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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 55.52
Bid: 55.48
Ask: 55.50
Change: 0.50 (0.91%)
Spread: 0.02 (0.036%)
Open: 55.00
High: 55.56
Low: 54.96
Prev. Close: 55.02
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Thursday newspaper round-up: BoE, Lloyds, JP Morgan

Wed, 22nd Oct 2014 19:30

Bank of England policymakers have revealed that they do not intend to raise interest rates in the short-term amid a slowing economic recovery and increased risks from the Eurozone, the Guardian reported on Thursday. Minutes of the October meeting of the Bank's rate-setting Monetary Policy Committee (MPC) showed that seven members voted to leave rates unchanged at the historic low of 0.5% they fell to when the financial crisis reached its peak in March 2009."Unless pay growth shoots up in the next couple of months, a rate rise soon after the [general] election [in May 2015] now looks the most likely scenario," said Chris Williamson, chief economist at Markit.Lloyds Banking Group is set announce plans to cut 9,000 jobs over the next three years, the Financial Times reported.The cuts, which amount to about 10% of Lloyds' workforce, will be announced on 28 October and are part of group chief executive Antonio Horta-Osorio's strategy review to make the UK's biggest retail lender more digitally focused.Executives at JP Morgan Chase & Co were alerted of potential problems related to the bank's hiring practices in China more than a year before the program came under scrutiny by the US government, The Wall Street Journal reported.A bank official in Asia warned legal and compliance executives in New York in 2011 of anonymous accusations that the bank's recruitment of a son or daughter of a senior Chinese official helped it win an investment-banking assignment, as revealed by emails disclosed in the report. JP Morgan officials later discussed the accusations and dismissed them, but decided to go ahead with the changes to the region's hiring practices.Come 2020 NHS will require an additional £8bn a year, according to the head of the health service, Simon Stevens, said. That comes despite plans for savings on a scale never seen before and marks an unprecedented plea for extra funds. If above-inflation increases in spending are not approved then patients will face cuts, staff shortages or freezes on new drugs, The Times reports.Lloyds plans to cut its head count by 9,000 persons or 10% over the coming three years as part of the lender's strategy for greater automation to be outlined next week. The announcement will come alongside the lender's third quarter results which are due to be published on 28 October.Nevertheless, plans to expand certain areas such as consumer finance and the credit card business - as well as larger digital operations - will help to offset some of the pain of job cuts, according to The Times.Embattled grocer Tesco is under increasing pressure to appoint a new chairman quickly. According to insiders shareholders have already been sounded out regarding the potential appointment of Richard Cousins, the chief executive of Compass.Other candidates in the running include John Gildersleeve, an ex-director of Tesco who heads up British Land and Archie Norman, the chairman of ITV who revitalised Asda in the 1990s, writes The Times.
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17 Jan 2024 12:00

LONDON MARKET MIDDAY: UK inflation uptick, weak China data hits stocks

(Alliance News) - Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations.

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15 Jan 2024 16:57

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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