find was Desire Petroleum plc, which is looking for oil in the same region and was the tenth most bought and sold stock among our customers.”
Another popular choice was BP, which appears as the sixth most bought and sold stock due to ongoing fears about the long-term impact of the leak from one of its wells in the Gulf of Mexico.
He added: “The interest in oil and gas companies, however, could not move Lloyds Banking Group and The Royal Bank of Scotland Group from their grip on the number one and two positions in our top ten, accounting for a third of the most popular buys and a similar proportion of the sells.”
Elsewhere, Man Group entered the top ten after agreeing to acquire GLG for $1.6 billion to create the world’s largest hedge fund management company, while Vodafone Group moved up to seventh in the top ten buys as the company reported an increase in annual group revenue.
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