Standard Life Aberdeen contests Lloyds' decision to pull £109bn in funds
Standard Life Aberdeen is in talks to try to resolve its dispute with Lloyds
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.
1365 stories · page 10 of 14
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RBS to close 162 branches as part of Williams & Glyn cull
Lloyds has also been closing branches as more customers switch to online and telephone banking
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RBS shares fall as analysts raise concerns about looming US misconduct fine
The bank's outlook continues to be overshadowed by the impending settlement with the US Department of Justice
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TSB to waive £10mln in fees to stop customers from jumping ship after IT meltdown
TSB has warned issues with its online banking system may not be fully fixed until next week
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RBS first quarter results to be overshadowed by impending US mortgage mis-selling fine
Litigation and conduct costs have held back RBS from resuming dividend payments and returning to private ownership
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Mixed response to Lloyds results: Deutsche Bank cuts price target, Berenberg ups it
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
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Lloyds dividend yield 'attractive' but higher impairments and PPI scandal weigh, say analysts
A rise in impairment provisions is “slightly troubling given a fairly benign economic backdrop", said Richard Hunter, head of markets at Interactive Investors
Stellar Diamonds shares leap as court approves its acquisition by NWF
A look at some of the biggest risers and fallers in London on Wednesday
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Lloyds first quarter profit boosted by MBNA and lower PPI charges
Lloyds took a £90mln hit related to claims for the payment protection insurance mis-selling scandal
FTSE 100 pares losses as US bond yields rise above 3%
Resource stocks suffer as US dollar makes headway on forex markets
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TSB boss apologises for IT meltdown after Treasury Select Committee demands answers
Nicky Morgan, the chair of the Treasury Committee, wrote to the TSB boss demanding answers to the IT chaos
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Big results day for banks and drugs as Lloyds and GlaxoSmithKline step up to the plate
Day ahead includes first-quarter updates from blue chip firms Lloyds Banking Group, GlaxoSmithKline, Whitbread, and Persimmon ...
Meggitt sells Precision Micro to Lloyds Banking Group’s LDC for £22.5mln in cash
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
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Financial Ombudsman intervenes in TSB internet banking crash
TSB said on Monday afternoon that it was still experiencing "intermittent issues" with its services
Investments and investor services
FTSE 100 closes higher, buoyed by hopes for City post-Brexit
FTSE 100 closed around 30 points higher at 7,398 on Minday
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Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
FTSE 100 closes in the black as Shire surges; tobacco stocks drift lower
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
Investments and investor services
Unilever, Debenhams and Rentokil Initial in the spotlight as updates loom
Thursday looks a pretty busy day for investors with a number of important updates due.
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Lloyds to close 49 branches, cut 305 jobs in UK
Lloyds said the branch and job cuts are part of its plans to focus on improving its digital offering
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High street issues to the fore as Debenhams, JD Sports, and Primark owner AB Foods provide updates
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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FTSE 100 closes modestly higher as Syrian fears recede
After an up-and-down day, the FTSE 100 finished in positive territory after a late surge
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Deutsche Bank trims targets for Lloyds, RBS, HSBC in preview of upcoming first-quarter results
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
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Credit Suisse ups estimates for Lloyds Banking Group, says continues to be its preferred UK lender
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
FTSE 100 closes positively, just, but miners weigh
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
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Virgin Money and Standard Life Aberdeen investment arm form asset management services joint venture
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
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Barclays Capital initiates coverage of major UK banks with a preference for new top pick, Lloyds
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
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Deutsche Bank trims target price for Lloyds to 80p from 83p, retains ‘buy’ rating
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.
Standard Life Aberdeen expected to raise capital returns after life assurance sale
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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Standard Chartered to take the bow for banking results, as Persimmon starts for the housebuilders
Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
Standard Life Aberdeen seals £3.24bn life assurance sale to Phoenix a week after Lloyds funds withdrawal blow
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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Blue chip banking finale due on Friday with full-year numbers from Royal Bank of Scotland
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
FTSE 100 closes in red, despite US market turnaround
In London, the FTSE 100 closed down around 29 points at 7,252
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Lloyds serves up 'tasty' dividend yield but analysts wary of economic downturn
"A shock to the domestic economy would be keenly felt by the bank," said Hargreaves Lansdown's Laith Khalaf
Lloyds hikes dividend and unveils £1bn buyback as profits jump but miss forecasts
Lloyds reported its highest pre-tax profit since 2006 but it fell short of market forecasts
Investments and investor services
FTSE 100 ends in positive territory, bolstered by miners and weaker pound
The premier UK share index closed up around 24 points at 7,281.
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Lloyds Banking expected to increase focus on digital offering in its strategic review
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
FTSE 100 makes up some ground to close a tad lower as earnings disappoint
The minister responsible for Britain's exit from the EU, David Davis said the UK would lead a “global race to the top"
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One-offs to muddy HSBC's full-year results as global lenders kicks off sector reporting season
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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Banks to feature strongly in deluge of blue chip earnings, including Lloyds, RBS, Barclays
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
Lloyds pulls £109bn in funds from Standard Life Aberdeen on competition concerns
Standard Life Aberdeen expects to take a £40mln hit following the decision by Lloyds to pull the funds
Investments and investor services
FTSE 100 closes up, boosted by mining stocks and as pound strengthens against the dollar
The UK's blue-chip index closes up 20.84 points to 7,234.81
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Barclays charged by SFO over loan to Qatari investors in 2008 fundraising
Britain’s Serious Fraud Office charged the lender with unlawful financial assistance
Investments and investor services
FTSE 100 heats up as defensives are given the cold shoulder
The index of blue-chip shares eased off a little in the final half-hour
Lloyds bans Bitcoin purchases on credit cards as cryptocurrency slide continues
Bitcoin fell to its lowest point since April 2013 on Friday as regulators crack down on trading of digital currency
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Lloyds may announce £1bn buyback at 2017 results, says Credit Suisse
Credit Suisse repeated an ‘outperform’ rating on Lloyds and raised its target price to 85p from 80p
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Lloyds Banking Group among the fresh intake for year two of "Dogs of the Footsie"
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
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Lloyds and Barclays to lift capital returns in 2018, Deutsche Bank expects
Deutsche Bank repeated a 'buy' rating on Lloyds and Barclays and raised its target price on both stocks
FTSE 100 clocks up 50 point gain despite strength of sterling
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
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Lloyds Banking Group aiming to get Berlin office ready for post-Brexit business by the year-end
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
Carillion pleaded with government for short-term £150mln loan to avoid collapse
Shareholders are said to be considering taking legal action against Carillion
Lloyds and Nationwide lend support to small firms hit by Carillion collapse
Lloyds said it would provide a £50mln fund for small businesses within Carillion's supply chain
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FTSE 100 closes lower for third day in a row
The fall-out from the Carillion collapse continued, the US market saw more volatility, meanwhile, Bitcoin continued to slump testing US$10,000.
Carillion collapse puts contracts at risk but presents opportunities for sector peers
Carillion's contracts, joint venture partners and lenders are hanging in the balance after confirming its collapse
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Bank swaps: Morgan Stanley upgrades RBS, downgrades both Lloyds and Barclays
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
FTSE 100 feeds off Wall Street rally to close near 7,700
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
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Lloyds, BP, Shell offer yield hunters plenty of food for thought
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
FTSE 100 closes in positive territory but off session highs
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
Housebuilders boosted by Brexit 'breakthrough' and well-received Berkeley interims
Prime Minister Theresa May has secured a deal with European Union to move Brexit talks onto the next phase
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Lloyds, RBS, Barclays and HSBC gain as analysts see new Basel III rules as positive
Shares in Lloyds, RBS, Barclays and HSBC rose after the Basel Committee ended a year-long deadlock on bank capital rules
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Lloyds sells London HQ to a Chinese property investment company for an undisclosed price
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
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Lloyds capital requirements may impact potential for dividend growth, says Goldman Sachs
Goldman Sachs cut its target price on Lloyds by 4% to 53p and repeated a ‘sell’ rating on the stock
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FRC says should have been faster to investigate why KPMG OK'd HBOS's accounts ahead of rescue by Lloyds
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"
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Lloyds to close a further 49 branches as more customers turn to online banking
Lloyds has been closing down branches in response to less in-store visits as more consumers turn to convenience of online banking
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Lloyds able to maintain dividends but may need to lift capital target after stress tests, say analysts
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
FTSE 100 closes lower as pound firms amid Brexit bill breakthrough
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
Ocado shares stay strong, Physiomics soars, but Torotrak tumbles
Some of the biggest risers and fallers in London on Monday
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Lloyds, RBS, Barclays and HSBC can handle Brexit risks, Bank of England's stress test reveal
All UK lenders passed the central bank’s test for being able to withstand another financial crisis
Investments and investor services
FTSE 100 makes strong gains with Royal Dutch Shell in support
London's FTSE 100 closed the day sharply higher, up over 1% to 7,460
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Stress tests for UK banks eyed, plus updates from retailers Topps Tiles and Pets at Home
Day ahead to include latest BoE stress test results from UK banks, and updates from specialty retailers Topps Tiles and Pets at Home
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BoE’s UK bank stress tests 'most important' for Lloyds and Barclays
The key takeaway for Lloyds will be the extent to which a net drawdown implies a Pillar 2B capital requirement
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RBS won't fail this year's UK stress tests, RBC expects
RBS will be in focus in this year's stress test after the government revived plans to sell its stake in the lender
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Lloyds and HSBC to come out on top but RBS to flop in BOE stress tests, says JP Morgan
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
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Lloyds and NS&I give Brexit-hit savers a boost after Bank of England lifts interest rates
Lloyds will add 0.15% to its savings rates, including its Cash ISA
State-backed NS&I to shorten the odds on Premium Bond prizes after BoE rate hike
The government-backed savings provider said rates will rise across its variable product range in a "welcome boost" to savers
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After a strong post-Brexit recovery, are Lloyds, RBS, Barclays and co set to run out of steam? HSBC thinks so
“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”
FTSE 100 ends the week on a firm note
The blue-chip index finished the day above the 7,500 level
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Barclays suffering its biggest share price slide since the Brexit vote slump
Barclays' shares took a spanking today, with the stock tumbling by almost 7%, chopping around £2bn from the bank’s market value
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JP Morgan expects dividend hikes from Lloyds this year and next; raises price target
“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%”
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PPI provision worries might be fading, but loan impairments still rising at Lloyds Banking Group
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
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Lloyds Banking Group “more of a Mondeo than a Maserati”, according to Hargreaves Lansdown
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”
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Lloyds profits jump on absence of fresh PPI provision but shares fall amid Brexit fears
Lloyds which has had a strong stretch of profit growth is facing mounting risks from its exposure to unsecured lending
Investments and investor services
FTSE 100 closes over 1% lower as sterling spikes
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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Lloyds Banking looking to put its trials behind it
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
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Former head of City regulator to give secret evidence in Lloyds-HBOS trial
Former Financial Services Authority chief Sir Hector Sants is due to give evidence in December
FTSE 100 near flat at close after quiet day's trading
Around 4pm, the UK blue chip index was up about 8 points to 7,531
Lloyds, Barclays and RBS under the microscope with release of third quarter earnings
The week ahead includes third quarter earnings from Lloyds, Barclays and RBS along with trading updates from Shire, IAG and GSK
ASOS in fashion as HSBC upgrades its stance to 'buy' from 'hold' following recent results
A look at some of the biggest risers and fallers today in London
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Lloyds takeover of HBOS was 'good value' for shareholders, court hears
About 6,000 shareholders are suing Lloyds over the ill-fated takeover of HBOS in 2008
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.
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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
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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
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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
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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
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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
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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
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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