UK government cuts stake in Lloyds to just under 5%
30th Jan 2017 07:24
(ShareCast News) - The UK government has cut its stake in Lloyds Banking Group to just under 5%, or 3.57bn shares, as it looks to take the bank private again in the next few months. UK Financial Investments Limited, the government vehicle set up to control taxpayers' stakes in the banks that were
Read moreLloyds' equity arm buys stake in pharma comms company Fishawack
25th Jan 2017 16:04
(ShareCast News) - LDC, Lloyds Bank's private equity arm, has bought a stake in pharmaceutical communications company Fishawack, valuing the Cheshire-based firm at £38m, according to The Telegraph. Fishawack, founded in 2001, offers a range of medical communications services and has over 230 employe
Read moreLloyd's bank accounts targeted by cyber attack
23rd Jan 2017 15:07
(ShareCast News) - Lloyd's Banking Group's three-day online banking glitch affecting 20m UK accounts was caused by a cyber attack. Cybercriminals ran a denial of service (DOS) attack from Wednesday 11 January 2017 to Friday 13 January 2017 in an attempt to block access to customers' bank accounts.
Read moreLloyds reportedly reshuffles senior jobs ahead of strategic update
20th Jan 2017 17:27
(ShareCast News) - Lloyds Banking Group has reportedly reshuffled executives ahead of a strategy review this year. The reshuffle, by chief executive Antonio Horta-Osorio, will result in creating a new role to advise on the strategic update, Bloomberg reported on Friday. Former customer services dir
Read moreJP Morgan bumps up target on Lloyds, positive on MBNA purchase
20th Jan 2017 12:18
(ShareCast News) - Analysts at JP Morgan raised their target price on shares of Lloyds, highlighting the lender´s "underappreciated" ability to generate capital while giving short shrift to some market watchers' concerns relating to management´s choice of balance between paying dividends and pursuin
Read moreWednesday broker round-up
18th Jan 2017 09:48
(ShareCast News) - Hochschild Mining: RBC Capital Markets reiterates Outperform with a target price of 290p. Pearson: Liberum reiterates Sell with a target price of 470p. IG Group: Barclays reiterates Overweight with a target price of 612p. British American Tobacco: Citi reiterates Buy with a targ
Read moreMacquarie reiterates Lloyds as top-pick, downgrades Barclays
16th Jan 2017 08:01
(ShareCast News) - Looking out to 2017, analysts at Macquarie retained their "bullish" stance on European banks, arguing that multiples in the sector were not "stretched", earnings were likely to recover further and consensus expectations were undemanding. However, their bias was for retail/commerci
Read moreGovernment sells down Lloyds Bank stake below 6pc
9th Jan 2017 07:17
(ShareCast News) - The UK government announced on Monday that its stake in Lloyds Banking Group fell below 6% after it sold 700m shares late on Friday. UK Financial Investments Limited, the government vehicle set up to control taxpayers' stakes in the banks bailed out during the credit crunch in
Read moreGovernment sells down Lloyds Bank stake
9th Jan 2017 07:17
(ShareCast News) - The UK government announced on Monday that its stake in Lloyds Banking Group fell below 6% after it sold 700m shares late on Friday. UK Financial Investments Limited, the government vehicle set up to control stakes in the banks bailed out during the credit crunch in 2008, now
Read moreSunday newspaper round-up: France, Brexit, Russia
8th Jan 2017 20:51
(ShareCast News) - France is to beef up cyber-security amid growing fears that Russian hackers could try to influence its upcoming presidential election following claims that Moscow orchestrated US computer attacks to help Donald Trump. Jean-Yves Le Drian, the defence minister, said French int
Read moreBarclays ups Lloyds to 'overweight'
6th Jan 2017 10:48
(ShareCast News) - Barclays upgraded Lloyds Banking Group to 'overweight' from 'equalweight' and pushed the target price to 75p from 55p, saying returns are supported by the planned MBNA acquisition and an improved net interest margin outlook. "We see Lloyds making a consistent around 13% return on
Read moreBroker Dowgate picks top large and small companies for 2017
5th Jan 2017 14:59
(ShareCast News) - Broker Dowgate picked out its top three share tips for 2017 for both small and large cap companies, including Lloyds Banking Group, Rightmove and Satellite Solutions. For small caps the City firm plumped for Be Heard Group, Franchises Brands and Satellite Solutions. Digital marke
Read moreLloyds to buy MBNA credit card business for £1.9bn
20th Dec 2016 07:06
(ShareCast News) - Lloyd's Bank said it was buying credit card business MBNA from Bank of America for £1.9bn. The price includes £0.8bn of acquired equity and assumes £240m for future PPI claims. Lloyds said it would take it's share of the UK credit card market to 26% from 15%. The deal will delive
Read moreLloyds not meeting no-frills guidelines for UK customers
12th Dec 2016 17:03
(ShareCast News) - Lloyds banking Group has failed to meet "fee-free" guidelines for the majority of its basic account holders, according to Treasury figures. In 2014, Britain's nine biggest banks agreed on new rules designed to widen access to banking and prevent vulnerable customers from incurring
Read moreMonday broker round-up
12th Dec 2016 15:55
(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w
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