Member Info for seany123

Thanks Livestock!!

Livestock,

Can you share the document for this information please?

Love that idea ?? Will. LBG have the/our money ??

Hard up.

Quilter was a stand alone business after it bought itself out of Private Equity, then bought Cheviot asset management.
OMW bought it then the management bought it back and listed it on market. Lots of money under management.

Tatton Asset Management very good group.

Quilter or Tatton which has a great IFA distribution channel

Anyone know if the two RNS are positive on the share price?

The analysts have put together a list of 25 London-listed shares that they particularly like. Included are Barclays and Lloyds, the high street banks; Shell, the oil group; Tesco, the supermarket chain; and BT, the telecoms group.

https://www.thetimes.co.uk/article/buy-record-cheap-british-stocks-now-says-jp-morgan-dqf58lh53

What's LBG buying next?

https://news.sky.com/story/abrdn-in-1-5bn-talks-to-buy-diy-stock-picker-interactive-investor-12461582

https://poundf.co.uk/lloyds-share-price-forecast

Derf

A 7p dividend would be life changing, maybe over next 3 years!!

No Charlie tomorrow, just William, hope he's working on actions speak louder than words theory??!!

Ffs

No special dividend from Barc then!

Me also Ade. Why o why makes me cry ??

Wow, Happy Happy people MV Let it gooooooooooooooooooo!!!!!!!!!!!!!!!

Britain's Lloyds Bank to close another 48 branches

Wed, 20th Oct 2021 12:36
LONDON, Oct 20 (Reuters) - Lloyds Banking Group
will close a further 48 branches across England and Wales, the
British lender said on Wednesday, as it seeks to further cut
costs by trimming its physical network.

The closures are the latest in a string of such moves by the
bank, which in June announced the closure of 44 different
branches.

Banks have stepped up branch closures after many paused
restructuring for much of last year to focus on responding to
the COVID-19 pandemic.

"The announcement by Lloyds Banking Group of closing a
further 48 bank branches is a complete betrayal of the
communities and staff who have long supported this highly
profitable business," said Sharon Graham, general secretary of
employment union Unite.

Lloyds said it is responding to customers using branches
less frequently, and that it is piloting a scheme whereby
'community bankers' visit customers in their areas.

The chancellor is preparing to slash a tax surcharge on bank profits by more than 60 per cent in next week’s budget to keep the City of London competitive on a global scale after Brexit, it is reported.

Rishi Sunak will cut the surcharge from 8 per cent to 3 per cent from April 2023, to keep banking activity in the UK healthy in an era of higher corporation tax rates, according to the Financial Times. The City of London claims the financial services sector, including staff and customers, contributes £75.6 billion a year in tax.

Sunak announced in his budget in March plans to raise corporation tax rates from 19 to 25 per cent from 2023. However, he admitted that if the current top-up rate continued this would “make the taxation of banks uncompetitive and damage one of the UK’s key exports”.

At present, banks pay tax at a rate of 27 per cent on their profits, comprised of 19 per cent corporation tax plus the 8 per cent surcharge. The rate is broadly in line with other financial centres including New York and Paris.

The chancellor will say that unless he reduces the surcharge, the overall UK corporation tax rate for banks after 2023 would have been uncompetitive, with banks facing a combined rate of 33 per cent. Instead, from 2023, their combined rate will rise slightly to 28 per cent — 25 per cent corporation tax plus a 3 per cent surcharge.

The chancellor is preparing to slash a tax surcharge on bank profits by more than 60 per cent in next week’s budget to keep the City of London competitive on a global scale after Brexit, it is reported.

Rishi Sunak will cut the surcharge from 8 per cent to 3 per cent from April 2023, to keep banking activity in the UK healthy in an era of higher corporation tax rates, according to the Financial Times. The City of London claims the financial services sector, including staff and customers, contributes £75.6 billion a year in tax.

Sunak announced in his budget in March plans to raise corporation tax rates from 19 to 25 per cent from 2023. However, he admitted that if the current top-up rate continued this would “make the taxation of banks uncompetitive and damage one of the UK’s key exports”.

At present, banks pay tax at a rate of 27 per cent on their profits, comprised of 19 per cent corporation tax plus the 8 per cent surcharge. The rate is broadly in line with other financial centres including New York and Paris.

The chancellor will say that unless he reduces the surcharge, the overall UK corporation tax rate for banks after 2023 would have been uncompetitive, with banks facing a combined rate of 33 per cent. Instead, from 2023, their combined rate will rise slightly to 28 per cent — 25 per cent corporation tax plus a 3 per cent surcharge.

3.1 will they or won't they?