Company
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
1376 stories · page 10 of 14
Shareholders of the FTSE 100-listed lender were quick to vent their anger over issues from fraud to the mistreatment of small businesses and the rates it charges "vulnerable" mortgage borrowers, the newswire said
Investments and investor services
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
Terra Firma bought the business – then known as The Garden Centre Group - in March 2012 from Lloyds Banking Group PLC in a deal that valued Britain’s then largest garden centres operator by revenue at £276mln
It's all speculation at the moment and the story in The Times might just be running the idea up the flagpole to see whether anyone salutes it and, if so, with how many fingers
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Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Lloyds will make a pre-tax loss of £110mln on the sale of the portfolio, which will be recognised in its first half results
“UK banks are not a focus for us because of UK consumer weakness and corporate spending concerns sparked by Brexit," said Martin Currie's Mark Whitehead
TSB was "playing fast and loose with the customers and also with their reputation", according to Labour MP John Mann
Hardware & electrical equipment
If BT's handsome divi is supporting the BT share price, how come it has lost more than a third of its value since Gavin Patterson took over in 2013?
Challenger banks have managed to take some customers away from the big players, but analysts reckon they might have to gang up if they’re to pose a more serious problem for Barclays, RBS and co
Standard Life Aberdeen is in talks to try to resolve its dispute with Lloyds
Lloyds has also been closing branches as more customers switch to online and telephone banking
The bank's outlook continues to be overshadowed by the impending settlement with the US Department of Justice
TSB has warned issues with its online banking system may not be fully fixed until next week
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Litigation and conduct costs have held back RBS from resuming dividend payments and returning to private ownership
In a note to clients, analysts at Deutsche Bank trimmed Lloyds' target price to 76p from 78p but retained a ‘buy’ rating on the stock
A rise in impairment provisions is “slightly troubling given a fairly benign economic backdrop", said Richard Hunter, head of markets at Interactive Investors
A look at some of the biggest risers and fallers in London on Wednesday
Lloyds took a £90mln hit related to claims for the payment protection insurance mis-selling scandal
Resource stocks suffer as US dollar makes headway on forex markets
Nicky Morgan, the chair of the Treasury Committee, wrote to the TSB boss demanding answers to the IT chaos
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Day ahead includes first-quarter updates from blue chip firms Lloyds Banking Group, GlaxoSmithKline, Whitbread, and Persimmon ...
Meggitt said this transaction is consistent with its strategy to focus on business of scale in attractive markets where its leading positions offer greater potential for growth and operational efficiencies
TSB said on Monday afternoon that it was still experiencing "intermittent issues" with its services
Investments and investor services
FTSE 100 closed around 30 points higher at 7,398 on Minday
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The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
Investments and investor services
Thursday looks a pretty busy day for investors with a number of important updates due.
Lloyds said the branch and job cuts are part of its plans to focus on improving its digital offering
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Week Ahead includes trading statements from Primark owner Associated British Foods, Debenhams, and JD Sports, plus Q1 numbers from Unilever, Reckitt Benckiser and Rentokil Initial
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After an up-and-down day, the FTSE 100 finished in positive territory after a late surge
The German’s bank’s analysts said they expect margin pressures will remain the main area of focus for the UK domestic lenders, amidst clear signs of competitive pressure on mortgage pricing
Credit Suisse’s analysts said they had raised their earnings per share forecasts for Lloyds’ by 1%, 4%, 6%, respectively, for the period between 2018 and 2020, pointing to the bank’s improved loan impairment guidance
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
Aberdeen Standard Investments (ASI) will buy 50% of Virgin Money Unit Trust Managers for an upfront payment of £40mln, with the deal due to complete at the end of 2018
In a note to clients, BarCap’s analysts said they had started Lloyd’s with an ‘overweight’ rating and a 90p price target, and RBS also with an ‘overweight’ and 310p target price
The German bank's analysts think Lloyds’ 2020 targets imply earnings per share of 8.5p, which would put the bank on 8 times target earnings, against the sector average estimate of 9.6 times.
Deutsche Bank raised its rating on the stock to 'buy' from 'hold' and lifted the target price to 440p from 410p
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Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
The deal will see the FTSE 100-listed firm get a cash payment of £2.28bn and new shares in Phoenix equivalent to a 19.9% stake in the FTSE 250-listed firm
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Day ahead includes full-year numbers from FTSE 100-listed Royal Bank of Scotland Group PLC, Standard Life Aberdeen PLC, Pearson PLC, and FTSE 250 bookmaker William Hill PLC
Investments and investor services
In London, the FTSE 100 closed down around 29 points at 7,252
"A shock to the domestic economy would be keenly felt by the bank," said Hargreaves Lansdown's Laith Khalaf
Lloyds reported its highest pre-tax profit since 2006 but it fell short of market forecasts
Investments and investor services
The premier UK share index closed up around 24 points at 7,281.
The numbers are not expected to contain too many surprises - which will come as a merciful relief to Lloyds' shareholders - but the bank's strategic review might provide some talking points
Investments and investor services
The minister responsible for Britain's exit from the EU, David Davis said the UK would lead a “global race to the top"
Archive
Day ahead includes the start of the UK banks reporting season with full-year numbers from HSBC Holdings PLC, plus finals from InterContinental Hotels Group PLC, and interims from Dunlem Group PLC
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Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
Standard Life Aberdeen expects to take a £40mln hit following the decision by Lloyds to pull the funds
Investments and investor services
The UK's blue-chip index closes up 20.84 points to 7,234.81
Britain’s Serious Fraud Office charged the lender with unlawful financial assistance
Investments and investor services
The index of blue-chip shares eased off a little in the final half-hour
Bitcoin fell to its lowest point since April 2013 on Friday as regulators crack down on trading of digital currency
Credit Suisse repeated an ‘outperform’ rating on Lloyds and raised its target price to 85p from 80p
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The new intake to the "Dogs of the Footsie" contains some stocks that, infamously, have slashed or cut their dividends in the past, and some that look likely to do so in the future
Deutsche Bank repeated a 'buy' rating on Lloyds and Barclays and raised its target price on both stocks
The dollar's revival did not last long, and although a weak dollar is regarded as being detrimental to the FTSE, the top-shares index still managed a 50 point gain
Reuters reported that Lloyds this month filed an application with Germany’s financial regulators to convert its local branch into a subsidiary, which will enable it to keep its continental operations within the EU, unaffected by Brexit
Shareholders are said to be considering taking legal action against Carillion
Lloyds said it would provide a £50mln fund for small businesses within Carillion's supply chain
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The fall-out from the Carillion collapse continued, the US market saw more volatility, meanwhile, Bitcoin continued to slump testing US$10,000.
Carillion's contracts, joint venture partners and lenders are hanging in the balance after confirming its collapse
The US investment bank raised its stance on RBS to ‘overweight’ from ‘equal-weight’ with an increased target price of 330p from 265p, with the shares trading at 288.6p
Investments and investor services
If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
Interest rates may have risen a touch but so has inflation (in the UK at least) and high yielding and safe(ish) dividends are in demand more than ever
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
Prime Minister Theresa May has secured a deal with European Union to move Brexit talks onto the next phase
Shares in Lloyds, RBS, Barclays and HSBC rose after the Basel Committee ended a year-long deadlock on bank capital rules
Under the terms of the sale to Hengli Investments Holding, Lloyds will lease back the 25 Gresham Street building, which it has occupied since its construction, for the next 20 years
Goldman Sachs cut its target price on Lloyds by 4% to 53p and repeated a ‘sell’ rating on the stock
The Financial Reporting Council said in September it was closing its investigation into the audit, saying it had found that KPMG's work for HBOS "did not fall significantly short of the standards reasonably to be expected"
Lloyds has been closing down branches in response to less in-store visits as more consumers turn to convenience of online banking
Analysts believe Lloyds may need to raise its capital ratio target after suffering a larger drawdown in this year's stress tests
Investments and investor services
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
Some of the biggest risers and fallers in London on Monday
All UK lenders passed the central bank’s test for being able to withstand another financial crisis
Investments and investor services
London's FTSE 100 closed the day sharply higher, up over 1% to 7,460
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Day ahead to include latest BoE stress test results from UK banks, and updates from specialty retailers Topps Tiles and Pets at Home
The key takeaway for Lloyds will be the extent to which a net drawdown implies a Pillar 2B capital requirement
RBS will be in focus in this year's stress test after the government revived plans to sell its stake in the lender
Lloyds is best placed to handle higher capital requirements by the Bank of England and will meet or exceed consensus dividend expectations for the year, said JP Morgan
Lloyds will add 0.15% to its savings rates, including its Cash ISA
The government-backed savings provider said rates will rise across its variable product range in a "welcome boost" to savers
“Banks have rebounded strongly since the dust settled on the fallout from the UK’s EU membership referendum. However, we see the risk as being more balanced over the next couple of quarters”
The blue-chip index finished the day above the 7,500 level
Barclays' shares took a spanking today, with the stock tumbling by almost 7%, chopping around £2bn from the bank’s market value
“We also believe that the group is well placed to increase DPS further to 5p in 2018 given its strong capital generation, which implies a yield of 7.4%”
Michael Hewson, chief market analyst at CMC Markets UK pointed out that, while leaving its PPI provisions unchanged, Lloyds increased its impairment provision in the third quarter to £270mln, which was slightly above what markets had been e
Laith Khalaf, senior analyst at Hargreaves Lansdown said: The blue chip lender is “not going to go anywhere particularly fast, but that does mean there’s less chance of a crash along the way”
Lloyds which has had a strong stretch of profit growth is facing mounting risks from its exposure to unsecured lending
Investments and investor services
The UK blue chip index closed down 1.05% to 7,447 as the pound strengthened after better-than-forecast UK GDP
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PPI, the HBOS acquisition and now the prospect of a rate rise hitting the mortgage market; it's all a bit of a trial for Lloyds
Former Financial Services Authority chief Sir Hector Sants is due to give evidence in December
Around 4pm, the UK blue chip index was up about 8 points to 7,531
The week ahead includes third quarter earnings from Lloyds, Barclays and RBS along with trading updates from Shire, IAG and GSK
A look at some of the biggest risers and fallers today in London
About 6,000 shareholders are suing Lloyds over the ill-fated takeover of HBOS in 2008