|Bid||60.51 x 0|
|Ask||60.53 x 0|
|Day's Range||59.55 - 60.62|
|52 Week Range||48.16 - 66.79|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||21.61|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||0.03 (5.51%)|
|1y Target Est||75.37|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Lloyds Banking Group plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Lloyds Banking Group has won a £600m High Court lawsuit brought by 6,000 investors who had sued the bank and five ex-directors over its acquisition of HBOS at the height of the 2008 financial crisis. A High Court judge on Friday dismissed the lawsuit brought by institutional and retail shareholders who had alleged they were not told of HBOS’s parlous financial state or about its “secret” emergency support from the Bank of England before they voted to approve the acquisition in September 2008.
Moody's Investors Service ("Moody's") today took rating actions on 15 UK banks and building societies. The action reflects Moody's view that the operating environment is likely to weaken, given deteriorating institutional capacity and commitment to fiscal discipline in the UK, together with a worsening economy. This follows the change in outlook on the UK sovereign debt rating to negative from stable, which the rating agency announced on 8 November 2019 (Moody's changes outlook on UK's rating to negative from stable, affirms Aa2 rating; https://www.moodys.com/research/--PR_396604).
A mandatory 24-hour delay on all first-time payments from one bank account to another would cut mounting fraud in finance, UK lawmakers said in a report on Friday. Parliament's Treasury Select Committee said fraudsters stole over 600 million pounds ($777 million) from consumers in the first half of 2019 and regulators must crack down harder on scammers. With money transfers between accounts taking just seconds, customers or their bank have little time to be aware that a fraud has taken place, the report said.
Investing.com -- They loved it yesterday, but Peugeot (PA:PEUP) shareholders are revolting at the thought of the merger with Fiat Chrysler Automobiles NV (MI:FCHA) now that the terms have been announced.
Investing.com -- Here's a roundup of regulatory news releases from the London Stock Exchange on Thursday, 31st October. Please refresh for updates.
British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating cloud service providers such as Google, UK lawmakers said in a review on Monday. The review was launched after a major IT meltdown last year at TSB, part of Spain's Sabadell, which left thousands of customers locked out of their online accounts. The issue led to the resignation of TSB's CEO Paul Pester.
Stocks tend to price in worst-case scenarios. A deal with the European Union—if approved by Parliament—could lead to upside for attractively priced U.K. names.
The British pound surged on Thursday while equities registered moderate gains in the wake of an agreed deal between negotiators for Britain to leave the European Union.
The British pound jumped Tuesday, shaking off losses seen at the start of the week, after upbeat comments over a possible Brexit deal from the European Union’s negotiator.
European stocks took a step backward on Monday as traders took more skeptical assessments on the prospect of a U.S.-China trade pact and a deal for Britain to leave the European Union.