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Britain posted a record budget deficit of 62.1 billion pounds

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-05-22/u-k-budget-deficit-largest-since-modern-records-began-in-1993

The British investment bank HSBC left the rating for Lloyds on "Buy" with a target price of 43 pence.

https://www.finanzen.ch/analyse/lloyds-banking-group-buy-714470

40p

Asperger1

Lloyds Banking vows to repay missed dividends

I hope lloyds keeps to their word, so in 2021 lloyds restarts the divi payment and shareholders get the back dated divi from 2019,2020. This isn't so bad

Otto123

IHS Markit said its composite index — measuring activity in the dominant services sector and in manufacturing — rose to 28.9 in May’s preliminary from 13.8 in April’s final reading, stronger a Reuters poll of economists had forecast. PMIs below 50 represent a decline.

https://uk.reuters.com/article/uk-health-coronavirus-britain-economy/uk-economy-stuck-in-covid-slump-pace-of-slide-eases-in-may-pmi-idUKKBN22X0VJ

CIPS Flash UK Composite PMI Economic Data

28.9 in May, vs 13.8 in April

Lloyds is viewed as a bellwether for the British economy

Britain sold a government bond with a negative yield for the first time on Wednesday, meaning the state is effectively being rewarded to borrow as investors agree to be repaid slightly less than they lent.

https://uk.reuters.com/article/us-britain-bonds/britain-borrows-at-negative-interest-rate-for-first-time-idUKKBN22W1RL

DT
The banks could be utopia they are playing a big part of the solution in times of crisis , still got a long way to go

FOCUS-British backing gives some RBS investors comfort in crisis

Lloyds Banking Group's first-quarter lending rose 1% in the first quarter, after the loan book of Britain's largest domestic bank had shrunk by 1% in 2019.

https://uk.finance.yahoo.com/news/focus-british-backing-gives-rbs-112130296.html

Lloyds Banking Group PLC 54.7% Potential Upside Indicated by Jefferies International

https://www.google.com/amp/s/www.***************************/lloyds-banking-group-plc-54-7-potential-upside-indicated-by-jefferies-international/412822852%3famp

Ex-Lloyds finance chief George Culmer takes Aviva Chairman role
https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN22V1N7

https://www.google.com/amp/s/news.sky.com/story/amp/high-street-lender-lloyds-faces-investor-backlash-over-bosses-pay-11990599?espv=1

UK Household Finance Index (HFI) – which measures households’ overall perceptions of financial wellbeing – recorded 37.8 in May, up only slightly from April's eight-and-a-half year low of 34.9. While the headline number did rise, it remained among the worst seen since the survey's inception in 2009 and signalled a further sharp deterioration in the financial health of UK households.

Japan has fallen into recession as the financial toll of the coronavirus continues to escalate.

The world's third biggest economy shrank 3.4% in the first three months of 2020 compared to a year ago, its biggest slump since 2015.

https://www.google.com/amp/s/www.bbc.com/news/amp/business-52570721

SUFCESSEX

""They going to be my true portfolio winners in 12 months time""

Lloyds with the BOE supporting the country through this epidemic is a game changer for Lloyds. It will no longer be the unloved bank its been for the last 12 years. when lloyds restarts paying the dividend the UK economy is back the bank will no longer be stuck in the 60p range

Maybe lloyds shareholders are just starting to understand why lloyds and the bank of England cancelled the 2019/2020 dividend

GDP set to plunge nearly a third this quarter

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-8316019/amp/UK-faces-recession-end-recessions-GDP-set-plunge-30.html

The SP is the same price as 3 April this has to be the bottom for Lloyds

The Bank of England is not considering taking interest rates below zero, Governor Andrew Bailey said on Thursday.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL8N2CW4JY

The UK economy shrank by 2% in the three months to the end of March - the first official look at the financial effects of the lockdown.

https://www.google.com/amp/s/news.sky.com/story/amp/coronavirus-gdp-down-2-as-uk-economy-struggles-with-pandemic-11987378

LONDON (Reuters) - Many of the City of London's bankers and traders will be working from their kitchens or bedrooms for at least a year under some scenarios being planned by finance companies in Britain.

Banks, insurance companies and asset managers have had to work remotely since the country locked down in March to fight the coronavirus pandemic.

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN22O222