Lloyds Share News (LLOY)

FTSE 100 movers: M&S cheers despite falling profits

Marks & Spencer saw underlying pre-tax profit fall 8.9 per cent to 261.6m pounds in the first half of the year, but since this was not as bad as many analysts were expecting, the stock registed strong gains. The retailer has been investing heavily in the business, incurring extra costs during the

Sector movers: Financials fall as RSA gives gloomy update

The insurance and banking sectors were out of favour on Tuesday, providing a drag on markets with RSA the standout faller after disappointing the market with a third-quarter update. In a earlier-than-expected statement, the company warned that weather-related losses would be greater than expected t

London midday: RSA, financials drag markets lower

- RSA, G4S, banks lead losses - M&S, Imperial, miners provide some support to markets - UK services growth accelerated in October techMARK 2,636.31 -0.57% FTSE 100 6,723.10 -0.60% FTSE 250 15,367.18 -0.65% A gloomy update from insurance firm RSA and heavy falls across the wider financial sector we

British banks face new bill for past investment advice

* HSBC sets aside $149 mln to review investment advice * Follows regulator's check on advice at major lenders LONDON, Nov 4 (Reuters) - HSBC has set aside $149 million to review how it advised about 200,000 UK customers on investing a lump sum of money, the first British bank to do so

Finance bosses say UK needs to stay in EU, reform needed

LONDON, Oct 30 (Reuters) - A vast majority of senior financial services executives want Britain to stay in the European Union but said reform is needed to cut the amount of regulation, according to a survey released on Wednesday. CityUK, which champions Britain's financial industry, said an

WRAPUP 3-European banks pay heavy price for scandals

* Regulators fine Dutch bank in rate-rigging scandal * Dutch minister attacks "shameless fraud" * Deutsche Bank, Lloyds profits hit by legal provisions * UBS forced to hold extra capital to deal with litigation By Sara Webb and Katharina Bart AMSTERDAM/ZURICH, Oct 29

UPDATE 1-Co-op Bank's ex-CEO had doubts over branch deal in 2011

* Former bank CEO accused of being "strategically forgetful" * Tootell says concerns were about economics and integration * Tootell says concerns intensified during 2012 * Aspects of evidence "disappointing" - TSC Chairman Tyrie By Matt Scuffham LONDON, Oct 29 (Reute

UPDATE 3-British bank Lloyds takes $1.2 billion mis-selling hit

* Q3 underlying profit up 83 percent year on year * CEO says bank will become high-dividend stock * Expects significant sale of government shares in 2014 * Shares down 1.9 percent By Matt Scuffham LONDON, Oct 29 (Reuters) - Lloyds Banking Group on Tuesday set aside a

WRAPUP 2-Cost of banking clean-up batters Deutsche, UBS, Lloyds

* Deutsche Bank earnings hit by 1.2 bln euro legal provisions * UBS forced to hold extra capital to deal with future litigation * Lloyds sets aside an extra 750 mln pounds or PPI claims * Deutsche down 1.6 percent, UBS down 6.7 percent, Lloyds down 1.9 * Rabobank Libor fin

Co-op execs questioned viability of Lloyds branch deal-ex CEO

LONDON, Oct 29 (Reuters) - Co-operative Group executives raised questions over the planned acquisition by its banking arm of hundreds of its branches from Lloyds Banking Group, Co-op Bank's former chief executive told lawmakers. "There wasn't unanimous approval at all times. There were qui

STOCKS NEWS EUROPE-Lloyds falls as PPI hit sparks profit-taking

Shares in Lloyds Banking Group shed 2.4 percent To 77.71 pence, top fallers on Britain's FTSE 100, after the bank takes another big bill to compensate customers for mis-sold insurance products, prompting investors to lock in profits after a stellar rally. Lloyds took a 750 million pound ($1

Lloyds reports third quarter loss as PPI bill tops 8bn pounds - UPDATE

- Takes additional 750m pound PPI hit - Q3 statutory loss of 440m pounds - Underlying Q3 profits up 83 per cent Lloyds Banking Group reported a pre-tax loss in the third quarter after it put aside another 750m pounds to cover the cost of payment protection insurance (PPI) claims. The additional pr

REFILE-UPDATE 2-UK's Lloyds Bank takes $1.2 billion mis-selling hit

* Q3 underlying profit up 83 percent on year before * CEO says bank will become 'high dividend-paying stock' * CEO expects significant sale of government shares in 2014 By Matt Scuffham LONDON, Oct 29 (Reuters) - Lloyds Banking Group on Tuesday set aside another 750 millio

Lloyds Bank says will set out dividend policy at 2013 results

LONDON, Oct 29 (Reuters) - Lloyds Banking Group said on Tuesday it had entered talks with regulators over re-starting dividends and would set out its dividend policy alongside its 2013 results in February. "We go into these discussions in a good position. We are in a stronger capital posit

Investment banking slowdown to hit European lenders