Member Info for hardup

After 169 trading days, buyback complete to date:

Total shares to date....................................................2,953,385,295

Aggregate cost to date... ............................................£1,596,313,224.32

Average price paid to date..........................................54.0503p

Percentage of £2 billion buyback completed............79.82%

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it.

Lloyds Banking Group has backed the Labour government’s forthcoming budget and played down the impact of any tax increases, which it said would probably be part of a “constructive, pro-growth agenda”.

The chief financial officer of the UK’s biggest mortgage lender, William Chalmers, said he would welcome a budget package that was consistent with government pledges to kickstart growth and investment in areas such as energy, infrastructure and housing.

The bank’s support for Labour’s agenda will come as a boost to the government, as it faces criticism from some employers over plans to increase workers’ rights and employer national insurance contributions in the chancellor Rachel Reeves’s budget next Wednesday.

Chalmers would not be drawn on the impact specific tax proposals could have on Lloyds – including raising NICs, or cancelling stamp duty exemptions.

However, he said: “Whatever the tax changes might be, we believe that they will be pursued in the context of a constructive, pro-growth agenda. And it’s that overall balance that we’re really looking for, and indeed it’s that overall balance, that pro-growth agenda, that we would seek to be a part of going forward.”

Link to full article: https://www.theguardian.com/business/2024/oct/23/lloyds-backs-reeves-budget-plans-despite-mooted-tax-increases

This mornings euphoria has quickly faded away.

"When are we expecting the dividend payment for Lloyds?"

What dividend payment?

I wouldn't describe a 0.3p fall as a sell off.

After 168 trading days, buyback complete to date:

Total shares to date....................................................2,945,407,177

Aggregate cost to date... ............................................£1,591,371,450.38

Average price paid to date..........................................54.0289p

Percentage of £2 billion buyback completed............79.57%

He put up a post a while ago saying he had closed them all.

"I didn't realise they could abandon a buyback unless there was a pandemic or other crisis."

It would not be abandoned as such. The RNS that announced the commencement of the buyback stated "The programme will commence on 23 February 2024 and will end no later than 31 December 2024."

No shares bought back today so figures the same as for Wednesday 9th October.

After 167 trading days, buyback complete to date:

Total shares to date....................................................2,944,743,918

Aggregate cost to date... ............................................£1,590,961,884.64

Average price paid to date..........................................54.0272p

Percentage of £2 billion buyback completed............79.55%

Lloyds Bank rebrands private rental arm and hits major milestone.

Citra Living, the private rental offshoot of Lloyds Banking Group, is being rebranded as the financial giant steps up its involvement in the sector.

Its latest deal has seen it acquire another 821 homes in existing Build To Rent schemes constructed by Gatehouse. This takes Citra’s portfolio up to some 5,000 rental units.

They are on nine sites in locations across the North West and Midlands. The acquired homes include a mix of two, three and four-bedroom homes, as well as 72 low rise apartments. Occupancy of the homes currently stands at 99%, with EPC ratings of B or higher, putting them in the top 10% of UK homes for energy-efficiency.

Simultaneously, Citra is rebranding as Lloyds Living, with the black horse symbol on its logo. The bank says the new name reflects its long-trusted history.

The bank says its role as a Build To Rent player involves it “providing a stress-free and reliable service, and offering them a good value, high quality rental experience … [as] a trusted landlord, helping customers feel safe and secure in their homes, so they can put down roots and help communities grow.”

Across the country it is known that the Ascend and Lomond agency groups are involved in management of the Lloyds Living portfolio.

https://www.lettingagenttoday.co.uk/breaking-news/2024/10/lloyds-bank-rebrands-private-rental-arm-and-hits-5000-home-milestone/

Thicky

"It was REALLY STUPID to publicise the video of his murder!"

How would you describe the murder of 1200 innocent Israeli civilians in cold blood on October 7th, which was planned by Yahya Sinwar?

Thicky,

"Free Palastine!"

How's your mate Yahya Sinwar getting on?

You're fecking pi55ed at Wetherspoons again!

No shares bought back today so figures the same as for Wednesday 9th October.

After 166 trading days, buyback complete to date:

Total shares to date....................................................2,944,743,918

Aggregate cost to date... ............................................£1,590,961,884.64

Average price paid to date..........................................54.0272p

Percentage of £2 billion buyback completed............79.55%

No shares bought back today so figures the same as for Wednesday 9th October.

After 165 trading days, buyback complete to date:

Total shares to date....................................................2,944,743,918

Aggregate cost to date... ............................................£1,590,961,884.64

Average price paid to date..........................................54.0272p

Percentage of £2 billion buyback completed............79.55%

No shares bought back today so figures the same as for Wednesday 9th October.

After 164 trading days, buyback complete to date:

Total shares to date....................................................2,944,743,918

Aggregate cost to date... ............................................£1,590,961,884.64

Average price paid to date..........................................54.0272p

Percentage of £2 billion buyback completed............79.55%

"LL there was no such company as LBG IN 2007"

It was Lloyds TSB in 2007. It became the LBG after the takeover of HBOS in 2009. Lloyds TSB was formed in 1999 after Lloyds Bank and TSB merged.

TFE......hit the nail on the head with that one.

Brixton

"If your stupid enough to put Liberal Labour Conservative Government in power at any time in the last 50/60 years .......& most of you are ..........😩"

Well the leader of the Brexit Party at the 2019 GE must have been stupid as well then as he proactively decided not to put any Brexit Party candidates forward to stand against Conservative candidates in Tory seats, he only put Brexit Candidates to stand in Labour seats, to ensure the Conservatives won the 2019 GE. .Now what was his name again...🤔

"Hardup, the positive 'mood music' from Labour being in power is infections and providing a general uplift. Do you not feel it?"

Positive mood music 🤡🤡🤡

With the forthcoming budget everyone else is feeling trepidation!