Lloyds Banking pensions and investment acquistion 'looks a good deal' says analyst
The bank is moving further into the wealth market, following the partnership formed with Schroders three years ago to create a financial planning joint venture
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 7 of 14
Lloyds Banking brings back dividend and snaps up investment and retirement platform Embark
The bank said it will use Embark’s technology as its new pensions and retirement platform
Lloyds Banking, NatWest et al likely to drive their dividend yields back above 5% within a couple of years
Talk of a £22bn dividend bonanza in the banking sector might be a bit far-fetched but based on broker forecasts, we can at least expect dividend yields to be above the FTSE 100 average by next year.
Bank of England gives mixed signals on bank dividends, SME debts and market risk‐taking
With corporate debt vulnerabilities having increased among SMEs, banks are expected to use “all elements of their capital buffers” to support the economy through the ongoing recovery
Lloyds, Barclays, HSBC and other UK banks move higher as dividend ban lifted
The Bank of England's Prudential Regulation Authority said the banks remained "well capitalised and resilient” and as a result the restrictions on payouts were being lifted with immediate effect
Lloyds fined £91mln over insurance renewals
Lloyds offered a loyalty renewal discount that was never intended to be applied
UK banks get hiked ahead of sector's dividend 'Freedom Day'
Some analysts think banks will wait until the year-end to declare special dividends
Lloyds Banking the 'most preferred' UK bank share for Barclays analysts
The Bank of England's Prudential Regulation Authority is due to give an update in the coming weeks on whether banks can resume dividend payments
Lloyds top pick for Credit Suisse among domestic UK banks
Analysts at the investment bank said stocks in the sector were “attractive” amid an improving economic and interest rate outlook for the UK
Lloyds Banking Group PLC due to close 100 branches this year
There are 29 Lloyds branches and 15 Halifax locations for the chop in the new plans
UK banks worth buying for discount to wider market, potential for dividends - UBS
UK domestic banks trade at a 14% discount to the European banks sector, which itself trades at a 42% discount to the European market
City diversity standards in the spotlight as two reports show challenges faced by ethnic minorities, women
Nearly half of Black respondents reported having experienced racism at work, while women felt held back in their careers by “mediocre” male middle managers
Lloyds Banking and NatWest get targets nudged higher by Barclays
UK consumer activity remains strong and mortgage momentum is robust, albeit with signs of normalisation
Lloyds Banking the top pick among banks for Credit Suisse
The improved UK economic outlook and the prospect of rising interest rates are positive for the UK banking sector
Lloyds Banking target hiked by Credit Suisse as UK path to recovery becomes less uncertain
The SNP failing to gain a parliamentary majority and the Bank of England's improved UK economic growth forecasts are significant for the banks, the analysts said
Lloyds: Upgrades across the board; but just how much are the shares worth?
Three heavyweight banks have provided their analysis
Lloyds Banking mulls how much to pay out as cash piles up
"The bank will be left with a still substantial capital pile even after resuming payments"
Lloyds Banking profits hit £1.9bn as bad debts tumble
There was a £1.75bn bad debt swing in the bank's favour
Archive
Lloyds, GSK and Sainsbury's among mid-week reporters, Apple and Facebook earnings eyed alongside the Fed
Other firms in the diary for Wednesday include housebuilder Persimmon, British American Tobacco and Dixons Carphone
UK banks face high investor hopes over Q1 results
Mortgages and investment banking have been strong areas in recent months
Former Lloyds Banking boss may have Mourinho-like decision to make at Credit Suisse
The handsome Portugeezer - António Horta-Osório (not Jose Mourinho) - might be tempted to clean house when he takes over as chairman of Credit Suisse next month
Credit Suisse asks shareholders to fill gap after Archegos fiasco
“The loss we report this quarter, because of this matter, is unacceptable,” said chief executive Thomas Gottstein
Lloyds Banking, Barclays and other banks launch 95% mortgages under new government scheme
The government is offering lenders a guarantee so that buyers will only need 5% of the value of a home as a deposit
UK banks have tailwind as economic outlook improves, suggests broker
Shore Capital has buy recommendations on Barclays, Lloyds Banking and Standard Chartered
Dogecoin worth more than Lloyds, BT after price surges nearly 200%
The meme-inspired currency now has a market cap equivalent of around £34.7bn after rising around 192% in the last 24 hours
UK banks still look good says Credit Suisse, upgrades Barclays and NatWest
It is likely to have been a strong quarter in capital markets
Lloyds Banking seen as winner by Credit Suisse if interest rates rise
Rates are expected to remain negative in Europe until 2026 but the BoE might hike much sooner
Archive
House prices in March set to show a fall or rise - depending on how you measure it
It's old Mother Hubbard day in the stock market on Friday so thank heavens for the Halifax house price index, which will give traders something to chew on
Lloyds Banking and NatWest share price targets raised
Record savings inflows continue and asset quality remains benign
Lloyds upgraded as JP Morgan sees UK banks catching up on missed years
The investment bank said that while Lloyds had underperformed the most within the pure-play domestic UK banks over the last year, most of the concerns around the stock were now “in consensus expectations” and that higher front book rates ar
Greensill Capital debacle the first mess for Lloyds Banking CEO to clear up when he moves to Credit Suisse
Lloyds Banking chief executive, António Horta-Osório, has some sorting out to do when he becomes chairman of Credit Suisse. Closer to home, the Greensill collapse is a headache for Liberty Steel.
UK bank forecasts 'look too low' post-lockdown says Credit Suisse
There were upgrades for Barclays, NatWest and HSBC, while StanChart was downgraded
Lloyds Banking best option among UK banks post Covid-19, says broker
Barclays has an ‘overweight’ rating on Lloyds, with a new CEO also possibly instigating strategic action to boost returns.
Lloyds pension fund joins others in commitment to net zero carbon portfolios
The pledge is being coordinated by Institutional Investors Group on Climate Change, which has laid out a framework to help investors align their portfolios in a manner to achieve net zero emissions
Builders and building materials
Housebuilders celebrate Chancellor's stamp duty and mortgage guarantee moves
Mortgage borrowers who can only put up a 5% deposit will have the rest guaranteed by the government.
Lloyds Banking and sector peers rise after banking profits surcharge review is announced
Having announced plans to hike corporation tax, the UK's finance minister said the government planned to review whether to rescind or amend the surcharge on banks' profits
Lloyds shares going nowhere, says one analyst, while another sees lender as recovery stock
The bank’s guidance “is consistent with greater earnings headwinds beyond 2021”
FTSE 350 companies face ethnic diversity scrutiny by investors as female representation reaches early government targets
However, small caps are expected to fall behind as only 20% of AIM UK 50 directors are women
Lloyds Bank resumes dividends ahead of Horta-Osório's departure
Profits fell 72% over the year to £1.27bn due to bad debts and another charge for PPI
Lloyds Banking and NatWest best placed as UK emerges from lockdown
Cost of risk is expected to fall leading to profit upgrades
Lloyds to continue flow of bank results on Wednesday
Also in the diary for mid-week is Dettol maker Reckitt Benckiser, which will be reporting its full-year figures to the market
Archive
FTSE 100 ends narrowly in the red despite support from oil giants; Wall Street saddled with tech weakness
Brent crude was up 89 cents at US$63.80 a barrel. BP and Shell rose in sympathy.
Lloyds Banking and Asos among 'best shares to play the UK recovery', says broker
Other banks, retailers and healthcare companies were also picked as good UK bounce-back investments
Keepmoat Homes planning another attempt at a stock market listing
The Doncaster housebuilder, which specialises in new builds for first-time buyers, has done well during the coronavirus pandemic
What to watch out for in the UK bank earnings season
A two-minute explainer on what to expect as Barclays and NatWest report this week, with HSBC, Lloyds and StanChart the week after
FTSE 100 ends just below the flatline; Wall Street, including GameStop, having more success
London's blue chips were outdone by domestically focused mid-caps, including pubs and travel companies
Monzo founder quits challenger bank because of mental health issues
Tom Blomfield first changed his role last May but decided to leave altogether after the pandemic exacerbated his state
Lloyds, HSBC and other lenders get hiked by analysts as sector 'on bumpy road to recovery'
Analysts at Barclays and Deutsche Bank lifted their sights, following bullish moves from others last week
Banks lead the fallers in reaction to Brexit deal
A look at some of the major movers in London on Tuesday
Banks given permission by BoE to restart dividend payments
The BoE's Prudential Regulation Authority arm said payouts should be “prudent”, noting that there are still high levels of economic uncertainty as a result of the coronavirus pandemic
Lloyds, HSBC and NatWest will find it harder than rivals to hit forecasts, analyst reckons
Deutsche Bank said achieving the sort of cost savings envisaged will be “very challenging” for some banks
Lloyds Banking Group says CEO will step down early after getting Credit Suisse job
Lloyds' chief financial officer William Chalmers will step in as interim CEO, which could be for almost seven months if new boss Charlie Nunn’s current employers, HSBC hold him to his contract
Lloyds Banking Group poaches HSBC personal banking boss to be new CEO
Nunn's current contract may prevent him from starting for another 12 months
Lloyds, Barclays and other bank stocks hit by grim economic forecasts in spending review
Expectations of a historic decline in economic growth in 2020 alongside a surge in unemployment may spell bad news for the UK's largest lenders
Lloyds is best bank for coronavirus vaccine bet, says broker
“Even in the absence of a vaccine, we think the blanket ban will likely be dropped in 2021,” Credit Suisse analysts reckon
Lloyds Banking criticised for stepping up job cuts despite return to profit
Elsewhere, analysts at Bank of America Merrill Lynch upgraded their rating on Lloyds shares to 'neutral’ from ‘underperform’
Lloyds and its banking rivals have plenty of capital but will dividends return soon?
Pre-pandemic forecasts estimated the sector would pay out nearly £14bn in dividends on their 2020 earnings
Lloyds Banking returns to profit and announces Robin Budenberg as new chair
The capital position was also much strengthened, with the CET1 ratio rising to 15.2%
Archive
FTSE 100 show late promise but ends flat; US stocks rebound on GDP growth
In terms of sprint finishes, it's not exactly "Wattle the Throttle" but the Footsie has gently put its foot down on the accelerator
Archive
Lloyds, Shell and BT Group among the myriad excitement on Thursday
Emerging markets lender Standard Chartered PLC, advertising giant WPP Group, and orthopaedics firm Smith & Nephew are also on the slate of blue-chip results
Co-op Bank promotes ex-Lloyds man as sixth CEO in a decade
The lender's new CEO has been chief financial officer for the past two years
Lloyds and NatWest are worth buying ahead of Q3 results, reckons Citi
With investor interest in UK banks at an all-time low, analysts at Citigroup said they believe “this presents an opportunity” for investors
Coronavirus set to change work landscape of UK wealth and asset managers, says Lloyds Bank report
Data from the latest Lloyds Bank Financial Institutions Sentiment Survey showed that 89% of wealth and asset managers planned to maintain flexible working patterns while 85% expected to use digital platforms to liaise with clients
Lloyds Bank still a sell according to Goldman Sachs
Defaults are likely to rise markedly, suggests Goldman.
Lloyds' price target trimmed as analysts disagree on best banks in sector
Deutsche Bank prefers Barclays, but Citi said it was most at risk of additional charges
High St banks accused over fraud compensation record
One bank had only fully refunded 1% of victims while another had given 59% of victims all of their money back.
Lloyds, Natwest and other banks brace for ‘second wave’ of PPI claims
New court rulings could potentially open the floodgates for millions of new claims, which have already cost the UK's banking giants billions in compensation
Lloyds Banking still has value despite weak outlook, says UBS
With 50% upside potential and decent prospects for returning to paying dividends, it is still a buy says the broker.
Lloyds Banking facing near perfect storm of challenges, say analysts
Analysts at Shore Capital, however, encouraged investors to look through this disappointing set of results and “reflect on the strength of the balance sheet and scope for profits to improve materially in future as the economy recovers”
Lloyds Banking plunges to loss after seeing significant deterioration in outlook
To prepare for potential credit losses, the lender hiked its impairment charge to £3.8bn
Lloyds Banking gets upgrade ahead of interims, while NatWest get downgraded
Analysts at Credit Suisse also upgraded Standard Chartered but left their rating unchanged for Barclays
UK bank forecasts too optimistic about interest rates and unemployment effects from coronavirus, warn analysts
Goldman Sachs cut its share price targets for the whole sector and Deutsche Bank flagged the ‘sell’ sign for RBS and HSBC
Archive
Breakfast News - AEX Gold, Beowulf Mining, Thor Mining and more...
Admission only of Pensana Rare Earths (LON:PRE) to the Main Market (standard), which is bringing into production one of the world’s largest and higher grade rare earth projects. Located adjacent to the $1.8 billion refurbished Benguela rail
Lloyds says chief executive to leave in 2021 as new chairman appointed
António Horta-Osório is looking to complete ten years in the CEO role, while Lord Blackwell will be replaced as chairman by Robin Budenberg
Lloyds Banking Group eyes bigger push into wealth management
Wealth and insurance contributed £1.1bn of underlying profit last year, around 15% of the bank's total
Lloyds Banking Group forecasts cut by Jefferies ahead of interim results
“The company has a competitive moat around costs,” the analysts said, but “no moat around revenue”
Banks told to extend support for struggling borrowers by another three months
"The proposals provide an expected minimum level of financial support for consumers who remain in, or enter, temporary financial difficulty due to coronavirus"
Lloyds Banking receives £64mln fine for mortgage failings
“In some cases, customers were treated unfairly, including vulnerable customers.”
Lloyds Banking vows to make up missed dividends to shareholders
The bank also admitted its mistakes over the HBOS Reading branch fraud
Dividends forecast to fall at least 15% in 2020
The government is reportedly looking at preventing companies that have taken loans from paying dividends
Lloyds Banking is top pick as has best prospects post-Covid19 - analyst
Barclays analysts left their share price target unchanged for Lloyds, cut their targets on HSBC and Standard Chartered, and lifted the target for RBS
Lloyds, RBS and Barclays price targets cut as analysts see 'huge subjectivity' on loss provisions
JPMorgan analysts said Barclays was their top pick, followed by RBS
Bad news or good news? Comparing coronavirus impacts on the big five banks
The “good news” is that the UK’s top lenders losses were nowhere near the amount absorbed by their US cousins, one analyst said
Lloyds Banking operations chief delays retirement to help with coronavirus response
Chief operating officer Juan Colombás is a long-time colleague of boss Antonio Horta-Osório
Lloyds Banking profit plummets in anticipation of coronavirus loan hit
Britain’s biggest lender took an impairment charge of £1.4bn
Banks to reveal significant increase in bad debt provisions
Bank shares have been some of the worst blue chip performers this year, with the FTSE bank index down 40% versus a 23% decline for the FTSE 100
Coronavirus may change shareholder dividend landscape permanently
There might there be less cash available to pay dividends, from business, regulatory or tax reasons, but societal pressures might change
Archive
Investors turn to whisky as an alternative to stocks amid market turmoil
With equities tanking around the world, some investors are hitting the bottle, but not in the way you may expect...
Investors vote with feet and dump bank shares after dividend halt
The five banks account for around 12.5% of the UK's dividends
Lloyds Banking and other big banks suspend dividends after Bank of England request
The Bank also asked for bonuses paid to staff to be curbed.
Barclays , Lloyds and other big banks to be told to stop dividends
Combined, the big four banks announced £15.3bn in dividends in 2019 with around half of that due to be paid before the end of May.
Goldman Sachs slashes Lloyds earnings forecast 98% due to coronavirus
Analysts expect no dividends to be paid this year by the UK banks, apart from HSBC
Bank shares "have rarely appeared so cheap...but it is illusory", says analyst
Share prices targets were cut for Barclays, HSBC, Lloyds, RBS and StanChart
Bank of England cancels stress tests for 2020 due to coronavirus
Last year’s stress tests of seven banks indicated the banking system was in a position to withstand an economic shock more severe than the global financial crisis
Banks face flood of bad debt but “have capacity” to deal with coronavirus shock
Analysts at RBC Capital Markets on Tuesday slashed their banking sector forecasts for 2020 and 2021 by 30% and 20%
Lloyds Banking Group and OneSavings Bank receive base rate boost; but blink and you might miss it
The UK’s High Street lenders were put on notice by the Prudential Regulation Authority, which told them not to waste cash on boosting dividends and bonuses
Lloyds least and Barclays most exposed to potential coronavirus stress, says RBC
RBC ran its own stress tests to analyse potential market scenarios from the growing Covid-19 outbreak
Coronavirus: Lloyds, RBS and Barclays ease rules to help Covid-hit customers
Italy’s government also said on Tuesday that payments on residential mortgages will be suspended for the whole country
Lloyds, Direct Line to cut hundreds of jobs
The bank will sack 780 workers while the insurance company will reach 800 cuts
Lloyds capital outlook "bodes well for dividends" say analysts
“Despite a spike in bad loans in 2019, the bank doesn’t expect conditions to get worse next year”