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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 55.56
Bid: 55.64
Ask: 55.66
Change: -0.52 (-0.93%)
Spread: 0.02 (0.036%)
Open: 56.22
High: 56.32
Low: 54.98
Prev. Close: 56.08
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Union up in arms over further job cuts at Lloyds Banking Group

Wed, 13th Mar 2013 13:48

Lloyds Banking Group came under attack by union Unite after announcing it would cut a further 550 jobs.The axe will affect departments including risk, retail, insurance and commercial banking.It follows a 940 cull in January, and brings the total number of redundancies to 8,550.The move is part of the British lender's major restructuring launched in 2011 which includes cutting 15,000 jobs by 2014. Unite urged the bank against reducing its workforce, saying it was a short-term fix to facilitating growth."It's madness that the bank has so many agency workers when it's cutting so many permanent jobs," Unite national officer Dominic Hook told Sky News."Lloyds is looking for a period of stability and growth but it won't be achieved by continuous and damaging job cuts. The bank must put an end to mass redundancies and instead foster job security, pay workers fairly and concentrate on customer service."Lloyds, which is 39% owned by the taxpayer, said all affected employees were briefed by their manager and unions were consulted.The bank reported a loss for last year of £570m, down from £3.5bn in 2011, blaming a £3.5bn provision for mis-selling payment protection insurance.The government has indicated it would sell-off its stake within months.
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3 May 2023 16:58

LONDON MARKET CLOSE: FTSE 100 in the green ahead of Fed rate decision

(Alliance News) - Stocks in London were higher at the close on Wednesday as investor waited with bated breath for the US Federal Reserve's next interest rate decision.

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3 May 2023 12:06

LONDON MARKET MIDDAY: Stocks up ahead of US Fed rate decision

(Alliance News) - Blue-chip equities in Europe were higher at midday on Wednesday, before the Federal Reserve takes centre-stage, as a key week for central bank decisions and US labour market data picks up speed.

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3 May 2023 09:11

LONDON MARKET OPEN: Dollar softens ahead of US rate announcement

(Alliance News) - Stock prices in London opened in the green on Wednesday, as investors await what is anticipated to be the final interest rate hike from the US Federal Reserve this tightening cycle.

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3 May 2023 09:10

TOP NEWS: Lloyds backs guidance as first-quarter profit rises 46%

(Alliance News) - Lloyds Banking Group PLC on Wednesday said first quarter profit was up in line with improving income, including interest income, while it backed its annual guidance.

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3 May 2023 08:23

UK's Lloyds beats profit forecasts, signals stresses ahead

LONDON, May 3 (Reuters) - Interest rate rises helped British bank Lloyds beat first quarter profit forecasts on Wednesday, but early signs of stress among some borrowers pointed to tougher times ahead.

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3 May 2023 07:52

LONDON BRIEFING: Lloyds profit jumps 46%; Flutter revenue up 54%

(Alliance News) - Stocks in London were called to open on Wednesday higher ahead of the US interest rate decision announcement, amid mostly positive updates from London's large-cap companies.

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3 May 2023 07:03

Lloyds Q1 46% profit jump beats expectations

(Sharecast News) - Lloyds Bank became the latest UK lender to beat quarterly profits forecasts as earnings surged on the back of higher interest rates, although deposits fell sharply.

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2 May 2023 13:35

Wednesday preview: US Fed decision, Lloyds in focus

(Sharecast News) - All eyes on Thursday would be on the US central bank as it announced its latest policy decision.

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28 Apr 2023 21:08

TRADING UPDATES: Wells Fargo joins LendInvest GBP200 million financing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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28 Apr 2023 18:00

Britain's Lloyds to repay AT1 debt as market recovers from Credit Suisse shock

LONDON, April 28 (Reuters) - Lloyds, Britain's biggest domestic bank, said on Friday it will repay an 'Additional Tier 1' (AT1) bond in June, the latest sign of a market recovery after a Swiss decision to write down such debt as part of the rescue takeover of Credit Suisse.

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28 Apr 2023 16:14

Lloyds to repay shock-absorbing AT1 bond in June

LONDON, April 28 (Reuters) - Britain's biggest domestic bank Lloyds said on Friday it will repay a shock-absorbing 'Additional Tier 1' (AT1) perpetual bond at its first opportunity on June 27.

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26 Apr 2023 14:49

Global finance 'giant' Win Bischoff lauded by industry as dies aged 81

LONDON, April 26 (Reuters) - Win Bischoff, who was among the most influential and celebrated financiers of his generation, has died at the age of 81, prompting tributes from the industry he helped shape.

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26 Apr 2023 10:55

Veteran banker Win Bischoff dies at 81 - Sky News

LONDON, April 26 (Reuters) - Win Bischoff, one of the world's most influential and celebrated financiers, has died at the age of 81, Sky News reported on Wednesday.

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