In 2022, the bank reported a 23% rise in net income to £7.1 billion from the year before. The company was formed in 2009 through a merger between Lloyds TSB and HBOS and serves more than 26 million retail customers. Lloyds Banking Group is a multinational British bank and financial services company headquartered in London and probably needs no introduction to those in the UK. Let's take a look at the top 5 penny shares in a bit more detail. Top 10 penny stocks UK to watch this year:Īs you can see in the list above, there are some very famous names trading as penny stocks in the UK whose share price is under £1. To get started you may opt to trade from a demo account so you can practice your skills in a virtual environment until you are ready to go live. Be sure to do more research and analysis and manage risk properly as investments will go up and down causing winning and losing trades. What could be the best UK shares for some may be different for others.īelow is a list of the top 10 penny stocks UK trading on the London Stock Exchange (LSE) to get started with. No one can truly know what the 'best' is beforehand as it is subjective. So, you have to be fast but make sure you do your research beforehand. Remember that some penny stocks don't stay there for long and can easily start to move higher if more and more investors are attracted to the stock. If you're looking for a quick list of some of the best penny shares to watch then keep on reading. However, be sure to read on as there is an important distinction between a company whose share price is low because they are early on in its overall business journey and a company that has been around for a long time but has a low share price. In general, the companies have very low share prices which makes them more volatile and are, therefore, seen as higher-risk stocks. What are penny stocks? A penny stock, or penny share, is defined as a publicly traded company whose stock or share price is trading for less than 1 GBP in the UK stock market, less than 1 EUR on European stock markets, or less than 5 USD on US stock markets.
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