Lloyds Banking Group cuts 865 jobs
9th Sep 2020 11:56
(Sharecast News) - Lloyds Banking Group is cutting 865 jobs as it revives restructuring plans put on hold during the Covid-19 crisis.
Read moreHedge fund makes record bet against Lloyds shares
28th Aug 2020 15:28
(Sharecast News) - One of Europe's biggest hedge funds has made a record bet against Lloyds Banking Group's share price, according to a report.
Read moreUK business confidence sees biggest rise in three years, Lloyds Bank says
28th Aug 2020 08:55
(Sharecast News) - Business confidence in the UK improved for a third consecutive month in a row in August, the results of a closely-followed survey showed.
Read moreFCA tells lenders to give extra help to mortgage borrowers
26th Aug 2020 11:26
(Sharecast News) - The Financial Conduct Authority has told lenders to provide extra support for mortgage customers in difficulty after payment holidays run out in October.
Read moreFTSE 100 movers: Financials pace both gains and losses
3rd Aug 2020 18:35
(Sharecast News) - Financials topped the leaderboard at the start of the month, shaking off the read-across from HSBC's latest interim results and subsequent share price drop.
Read moreSunday newspaper round-up: BT Group, Big Lenders, Travel firms
2nd Aug 2020 18:23
(Sharecast News) - Could a French telecoms billionaire be circling BT's Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi has set his sights on the division that maintains Britain's telephone lines and internet cables. Drahi, a powerful dealmaker, now resides in Switzerland but made his fortune in France building telecoms groups Altice. The rumour claims that one of the Altice companies Drahi controls - perhaps Altice USA - has secured financial backing from heavyweight bankers at JP Morgan with a view to paying £20billion for the unit. - Mail on Sunday
Read moreFriday broker round-up
31st Jul 2020 14:11
(Sharecast News) - Greencore Group: Berenberg reiterates buy with a target price of 200.0p.
Read moreEurope midday: Losses accelerate as investors fret over epidemic's path
30th Jul 2020 10:44
(Sharecast News) - Losses in stockmarkets across Europe accelerated as investors digested data showing that German gross domestic product fell at its quickest pace on record since at least 1970.
Read moreLloyds debt provision up £2.4bn as profits plunge on grim outlook
30th Jul 2020 07:00
(Sharecast News) - Lloyds Bank set aside a further £2.4bn for bad debts in the second quarter as it swung to a heavy first-half loss and braced for a "significant deterioration" in the economic outlook amid the coronavirus pandemic.
Read moreHorta-Osorio to leave Lloyds as Budenberg appointed chairman
6th Jul 2020 07:15
(Sharecast News) - Lloyds Banking Group said Chief Executive Antonio Horta-Osorio planned to leave the bank in a year's time as it announced that Robin Budenberg would take over as chairman in early 2021.
Read moreSunday newspaper round-up: Vouchers, Grocers, Boohoo
5th Jul 2020 15:59
(Sharecast News) - Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and "face to face" retail, as opposed to online. - Guardian
Read moreUK banks escape probe into overdraft rises during Covid-19
1st Jul 2020 08:38
(Sharecast News) - UK banks were put on notice over overdraft pricing during the coronavirus crisis by the industry regulator on Wednesday, but escaped the threat of a full probe.
Read moreJefferies cuts target for Lloyds, says income profile ill-suited for current market
25th Jun 2020 08:14
(Sharecast News) - Analysts at Jefferies cut their target price for shares of Lloyds from 47.0p to 42.0p, arguing that its revenue profile was ill-suited to current market conditions - but kept their recommendation at a 'buy'.
Read moreLloyds Banking Group fined £64m by FCA
11th Jun 2020 12:36
(Sharecast News) - The City watchdog has fined Lloyds Banking Group more than £64m after the lender failed to properly manage customers who were struggling with mortgage payments.
Read moreBoE's Bailey warns bank chiefs on Brexit - report
3rd Jun 2020 15:01
(Sharecast News) - The Governor of the Bank of England has told bank bosses to step up preparations for the UK failing to agree a trade deal with the EU, according to a report.
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