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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 54.30
Bid: 54.12
Ask: 54.16
Change: 0.00 (0.00%)
Spread: 0.04 (0.074%)
Open: 54.18
High: 54.54
Low: 54.10
Prev. Close: 54.30
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Monday newspaper round-up: Tax cuts, Lloyds, insolvencies

Mon, 25th Jul 2011 06:52

George Osborne has promised to cut "very high" tax rates this autumn to try to head off a row over poor growth figures and warnings from cabinet colleagues that the economy faces the biggest challenges for decades. Kenneth Clarke, the Justice Secretary, warned yesterday that "the [economic] icebergs are probably the worst in the lifetime of anyone now living," the Times reports.The proposed £2.5bn sale of 632 Lloyds Banking Group branches has been thrown into doubt after it emerged that only two formal bids have been filed. The lack of bidders has led advisers to consider plans to demerge the business and float what would become the UK's seventh largest bank, the Daily Telegraph reports.The dire situation facing many UK companies has been laid bare, with a survey finding that 12 per cent more businesses are on the verge of insolvency than just three months ago. The survey, by Begbies Traynor, the restructuring specialist, found that a total of 5,179 companies faced "critical" financial problems in the second quarter of the year, according to the Independent.More than 100 retailers fell into administration in the first half of this year, according to the latest figures to spell out the terrible conditions on the high street. According to Deloitte, a total of 43 retailers - an 8% increase from the same period last year - went into administration in the second quarter of the year, on top of the 60 that failed in the first quarter, the Daily Telegraph says.Tesco is poised to offer customers a free WiFi internet service in its stores, in what is thought to be a first for a British supermarket. The move comes as Britain's biggest retailer seeks to embrace customers' changing shopping habits, but also reinvigorate its domestic business, under new chief executive Philip Clarke, the Financial Times reports.Controversy over City pay is likely to be reignited by a new European directive that would force pay deals over €1m (£880,000) to be disclosed by banks. The requirement, buried in a 700-page document largely concerned with the amount of capital a bank must hold, was likened by pay experts to an idea raised by Sir David Walker, the City grandee who was commissioned to look at corporate governance in banks by the Labour government, the Guardian reports.Lonrho, the pan-African conglomerate, is believed to be closing in on a deal to supply US supermarket giant Wal-Mart with frozen fish. The £230m UK-listed company's seafood division Oceanfresh, which is approved by the Marine Stewardship Council and World Wildlife Fund, will supply hake caught from off the coast of South Africa in a move designed to tap into America's growing demand for sustainable fish, the Daily Express reports.
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LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

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11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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4 Jan 2024 12:56

Royal London tabling bid to buy bulk annuities from Lloyds - report

(Sharecast News) - Life insurance, pensions and investments group Royal London is in discussions to purchase Scottish Widows' bulk annuities arm, according to Sky News.

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2 Jan 2024 22:01

Top-rated US companies raise over $29 billion in new-year bond supply rush

Jan 2 (Reuters) - Top-rated U.S. companies raised over $29 billion in debt on Tuesday, giving the corporate bond market a strong start to the new year, as the companies tapped demand from investors anticipating lower interest rates later this year.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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18 Dec 2023 10:51

Business travel emissions drop as many firms fly less -survey

LONDON, Dec 18 (Reuters) - Almost half of 217 global firms cut their business travel carbon emissions by at least 50% between 2019 and 2022, analysis published on Monday found, as corporate air travel returned at a much slower pace since the pandemic than leisure flights.

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17 Dec 2023 23:01

Business travel emissions drop as many firms fly less -survey

LONDON, Dec 18 (Reuters) - Almost half of 217 global firms cut their business travel carbon emissions by at least 50% between 2019 and 2022, analysis published on Monday found, as corporate air travel returned at a much slower pace since the pandemic than leisure flights.

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14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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8 Dec 2023 09:39

LONDON BROKER RATINGS: Goldman likes Sainsbury's; RBC cuts Imperial

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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