LLOY.L - Lloyds Banking Group plc
| Previous close | 66.83 |
| Open | 66.58 |
| Bid | 65.00 x 2429200 |
| Ask | 67.30 x 2154700 |
| Day's range | 66.26 - 67.03 |
| 52-week range | 53.25 - 73.58 |
| Volume | 125,914,574 |
| Avg. volume | 150,816,157 |
| Market cap | 48.17B |
| Beta | 0.85 |
| PE ratio (TTM) | 31.90 |
| EPS (TTM) | 2.1 |
| Earnings date | N/A |
| Forward Dividend & Yield | 0.03 (4.11%) |
| Ex-dividend date | 2017-08-10 |
| 1y target est | 74.10 |
- Reuters•1 hour ago
Lloyds investor lawsuit over HBOS deal 'fundamentally flawed', court hears
Lloyds Banking Group (LLOY.L) saw a "unique opportunity" in buying struggling rival HBOS during the credit crisis and an investor lawsuit is "fundamentally flawed", a lawyer for the bank told London's High Court on Thursday. Helen Davies defended Lloyds' actions during the takeover on the second day of a 14-week London trial in which about 6,000 investors are claiming more than 550 million pounds in damages. Lloyds, Britain's largest retail bank, and the individual defendants deny any wrongdoing.
- Bloomberg•6 hours ago
HBOS a ‘Once-In-a-Lifetime’ Deal for Lloyds
Lloyds Banking Group Plc’s takeover of the failing HBOS Plc during the global financial crisis was a "once-in-a-lifetime" opportunity, the bank’s lawyers said in dismissing investor allegations ...
- Forbes•6 hours ago
Lloyds Prepares For The Future With Real-Time SAP Core Banking Components
Lloyds bank prepares for the future with SAP core banking to add sophisticated features like real-time positions and virtualized accounts.
Reuters•yesterdayEx-Lloyds bank bosses used 'spin and puff' in HBOS deal, court told
Former bosses of Lloyds Banking Group (LLOY.L) used "spin and sales puff" to win over investors and secure a "disastrous" acquisition of rival HBOS during the credit crisis, a lawyer for thousands of shareholders told London's High Court on Wednesday. Around 6,000 Lloyds investors, who are seeking around 550 million pounds in damages, allege that five former directors at Lloyds, including ex-CEO Eric Daniels, concealed information about HBOS's financial position in 2008 and 2009 and breached their duties by recommending the purchase. On the first day of a 14-week London trial, the claimant's lawyer Richard Hill told the court that the deal saved HBOS from nationalisation but looked like a catastrophe for Lloyds within days of completion in early 2009.
- Reuters - UK Focus•yesterday
Ex-Lloyds bank bosses used "spin and puff" in HBOS deal, court told
LONDON, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - Former bosses of Lloyds Banking (Xetra: 871784 - news) Group used "spin and sales puff" to win over investors and secure a "disastrous" acquisition of rival HBOS during the credit crisis, a lawyer for thousands of shareholders told London's High Court on Wedesday. Around 6,000 Lloyds investors, who are seeking around 550 million pounds ($724 million) in damages, allege that five former directors at Lloyds, including ex-CEO Eric Daniels, concealed information about HBOS's financial position in 2008 and 2009 and breached their duties by recommending the purchase. On the first day of a 14-week London trial, the claimant's lawyer Richard Hill told the court that the deal saved HBOS from nationalisation but looked like a catastrophe for Lloyds within days of completion in early 2009.
Sky News•yesterdayLloyds investors 'mugged' on HBOS purchase, trial hears
The High Court has heard shareholders in Lloyds were "mugged" when the bank recommended buying Halifax Bank of Scotland (HBOS) at the height of the financial crisis. The allegation was made by the barrister representing a group of 5,803 former Lloyds TSB shareholders at the start of a trial aimed at recovering more than £550m from the bank. The group, which includes roughly 300 institutional investors such as pension funds, is suing Lloyds Banking Group, former chairman Sir Victor Blank, ex-chief executive Eric Daniels, former chief financial officer Tim Tookey and two other former directors.
- Bloomberg•yesterday
Lloyds ‘Mugged’ Shareholders Into 2009 HBOS Deal, Lawyer Says
Lloyds Banking Group Plc mugged shareholders into agreeing to the “catastrophic” HBOS deal struck at the height of the global financial crisis, a lawyer representing thousands of investors suing the bank ...
- Bloomberg•3 days ago
Lloyds Can't Shake Troubled Past in Suit Over HBOS Takeover
Lloyds Banking Group Plc will be forced to relive a turbulent period in its 252-year history as former executives line up to testify at a London investor trial over its decision to take over the ailing ...
Sky News•3 days agoLloyds snubs £500m settlement bid as HBOS merger trial kicks off
Lloyds Banking Group has rejected a last-ditch bid to settle a legal claim over the disastrous merger that created Britain’s biggest high street lender, days before a trial featuring some of the country's most prominent financiers is due to begin. Sky News has learnt that the Lloyds Shareholder Action Group (LSAG) last week told the bank that it would abandon its claim in exchange for a payment of roughly £500m, according to insiders. Sources close to Lloyds said on Monday that the offer from Harcus Sinclair, the law firm acting for the claimant group of 6,000 former Lloyds TSB investors, was immediately rejected by the bank.
Reuters•6 days agoLloyds buys Zurich UK's pensions, savings business
Lloyds Banking Group (LLOY.L) has agreed to buy Zurich Insurance's (ZURN.S) UK workplace pensions and savings business as it expands its retirement business, the bank said on Thursday. The deal "is a clear signal of Lloyds Banking Group's commitment to the financial planning and retirement segment", said Antonio Lorenzo, Lloyds' director of insurance and wealth and chief executive of its life insurance business Scottish Widows. Zurich Insurance is in the middle of a major strategy overhaul, which involves simplifying the group's structure, cutting $1.5 billion in costs and shaping up its underperforming general insurance unit.
- Reuters - UK Focus•7 days ago
Lloyds buys Zurich UK's pensions, savings business
LONDON, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - Lloyds Banking Group has agreed to buy Zurich Insurance (IOB: 0QP2.IL - news) 's UK workplace pensions and savings business as it expands its retirement business, the bank said on Thursday. The deal "is a clear signal of Lloyds Banking Group's commitment to the financial planning and retirement segment", said Antonio Lorenzo, Lloyds' director of insurance and wealth and chief executive of its life insurance business Scottish Widows. Zurich Insurance is in the middle of a major strategy overhaul, which involves simplifying the group's structure, cutting $1.5 billion in costs and shaping up its underperforming general insurance unit.
Reuters•7 days agoUK lenders plan biggest consumer lending curb since late 2008 -BoE
British lenders are planning the biggest cutback in consumer loans in nearly 10 years, the Bank of England said on Thursday, after it warned repeatedly about the strong pace of lending to households. The BoE's quarterly net balance of lenders' expectations for the availability of unsecured lending over the next three months fell to -28.6 from -16.2. The BoE has said there is no overall debt bubble in Britain but it has expressed concern about consumer debt, which had been growing at about 10 percent a year.
- Reuters - UK Focus•7 days ago
UK lenders plan biggest consumer lending curb since late 2008 -BoE
British lenders are planning the biggest cutback in consumer loans in nearly 10 years, the Bank of England said on Thursday, after it warned repeatedly about the strong pace of lending to households. The ...
- Reuters - UK Focus•8 days ago
MOVES-Thurman to head Lloyds transaction banking
LONDON, Oct 11 - Lloyds Banking Group has appointed Ed Thurman as head of global transaction banking under a rejig of senior management in its commercial banking division. Lloyds said Thurman, currently ...
Reuters•9 days agoDomestic banks help FTSE edge ahead
Britain's top share index ended at a two-month high on Tuesday after domestic banks Royal Bank of Scotland and Lloyds rose following a broker upgrade on hopes of a softer exit from the European Union. Britain's blue-chip FTSE 100 (.FTSE) index was up 0.4 percent at 7,538.27 points at its close, while the more domestically-focused mid-cap (.FTMC) index added 0.2 percent, boosted by some well-received earnings updates. After hitting record highs in May thanks to the weakness in the pound that followed Britain's decision to leave the EU, the rally in the FTSE has lost steam as sterling strengthened and the Bank of England turned more hawkish.
- Reuters - UK Focus•9 days ago
Domestic banks help Britain's FTSE edge ahead
MILAN, Oct (Shenzhen: 000069.SZ - news) 10 (Reuters) - Britain's top share index ended at a two-month high on Tuesday after domestic banks Royal Bank of Scotland and Lloyds rose following a broker upgrade on hopes of a softer exit from the European Union. Britain's blue-chip FTSE 100 index was up 0.4 percent at 7,538.27 points at its close, while the more domestically-focused mid-cap index added 0.2 percent, boosted by some well-received earnings updates.
Reuters•15 days agoBank of England says Brexit transition deal needed by Christmas
Britain's banks need a watertight Brexit transition deal by Christmas to avoid a potentially disorderly shift of people and operations to the European Union, a top Bank of England official said on Wednesday. BoE Deputy Governor Sam Woods said that while the British government wants a deal to bridge leaving the EU in March 2019 and the start of new trading terms, the EU's position was still unclear and the clock was ticking. "If we get to Christmas and the negotiations have not reached any agreement on this topic, diminishing marginal returns will kick in," Woods told the annual City Banquet in London's "Square Mile" financial district.
- Reuters - UK Focus•15 days ago
Bank of England says Brexit transition deal needed by Christmas
LONDON, Oct (Shenzhen: 000069.SZ - news) 4 (Reuters) - Britain's banks need a watertight Brexit transition deal by Christmas to avoid a potentially disorderly shift of people and operations to the European Union, a top Bank of England official said on Wednesday. BoE Deputy Governor Sam Woods said that while the British government wants a deal to bridge leaving the EU in March 2019 and the start of new trading terms, the EU's position was still unclear and the clock was ticking. "If we get to Christmas and the negotiations have not reached any agreement on this topic, diminishing marginal returns will kick in," Woods told the annual City Banquet in London's "Square Mile" financial district.
- Reuters•16 days ago
Bank of England sees Brexit risks to EU bank lending in UK and clearing
Brexit poses risks to the ability of British companies to borrow from European banks and to some clearing activity which might have to relocate from London once Britain leaves the EU, the Bank of England said on Tuesday. Banks from the bloc and other associated countries accounted for around 10 percent of lending to British companies, the BoE's Financial Policy Committee (FPC) said in a summary of its most recent meeting held on Sept. 20.
- Reuters - UK Focus•16 days ago
Bank of England sees Brexit risks to EU bank lending in UK and clearing
Brexit poses risks to the ability of British companies to borrow from European banks and to some clearing activity which might have to relocate from London once Britain leaves the EU, the Bank of England ...
- Reuters•17 days ago
BoE tells banks to find 4 billion pounds of 'bail-in' debt by 2022
Banks operating in Britain must find a net 4 billion pounds ($5.3 billion) by 2022 to comply with rules aimed at shielding taxpayers if lenders go bust, the Bank of England said on Monday. Ten years after the financial crisis that cost British taxpayers billions of pounds to rescue banks like Royal Bank of Scotland (RBS.L) and Lloyds (LLOY.L), the BoE said its was putting the finishing touches to a system for dealing with failing banks. BoE Deputy Governor Jon Cunliffe said the BoE does not run a "zero failure regime".
- Reuters - UK Focus•17 days ago
BoE tells banks to find 4 bln pounds of 'bail-in' debt by 2022
Banks operating in Britain must find a net 4 billion pounds by 2022 to comply with rules aimed at shielding taxpayers if lenders go bust, the Bank of England said on Monday. Ten years after the financial ...
- Fool.co.uk•19 days ago
3 reasons I’d buy more Lloyds Banking Group plc stock
Here's why Lloyds Banking Group plc (LON: LLOY) could still be one of the best bargains in the FTSE 100.
- Reuters - UK Focus•22 days ago
BUZZ-UK banks: broker boost
** Standard Chartered top of FTSE 100, +2.9 pct, with RBS, Lloyds BG, Barclays and HSBC up 1.2-1.8 pct ** Jefferies says bank share prices appear not to reflect yield curve steepening as it raises RBS ...
- Reuters - UK Focus•23 days ago
REUTERS SUMMIT-UK banks might become test bed in fight against cyber attacks
Britain's banks may have to comply with the world's first set of rules for coping with cyber attacks and other outages, Bank of England Deputy Governor Sam Woods said on Tuesday. The theft of 2.5 million pounds from 9,000 customers of Tesco Bank last November rang alarm bells for regulators and put cyber security high up on their priority list. Woods said a landmark case like that of Tesco Bank, where money was actually stolen from customers accounts, it is important to ensure the bank has enough capital to safeguard customers - but this was not enough.