London close: Stocks plummet on second day of Trump trade war
4th Apr 2025 16:09
(Sharecast News) - London markets suffered steep losses on Friday after China announced it would impose retaliatory tariffs of 34% on US imports, intensifying the ongoing trade conflict with Washington and rattling global investor sentiment.
Read moreBank apps returning to normal after payday delays for second month in a row
28th Feb 2025 10:51
(Sharecast News) - Millions of UK bank customers were reportedly facing issues receiving their wages on Friday, as Nationwide, First Direct, Lloyds, and Halifax experienced online banking issues.
Read moreUK lenders 'paid car dealers' up front in pricier loan deals - report
21st Feb 2025 13:08
(Sharecast News) - UK lenders paid "advance commissions" to car dealers that may have encouraged them to push costlier loans on to consumers, the Guardian reported, citing legal filings linked to the motor finance scandal.
Read moreLloyds kicks off £1.7bn share buyback
21st Feb 2025 07:24
(Sharecast News) - Lloyds Banking Group kicked off a share buyback programme worth up to £1.7bn on Friday, following its announcement on 20 February.
Read moreLondon 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.
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