FTSE 100 unchanged as pound jumps on Brexit hopes
The FTSE 100 index was less than a point higher at 7,523, well below the session peak of 7,560.04.
Company
Lloyds Banking Group PLC
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 11 of 14
Lloyds 'mugged' shareholders during ill-fated takeover of HBOS in 2008, court hears
The first day of a London high court trial against Lloyds over its takeover of HBOS started today
Virgin Money shares gain as it reports growth in third quarter mortgage and credit card lending
Virgin Money expects to reach its target of £3bn in card card balances by the end of 2017 as consumer lending in the UK continues to boom
Lloyds to buy Zurich's UK workplace pensions and savings business
Lloyds said the deal will enhance its offering at its pensions business Scottish Widows
Profit warning weighs on Renold; Digital Barriers, Ironveld fall
A look at some the biggest risers and fallers in London today
FTSE 100 closes at record high bolstered by weak pound on Brexit talks 'stalemate'
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
RBS and Lloyds boosted by Credit Suisse upgrades with 'soft' Brexit expected
Credit Suisse believes there is “too much pessimism” about UK lenders and expects a 'soft' Brexit
FTSE 100 closes higher as Catalan president's speech in the spotlight
The UK benchmark finished the day at 7,538, up 30.38 points
Barclays Capital remains bullish on Lloyds and Virgin Money, says mortgage pressures for UK banks are easing
The BarCap analysts pointed out that while the volume outlook is subdued, credit quality is also relatively benign, so modest mortgage repricing and subdued growth should support the sector’s earnings outlook
Royal Bank of Scotland and Lloyds Banking Group boosted by American investment bank's interest rate call
Already the mood music from the Bank of England has led to a steepening of the yield curve
Lloyds to transfer about 1,000 insurance division staff to a subsidiary of India’s Tata Consultancy Services
Trade union Unite said staff at Scottish Widows and Clerical Medical in Edinburgh and Bristol will be transferred to the new company, although no time frame has been given for the move
UK accounting watchdog clears KPMG over audit of collapsed lender HBOS, rescued in 2008 by Lloyds Banking Group
HBOS – the merged Halifax/Bank of Scotland group - had been one of the UK’s biggest lenders but required emergency government assistance to keep it afloat during the financial crisis, and the taxpayer ended up taking a 42% stake in Lloyds a
Virgin Money boss warns on threat of cheap loans to mark anniversary of Northern Rock collapse
Lloyds and Barclays are the most exposed to the risks facing the rapid growth in consumer credit, according to Societe Generale
FTSE 100 trims losses
The FTSE 100 retreated as investors worry about Hurricane Irma, while mixed economic statistics raised fresh concerns over the UK economy.
Lloyds most complained about bank in first half, Financial Ombudsman reveals
Lloyds and its units received 38,609 complaints during the first half, according to the Financial Ombudsman Service
Lloyds' former risk officer initially refused to sign off on HBOS loan facility, lawsuit alleges
Lloyds has denied claims that it failed to disclose a £10bn loan facility to help keep HBOS afloat
Former Lloyds CEO Eric Daniels sues for unpaid bonuses
Former chief executive, Eric Daniels, played a central role in the ill-fated takeover of HBOS and the payment protection insurance mis-selling scandal
Lloyds rated 'buy' at UBS despite its results failing to ignite shares
UBS notes that second quarter numbers for UK banks beat market consensus by 13%,
Lloyds plans to take bigger slice of wealth management market under new strategic plan
Lloyds wants to capitalise on its position as the UK’s only integrated high street bancassurer
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
Lloyds, RBS and Barclays first half results highlight ongoing struggles with past misdeeds
Lloyds, RBS and Barclays continue to be bogged down with the task of tidying up their past transgressions
Lloyds unlikely to report revenue growth past 2017, Berenberg warns
Lloyds is exposed to risks of a slowdown in consumer credit and conduct issues, Berenberg said
Lloyds, RBS and HSBC face hit to revenues as UK watchdog considers ban on overdraft fees
Unarranged overdraft fees generated about £1.2bn of revenues for banks in 2014, according to the CMA
FTSE 100 fagged out as US Food and Drug Administration targets nicotine levels in cigarettes
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
Lloyds under the cosh as analysts expect PPI saga to drag on
Lloyds has two more years of the PPI storm to weather with the financial regulator's deadline for claims set at August 2019
Archive
BT Group update eyed after regulatory reprieve; legacy issues key for Barclays
Day ahead: First quarter update from BT Group PLC, second quarter results from Barclays PLC ...
Lloyds reports biggest half-year profit in eight years but shares drop as PPI storm rages on
Lloyds has set aside a further £700mln for payment protection insurance claims and is still reviewing compensation for victims of the HBOS Reading fraud
Archive
Lloyds to report strong quarterly figures in first results since government sold remaining stake
Lloyds Banking Group and Royal Dutch Shell are among a slew of companies reporting earnings on Thursday
Investments and investor services
Patience still a virtue for Aurora Investment Trust
Aurora is now worth £70mln, from £15mln, when Phoenix was appointed in January 2016
Noel Edmonds raises compensation claim against Lloyds to £300mln over HBOS Reading fraud
Noel Edmonds has accused Lloyds of trying to keep compensation pay-outs for HBOS Reading victims at a minimum
Lloyds sparks outrage as it compensates just five victims of HBOS Reading fraud
The government is "very concerned" about how Lloyds has carried out its review of compensation claims for the HBOS Reading fraud victims, Lord Cromwell said
FTSE 100 ends lower but European shares fare worse
London stocks were on the front foot this morning, but they quickly retreated this afternoon...
Archive
Remember the past when you cash your Lloyds Bank dividend
It has taken years, but confidence seems to have returned fully to the bank sector.
Lloyds in talks to lease new London office as part of cost-cutting plan
Lloyds plans to consolidate its London offices in an effort to save £100mln
Lloyds gains as Jefferies reiterates 'buy' and hikes target price on expected dividend growth
Jefferies sees potential for shareholder returns of 9% in Lloyds for fiscal year 2017
Lloyds announces shake-up of overdraft fees for retail customers
Lloyds will scrap fees for retail customers who fall into unplanned overdrafts from November
Morgan Stanley expects higher UK house prices to boost Lloyds
The US financial services giant is upbeat about the prospects of the UK housing market and expects Lloyds, as the pre-eminent mortgage lender in Britain, to benefit
Lloyds Banking: Potential successor to chief executive departs in management shake-out
Horta Osorio has been tipped as a successor for HSBC chairman Stuart Gulliver when he leaves next yea
Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
Lenders told by Bank of England to justify consumer credit surge
The Prudential Regulatory Authority cautioned that lending for consumer credit – cars, personal finance and credit cards – had become too relaxed
Lloyds misses deadline for compensating HBOS Reading fraud victims
Lloyds is offering all the victims of the HBOS Reading fraud £35,000 each to cover bills and expenses
Co-op Bank lives to fight another day as it agrees £700mln rescue deal
Existing investors have agreed to pump another £700mln into the loss-making lender
Lloyds and Virgin Money are the ‘preferred’ stocks in the sector – Barclays
The BoE-pushed changes aren't 'particularly negative', the Barclays analyst said.
Mixed views on Lloyds Banking as Bank of England raises the buffers
Barclays own brokerage said the Bank of England’s concerns on consumer credit were not particularly negative
Carney tells Lloyds, RBS and other banks to hold £11.4bn in case of credit card, car loan defaults
The consumer credit cycle buffer rises to 0.5% from 0% currently and will likely be 1% by the end of next year
Tougher regulation spells headache for Lloyds Banking and Barclays says Goldman Sachs
It is in mortgage risks assessment that the most immediate impact may be felt
Something ironic in Barclays and its former boss being hit with first criminal charges related to financial crisis
Laith Khalaf, senior analyst at Hargreaves Lansdown said: ‘Skeletons seem to be jumping out of lots of closets at once for Barclays”
FTSE 100 closes 51 lower amid sterling losses and Brexit worries
The pound has plummeted against the dollar on dovish remarks from Bank of England Governor Mark Carney
Lloyds Banking Group's Scottish Widows set for Standard Life merger talks
Meetings today should seen Standard Life’s £11bn merger with Edinburgh–based fund manager Aberdeen Asset Management ratified by shareholders
Lloyds hit by fresh scandal over HBOS Reading fraud case
Lloyds has set aside £100mln to compensate victims of fraud at the Reading branch of its HBOS business
FTSE 100 ends lower as inflation jump hits consumers
FTSE 100 closed down 11.88, or 0.15%, to 7,499 on Tuesday
Election result a shock but no reason to start selling, says ETX’s Wilson
Neil Wilson at ETX markets said the index is being propped up by dollar earners benefiting from a weaker pound with defensive stocks also doing well.
RBS, Lloyds and Barclays slump after general election leads to hung parliament
Banks, retailers, media and housebuilders are the biggest fallers on the FTSE 100 on the shock news of a hung parliament
RBS, Lloyds and Barclays shares to suffer if Labour wins general election, says HSBC
HSBC expects a sharp sell-off in shares of RBS, Lloyds and Barclays if Labour wins the general election
FTSE 100 closes lower as Britain heads to the polls
The blue chip FTSE 100 index closed 28 points down at 7,449
RBS averts trial but Lloyds faces court over ill-fated takeover of HBOS
Lloyds is being sued by investors over claims they withheld information about the perilous financial state of HBOS before it was taken over by the bank in 2008.
Noel Edmonds' lawyers condemn Lloyds payout scheme for HBOS Reading fraud victims
Lawyers representing TV star Noel Edmonds in his case against Lloyds over the HBOS Reading fraud have criticised the bank's compensation plans for victims as a "scam".
Investments and investor services
Zak's Small Caps: What's In A Name? (Including Sound Energy, Sirius Minerals and Royal Bank of Scotland)
Zak explores just how change of name might (and might not) alter the fortunes of a small-cap
Lloyds plays catch up with Barclays as it boosts share of credit card market with MBNA takeover
Lloyds expects its takeover of credit card business MBNA will generate cost savings and bolster earnings and revenue
Lloyds completes £1.9bn takeover of MBNA credit card business
Lloyds said its takeover of MBNA will boost earnings and increase its market share in credit cards
FTSE 100 closes higher; Paddy Power Betfair takes podium
After a gloomy morning for the pound, it started to build some momentum. FTSE 100 finished at 7,543
FTSE 100 closes at new high as pound wobbles
The FTSE 100 and FTSE 250 indices hit record highs today
Investments and investor services
FTSE 100 closes higher as traders await Fed minutes
The FTSE 100 index closed up 29.61 at 7,514 with easyJet the biggest gainer
Lloyds and RBS shares continue to underperform market after Brexit vote, says Barclays
Barclays has added Lloyds to its European recommended portfolio as its stock is attractively priced
Lloyds boss Antonio Horta-Osorio buys chunk of bank's shares despite rumours he's leaving
A group of former suing Lloyds over its takeover of HBOS has accused the lender of gloating over its return to private ownership
A timeline of Lloyds' road to recovery before returning to private ownership
Lloyds has come far since its 2008 bailout but it is not out of the woods yet as it continues to wrestle mis-selling scandals and its HBOS Reading fraud case
Lloyds says taxpayers have made £900mln profit from government's bailout
Lloyds chief executive, António Horta-Osório, is likely to face questions on whether he intends to stay at the bank after the government offloaded the rest of its stake
FTSE 100 closes lower as Trump fears grow; Dow Jones crashes
The UK blue chip index closed down 18.56 points at 7,503
Lloyds faces rising misconduct costs as Noel Edmonds demands hefty payout for HBOS fraud
Lloyds's compensation costs are mounting in relation to the HBOS Reading fraud and the mis-selling of payment protection insurance and investment products
FTSE 100 brushes off inflation fears to close at record high
The FTSE 100 index closed up 68.94 points at 7,523 - a new record high
Google unveils tighter controls on advertising after clients boycott ads over extremist content
Google has tried to soothe advertisers' woes about extremist content by making changes to its technology
FTSE 100 closes at record high; miners in support
The UK blue chip index closed at 7,454, below the new intra-day peak of 7,460.20, but above the previous high of 7,447 hit in March
Neil Woodford returns banks to his portfolio for first time since 2003 with Lloyds investment
Woodford Investment Management said it sees Lloyds as a "well managed bank" with the ability to pay a "very healthy and growing" level of dividend
Lloyds apologises over fresh mis-selling scandal and faces £80mln payment for compensation
Lloyds has already set aside compensation for mis-sold payment protection insurance
FTSE 100 closes at record high after third-straight week of gains
At the close, the UK blue chip index was up 0.7%, or 48.8 points at 7,435.4, not far below its all-time record of 7,447.0
RBS and Lloyds again show contrasting fortunes at annual meetings
RBS continues to trail behind Lloyds in its efforts to turnaround the struggling bank
Lloyds says government will complete sale of shares within days
Lloyds chief executive Antonio Horta-Osorio is understood to be on the hunt for a new job after the government completes the sale of its stake in the bank
Investments and investor services
FTSE 100 finishes little changed after "Super Thursday" underwhelms
The Footsie was back in black - but only just - thanks to precious metals miners
Lloyds boss Antonio Horta-Osorio said to be hunting for new job ahead of AGM
Lloyds is understood to be drawing up contingency plans amid rumours that its chief executive is looking for another job
Archive
What will BT have to say about write-down can-of-worms?
Thursday brings the fourth quarter trading update from BT Group, while the banking AGM season continues.
Lloyds the best of the UK banks argues Redburn while RBS remains a sell
Margin resilience as it brings down unnecessarily high deposit rates will help Lloyds stand out from it peers
Lloyds' superiority over RBS and Barclays already in the price says Macquarie
Underlying profits were 10% above expectations at £2.1bn
Archive
Pensioners, Ofcom and rivals snap away at BT
Week ahead: BT and Talk Talk: ITV, Barratt Developments, Centrica, William HIll and more ...
London’s financial centre will stall after Brexit, warns Goldman Sachs chief executive
The boss of Goldman Sachs has warned the bank may have to move jobs and operations out of London depending on the outcome of Brexit
Two brokers raise price targets, estimates for both RBS and Lloyds after the banks' results
Barclays Capital raised its target for RBS to 260p from 250p to reflect medium-term earnings upgrades; Citigroup hiked its RBS target price target price to 220p from 190p
Could the Black Horse turn into a "dividend cash cow"? Lloyds showing strong cash generation
Michelle McGrade, chief investment officer of TD Direct Investing said she believes Lloyds “promises to be a dividend cash cow in years to come”
Lloyds gains as Q1 results beat forecasts despite further provisions for conduct issues
For the three months to March 31, the group’s statutory pre-tax profit jumped to £1.304bn, up from £654mln a year earlier and £973mln in the final quarter of 2016
FTSE 100 closes lower as traders mull ECB policy
The FTSE 100 closed at 7,237 as the European Central Bank announced its latest policy decision
FTSE 100 closes over 2% higher as France vote cheers
The FTSE 100 closed 150 points, or 2.11% higher, as investors welcomed Macron's result in the first round of France's presidential election
Lloyds to reveal profits nearly doubled in first quarter but Brexit means outlook uncertain
Lloyds is expected to increase its first quarter profit and dividend but the bank is largely exposed to uncertainties surrounding Brexit and the general election
FTSE 100 ends tough week on a flat note
Friday was a bit of a wash-out, with the Footsie ending little changed after a rough week
Deutsche Bank trims target prices for Lloyds and RBS ahead of Q1 results due next week
The German bank’s analysts reduced their target price for Lloyds to 66p from 70p, and for RBS to 240p from 252p, albeit with the two lenders' share prices still below those levels
FCA makes Brexit a priority in business plan for next year as it lays out mission statement
The FCA will devote £2.5mln to support the government with Brexit as part of its budget for next year
RBS to report strong first quarter profit but will continue to lag behind Lloyds
Lloyds, RBS, Barclays and HSBC will start reporting first quarter results from next week
US banks set for strong first quarter as JP Morgan, Citigroup and Wells Fargo kick off earnings season
US banks look set to achieve a robust set of first quarter results as earnings season gets underway
Barclays, RBS, Lloyds, HSBC struggle to shake off investigations and legal proceedings
Barclays, Lloyds, Royal Bank of Scotland and HSBC have been embroiled in a series of scandals over the years
Lloyds sets aside £100mln to compensate HBOS fraud victims
Lloyds will provide interim payments on a case-by-case basis to compensate victims of the HBOS Reading scandal
Lloyds to shut 100 branches with the loss of more than 300 jobs
Lloyds Banking Group has angered the union over its plans to cut hundreds of jobs and branches
Archive
Apple shows brutal streak as its dumps partner Imagination
Trending: Apple, Imagination Tech, North Sea, Lloyds...
Lloyds nears full privatisation as taxpayer's stake cut to below 2% amid HBOS scandal
The government has recovered more than £20bn since its bailout of Lloyds during the financial crisis