Member Info for hardup

The latest offering from the Motley Fool experts 🤣🤣 "Do I sell if the Lloyds share price hits £1 in 2024?"

hmmmmmmmmmmmmmmmmm? FFS YES!!!!!!! 🤣🤣🤣🤣🤣🤣

NuckyT......you only bought back in 8 days ago and you are in profit....up around +2.5% on your entry! What were you expecting after 8 days! 🤣🤣🤣🤣

Brixton trying to lure Falky out of hiding! 🤣🤣

I found this link dated 1st December 2023.

Lloyds Prepares Bid to Buy Tesco Bank as Supermarket Moves to Offload Lending Unit.

Lloyds Banking Group plc (LSE:LLOY) has emerged as a possible suitor for Tesco Personal Finance plc as the supermarket chain pushes on with plans to offload its lending unit. Lloyds' rival Barclays PLC (LSE:BARC) has also been linked with a bid for the unit, which offers credit cards, loans and insurance products rather than traditional current accounts and is not seen in the bracket of a traditional challenger bank. The bank also owns an insurance underwriter that could be sold as part of the deal.

The supermarket launched a review of its banking operations in February, hiring Goldman Sachs to consider options and sound out bids for the company. Due to the varied nature of Tesco Bank's products, a buyer could also choose to hive off parts of the business or form a joint venture. Any purchase by Lloyds would be seen as a bolt-on deal rather than transformative, given the relatively small size of Tesco's operations.

Lloyds has made a number of small takeovers in recent years to bolster its offering, including buying Embark and Tusker. Buyers may be attracted by the potential to acquire Tesco's financial services customers and cross sell other financial products to them.

https://uk.marketscreener.com/quote/stock/BARCLAYS-PLC-9583556/news/Lloyds-Prepares-Bid-to-Buy-Tesco-Bank-as-Supermarket-Moves-to-Offload-Lending-Unit-45481741/

Dec 15 (Reuters) - Embattled British lender Metro Bank said on Friday it will retain its existing residential mortgage portfolio after scrapping plans for a potential sale of up to 3 billion pounds ($3.81 billion) of loans, citing market conditions.

The move follows the Metro's recent cost reduction plan in November that slashed 20% of its workforce and axed some of its biggest customer perks, just days after a shareholder approval for a 925 million pound ($1.15 billion) rescue package.

Metro said on Friday it had "carefully considered" the sale and concluded that "given the prevailing market environment, it is in the best interests of shareholders to retain the existing loan portfolio".

Sky News late last month had reported that Barclays was in exclusive talks to buy a 3 billion pound mortgage book from Metro.

Other contenders for the portfolio included Spanish bank Santander.

https://uk.marketscreener.com/quote/stock/METRO-BANK-HOLDINGS-PLC-152582897/news/UK-s-Metro-Bank-to-retain-residential-mortgage-portfolio-45581369/

Jgf....yes Lloyds own the Tesco Mortgage book but that's not breaking news. They bought that in September 2019.

Mysterious Seany123

Where are you getting that from? I see nothing in the Media saying this?

"When will this be announced?"

When someone has bought them.

"Farage and Johnson dream ticket." = Brixton's wet dream.

🥱🥱💤💤💤💤💤💤

STP.......And Stockready also apologised to me because the post was directed at you, but you knew that anyway.

"Hardup

My apologies mate, the post meant to be for that clown STP"

"The post meant for that clown STP and not Hardup at all

My apologies for confusion

So STP please pack your smelly garbage and move on mate"

"Tory top dream team? - Farage, Johnson, Starmer"............and Brixton! 🤣🤣🤣

That's all it is, a dream. It'll never happen.

Brixton.....you mean you were the only one that failed the 11+ selection exam! 😎

Bob the builder's got competition!

FED now saying they “aren’t really talking about rate cuts right now.”!

"Fed rate-setter John Williams was speaking to CNBC just now and his comments seem to be bringing a bit of a reality-check moment to markets at the end of an exuberant week.

Williams says voting members of the US Federal Reserve “aren’t really talking about rate cuts right now.” He is also pushing back against market expectations for cuts next year and says thinking about a March rate cut would be premature.

We can debate what “really talking” and “right now” mean in this context, but it’s clear his words have prompted investors to trim a bit of the optimism triggered by the Fed’s meeting earlier this week."

https://www.bloomberg.com/news/live-blog/2023-12-15/what-s-moving-uk-markets-right-now-markets-today

Citra Living, the rental housing owner and operator and part of Lloyds Banking Group, has bought the prominent British Waterways building in Nottingham city centre.

The deal will bring forward 95 new apartments to the private rental market as work begins on the site.

Citra, which operates a growing portfolio of more than 2,000 homes across the UK, has acquired the entirety of the Grade II-listed residential scheme.

The homes have been developed in partnership with H20 Urban, a long-term joint venture between developer bloc and the Canal & River Trust, which owns and manages the surrounding canal network.

The apartments to be marketed by Citra include a mix of studio, one- and two-bed homes plus communal space. Car parking spaces will be provided in the basement of the development, while secure internal cycle parking will also be included.

The refurbishment of the British Waterways building includes a rooftop extension that will provide eight apartments with views over the city.

The scheme forms part of Citra’s growing portfolio in the East Midlands. The rental housing owner and operator, which was established in 2021, has recently bought more than 100 homes across schemes in Nottingham and Leicester being brought forward by national housebuilder Keepmoat.

https://www.thebusinessdesk.com/eastmidlands/news/2079876-iconic-nottingham-city-centre-building-sold

SR1, no worries.

STP

"Hey stockcookedeasily, you are just parachuting in here telling us to hold long term, and diddly squat to worry about."

Wind yer fecking neck in............you only parachuted in here in May this year! And in that short time your posts do nothing but spouting your sore loser remainer rhetoric, they have nothing to do with discussing being invested in Lloyds! SR1 has been posting on this board long before you have and his posts are all relevant to being invested in Lloyds.