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Lloyds appoints independent reviewer for HBOS fraud compensation claims
Lloyds has appointed an independent reviewer for the HBOS fraud for which six people were jailed earlier this year
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 should 'distribute and dominate' say Societe Generale banking analysts if they were 'CEO for a day'
The analysts said: “Lloyds has paid a special dividend for two years and we expect this to continue, and to be a larger size. We expect a dividend yield of 8% for each of the next three years“
OneSavings: like Lloyds, but without the PPI millstone
OneSavings Bank is a challenger bank. Who is it challenging?
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Five reasons government may be stalling on RBS share sale after trimming Lloyds stake
Amid legacy issues and a major restructuring at RBS, the government has put its plans to sell a further stake in the bank on ice
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Taxpayer stake in Lloyds now below 3% as return to private ownership in sight
UK Financial Investments, which manages the government's stakes in bailed-out lenders, has reduced its holding to 2.95% following further share sales.
FTSE 100 ends higher before Fed rate decision
FTSE 100 shares ended higher on Wednesday, thanks to buoyancy in the pharma and mining sectors while a US rate card was considered in the bag, priced and sold on the market
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What to make of Challenger Banks
Newcomers offer higher ROE, higher growth and attractive cost:income metrics
FTSE shares end lower as sterling marks 8-week low vs dollar on Brexit jitters
FTSE 100 shares closed lower on Tuesday after investors turned edgy over Brexit plans which hit banking and retail shares as well as took sterling to an 8-week low against the US dollar
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Tesco chairman only "joking" when he said white men an "endangered species" in UK boardrooms
John Allan, who became Tesco chairman in 2015, told the Retail Week Live conference last week that women and people from an ethnic background were in an "extremely propitious period" when it came to getting top jobs in business
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Lloyds sets aside further £350mln provision for mis-sold PPI claims
Lloyds has put aside a further provision for PPI claims, which will be included in the bank's first quarter results
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Lloyds Banking has income appeal suggests Deutsche
A 6-7% cash dividend yield is attractive for income investors
FTSE 100 stocks dragged lower by miners and copper price drop shock
The FTSE 100 was down 32 points to 7,342 shortly after 3.15pm on Monday
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UBS likes the “improved outlook” at Lloyds
“We expect improving confidence in margin and loan losses to see the share re-rate”
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Outlook unclear for UK's biggest lenders after mixed bag of full year earnings
It's been a rollercoaster week of UK banking results with an underwhelming finale from RBS and Lloyds impressing with its highest profits in a decade
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Lack of profitability in core business a concern for RBS, says analyst
It was the ninth consecutive loss from RBS and worse than City scribes had expected
FTSE 100 ends lower on the week as loss-making RBS drags ticker south
London’s FTSE 100 ended lower on Friday, dragged lower by heavyweight loser RBS after it reported a ninth straight year of losses
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Storm Doris and Whirlpool willies
What's trending? Storm Doris and Whirlpool tumble dryers; banking behemoths Barclays and Lloyds; British American Vaping ... er ... Tobacco; and Deltex.
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Goldman Sachs declines to join the Lloyds lovefest
Goldman Sachs bursts the Lloyds bubble, complaining that the mortgage book is not shrinking as quickly as predicted
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Lloyds reveals UK taxpayer stake is now below 4%, a day after its strongest results for over a decade
The UK Treasury’s shareholding is now approximately 2.76bn shares, down from the 3.57bn shares it held when it last disposed of a tranche at the end of January.
FTSE ends lower as Wall St adds to ex-divi stock blues
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
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Lloyds applies for licence to open Berlin subsidiary amid Brexit as it reports full year results
Lloyds chief executive Antonio Horta-Osorio said the bank's future underlying performance is tied to UK economic growth amid Brexit uncertainty
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Lloyds Banking: Once more a share for widows and orphans
It's often not a bad starting point to assume that everything the government does is wrong, so as the government has been selling shares in Lloyds, should you be buying?
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Lloyds puts in robust performance - City analyst
Statutory pre-tax profit was £4.2bn in the year to December 31, more than double the £1.6bn recorded a year earlier
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Lloyds announces special dividend as full year pre-tax profits more than double
Lloyds has raised its dividend 13% as strong capital generation offset the impact of its MBNA acquisition
Investments and investor services
FTSE 100 shares end higher as Unilever seeks more shareholder value
FTSE 100 shares ended higher on Wednesday, as Unilever talked up a review to show more shareholder value and Lloyds Banking posted its highest profit in a decade
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Day ahead: Dividends, no PPI provisions the focus in Lloyds Banking Group results
Lloyds is forecast to report a a jump in 2016 pretax profits to around £4.4bn, up from £1.6bn a year earlier when it was hit by a huge bill for PPI scandal provisions.
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HSBC drags sector peers lower as it kicks off busy week of UK bank earnings
HSBC shares have tanked today as its earnings missed forecasts, weighing down fellow UK lenders due to report later this week
Investments and investor services
FTSE shares fall led by HSBC earnings disappointment
FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
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HSBC faces questions over plan to replace chairman as it reports full year results
HSBC's succession plan will be the key focus when the bank reports its full year earnings tomorrow.
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Week ahead: Housebuilders and banks dominate agenda with slew of earnings
Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
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Champagne drinkers face higher prices over next year as impact of Brexit vote on the pound takes its toll
A “triple whammy” of Brexit, inflation and possible rising alcohol duty is forecast to push up the prices of champagne and prosecco in the UK by £1 and 59p per bottle.
FTSE 100 closes higher with banks betting on March US rate hike
FTSE 100 shares closed higher on Wednesday, led by banking shares which teamed up with their Wall Street brethren to cheer on what may be a US rate hike as soon as March
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Lloyds considers compensation pay-out for fraud victims
The state-backed bank is appointing an independent consultancy to see if it has to pay compensation for offences committed before it bought out HBOS
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HSBC upgrades Lloyds to ‘buy’ as it concludes market was right to "re-think its initial negative view on Brexit"
The bank's analysts hiked their target price for the part-taxpayer owned lender to 75p from 60p, leading them to upgrade their rating to ‘buy’ from ‘hold’.
FTSE 100 shares soft but Randgold and small caps jump
FTSE 100 stocks ended lower with sombre Wall Street shares on Monday although gold miner Randgold Resources was the stand out gainer while small-caps scaled record highs
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Market has Lloyds Bank all wrong, says Jefferies as it upgrades
The US broker has now set 82p (from 67p) as its fair value mark
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Sex parties, exotic holidays, and cash-filled brown envelopes fuelled £245mln banking fraud
Two former HBOS bankers and four other people were yesterday found guilty of a major fraud which contributed to losses that led to the taxpayer-funded rescues of several UK banks.
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Taxpayers' stake in Lloyds falls below 5% after government sells more shares
Lloyds said the UK Treasury has reduced its shareholding to approximately 3.57bn shares down from the 4.24bn shares it held previously.
FTSE 100 shares fall after Trump’s travel ban order
FTSE 100 shares ended lower on Monday, following falls in Asia and Europe after President Donald Trump's decision to impose a travel ban on seven Muslim-majority countries
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Cyber criminals targeted Lloyds Banking Group websites with 'denial of service' attack
According to media reports, Britain's largest mortgage lender was hit by a distributed denial of service (DDoS) attack on January 11, which carried on for two days.
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UBS is upbeat on Lloyds but says Brexit is a ‘sentiment risk’
“As Britain prepares to invoke Article 50 to begin the process of negotiating its exit from the EU it seems right to assume that sentiment, and perhaps Sterling too, will be volatile,” he added.
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Deutsche says Lloyds Banking Group has limited upside
DB says Lloyds shares are already close to fair value, even though the MBNA deal has boosted the bank.
Investments and investor services
FTSE ends lower as 14 days of highs peter out
FTSE 100 index closed down 0.2% at 7,327 on Monday, as the 14-session record high winning streak crashed after shares in banks and oil companies slipped
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Trending - Lloyds edging back to private hands and Aldi popping corks on Christmas sales
A look at some of the hot, trending stories of the day
FTSE 100 hits fresh record high as sterling sags
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
FTSE 100 stocks close at record high as sterling slips again
FTSE 100 stocks closed the week robustly, reversing initial losses to chalk a fresh record high on Friday – its seventh consecutive day – as further sterling falls benefited blue-chip companies
Market movers - Panmure shares rise; Horizon Discovery in focus
The gas storage specialist InfraStrata was top London gainer on Friday
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Lloyds Banking Group receives boost as Barclays upgrades rating
Analysts at the bank have hiked their stance for Lloyds to ‘overweight’ from ‘equal-weight' and raised their share price target to 75p from 55p.
FTSE 100 in positive territory, Panmure spike a mystery
Footsie was expected to hit another high today, but it has not happened yet
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Sirius Minerals named among the ‘top tips’ for 2017
Here we take a look at the medium and small cap companies included among Fleet Street's top stock market tips for 2017.
FTSE 100 and small-cap stocks chalk record highs
FTSE 100 and small-cap stocks ended at fresh record highs on Tuesday, the first session of 2017, after being buoyed by higher Wall Street on bullish US factory data, 18-month high oil prices and even bumper Chinese data
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FTSE 100 closes on new high, boosted by precious metals miners
The 'Santa rally' and a strong showing from miners meant the UK premier index closed up around 37 points
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Big credit card bill: Lloyds Banking Group buys MBNA UK for £1.9bn in cash
Lloyds anticipates it will be able to deliver £100mln in annual cost synergies from the integration within two years, around 30% of the total cost base for MBNA in 2015.
Investments and investor services
FTSE 100 shares eke out gains, but mid-caps slip
FTSE 100 shares eked out light gains but mid-caps ended softer in a non-event session on Tuesday as markets began winding down for the holiday season
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FTSE stocks led higher towards 7000 by banks, but miners reel from Fed rate hike
FTSE 100 stocks closed higher on Thursday, just shy of the 7000 mark, but the theme of the session was all about weaker sterling in the wake of the US interest rate hike overnight
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Taxpayer stake in Lloyds Bank falls below 7% after more shares sold
In a statement today, Lloyds said the government has reduced its stake in the bank by about 1 percentage point to 6.93%, or to about 4.9 bln shares, down from 5.7 bln previously.
Archive
Lloyds Bank a 'sell' as Goldman frets over mortgage book
Goldman sees the next two quarterly updates as key catalysts for the shares
FTSE 100 shares fall despite oil gains
The London market slid despite shares in oil companies being boosted by a jump in oil prices
Investments and investor services
FTSE 100 shares close higher after ECB returns to lower QE
FTSE 100 shares closed higher on Thursday, buoyed by news that the euro zone will curb its quantitative easing programme next April
FTSE 100 stocks march higher, miners lead
FTSE 100 stocks marched higher on Wednesday with miners the top gainers
Investments and investor services
FTSE 100 shares close firm with oil while Italy is side-stepped
FTSE 100 shares closed firm on Monday, having brushed off the turmoil in Italy following a “no” vote in the euro zone country’s referendum which led premier Matteo Renzo to tender his resignation, as oil prices continued to extend gains
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Goldman Sachs still a buyer of RBS. Here's why..
RBS and Standard Chartered both feature on Goldman’s ‘buy’ list in the wake of the stress tests
FTSE 100 dragged lower by banks and oil
FTSE 100 stocks fell on Monday, dragged down by bank worried about a vote in Italy and oil investors fretting over OPEC’s much-anticipated supply cut meeting this week
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Lloyds deal will work, negativity ‘excessive’, says this well followed broker
Aussie house Macquarie sees the deal boosting next year’s earnings per share (EPS) by around 5%.
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Government reduces stake in Lloyds Banking to less than 8%
The sale could revive disgruntlement over the decision not to offer the shares to private investors, as promised by the previous chancellor of the Exchequer
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Brokers: Hargreaves Lansdown's new cash platform prompts upgrade
Hargreaves Lansdown, Antofagasta, Atlantis Resources are all under the broker microscope today
Archive
RBS, not Lloyds, better prepared for mortgage battle - Goldman
RBS should be able to offset the bulk of margin pressure with strong loan growth.
Investments and investor services
FTSE 100 stocks sink as US election jitters intensify and sterling surges
FTSE 100 stocks closed sharply lower on Friday – with losers topping 50% of the market for the first time this year - as US election jitters came to a head, non-farm payrolls Stateside did little to bolster global markets, and sterling rose
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Are UK banks ‘raging buys’ after this week’s results?
Chartist Zak Mir puts RBS, Lloyds and Barclays under the spotlight.
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Pearson 'could do better', Barclays applauded and GSK gets a broker boost
A look at some analyst takes on a variety of stocks on Thursday
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Downgrades all round for Whitbread, Goldman not a fan of the grocers
A look at some of the City analyst views on Wednesday
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Lloyds Banking disappoints, but at least the divi looks safe
Profits came in below expectations and the PPI provision was a nasty surprise, but healthy capital generation bodes well for the dividend
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Another PPI spanking for Lloyds Banking
The PPI provision reduced reported profit before tax to £811mln
FTSE 100 stocks give up 7,000 level as miners come off on copper warning
FTSE 100 stocks gave up the 7,000 level on Wednesday as mining stocks dragged the market lower
Lloyds and a 'hard' Brexit in focus
Investors will be looking for any comment on a potential 'hard' Brexit in the Lloyds statement
Lloyds Banking and RBS to give post-Brexit vote updates
Britain's banks had enough on their plates already, but the Brexit vote made things more complicated still
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Lloyds is favourite stock for private investors; don’t they deserve a chance to buy from the taxpayer?
Westminster is snubbing the public as it flogs the taxpayer’s stake in Lloyds behind closed doors – but, according to leading stockbroker TD Direct, private investors are natural long-terms holders for the banking shares.
Archive
‘HSBC better than RBS, Barclays and Lloyds.’ Chartist puts the global bank under spotlight
As a global operator HSBC has outperformed domestic rivals such as RBS, Barclays and Lloyds in the aftermath of the Brexit vote.
Investments and investor services
FTSE100 shares flirt with record high close
FTSE 100 shares came within a handful of points of marking a fresh record high close on Monday, but for all the gains of mining stocks the ticker just could not muster the umph to triumph
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Chancellor shuns public in final Lloyds share sale
The new Chancellor has abandoned a plan by his predecessor George Osborne to sell the shares to the public at a 5% discount
Investments and investor services
FTSE 100 closes below 7,000 on Brexit and US jobs worries
IGas was on a charge after a milestone decision for the UK shale gas industry
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Lloyds can keep coasting even though the UK remains a distressed seller
The UK government has a 73p breakeven price, and as a distressed seller it will keep a lid on any rally - but King of Charts Zak Mir says the price can keep coasting at current levels.
FTSE 100 pares losses after banks recover
FTSE 100 shares dug themselves out of a hole to close just softer on Friday after banks recovered from heavy falls on speculative reports that troubled Deutsche Bank's US fine may be reduced
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Sainsbury's checked out by Jefferies, which cuts target
An early look at some City analyst views on Monday morning
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Lloyds on the Goldman 'sell' list, while Barclays and RBS are hit by Deutsche woes
Goldman Sachs downgraded the black horse bank to sell even though it reckons the lender's strategy is essentially sound. Find out why.
Investments and investor services
FTSE 100 closes lower as pound flirts with lowest post-Brexit levels
The FTSE 100 index closed lower in a widespread sell-off while the pound flirted with its lowest level against the euro since the Brexit vote
RBS has a shocker post-Brexit
It was better news for the miners which have rallied since June’s EU referendum
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Santander quits race to buy branches from Royal Bank of Scotland
Spanish bidder drops interest in branches after a pricing row
Investments and investor services
FTSE100 ends unchanged in Fed vigil
UK stocks ended flat on Wednesday as jitters ahead of the Federal reserve’s rate decision set in
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Sell Royal Bank of Scotland, buy Lloyds Banking, reckons SocGen
The UK economy so far has also held up better than expected
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Brokers: Randgold Resources upgraded as UBS sees dividend potential
Also, Sports Direct, Enquest, Pearson, Hurricane Energy
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Royal Bank of Scotland: Is it time to cut your losses?
The Square Mile’s number crunchers really don’t like this stock. Here's why ...
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Lloyds Banking still offers value among majors, says broker
Lloyds Banking Group is the “last man standing” for investors according to Investec’s Ian Gordon.
UK shares close lower as oil and bank stocks sink
London shares closed lower on Tuesday after a session where it only briefly rose on the day, thanks to lower oil and bank stocks
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Barclays switches to 'overweight' on Zoopla
An early look at some analyst views from the City
UK top line shares dip on oil glut setbacks, but smaller stocks rise
Crude prices pared 5% gains as Russia and Saudi failed to act
London shares end lower as PMI data reveals business costs rising
London shares ended lower on Thursday as a robust manufacturing survey was interpreted as adding to production costs, rather than boosting exports in the wake of Britain’s vote to leave the European Union