Member Info for livestock

Brucejameson

If you read the article it's By Simon Jack business editor
For BBC news

Metro Bank is now the second most shorted company on the UK stock market.

That means a lot of financial firms are betting the bank's shares will continue to fall - despite having already lost 80% of their value in the last 12 months.

Ever since Metro Bank revealed it had made an error in calculating how much shock absorbing capital it was holding, there have been some serious questions in the minds of regulators about the bank's operating competence and in the minds of investors about its basic business model.

https://www.bbc.co.uk/news/amp/business-47609539

António Horta-Osório He led the abolition of final salary pension schemes at Lloyds but still receives one himself

https://www.thetimes.co.uk/article/lloyds-comes-under-fire-over-horta-os-rio-s-pension-perks-qhzq89t7q

Lloyds faces a backlash from shareholders over its pension policy at the annual meeting on May 16

https://www.proactiveinvestors.co.uk/companies/news/216741/lloyds-in-hot-water-as-ceo-the-only-employee-to-receive-final-salary-pension-216741.html

Standard Life Aberdeen has won a legal battle to stop Lloyds Banking Group from terminating a 100 billion pounds investment management contract three years early, in a move that could cost the bank hundreds of millions of pounds in additional fees.

https://uk.reuters.com/article/uk-standard-lloyds-arbitration/standard-life-aberdeen-wins-100-billion-pounds-mandate-dispute-against-lloyds-idUKKCN1R00KB

Investors around the world poured money into stock market funds last week at the fastest rate in a year, hoping to exploit the continuing rebound from December’s market sell-off.

Equity funds received net inflows of $14.2bn (£10.7bn), the most since March last year, according to analysis by Bank of America Merrill Lynch. Many investors who have been wary about the stock market recovery this year are now turning bullish, the bank said.

https://www.thetimes.co.uk/edition/business/investors-pile-back-into-shares-ldbskjnjs

PPI marketing gambit triggers largest law firm fine ever

Regulators have slapped the largest fine ever on a firm for carpet bombing the public with misleading attempts to encourage them to make payment protection insurance claims.

Find My Claims will have to pay a fine of nearly £125,000, more than three times the previous highest penalty given by the Solicitor Regulation Authority (SRA).

Regulators said that the firm was fined for a cavalier marketing strategy that involved sending more than six million unsolicited letters to the public. The letters were sent in bland plain envelopes in an effort to increase the likelihood of them being opened, the authority said.

https://www.thetimes.co.uk/article/ppi-marketing-gambit-triggers-largest-law-firm-fine-ever-hm9nb2v9h

Pull-back at end of previous week could be temporary

https://www.poundsterlinglive.com/eur/10962-pound-sterling-to-euro-exchange-rate-rally-forecast-to-resume

Britain's highest paid banker on £6.3m earns almost twice the total pay of the top 16 women at the big four banks
Male Lloyds Bank Chief Exec received £6.3m in salary, pension and benefits
While 16 female board members at four leading banks paid a TOTAL of £3.7m
42 men sit on the boards of the big four UK banks compared with only 16 women
The men were paid £48 million overall – or 13 times the amount paid to women

https://www.dailymail.co.uk/news/article-6764881/Britains-highest-paid-banker-rakes-6-3m-year-16-female-board-members-COMBINED.html

Love_you
"""dividend only paid for the last 2 years"""

https://www.lloydsbankinggroup.com/investors/shareholder-info/dividends/

Dividends are good news but the long-term share price chart for Lloyds is not a pretty picture

https://www.thisismoney.co.uk/money/diyinvesting/article-6726331/amp/Paid-wait-Lloyds-shares-Id-better-elsewhere.html

The boss of Lloyds trousered £6.3million in 2018 – meaning he has pocketed more than £50million since taking charge of the bank in 2011.

Antonio Horta-Osorio, 55, last year picked up a base salary and other fixed pay worth £2.1million, benefits worth £157,000 and £3.4million in bonuses.

He was also handed £573,000 towards his pension, equal to 43 per cent of his base salary.

Lloyds is in the firing line for giving Horta-Osorio far better retirement benefits than its own staff, who typically get a maximum of 13 per cent of base salary.

Since taking charge, he has been handed £4.5million of pension payments, and has now picked up £51.4million in total pay.

The retirement perks are likely to be a focus of shareholder anger at the annual meeting.

The Investment Association, representing City institutions, has attacked special pension schemes.

Last year it said: ‘Pension contributions for executive directors should be reduced over time to equal the rate received by the majority of the workforce.’

https://www.thisismoney.co.uk/money/markets/article-6726341/Lloyds-hands-investors-4bn-profits-jump-Bank-plans-massive-expansion-pensions-market.html

Best post of the year

Divi increase 4.29 percent. whoopee

Lloyds Banking Group has hired a finance director on an annual package of up to £4.7 million, with a “golden hello” of £4.4 million on top.

William Chalmers, co-head of financial institutions at Morgan Stanley, the investment bank, will join Lloyds in June, taking over from George Culmer, 50, who will leave after a short handover period.

Mr Chalmers, 50, was a key adviser to HBOS, the banking group rescued by Lloyds TSB and British taxpayers in the financial crisis in 2008. He also advised the Treasury as it tried to contain the collapse of Bradford & Bingley, part of which was sold to Santander.

https://www.thetimes.co.uk/edition/business/lloyds-lures-finance-boss-with-5m-deal-and-4m-golden-hello-6j62df8hj

Lloyds is on track to report record profits, with analysts forecasting a 30 per cent rise in post-tax profits to £4.6 billion.

The high street bank, which has been shelling out billions in compensation for mis-selling PPI, is also forecast by some analysts to announce a £2 billion share buyback, whereby the bank will repurchase shares to return value to investors.

https://www.thisismoney.co.uk/money/news/article-6712087/Britains-banks-poised-reveal-biggest-profits-financial-crisis-erupted-2007.html

City analysts expect Lloyds to see pre-tax profit rise over 20 per cent to £6.4billion for last year

https://www.thisismoney.co.uk/money/markets/article-6709597/amp/Barclays-set-reveal-profits-fall-week-Lloyds-expected-unveil-20-surge.html

https://www.google.com/amp/s/amp.belfasttelegraph.co.uk/business/uk-world/barclays-and-lloyds-limber-up-as-bank-results-keep-on-coming-37820050.html

https://www.cmcmarkets.com/en-gb/opto/lloyds-lloy-share-price-will-q4-earnings-see-2019s-gains-wiped-out

Lloyds Banking Group and Schroders are to ramp up their wealth management joint venture by hiring up to 700 advisors and increasing assets under management.
According to reports, the two companies - which announced last October they would combine their wealth, investment and financial planning businesses - want to hire more than 700 financial advisors as they take on rivals like St James's Place.

Lloyds has also set an internal target of increasing AUM to as much as £25bn, according to the Financial Times.

It is thought the jump in AUM, from the current level of around £13m, will be achieved through organic growth - primarily by targeting banking customers who use rival wealth and investment services - and possibly acquisitions.

Lloyds and FTSE 100 fund manager Schroders said last October they wanted to create a "market-leading wealth management proposition".