GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 55.02
Bid: 55.00
Ask: 55.04
Change: -0.62 (-1.11%)
Spread: 0.04 (0.073%)
Open: 55.66
High: 55.68
Low: 54.52
Prev. Close: 55.64
LLOY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

MPs call on Lloyds to provide evidence on failed Co-op deal

Tue, 04th Jun 2013 13:49

Lloyds Banking Group's Chairman and Chief Executive Officer have been summoned to provide evidence on its failed deal to sell more than 630 branches to The Co-operative Group, according to Sky News on Tuesday.The Treasury Select Committee has invited Sir Win Bischoff and Antonio Horta-Osorio to share their perspective on the now-defunct transaction with the struggling UK retail business which includes The Co-operative Banking Group division.They are expected to appear before the committee later this month and to face tough questioning over why they allowed the deal to progress so far despite public concerns about the group's capital reserves. Their appearance will come days after the publication of a report that will make proposals for spurring competition in retail and business banking.It is understood Sir Bischoff and Horta-Osorio will also be asked whether Lloyds was put under political pressure to select Co-op as the preferred bidder over investment vehicle NBNK.The 41%-taxpayer owned lender's agreement to sell the branches to the Co-op was applauded by Chancellor George Osborne and Business Secretary, Vince Cable as a milestone move in reforming British banking.The deal fell through after it emerged that Co-op's existing business was significantly under-capitalised. Co-op's credit rating has been downgraded several times and it has seen the departure of number of top executives. Shares in Lloyds rose 1.28% to 62.41p at 14:41.RD
More News
30 Jun 2023 08:22

UK's Barratt looks to boost revenue with $212.6 mln homes sale deal with Citra

June 30 (Reuters) - Barratt Developments on Friday said it had agreed to sell 604 homes to Lloyds' private rental subsidiary Citra Living for 168.4 million pounds ($212.57 million) in cash, as Britain's largest housebuilder looks to diversify revenue.

Read more
30 Jun 2023 07:56

LONDON BRIEFING: Markets ponder strong US economy, slow China recovery

(Alliance News) - Stocks in London were called higher on Friday, as investors weighed conflicting economic data from the world's two largest economies.

Read more
29 Jun 2023 12:35

Intel vs Nvidia: mind the gap

STOXX Europe 600 up 0.3%

*

Read more
29 Jun 2023 11:28

What a PP, Vox-led Spain could mean for equities?

STOXX Europe 600 up 0.1%

*

Read more
29 Jun 2023 10:29

UK banks: reasons to buy on weakness

STOXX Europe 600 up 0.1%

*

Read more
29 Jun 2023 09:00

LONDON BROKER RATINGS: Exane cuts Ashtead; Investec likes De La Rue

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

Read more
26 Jun 2023 17:39

UK banks face profit hit from rising threat of economic hard landing

(Alliance News) - JPMorgan on Monday warned that high street lenders, Lloyds Banking Group PLC, Barclays PLC and NatWest Group PLC, face a profit squeeze in the event of a hard-landing for the UK economy.

Read more
26 Jun 2023 16:28

UK finance minister Hunt says banks are slow to pass on rate hikes to savers

LONDON, June 26 (Reuters) - Britain's finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved.

Read more
26 Jun 2023 11:57

LONDON MARKET MIDDAY: Risk-off amid higher rates, Russia instability

Alliance News) - Stock prices in London were lower at midday on Monday, as an aborted uprising in Russia over the weekend and hawkish moves from central banks over the past two weeks caused investors to tread carefully.

Read more
26 Jun 2023 10:10

JPMorgan downgrades Lloyds to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

Read more
26 Jun 2023 08:55

LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

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

Read more
26 Jun 2023 07:56

LONDON BRIEFING: Stocks firm; Aston Martin signs Lucid, Mercedes deals

(Alliance News) - Stocks in London were set to start the new week marginally lower, with financial markets unfazed by a failed revolt by a mercenary army in Russia over the weekend.

Read more
26 Jun 2023 07:40

Broker tips: Lloyds, Cranswick, On The Beach

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

Read more
23 Jun 2023 15:50

UK banks agree limited mortgage relief measures for stressed borrowers

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.

Read more
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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.