Top BoE official says rates may need to be raised by more than expected
12th May 2022 10:57
(Sharecast News) - The Bank of England may need to hike official interest rates by more than what financial markets are currently pricing in, one of the central bank's top officials said.
Read moreLloyds Bank shrugs off economic woes to post better-than-expected profits
27th Apr 2022 07:04
(Sharecast News) - Britain's Lloyds Bank posted better-than-expected first quarter profits on Wednesday, but warned of an uncertain economic outlook amid the cost of living crisis facing Britons.
Read moreWednesday preview: ECB's Christine Lagarde, Lloyds in the spotlight
26th Apr 2022 11:59
(Sharecast News) - The market spotlight on Wednesday is likely to be on European Central Bank boss, Christine Lagarde, in light of recent weakness in the single currency.
Read moreTime is not on the BoE's side, Berenberg says
7th Apr 2022 13:29
(Sharecast News) - Bank has its work cut out for it in trying to bring inflation to heel while not tipping the economy into recession, argue economists at Berenberg.
Read moreBoA raises 2022-23 UK CPI forecasts, expects four hikes in Bank Rate
6th Apr 2022 14:23
(Sharecast News) - Economists at Bank of America raised their short-term inflation forecasts for the UK, predicting that Bank would hike short-term interest rates four more times as it tried to navigate both the risk of a recession and of too-high inflation.
Read moreJP Morgan cuts rating on Barclays
29th Mar 2022 11:34
(Sharecast News) - The positive investment case for British banks is starting to weaken, JP Morgan said on Tuesday, as it reiterated Lloyds Banking Group as its top pick but cut its rating on Barclays.
Read moreBoE may delay bank capital move because of Ukraine war
24th Mar 2022 11:14
(Sharecast News) - The Bank of England is considering delaying plans to tighten banks' capital requirements because of concerns created by Russia's invasion of Ukraine.
Read moreLloyds announces another 60 branch closures
23rd Mar 2022 12:05
(Sharecast News) - Lloyds Banking Group announced another 60 branch closures across its portfolio of high-street brands on Wednesday, as the company blamed a lack of customers for the move.
Read moreCredit Suisse sticks to 'small overweight' on European banks, Lloyds as 'top pick'
23rd Mar 2022 10:43
(Sharecast News) - Equity strategists at Credit Suisse stuck to their small 'overweight' stance on European banks, telling clients that they were preferable over non-bank financial cyclicals.
Read moreSunday newspaper round-up: TTIP, Lloyds, Ted Baker
20th Mar 2022 19:30
(Sharecast News) - German finance minister, Christian Lindner, is calling for a fresh push in the wake of the invasion of Ukraine to put in place a trade deal between the European Union and the US. The last attempt, known as the Transatlantic Trade and Investment Partnership (TTIP), was put to rest in 2016, during the Trump administration. In remarks made to Handelsblatt, Lindner said the conflict had made clear how important it is to foster free trade with partners who share the same values. He was speaking ahead of a planned visit to a NATO summit by US President Joe Biden later in March. - Sunday Telegraph
Read moreLloyds Banking removes 171 roles
16th Mar 2022 12:13
(Sharecast News) - Banking giant Lloyds Banking Group revealed on Wednesday that it will cut 171 roles as a result of three change programmes.
Read moreLloyds takes stake in and board seat at TruFin's Satago
9th Mar 2022 14:40
(Sharecast News) - TruFin announced on Wednesday that, following the commercial pilot first announced in December 2020 and a competitive tender process, Lloyds Bank has confirmed its intention to licence Satago's software platform for its single invoice finance and whole-of-book invoice factoring customers.
Read moreDirector dealings: Lloyds chair buys 0.5m shares, Meggitt directors cover tax bills with sales
1st Mar 2022 14:02
(Sharecast News) - Lloyds Banking Group was at the top of the list of director buys on Tuesday, after its chair bought half a million of its shares.
Read moreLloyds Banking unveils £2bn buyback as profit surges
24th Feb 2022 07:31
(Sharecast News) - Lloyds Banking Group announced a £2bn share buyback as rising revenue supported higher annual profit but the lender's shares dropped on concern about the outlook.
Read moreSunday newspaper round-up: Vodafone Group, TSB, Inmarsat
30th Jan 2022 15:31
(Sharecast News) - Activist investor Cevian Capital has taken out a stake in Vodafone Group and is understood to have held talks in recent weeks regarding ways for the company to improve its performance. Cevian could push Vodafone to sell some of its assets around the world, strengthen key business lines or buy back shares, Bloomberg reported. Rumours regarding the outfit's vulnerability to a take over were already swirling last week with private equity outfits said to be circling. In order to ward off that threat, Vodafone has been considering acquisitions or a merger of its wireless towers with Deutche Telekom or Orange. It has also approached CK Hutchinson about a possible merger. - Financial Mail on Sunday
Read more