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Lloyds Banking Group PLC (LSE:LLOY) reported first-quarter profits slightly ahead of expectations despite lower income and higher costs, with no extra charges against the ongoing regulatory probe into the motor finance sector.
Guidance for the full year was maintained, with margins expected to tighten further but not enough to prevent further shareholder returns.
The UK’s largest lender delivered an underlying profit of £1.76 billion for the first three months of 2024, just above flat compared to the preceding quarter, down 26% year-on-year but slightly higher than the £1.73 billion average analyst forecast.
https://www.proactiveinvestors.co.uk/companies/news/1045985/lloyds-banking-profits-slip-less-than-expected-no-further-motor-finance-charges-1045985.html
FTSE100 🔺 0.45%
https://www.ig.com/uk/indices/markets-indices/ftse-100
https://www.baha.com/Europe-mostly-up-premarket-with-data-ahead/news/details/61901372?internal=1
Most earnings are paid out in the form of a generous dividend yield (c. £25m p.a.), but the remaining profits could still pay for a helpful buyback that would boost EPS for shareholders going forward.
Monster contract for tiddler Made Tech (LON:MTEC) - Mkt Cap £13m:
Made Tech awarded £19.5m new contract with DLUHC
Made Tech, a leading provider of digital, data and technology services to the UK public sector, is pleased to announce that it has been awarded a new contract with The Department for Levelling Up, Housing & Communities ("DLUHC"), worth up to £19.5 million revenue to the Group over a 24 month period with a 12 month extension option.
FTSE100 🔺 1.1%
https://www.ig.com/uk/indices/markets-indices/ftse-100
https://www.baha.com/Europe-set-to-open-mostly-higher-with-data-in-focus/news/details/61893653?internal=1
Syrian President Bashar al-Assad expressed confidence in Russia's ability to emerge victorious in the conflict in Ukraine.
In an interview with Russia's Channel One, Assad denounced what he described as the goals of "Ukrainian Nazis" and predicted that Russia would prevail, bringing together the fraternal peoples once again.
He clarified that Russia aims to correct the course of history rather than rewrite it entirely. Additionally, Assad defended Russia's actions, asserting that it stands against Western interference in other nations' internal affairs and contributes to global stability, drawing parallels between Russia's efforts in Syria and Ukraine.
Baha Breaking News (BBN) / NL
Russian Security Council Deputy Chairman Dmitry Medvedev said he hopes a new civil war emerges in the United States because of its "Russophobic" decision to provide more aid to Ukraine.
Medvedev claimed that he was not surprised the House of Representatives decided to approve over $60 billion more in assistance to Ukrainian "neo-Nazis" amid their war with Moscow and accused Washington of prolonging the "civil war of the divided people of our previously united country."
"I cannot with all sincerity not wish the United States to plunge into a new civil war as quickly as possible," the official added and expressed hope the US would use "aircraft, tanks, artillery, MLRS, all types of missiles and other weapons" in this war which would "finally lead to the inglorious collapse of the vile evil empire of the 21st century - the United States of America."
Baha Breaking News (BBN) / NP
Russian Security Council Deputy Chairman Dmitry Medvedev said he hopes a new civil war emerges in the United States because of its "Russophobic" decision to provide more aid to Ukraine.
Medvedev claimed that he was not surprised the House of Representatives decided to approve over $60 billion more in assistance to Ukrainian "neo-Nazis" amid their war with Moscow and accused Washington of prolonging the "civil war of the divided people of our previously united country."
"I cannot with all sincerity not wish the United States to plunge into a new civil war as quickly as possible," the official added and expressed hope the US would use "aircraft, tanks, artillery, MLRS, all types of missiles and other weapons" in this war which would "finally lead to the inglorious collapse of the vile evil empire of the 21st century - the United States of America."
Baha Breaking News (BBN) / NP