FIVE at FIVE: AstraZeneca’s potential cancer blockbuster; Lloyds’ 60% upside; Next’s downtrading boom
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Company
Lloyds Banking Group PLC
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
1370 stories · page 24 of 69
Lloyds Bank and other lenders to resume mortgages on cladding-blighted flats
Barclays, HSBC, Nationwide, NatWest and Santander as well as Lloyds have said they look at fresh mortgage applications from 9 January 2023
Lloyds bank climate boss calls taskforce a ‘game changer’ for sustainable lending
The senior Lloyds banker hailed the Taskforce on Climate-related Financial Disclosures as “the most powerful tool” for banks to fight climate change.
Lloyds Bank upgraded by RBC for value and asset quality
"We think that the rates trade has now played out"
Lloyds Banking Group rises as surcharge on bank profits is cut to 3%
Banking shares rose after the surcharge on bank profits was cut to 3% from 8% despite fears the sector could be the target for a windfall tax.
Lloyds Banking poaches strategy chief from HSBC to lead pensions and investment arm
Chirantan Barua has been at HSBC since 2020, joining from consultants McKinsey
Lloyds a 'top pick' for Jefferies as banks surprise again
Analysts at Jefferies believe the main driver of the positive results for European banks in comparison to consensus was revenues
Lloyds and other banks' bad debts to hit £47bn during UK recession - Credit Suisse
But analysts said UK domestic bank valuations remained attractive if interest rates remained "sticky" over the coming year
FIVE at FIVE: Liverpool FC for sale; Lloyds tipped for upside; GSK trial failure, COP27 ‘implementation event”
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Lloyds Banking Group still tipped for significant upside despite disappointing quarter
Analyst Gary Greenwood still sees potential for some 40% upside the Lloyds' current market price of 42p.
Lloyds offers staff £2,000 minimum pay rise - report
"The pay offer represents a win for the workforce," said Caren Evans, national officer for the Unite union
Lloyds leads banks lower after rate rise while homeowners face mortgage misery
The NIESR warned households would come under severe pressure if UK interest rates were to rise as high as 5% with variable rate mortgage repayments potentially doubling affecting the 2.5mln UK households on a variable rate mortgage
Lloyds shares 'significantly undervalued' despite expected benefit from interest rate hikes - analyst
Risks are already captured in the bank's "attractive valuation", the analyst said