|Bid||0.00 x 1200|
|Ask||0.00 x 36900|
|Day's Range||2.9250 - 2.9600|
|52 Week Range||2.4300 - 4.2100|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||9.83|
|Forward Dividend & Yield||0.16 (5.69%)|
|1y Target Est||2.71|
plans to cut hundreds of millions of pounds in annual technology costs by switching its computer systems to a new platform developed by a start-up, triggering fears among unions about large-scale job losses. The British high-street lender has started discussions with regulators about transferring data on about 500,000 customers of its old Intelligent Finance brand to test a new core banking system built by Thought Machine, according to an internal company presentation seen by the Financial Times. If the move is successful, Lloyds could carry out a similar transfer across all of its businesses over the next few years.
Lloyds Banking Group (LLOY.L) has secured a banking licence for its new Berlin-based subsidiary, a source familiar with the matter told Reuters, as part of long-standing plans to Brexit-proof its business with European Union clients. Until now the lender's Berlin office has run on a standard passporting licence that Lloyds - and other British lenders with customers in the EU - stand to lose when Britain leaves the bloc. With only 71 days to go until the planned March 29 departure, Britain's banks are forging ahead with plans to ensure they can keep serving customers in the EU if political stalemate over the withdrawal agreement results in Britain crashing out without a deal.
(Reuters) - Lloyds of London insurer Beazley Plc (BEZG.L) on Thursday named Sally Lake as its finance director, replacing Martin Bride. Bride, who has been with the company since 2009, will step down in ...
Here's a summary of some of the sectors and stocks in the United Kingdom that are gaining and losing from May's big Brexit deal loss.
British banks swerved heavy share price losses in early trading on Wednesday, hours after a parliamentary vote on Prime Minister Theresa May's Brexit deal returned the most blistering defeat for a UK government in almost a century. State-backed Royal Bank of Scotland and Lloyds Banking Group enjoyed rises of 1.7 percent and 1.4 percent respectively, while Barclays and HSBC saw stocks up by 0.7 percent each by 0909 GMT. The modest rises suggest momentum is building behind a 'Plan B' compromise, according to some investors including David Roberts, co-manager on the Liontrust Strategic Bond fund.
Investing.com - British bank stocks were mostly higher in European midday trade on Wednesday, with market participants assessing their options after British lawmakers overwhelmingly defeated Prime Minister Theresa May's Brexit deal by a historic margin.
Lloyd's of London urged to focus growth plans on U.S. In a letter obtained under freedom of information legislation, British energy minister Claire Perry dismissed pleas by Cuadrilla for the rules to be loosened. Lloyd's of London should spend more time focusing on the U.S. and less time planting flags in fast-emerging economies, according to the chair of the body that represents the insurers in the market.
Moody's Investors Service (Moody's) has today assigned first-time long-term Aa2 deposit ratings and A2 Counterparty Risk Ratings (CRR) to Union Bancaire Privee SA (UBP). Concurrently, the rating agency assigned an a1 Baseline Credit Assessment (BCA) and Adjusted BCA and an A1(cr) long-term Counterparty Risk Assessment (CR Assessment) to UBP.
Lloyds (NYSE:LYG) is the Fund's second-largest international holding. Despite the poor performance of the stock price, the company's earnings and capital generation were actually in-line with expectations and its underlying fundamentals remain strong and are expected to improve further in 2019. Lloyds is the largest retail bank in the U.K., commanding a market share of nearly 25% of the consolidated U.K. banking market in which the top four participants control nearly 80% of the market, combined.
The MSCI All Country Index entered bear market territory (i.e., down over 20% from its previous peak) in December. The only two emerging market stock indexes to be up for the year were Brazil and Russia, and the best performing developed market, the tiny New Zealand exchange, lost money, as did all other MSCI developed market indexes. Obviously, it was a challenging year, and the Oakmark Global Fund felt its downward drag.
The Invesco European Growth Fund (Trades, Portfolio), part of Atlanta-based firm Invesco Ltd., released its fourth-quarter portfolio last week, disclosing that it established one new position and sold out of two others. Warning! GuruFocus has detected 3 Warning Sign with MIL:FBK. Based on these criteria, the firm took a stake in FinecoBank SpA (FBK.MI) and exited its holdings of Lloyds Banking Group PLC (LLOY.L) and TP ICAP PLC (TCAP.L) during the quarter.
A group representing small businesses has attacked the City watchdog for allowing Lloyds Banking Group to set up a “flawed” compensation scheme for victims of fraud. The SME Alliance has filed an official complaint with the Financial Conduct Authority alleging that Lloyds covered up its knowledge of criminality at the bank which hurt hundreds of businesses, pushing many into bankruptcy. The complaint also claims Lloyds excluded some victims of a £245m fraud perpetrated by corrupt bank managers from receiving compensation.
NEW YORK, NY / ACCESSWIRE / December 17, 2018 / U.S. markets slumped on Friday as bank shares dragged equities lower amidst concerns about global economic slowdown after China’s industrial and sales growth ...
Gilead Sciences Inc., AT&T Inc., British American Tobacco PLC and Lloyds Banking Group PLC have declined to their respective 3-year lows
Pindrop uses machine-learning technology that is fed large amounts of data to learn the difference between a legitimate and fraudulent phone call.
Per the U.K. stress test results, the Bank of England claims that British banks will be able to withstand even a disorderly Brexit.
Hedge fund managers like David Einhorn, Dan Loeb, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
All seven British banks and building societies in this year's Bank of England stress test passed, indicating they could withstand a disorderly Brexit without having to curb lending. The BoE's Financial Policy Committee (FPC) said on Wednesday that it has reviewed a scenario whereby Britain crashes out of the European Union in March with no deal or transition period. "The FPC judges that the UK banking system is strong enough to continue to serve UK households and businesses even in the event of a disorderly Brexit," it said in its twice-yearly Financial Stability Report.
A senior lawmaker has demanded an investigation into the way the chief executive of Lloyds Banking Group (LLOY.L) handled information related to one of Britain's biggest fraud cases. Kevin Hollinrake, the chairman of the parliamentary group for banking, said on Wednesday he had notified Lloyds CEO Antonio Horta-Osorio that he had written to the Financial Conduct Authority (FCA) about the case involving the Reading unit of HBOS, which Lloyds acquired in 2009. Lloyds said this month it had settled with Sally Masterton, a former Lloyds senior risk officer who accused former bosses of concealing fraud at the HBOS Reading unit prior to a cash call needed to keep the combined group afloat in 2009.
European stocks were lower Friday afternoon, as investors continued to closely monitor the ongoing political turmoil in the U.K.