|Bid||62.26 x 0|
|Ask||62.27 x 0|
|Day's range||61.16 - 62.45|
|52-week range||48.16 - 66.79|
|Beta (3Y monthly)||0.72|
|PE ratio (TTM)||22.24|
|Forward dividend & yield||0.03 (5.39%)|
|1y target est||N/A|
Banks like Lloyds and utility stocks such as Pennon are among the stocks most at the whim of the election results, according to analysts and investors.
Harvey Jones is backing Lloyds Banking Group plc (LON: LLOY) and this FTSE 100 (INDEXFTSE:UKX) dividend hero, despite electoral uncertainty.
Despite a lead for the Tories in the polls, investors and analysts are still worrying about the possibility of a hung parliament after the December election.
Regulators made proposals on Thursday to strengthen the ability of banks and payment firms in Britain to cope with major incidents and maintain key services with minimum interruption. The Bank of England and the Financial Conduct Authority have proposed that banks, insurers, investment firms, exchanges and financial market infrastructure (FMIs) firms like Visa that make payments possible, set "impact tolerances" for important services. Firms themselves would quantify the maximum level of disruption they would tolerate in terms of time, volume of business or number of customers affected.
Royston Wild examines three major reasons why he feels share investors should leave Lloyds and its big dividends on the shelf.
Taking stock of the returns for the past year can show you some very interesting results, says Jonathan Smith.
What do investors need to take into account when comparing a dividend yield to a Cash ISA rate? Jonathan Smith investigates.
London-listed shares most exposed to the domestic economy took a beating on Friday after a poll showed the Conservative Party's lead over the opposition Labour Party had narrowed ahead of Britain's Dec. 12 election. Prime Minister Boris Johnson's Conservatives now hold an 8 point lead over Labour, compared with 10 a week ago, according to a Panelbase poll.
Barclays is planning to cut the 396,000 pounds ($508,068) pension allowance it pays Chief Executive Jes Staley by around half, echoing moves by rivals who have pledged to rein in executive pension perks following a campaign by investors. The possible changes follow protests from investors and employee unions over the disparity between pension payouts offered to Britain's top bank bosses and their staff.
Shares in Virgin Money UK leapt as much as 24% on Thursday after the British bank said it believed the worst of an industry-wide insurance scandal was behind it. The owner of Clydesdale and Yorkshire Bank said it had set aside 385 million pounds ($494 million) in the last quarter to cover costs related the mis-selling of payment protection insurance (PPI) - a scandal that has cost the industry billions and continues to unsettle investors worried about more charges.
Lloyds Banking Group is set to join rivals in cutting its chief executive's pension allowance, after months of political and investor pressure on banks that award top bosses better perks than the rest of their employees. Lloyds is consulting shareholders over plans to reduce Antonio Horta-Osorio's annual pension allowance by around 220,000 pounds and at the same time hike retirement benefits for the company's 65,000 staff. HSBC, RBS and Standard Chartered have cut pension contributions for their top bosses this year.
Lloyds plan to cut chief executive's pay by £220,000Banking group could spend £20m to raise retirement benefits for rest of staffAntónio Horta-Osório’s pension package was worth nearly half of his £1.3m base salary earlier this year. Photograph: Leon Neal/Getty Images
Roger Jenkins, a former senior Barclays banker tasked with securing a financial lifeline from Qatar at the height of the credit crisis, told a London fraud trial on Tuesday he had been taken aback at the fees demanded by the Gulf state. Jenkins, 64, told a jury at the Old Bailey criminal court that he had expected Hussain Al-Abdullah, the negotiator for Qatar's former prime minister Sheikh Hamad bin Jassim bin Jabr al-Thani, to play hardball when he and colleagues met him in his suite at London's luxury Claridges Hotel on June 3, 2008.
Former senior Barclays executive Roger Jenkins told a fraud trial over undisclosed payments by the bank during the credit crisis that Qatar had wanted to be the British bank's "special" Gulf partner in 2008. The former head of Barclays' Middle East business, and co-defendants Tom Kalaris, who ran its wealth division, and Richard Boath, a former head of European financial institutions, deny conspiring to commit fraud by false representation and fraud by false representation. Giving evidence for the first time in the landmark London case, Jenkins, 64, said on Monday he first met former prime minister Sheikh Hamad bin Jassim bin Jabr al-Thani, who was also head of Qatar's sovereign wealth fund, in July 2007 in Sardinia.
LONDON/MADRID, Nov 25 (Reuters) - British bank TSB said it will shut 82 branches next year, or 15% of its network, in a turnaround plan that aims to save a total of 100 million pounds ($128 million) by 2022 and which a source said could mean the loss of up to 400 jobs. The bank, whose roots go back about 200 years, was bought by Banco Sabadell for 1.7 billion pounds in 2015 as the Spanish bank sought to expand into Britain. The move backfired when IT glitches sent TSB's costs spiralling, forcing Chief Executive Paul Pester to resign amid complaints from customers and lawmakers over the fiasco.
Forget about FTSE 100 bank Lloyds, I say! This income hero is a much better buy for your ISA, says Royston Wild.