LLOY.L - Lloyds Banking Group plc
| Previous close | 66.23 |
| Open | 66.19 |
| Bid | 65.00 x 2429200 |
| Ask | 67.30 x 2154700 |
| Day's range | 65.57 - 66.40 |
| 52-week range | 62.20 - 73.58 |
| Volume | 132,518,085 |
| Avg. volume | 170,522,167 |
| Market cap | 47.48B |
| Beta | 0.14 |
| PE ratio (TTM) | 13.76 |
| EPS (TTM) | 4.80 |
| Earnings date | 1 Aug 2018 |
| Forward dividend & yield | 0.03 (4.51%) |
| Ex-dividend date | 2018-04-19 |
| 1y target est | 76.42 |
Reuters•2 days agoLloyds sells Irish mortgage business to Barclays for £4 billion
Lloyds Banking Group (LLOY.L) has sold its Irish residential mortgage portfolio to Barclays (BARC.L) for around 4 billion pounds in cash, as part of a plan to focus on its core British market. The deal was the last action Lloyds needed to take to complete its exit from the Irish market, following its closure of its retail banking operation there in 2010. Lloyds is left only with around 4 billion pounds worth of additional Irish mortgages that it will allow to expire over time.
- Reuters•2 days ago
Barclays to sell on £4 billion Irish loan book as mortgage securitisation returns
Barclays will package up and sell on the 4 billion pounds worth of Irish home loans that it bought from UK rival Lloyds (LLOY.L) on Friday, in a sign of the resurgent appetite for securitised mortgages that played a big role in the 2007-8 financial crisis. The deal marks the second large-scale mortgage securitisation this year for the British lender, after a group led by Barclays in April bought 5.3 billion pounds worth of residential mortgages from the British 'bad bank' set up to manage the assets of two failed lenders.
- Reuters - UK Focus•2 days ago
Barclays to sell on $5 bln Irish loan book as mortgage securitisation returns
Barclays will package up and sell on the 4 billion pounds ($5.4 billion) worth of Irish home loans that it bought from UK rival Lloyds on Friday, in a sign of the resurgent appetite for securitised mortgages that played a big role in the 2007-8 financial crisis. The deal marks the second large-scale mortgage securitsation this year for the British lender, after a group led by Barclays (Swiss: BARC.SW - news) in April bought 5.3 billion pounds worth of residential mortgages from the British 'bad bank' set up to manage the assets of two failed lenders.
- Reuters - UK Focus•2 days ago
Lloyds sells Irish mortgage business to Barclays for 4 bln pounds
Lloyds Banking Group has sold its Irish residential mortgage portfolio to Barclays (Swiss: BARC.SW - news) for around 4 billion pounds ($5.4 billion) in cash, as part of a plan to focus on its core British market. The deal was the last action Lloyds needed to take to complete its exit from the Irish market, following its closure of its retail banking operation there in 2010. Lloyds is left only with around 4 billion pounds worth of additional Irish mortgages that it will allow to expire over time.
- Reuters•2 days ago
Lloyds Bank launches 100 million pound fund for Hinkley Point
LONDON (Reuters) - Lloyds Bank (LLOY.L) has launched a 100 million pound fund to help small businesses take advantage of supply chain opportunities during the construction of the Hinkley Point C nuclear ...
- Reuters - UK Focus•2 days ago
Lloyds Bank launches 100 mln stg fund for UK's Hinkley Point
* Lloyds Bank has launched a 100 million pound fund to help small businesses take advantage of supply chain opportunities during the construction of the Hinkley Point C nuclear plant in Britain, it said ...
- Bloomberg•2 days ago
Barclays Is Said to Plan Sale of Irish Mortgages to M&G, Pimco
Barclays Plc plans to sell notes to M&G Prudential and Pacific Investment Management Co. in a securitization of 4.3 billion pounds ($5.8 billion) of Irish residential mortgages, according to people with knowledge of the matter. Barclays will probably hold about 5 percent of the notes, the minimum required to meet so-called skin-in-the-game rules, said the people, who asked not to be identified because the matter is confidential. Barclays acquired the loans from Lloyds Banking Group Plc in a deal announced earlier Friday.
- Bloomberg•2 days ago
Barclays Agrees to Buy Lloyds Irish Mortgages for $5.4 Billion
Barclays Plc agreed to buy a book of Irish residential mortgages from Lloyds Banking Group Plc for 4 billion pounds ($5.4 billiion) in cash as the seller focuses on the U.K. The deal will generate additional capital for London-based Lloyds, which will book a pretax loss of about 110 million pounds on the deal in its first-half earnings, the company said on Friday. The transaction is part of Lloyds Chief Executive Officer Antonio Horta-Osorio’s strategy to become a leaner, U.K.-focused retail bank.
- Motley Fool•3 days ago
How Brexit Helped Create the World's Most Undervalued Bank
Brexit fears have crushed this bank's stock price. Here's why now could be the best time to buy.
Reuters•3 days agoInquiry into Lloyds' handling of HBOS fraud slips to late 2019 - source
A review of Lloyds Banking Group's handling of one of Britain's worst banking frauds is unlikely to be completed until late 2019 due to the volume of documents involved, a source with knowledge of the inquiry said. The investigation by a former high court judge was launched last year to assess whether Lloyds properly investigated and reported the fraud at HBOS, which it bought in January 2009. The review by Linda Dobbs is one of the last high-profile probes into the conduct of Britain's biggest banks after the 2008 financial crisis, and is eagerly awaited by victims of a fraud which has seen six people jailed for a combined 47 years.
- Reuters - UK Focus•3 days ago
Inquiry into Lloyds' handling of HBOS fraud slips to late 2019 -source
A review of Lloyds Banking (Xetra: 871784 - news) Group's handling of one of Britain's worst banking frauds is unlikely to be completed until late 2019 due to the volume of documents involved, a source with knowledge of the inquiry said. The investigation by a former high court judge was launched last year to assess whether Lloyds properly investigated and reported the fraud at HBOS, which it bought in January 2009. The review by Linda Dobbs is one of the last high-profile probes into the conduct of Britain's biggest banks after the 2008 financial crisis, and is eagerly awaited by victims of a fraud which has seen six people jailed for a combined 47 years.
- Fool.co.uk•7 days ago
Can the Lloyds share price reach 100p in 2018?
G A Chester discusses the prospects for a 50%+ rise in Lloyds Banking Group plc (LON:LLOY) shares by the end of the year.
- Fool.co.uk•8 days ago
Beware the siren call of the Lloyds share price
Can you afford the cost and risk of having Lloyds Banking Group plc (LON: LLOY) in your portfolio?
Reuters•9 days agoExclusive - Banks to seek special exemptions for foreign staff after Brexit: sources
Global banks in Britain are calling for a special work visa waiver after Brexit to preserve the City of London's standing as a top global financial centre, two industry sources said, a move that would be more generous than the current arrangements. Since Britain voted to leave the European Union two years ago, London's financial services industry has been trying to prepare for losing access to its biggest trading bloc, its toughest challenge since the 2007-2009 financial crisis. London vies with New York as the world's financial capital and potentially has lot to lose from the end of unfettered access to the EU's post-Brexit market of 440 million people.
- Reuters•9 days ago
Britain's HSBC joins the fintech fray with multi-account app
HSBC's Connected Money app, providing a single platform for users to see their accounts with a range of providers, registered 13,000 downloads within a day of its launch, the British lender's digital banking head said on Friday. Retail banks are rushing to polish up their digital offerings as smaller financial technology firms enjoy growing popularity among users who increasingly expect slick apps and more personalised services. HSBC has set aside $2 billion for investments in technology globally and digital banking head Raman Bhatia said it will start a large advertising campaign at the weekend as it seeks to make the full breadth of its 13 million-strong UK customer base aware of Connected Money.
- Reuters - UK Focus•9 days ago
Britain's HSBC joins the fintech fray with multi-account app
HSBC's Connected Money app, providing a single platform for users to see their accounts with a range of providers, registered 13,000 downloads within a day of its launch, the British lender's digital banking head said on Friday. Retail banks are rushing to polish up their digital offerings as smaller financial technology firms enjoy growing popularity among users who increasingly expect slick apps and more personalised services. HSBC has set aside $2 billion for investments in technology globally and digital banking head Raman Bhatia said it will start a large advertising campaign at the weekend as it seeks to make the full breadth of its 13 million-strong UK customer base aware of Connected Money.
- Reuters - UK Focus•11 days ago
Victims of bank fraud criticise Britain's financial watchdog
Britain's financial watchdog faced sharp criticism on Wednesday from former small business owners who say they have been mistreated by big banks. Responding to questions from the influential Treasury Committee, the ex-business owners said the Financial Conduct Authority (FCA) was ill-suited to handle serious complaints against the lenders it regulates. The questioning centred on how small firms could be protected in future and came ahead of a parliamentary debate on Thursday on redress for victims of banking misconduct.
- Reuters - UK Focus•12 days ago
Virgin Money bid sparks British bank consolidation talk
British entrepreneur Richard Branson, founder of the Virgin business empire, is reviewing a 1.6 billion pounds ($2.2 billion) takeover bid that could turn the fledgling lender he founded almost 25 years ago into one of Britain's biggest banks. Britain's mid-sized 'challenger' banks' shares rose sharply on Tuesday, after the approach by CYBG for rival Virgin Money, prompting speculation that long-awaited consolidation in the sector could become a reality.
- Bloomberg•12 days ago
Why a Fund Giant Set the Lawyers on a Client
When Lloyds Banking Group Plc announced that its Scottish Widows unit was pulling 109 billion pounds ($147 billion) of assets from Standard Life Aberdeen Plc, the fund manager was quick to downplay the financial significance of the withdrawal. Because in asset management, size matters more than anything else. SLA said on Tuesday it disagrees with Lloyds's February interpretation that the two companies are in "material competition," the reason the British bank gave for terminating the agreement.
- Reuters•12 days ago
Standard Life Aberdeen challenges Lloyds Banking Group over axed mandate
Standard Life Aberdeen (SLA) (SLA.L) has launched a contract dispute process against Lloyds Banking Group (LLOY.L) over the lender's decision to cancel a 109 billion pound asset management contract. Britain's biggest mortgage lender and parent of pensions provider Scottish Widows, told SLA on Feb. 14 that it intended to cancel the mandate at the end of a 12-month notice period, citing competition concerns following the 11 billion pounds merger of Aberdeen Asset Management and Standard Life. At the time, Lloyds said the combined entity had become a "material competitor" to its wealth and insurance units, and it had started a process to find a new manager for the assets, which mainly comprise of lower margin passive equity and fixed income securities.
- Evening Standard•12 days ago
Standard Life Aberdeen and Lloyds at war in £109bn bust-up
Lloyds Banking Group hit back at Standard Life Aberdeen today over the fund manager's decision to challenge the end of a £109 billion investment mandate. The FTSE 100 fund manager, led by co-chief executives Martin Gilbert and Keith Skeoch, said the lender had no right to call time on contract because it was not “in material competition” with Lloyds and subsidiary Scottish Widows. A Lloyds spokesman said the claims were “not credible”.
- Reuters - UK Focus•12 days ago
Standard Life Aberdeen challenges Lloyds Banking Group over axed mandate
Standard Life Aberdeen (SLA) has launched a contract dispute process against Lloyds Banking Group over the lender's decision to cancel a 109 billion pound ($147 billion) asset management contract. Britain's biggest mortgage lender and parent of pensions provider Scottish Widows, told SLA on Feb. 14 that it intended to cancel the mandate at the end of a 12-month notice period, citing competition concerns following the 11 billion pounds merger of Aberdeen Asset Management (Frankfurt: 899502 - news) and Standard Life (LSE: SL.L - news) . At the time, Lloyds said the combined entity had become a "material competitor" to its wealth and insurance units, and it had started a process to find a new manager for the assets, which mainly comprise of lower margin passive equity and fixed income securities.
- Bloomberg•12 days ago
Standard Life Says Lloyds Didn't Have Right to Pull $148 Billion
Standard Life Aberdeen Plc is challenging the legality of the decision by Lloyds Banking Group Plc, its biggest client, to pull 109 billion pounds ($148 billion) from the asset manager. Lloyds gave notice in February that it planned to end the mandate after the merger of Aberdeen and Standard Life made the combined firm a competitor to the lender in the insurance industry. The Edinburgh-based money manager has since agreed to sell the insurance unit.
- Fool.co.uk•14 days ago
Lloyds share price: why is it underperforming the FTSE 100?
Over the last month, Lloyds Banking Group plc (LON: LLOY) has underperformed the FTSE 100 (INDEXFTSE: UKX) by 7%. What's going on?
Reuters•16 days agoNearly a third of homebuyers fail to get best mortgages, says watchdog
Britain's markets watchdog is proposing to make it easier for homebuyers to find the best mortgage after finding that nearly a third of borrowers fail to find the cheapest deal. The Financial Conduct Authority (FCA) on Friday published the interim findings of a review into Britain's trillion-pound mortgage market, launched in December 2016 to determine whether customers could obtain better deals and if links between industry players limit choice. "We found that there are limitations to the effectiveness of the tools available to help consumers choose a mortgage," the interim report said.
