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Industry & services

Aston Martin flop leads to reported IPO devaluation for law firm Vannin Capital

The news was followed by another poor showing from the luxury car maker on Monday as its shares began the first day of full trading...

on 8/10/18
Finance

Lloyds in talks to merge wealth-management arm into joint venture with Schroders

The UK's largest high street bank is expected to announce details of the potential deal later in October...

on 8/10/18
Finance

Lloyds and RBS back on their feet 10 years after government's bank rescue deal

Given the risks facing the economy, including Brexit and a trade war between the US and China, there is speculation about whether a global recession could happen again...

on 8/10/18
Finance

Former finance director of Lloyds corporate bank to join Rathbone Brothers

Jennifer Mathias held various senior positions at Lloyds over a 16-year period, including as finance director of corporate banking...

on 4/10/18
Finance

Competition watchdog slams Lloyds after PPI errors

The CMA said Lloyds had failed to send annual reviews detailing how much customers need to pay and their right to cancel the policy to some 14,000 eligible customers...

on 4/10/18
Finance

Goldman Sachs' new UK online retail bank challenges Lloyds, RBS, Barclays and HSBC

Goldman’s online retail bank, named Marcus after the group’s founder, is offering an interest rate on savings of 1.5%...

on 27/9/18
Finance

Lloyds remains 'our most preferred UK bank', says Credit Suisse as it hikes target price

Credit Suisse expects Lloyds to achieve a dividend yield of 10% in 2019/20...

on 24/9/18
Finance

Finance houses no longer appear to love asset managers; why should you?

Suddenly, it's all the rage for insurance companies to offload their asset management businesses. Does this signify the top of the market?...

on 18/9/18
Finance

Lloyds to be hit worst by ‘intense mortgage competition’, says Goldman as it moves RBS up to ‘buy’

The ‘bulge bracket’ investment bank sees no end in sight to the pressure on mortgage pricing, which it argues is bad news for Lloyds but not so for RBS...

on 12/9/18
Finance

Investors still wary 10 years on from Lehman Brothers collapse

Performance since the financial crisis demonstrates that in the long term, the stock market is surprisingly reliable, says Hargreaves Lansdown...

on 11/9/18
Finance

Lloyds to axe 380 jobs and add 435 roles as part of digital strategy

Lloyds is investing £3bn into staff and technology as part of a three-year strategy to better compete in a market where digital banking is growing in popularity...

on 6/9/18
Finance

Lloyds becomes first bank to issue bond tied to Bank of England's substitute to scandal-hit Libor

Lloyds priced the three-year bond at 43 basis points above the Sonia rate...

on 5/9/18
Finance

RBS to axe more branches, outpacing Lloyds, HSBC and Barclays with closures

RBS, Lloyds, Barclays and HSBC have been shutting branches as an increasing number of customers switch to online banking...

on 5/9/18
Finance

Lloyds Banking and BT Group among the big names on the Investment Association's naughty step

For FTSE 100 companies, there was an increase in shareholder rebellions against directors' pay. For FTSE 250, the beef was more to do with directors that many shareholders did not want being re-elected...

on 29/8/18
Finance

Lloyds completes £1bn share buyback programme

Lloyds unveiled the share buyback at its annual results alongside a 20% dividend hike...

on 28/8/18
Finance

Goldman Sachs to launch online retail bank in the UK in coming weeks

The bank will be open to the Wall Street giant’s UK employees before its official launch...

on 23/8/18
Retail & consumer

Monzo said to be planning £20mln crowdfunding as it eyes unicorn status

Monzo is set to receive “unicorn” status alongside technology companies such as Deliveroo and Skyscanner valued at US$1bn or more...

on 23/8/18
Finance

Standard Chartered reveals delay to regulatory approval for post-Brexit EU hub

The delay comes amid sector-wide pressure from European regulators to submit more detailed plans for their post-Brexit hubs to prevent banks from creating token offices...

on 20/8/18
Finance

HSBC upgrades RBS to 'buy' and keeps Lloyds at 'hold' but Barclays still preferred

"RBS has been the worst performing UK domestic bank stock year-to-date," HSBC said...

on 17/8/18
Finance

Lloyds, RBS and HSBC among worst performers in customer survey, CMA reveals

RBS came joint last with Clydesdale Bank while Lloyds was ranked the same as TSB, which was hit by an IT crisis in April ...

on 15/8/18
Finance

Standard Life Aberdeen blames tough market conditions for lower profits and AUMA

Standard Life Aberdeen said economic and political uncertainties continue to affect investor sentiment...

on 7/8/18
Finance

Brexit and global trade war put dividend hikes at risk for Lloyds, RBS, Barclays and HSBC

Lloyds and HSBC have come out on top in dividend payouts with a projected 2018 yield of 5.4% for the two lenders ...

on 6/8/18
Finance

UBS says Lloyds one of its top picks as it reiterates 'buy' rating but cuts target price

UBS cut its target price on Lloyds to 80p from 87p, citing lowered peer group trading multiples in its sum-of-the-parts valuation...

on 6/8/18
Finance

Lloyds first-half profits rise 23% despite extra £460mln provision for PPI claims

Lloyds said growth in credit cards business MBNA offset ongoing pricing pressures in mortgages amid tough competition ...

on 1/8/18
Finance

Lloyds Banking Group’s first-half results can be summed up in three letters – PPI

The lender surprised some as it took a fresh £460mln provision for the payment protection insurance (PPI) mis-selling scandal, although the amount was a lot less than last year’s provision...

on 1/8/18