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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.
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Lloyds completes share buyback with very different outlook
When the scheme was launched, Lloyds chief executive Charlie Nunn said "we are seeing an early recovery and the macroeconomic outlook is improving"
Lloyds, NatWest, Barclays other banks slide as Santander warns of increased provisions
Reports have also re-emerged that the Treasury is weighing up options to tap banks for cash, which might include scooping up the interest that the Bank of England pays on the hundred of billions of pounds of deposits it holds from high stre
Lloyds and Barclays tipped to reward investors that ‘ride out the storm’ as analyst sees UK banking sector in “extremely good shape”
Significantly, the stockbroker expects solid Q3 results when reporting begins, starting with HSBC on October 25, 2022
Investments and investor services
Lloyds, L&G, Tesla and passive funds most popular for UK investors in September
Aircraft engineer maker Rolls Royce also continues to be well-liked for its hoped-for pandemic recovery prospects
Lloyds owned Halifax removes fee-paying mortgages on rate hike fears
Alterations to its mortgage product offering were "as a result of significant changes in the cost of funding."
Lloyds could be hit hard by backdoor windfall tax, says leading investment bank
The City has taken a closer look at plans being mooted to to reduce the interest paid on deposits held by high street lenders at the Bank of England
Lloyds and other banks 'face risks and unintended consequences' from mooted interest on reserves policy
Barclays said it was "highly uncertain" that it would be implemented, but limiting interest paid on cash held at the BOE "would present risks" to the outlook for UK banks' net interest income
Lloyds, StanChart and NatWest offer most upside from interest rate hikes
The new PM's support for energy bills is "likely" to result in the Bank of England lifting interest rates to 4% next year, JPMorgan said
Lloyds Banking Group worst hit for suspected scam bounce-back loans
Data suggests over £300mln of fraud linked to pandemic-era recovery loans for the bank
Thirteen more Post Office hubs announced as cash crisis grows
Lloyds, Natwest, Barclays, HSBC and Santander use the hubs
Lloyds Banking, NatWest and Barclays still in favour with Goldman Sachs
“We continue to think tailwinds from higher rates outweigh credit cost concerns for UK banks"
Lloyds Bank completes senior executive restructure
Lloyds' internal structure and top team have been revamped by Charlie Nunn since he took over as CEO last year
Smoove extends Lloyds Bank conveyancing contract
The technology and services company said the contract builds on its 15-year relationship with Lloyds
Lloyds and NatWest are first major banks providing new UK recovery loan scheme
The lenders will be able to offer facilities of up to £2mln for small businesses outside the scope of the Northern Ireland Protocol, and up to £1mln for those within
Lloyds and co braced as mortgage market begins to slow as lenders toughen stance
Both mortgage approvals and total mortgage borrowing fell this June
Lloyds Banking: City split on the prospects for the black horse bank
Credit Suisse and RBC Capital appear to be at odds on the outlook for the UK's biggest high street lender
Lloyds “misunderstood and mispriced” as banking group upgrades guidance - broker
“We believe the market is misunderstanding and so mispricing the significant improvement in bank balance sheets since the Global Financial Crisis"
Lloyds Banking lifts guidance and shrugs off bad debt concerns
The strong results helped pull NatWest Group shares higher as well ahead of their results later this week.
Archive
FTSE 100 closes higher as traders upbeat ahead of key Fed rate decision
The UK's blue-chip benchmark closed up almost 42 points, or 0.57%, at 7,348
Lloyds Banking to close a further 66 branches by year end
"Bosses are 'falling over themselves' to shut high street outlets before new regulations come in
Lloyds Banking update to underline rising margins, brokers suggest
Net margins are predicted to rise 11 basis points on the previous quarter
Lloyds Bank can shine in next week's bank season, suggests UBS
Lloyds Banking Groups H1 results have room for outperformance according to UBS. The broker highlights a number of areas where the banking group could shine, a better achieved deposit beta, more limited mortgage participation to protect spre
Lloyds Banking still best for Citi but all UK banks look good, it adds
"UK bank shares are already pricing in little in terms of rate hikes.”
Lloyds Bank boss warns about 'talking' UK into recession
This comes as the lender revealed the majority of its customers have under £500 of savings in their accounts
Lloyds Banking Group upside underappreciated as BoE rate hikes loom – Credit Suisse
Lloyds is the Swiss firm's 'top pick' among the UK banks, and it believes investors remain too cautious when valuing the black horse bank
Bulb boss to leave bailed-out energy supplier
He was criticised for continuing to receive a £250,000 salary, effectively funded by taxpayers
What will the Lloyds restructure mean for its pole position in mortgages?
Contenders among the big five mortgage lenders, such as Nationwide, Banco Santander, NatWest and Barclays could begin to pose a challenge for Lloyds
Lloyds best of UK banks in event of recession, suggests JP Morgan
In a base case assessment, the banks stay profitable but without any compelling reason to buy the shares
Lloyds Banking to pay £1000 cost of living payment to most staff
It will be a tiny fraction of the hundreds of millions that Lloyds paid out to senior bankers in bonuses earlier this year
Lloyds, HSBC and Standard Chartered told to pull socks up in 'too big to fail' test
HSBC was told to take steps to improve the resolvability of its international infrastructure
Lloyds among chosen few for Citi as banks get over spring hump
Lenders' capital levels were cited as the "one weak point" in the sector's recent first-quarter results
Lloyds Banking target cut but still favoured by Deutsche Bank
Lloyds, Barclays and Virgin Money all got the red pen treatment
FIVE at FIVE: Crisps and pasta drive food prices higher; lowball offer for Countryside; red pen for UK banks; Dogecoin returns ...
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Lloyds Banking Group PLC is preferred UK lender after 'mixed message from BoE', says broker
NatWest is seen as benefitting most from interest rate increases, though as rates move higher the benefit will continue to reduce
Limited upside for Lloyds Banking shares, says broker
Berenberg remains underwhelmed by growth in Lloyds’ core business
Lloyds Banking Group: This broker repeats 'buy' after better-than-expected update; but shares fail to respond
Jefferies reckons the stock is worth 65p, a 40% premium to the current price
Lloyds Banking Group ups full-year guidance after solid start to the year
Underlying profits were up 26% in the first quarter
Lloyds Banking, Barclays, Natwest all set for big profits drops
Staff costs are also rising and the report this week of Goldman's UK bankers earning £350,000 in bonuses underlines the pressure,
Extinction Rebellion protest blocks Lloyd’s building; demands end to fossil fuels insurance
Protesters blocked entrances with chains, superglue and bike locks as part of a climate protest
Lloyds, AMC Entertainment and Polymetal among most popular shares for UK private investors
Several Russia-related stocks were popular for Britain's bargain-hunting investors, as were US tech giants and small cap miners
Defensive stocks for uncertain times: go with Lloyds Bank, Diageo, Reckitt Benckiser suggests Credit Suisse
All three have good pricing power and will be able to pass through any input costs.
ISA millionaires up by two-thirds and by investing in Lloyds Bank and AstraZeneca
Blue-chip companies, including those that traditionally pay strong dividends, are widely held while the funds are a mix of the most popular
Lloyds in pole position to gain from rate rises, analysts say
Lloyds Banking Group Plc and HSBC Holdings Plc are among the lenders best positioned to benefit from a rise in interest rates under the coverage of equity analysts at Credit Suisse Group AG.
Shareholders should 'vote against greenwashing' as companies say one thing and do another
The world's biggest financial companies provided US$740bn for fossil fuel production, report says
Banks and bonds on the rise on hawkish Fed head - but watch out for that yield curve
The yield curve is far from an infallible indicator, but forewarned of economic downturns in 2000, 2007-08 and early 2020
Lloyds Banking still favoured by JPMorgan even after broker cuts earnings forecasts for European banks
European banks are likely to have less cash to splash following Russia's invasion of Ukraine
Lloyds and Natwest still best of UK banks suggests Credit Suisse
Lloyd showed the best underlying trends in the recent banking earnings season
Risk of Russian contagion to European banking systems low – broker
Berenberg's Kallum Pickering suggests Europe's banking sector will be shielded from Russian meltdown, and tools are in place to respond to crises
Archive
FTSE 100 closes off the mark after earlier rally runs out of steam
IG's Chris Beauchamp believes a more difficult period for the FTSE 100 seems to beckon
Lloyds Banking on track for more than 12% returns this year - broker
Positive rating from Credit Suisse helps Lloyds shares stage comeback today
Blockchain and banks brace for cyber warfare as UK security stocks rise on Russian invasion
Lloyds on "heightened alert", Darktrace shares up 10% as Russian cyber capabilities put under the spotlight
Lloyds Banking Group the latest big name to go big on share buybacks
There are many reasons why a company might buy back its own shares
Lloyds feels the sting of fraud charges as it misses analyst targets
Remediation charges of £1.3bn exacerbated by $600mln payout from historic fraud case
Lloyds Banking Group profits surge on higher income, credit loss release
The bank announced plans for a £2bn share buyback programme in 2022
Archive
FTSE 100 closes sharply lower as Russian attacks Ukraine
Global oil benchmark Brent jumped 6.7% to $103.36 per barrel, passing the $100 level for the first time since 2014
Rolls-Royce, BAE and Lloyds lead roll call on 'Super Thursday'
It's the biggest day of the season so far for FTSE 100 results
Lloyds Bank set to join dividend payout jamboree
The full-year dividend is expected to be 2.07p and accompanied by a bumper share repurchase programme
FTSE 100 closes lower amid ongoing Ukraine conflict worries; US markets closed
At the close, the UK blue-chip index was down 29.29 points, or 0.4% at 7,484.33, above the session low of 7,446.43 but well below the early peak of 7,571,07
Is Lloyds ready to open the cash floodgates with £8bn of dividends and stock buybacks over the next three years?
A ‘much-anticipated’ refreshed business plan next Thursday is expected will spell out the black horse bank's financial strategy for the coming years, including the dividend and buyback policies.
Lloyds Banking Group: 8%-9% yield once the cash taps are opened, says leading investment bank
Deutsche Bank reckons the high street lender is headed for an era of strong financial performance
Bank and private equity rainmakers expecting big bonuses this month
Billions are expected to be paid out on the back of buoyant investment and deal-making environment
Lloyds Banking and Taylor Wimpey among Credit Suisse's "Top of the Crop" ideas
Credit Suisse took a slew of stocks that its analysts are high on. It then winnowed the list by checking its analysts' expectations against the market's and historical benchmarks to get its "Top of the Crop".
Lloyds Bank launches cheapest ever 10-year fixed-rate mortgage
Home byers are increasingly looking for longer-term fixed loans that will protect them from rising interest rates and higher living costs
Banks to lead way on dividends in 2022 but recovery in payments is slowing - report
Link predicts underlying growth will be 5% in 2022
Archive
FIVE at FIVE: FTSE 100 leaps higher but Unilever hammered after Glaxo approach, brokers see value in oil and gas, Plan B to go next week?, Lloyds tipped for share buyback...
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Lloyds poised to begin £1bn share buyback - report
Lloyds has more than £4bn in surplus capital and rivals Barclays, HSBC and Standard Chartered all bought back shares last year
Private investors become more active in company AGM votes
Royal Dutch Shell, Lloyds, and BP were the three most voted companies in 2021
Lloyds and other UK banks "still offer upside" says Barclays
New Lloyds boss Charlie Nunn's upcoming strategy day "could see higher cost guidance"
Lloyds Banking, Monzo and Halifax apps crash ahead of Christmas
Customers at all three banks were tweeting complaints after being denied access
Lloyds Banking had least headroom in bank stress test but analysts split over dividend consequences
If a bank board wanted the basis upon which to slow the return of the excess capital, this stress test "proves apt", said analysts at UBS
Lloyds Banking widens commercial banking pilot with TruFin's Satago
The lender’s new chief executive was recently reported to be planning to drive a new phase of growth based on an expansion of commercial banking and other businesses
Lloyds Banking's new boss eyes growth drive built around property, wealth
Financing the transition to net zero is another reported area of focus, along with broadening support for the bank’s international clients, including building out its New York office
TSB closures mean UK banks will have closed over 4,300 branches in six years
Lloyds recently announced 48 more of its branches were to be shut, Santander plans to shut 111, HSBC 82 and Barclays 63
Archive
FTSE 100 ends lower as inflation fears weigh
Smiths Group held an online capital markets event today in which it sought to outline how the group will “accelerate growth and deliver better execution through a focused approach”.
UK banks offer up to 47% share price upside potential, says broker
Standard Chartered and Barclays are seen as offering the most upside, with NatWest the least
Lloyds and NatWest prospects still bright rate rise or not, says rival
“With rate hikes a matter of time, we continue to see UK banks as well-positioned to benefit from rising rates"
Lloyds Banking Group returning to normal, says leading investment bank
Deutsche Bank is a big fan of shares in the black horse lender
Lloyds Banking Group: Analysts take a shine to the black horse lender and reckon the shares have further to gallop
A total of 16 of the 24 analysts covering Lloyds are part of its fan club
Lloyds is a ‘buy’ for Deutsche Bank after strong beat in capital
The German bank has set a 60p price target for its British peer
Lloyds Banking stays tight-lipped on dividends and buybacks so what is it planning?
There was nary a word from Lloyds new boss Charlie Nunn about shareholder returns unlike counterparts at HSBC and Barclays
Lloyds Banking doubles profits as UK economy improves
New boss Charlie Nunn said the board is developing the “next evolution” of Lloyds’ strategy and longer-term priorities
FTSE 100 finishes a touch weaker, recovering from lows as Wall Street pushes higher
At the close, the UK blue-chip index was 3.80 points, or 0.1% lower at 7,249.47, just below the day’s peak of 7,257.85 and well above the session low of 7,219.71
Archive
Lloyds and Shell in the spotlight for Thursday
Shell and Lloyds are among the notable names in the schedule for Thursday.
Lloyds Banking Group and NatWest results arrive with interest rate decision finely balanced
Third-quarter numbers are due from Lloyds on Thursday and NatWest on Friday
Lloyds Bank to close 48 more branches
The closures comprise several Halifax branches, which fall under the Lloyds Banking Group brand.
Who benefits if UK interest rates rise? Lloyds Banking and NatWest says broker
Credit Suisse has increased its 2022 EPS estimates by up to 6%, 2023 by up to 15% and 2024 by up to 22%
Lloyds Banking looks good value says Credit Suisse
The lender's current valuation is attractive for a stock where analysts expects positive earnings revisions
Lloyds Bank to let customers set their own contactless limits
The bank's customers will be able set a limit between £30 and £95 on their mobile banking app
Fraud attacks on consumers are 'national security threat', say UK banks
Also on Wednesday, MPs in the Treasury Select Committee are grilling bosses from Facebook, Google, Amazon and eBay about whether companies are doing enough to prevent financial fraud
Lloyds Banking Group most fancied amongst UK banks
Deutsche Bank sees Lloyds as a 'buy' with a 60p price target, suggesting some 30% upside to the current price.
Archive
FTSE 100 closes in the red and below 7,000 as traders flee from risk
Britain's blue-chip benchmark finished on Friday down over 63 points, or 0.91%, at 6,963
Lloyds Banking's mortgage market worries overdone, says Credit Suisse
UK mortgage application margins have dropped over the summer
City needs lower taxes to keep up with New York, says lobby group
TheCityUK has a five-year target for London to "out-compete its rivals"
Crime warning as contactless limit rises to £100
“While the move brings more convenience for some it also carries two big warnings."
Lloyds Banking Group plans to become major residential landlord
The bank aims to acquire around 400 homes by the end of this year and then double this target in 2022
Lloyds Banking's new chief executive Charlie Nunn starts work
Nunn joins from HSBC where he was head of wealth and personal banking
Archive
Lloyds Banking sinks as Goldman Sachs downgrades shares to 'sell'
A look at some of the major risers and fallers in London on Thursday
Lloyds Banking is top pick for Credit Suisse on improving UK bank outlook
The analysts have revised up their earnings and capital forecasts and target price
Lloyds Banking still Deutsche's top pick in the sector despite "perplexing" lukewarm response to results
Deutsche Bank has nudged up its price target by a penny to 57p after adjusting some forecasts in the wake of Lloyds' interims on Thursday