Lloyds Q1 46% profit jump beats expectations
3rd May 2023 07:03
(Sharecast News) - Lloyds Bank became the latest UK lender to beat quarterly profits forecasts as earnings surged on the back of higher interest rates, although deposits fell sharply.
Read moreWednesday preview: US Fed decision, Lloyds in focus
2nd May 2023 13:35
(Sharecast News) - All eyes on Thursday would be on the US central bank as it announced its latest policy decision.
Read moreBoE hikes by 25bp, says inflation likely to fall sharply over rest of 2023
23rd Mar 2023 10:14
(Sharecast News) - The Bank of England went ahead and raised rates as expected, saying that global growth was expected to be stronger than anticipated in the February Monetary Policy Report.
Read moreCiti reiterates 'buy' rating on four UK bank stocks
10th Mar 2023 13:38
(Sharecast News) - Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.
Read moreLLoyds Bank posts flat profit on higher impairment charge
22nd Feb 2023 07:02
(Sharecast News) - Lloyds Bank reported flat annual profits with higher net income and lower costs were offset by impairment charges due to the worsening economic outlook.
Read moreWednesday preview: Fed meeting minutes, Lloyds in the spotlight
21st Feb 2023 14:32
(Sharecast News) - Investors' attention on Wednesday would be on the minutes of the US central bank's 31 January-1 February policy meeting.
Read moreLloyds, Halifax to close 40 branches
20th Jan 2023 10:10
(Sharecast News) - High street banks Lloyds and Halifax have announced further branch closures across England and Wales between April and June this year.
Read moreSunday newspaper round-up: Strikes, Lloyds, Aston Martin
18th Dec 2022 23:44
(Sharecast News) - Strikes by Border Force were threatening the first restriction free Christmas in over three years for millions of passengers. More than 1,000 members of the Public and Commercial Services (PCS) union were due to strike from Friday. People arriving in the UK might be made to wait in queues at passport controls for over two hours. Contingency plans also contemplated the possibility that they might be held on jets in order to avoid overcrowding in arrival halls. - The Sunday Times
Read moreJPMorgan upgrades Barclays, downgrades Lloyds
6th Dec 2022 08:53
(Sharecast News) - JPMorgan Cazenove rejigged its ratings on UK and European bank stocks on Tuesday as it turned more cautious on the sector relative to consensus, arguing that slower economic growth will weigh on sentiment.
Read moreDirector dealings: Lloyds director makes share purchase
1st Dec 2022 15:19
(Sharecast News) - Lloyds Banking Group revealed on Thursday that non-executive director Cathy Turner had acquired 424,113 ordinary shares in the FTSE 100-listed retail banking company.
Read moreRBC Capital Markets upgrades Lloyds, downgrades NatWest
25th Nov 2022 08:05
(Sharecast News) - RBC Capital Markets upgraded Lloyds on Friday, but downgraded its stance on shares of NatWest.
Read moreUK govt unlikely to impose windfall tax on banks - report
31st Oct 2022 08:39
(Sharecast News) - Bank stocks rallied on Monday following a report the government had denied suggestions it is considering a windfall tax on the sector as one means of closing the budget hole.
Read moreSunday newspaper round-up: Bank windfall tax, Octopus Energy, Royal Navy
30th Oct 2022 10:24
(Sharecast News) - Two high-ranking sources near to the new Prime Minister and Chancellor gave short shrift to the idea that a new tax might be levied on lenders. Indeed, during his time as Chancellor, Rishi Sunak had looked at ways to bolster the City after Brexit, whereas bankers have been warning Jeremy Hunt that a tax raid would only hamstring such plans. Furthermore, government sources expect that Hunt will lower the current eight per cent tax surcharge on banks' earnings to three per cent, as had also been planned by Sunak, while raising corporation tax from 19 per cent to 25 per cent for a total levy on banks of 28 per cent. - The Sunday Times
Read moreLloyds Bank Q3 profits fall on bad loans, raises NIM forecast
27th Oct 2022 07:01
(Sharecast News) - Lloyds Bank lifted net interest margin guidance despite a fall in third quarter profit and rise in bad loan charges as the economic crisis started to worsen.
Read moreHunt mulling windfall tax for banks - report
19th Oct 2022 07:11
(Sharecast News) - New chancellor Jeremy Hunt is considering upping the amount of tax paid by banks as he looks to plug funding gaps, it was reported on Wednesday.
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