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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
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Share Price: 53.94
Bid: 53.90
Ask: 53.94
Change: 0.00 (0.00%)
Spread: 0.04 (0.074%)
Open: 54.16
High: 54.34
Low: 53.70
Prev. Close: 53.94
LLOY Live PriceLast checked at -

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Lloyds plots IPO of TSB in next eight weeks

Thu, 01st May 2014 11:38

TSB bank is due to float in London before the end of June, with owner Lloyds Banking Group planning to sell at least a 25 per cent stake of the recovering business. An initial public offer (IPO), which would include some of the shares being made available to retail investors, has been estimated to value the business at around £1.8bn. Lloyds, which is now 24%-owned by the state, is obliged to sell the stake as part of stipulations set out by the EU when the FTSE 100 bank was bailed out in 2008, in order to create a more competitive banking market.The group must sell its entire TSB stake by the end of 2015.In the group's first-quarter statement Lloyds' Chief Executive Antonio Horta-Osorio said: "Following the launch of TSB Bank in the second half of 2013, we have continued to prepare for an IPO of the TSB business. "We are now well placed, subject to final regulatory approval and market conditions, to launch the IPO in the summer of this year."TSB's asset included 632 branches, which the bank initially intended to sell to the Co-op Group's banking arm.TSB Bank recently appointed Mark Fisher, Director of Group Operations at Lloyds, as a Non-Executive Director. He is expected to leave his position on May 31st 2014.OH
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LONDON, June 23 (Reuters) - British banks agreed on Friday to give homeowners who miss mortgage payments a year of grace before foreclosing and to protect credit scores of borrowers who change loan terms, as the government sought to ease the strain of rising interest rates.

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23 Jun 2023 14:15

UK Chancellor Hunt agrees measures with banks to cool mortgage crisis

(Alliance News) - UK Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates, but has resisted offering government support.

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23 Jun 2023 13:12

UK's Hunt: Agreed measures with banks to ease mortgage payments strain

LONDON, June 23 (Reuters) - British finance minister Jeremy Hunt said he had agreed new measures with bank lenders on Friday to help ease the pressure on mortgage holders of raising interest rates.

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23 Jun 2023 12:09

LONDON MARKET MIDDAY: Housebuilders bear brunt of rate hike worries

(Alliance News) - Stock prices in London were lower heading into Friday afternoon, as a poor week for equities continued, with investors fretting over the prospect of central banks keeping interest rates higher for longer.

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22 Jun 2023 07:00

UK banks to ramp up data sharing in dirty money crackdown

Lloyds, NatWest among major banks involved in trials -sources

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21 Jun 2023 17:18

London stocks fall after inflation data shock, homebuilders slump

UK's stubborn inflation fails to fall in May

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21 Jun 2023 11:57

UK's Hunt says banks must honour commitments on mortgage help

LONDON, June 21 (Reuters) - British finance minister Jeremy Hunt said on Wednesday that mortgage lenders had to live up to their commitments to help borrowers struggling with higher interest rates.

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UK's Hunt to meet lenders to discuss mortgage forbearance

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Citi removes Lloyds from 'EMEA Focus List', keeps at 'buy'

(Sharecast News) - Citi removed Lloyds Banking Group from its 'EMEA Focus List' on Friday as it pointed to headwinds in the second quarter.

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