London close: Stocks slip as US jobless claims rise
20th Feb 2025 16:06
(Sharecast News) - London equities ended lower on Thursday as investors reacted to a higher-than-expected rise in US jobless claims and a decline in UK consumer confidence.
Read moreLloyds profit misses estimates; Sets aside extra £700m for motor claims
20th Feb 2025 07:02
(Sharecast News) - Shares in Lloyds Bank surged on Thursday as the UK mortgage lender said annual profit fell 20.4%, worse than expected, and said it had set aside an extra £700m to cover potential claims against motor finance commission deals, taking the total figure to beyond £1bn.
Read moreLloyds Bank to close 136 branches in further blow to high street
29th Jan 2025 13:07
(Sharecast News) - The slow death of high street banking continued on Wednesday as Lloyds Banking Group said it was closing another 136 branches across the UK.
Read moreLondon close: Stocks higher after softer UK employment data
21st Jan 2025 16:41
(Sharecast News) - London stocks closed higher on Tuesday, as investors assessed the latest UK employment data, and watched for developments across the pond on the first full day of Donald Trump's second presidential term.
Read moreHopes of Treasury support boost car finance sector
21st Jan 2025 10:27
(Sharecast News) - Shares in car finance providers rallied on Tuesday, after the government reportedly intervened in favour of the under-pressure industry.
Read moreLondon close: Stocks firmer after UK, US inflation data
15th Jan 2025 15:03
(Sharecast News) - London's stock markets closed significantly higher on Wednesday, buoyed by positive inflation data from both sides of the Atlantic.
Read moreShore Capital favours international banks over domestics as bond yields rise
13th Jan 2025 09:02
(Sharecast News) - Shore Capital has reassessed its coverage for the UK banking sector in light of recent developments in the bond and currency markets, highlighting its preference for internationally focused lenders.
Read moreBarclays loses key motor finance court challenge
17th Dec 2024 11:05
(Sharecast News) - Barclays lost a key court challenge related to its car loan practices on Tuesday, marking a significant setback for lenders facing a potential multi billion-pound compensation bill over auto-finance claims.
Read moreLondon close: Stocks mixed as US inflation ticks higher
11th Dec 2024 15:04
(Sharecast News) - London's financial markets ended Wednesday with mixed results as investors weighed an increase in consumer inflation in the US, and its potential impact on monetary policy.
Read moreClose Brothers given permission to appeal motor finance ruling
11th Dec 2024 13:41
(Sharecast News) - Close Brothers shares surged on Wednesday after the Supreme Court agreed that it could appeal a landmark ruling on motor finance commissions.
Read moreLondon close: Stocks finish week on positive note
22nd Nov 2024 16:06
(Sharecast News) - London's equity markets ended the week on a high note, as investors digested an improvement in UK consumer confidence, even as other indicators such as business output and retail sales painted a more challenging picture.
Read moreRBC cuts target prices for UK banks after motor finance ruling
31st Oct 2024 14:20
(Sharecast News) - RBC Capital Markets has cut target prices for a number of UK-listed banks after this week's landmark ruling on motor finance commissions, saying that the news brings about an increased level of uncertainty and potential downside for lenders.
Read moreLondon close: Stocks close higher as investors look to Budget
28th Oct 2024 15:17
(Sharecast News) - London stocks had swung back into positive territory by the close on Monday, as investors prepared for a number of upcoming corporate earnings reports and the Autumn Budget.
Read moreLloyds assessing implications of motor finance court rulings
28th Oct 2024 07:16
(Sharecast News) - Lloyds Banking Group updated the market on recent Court of Appeal rulings concerning motor commission arrangements on Monday, which set a new standard for motor dealers acting as credit brokers, requiring them to disclose commissions paid by lenders more comprehensively to customers.
Read moreLondon close: Stocks finish mixed ahead of Budget next week
25th Oct 2024 17:33
(Sharecast News) - London markets closed with mixed results on Friday as caution weighed on investor sentiment, driven by concerns over weakening consumer confidence and the forthcoming Budget.
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