Investments and investor services
FTSE 100 feeds off Wall Street rally to close near 7,700
If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
Company
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.
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Investments and investor services
If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
Interest rates may have risen a touch but so has inflation (in the UK at least) and high yielding and safe(ish) dividends are in demand more than ever
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
Prime Minister Theresa May has secured a deal with European Union to move Brexit talks onto the next phase
Shares in Lloyds, RBS, Barclays and HSBC rose after the Basel Committee ended a year-long deadlock on bank capital rules
Under the terms of the sale to Hengli Investments Holding, Lloyds will lease back the 25 Gresham Street building, which it has occupied since its construction, for the next 20 years
Goldman Sachs cut its target price on Lloyds by 4% to 53p and repeated a ‘sell’ rating on the stock
The Financial Reporting Council said in September it was closing its investigation into the audit, saying it had found that KPMG's work for HBOS "did not fall significantly short of the standards reasonably to be expected"
Lloyds has been closing down branches in response to less in-store visits as more consumers turn to convenience of online banking
Analysts believe Lloyds may need to raise its capital ratio target after suffering a larger drawdown in this year's stress tests
Investments and investor services
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
Some of the biggest risers and fallers in London on Monday
All UK lenders passed the central bank’s test for being able to withstand another financial crisis
Investments and investor services
London's FTSE 100 closed the day sharply higher, up over 1% to 7,460
Archive
Day ahead to include latest BoE stress test results from UK banks, and updates from specialty retailers Topps Tiles and Pets at Home
The key takeaway for Lloyds will be the extent to which a net drawdown implies a Pillar 2B capital requirement
RBS will be in focus in this year's stress test after the government revived plans to sell its stake in the lender
Lloyds is best placed to handle higher capital requirements by the Bank of England and will meet or exceed consensus dividend expectations for the year, said JP Morgan
Lloyds will add 0.15% to its savings rates, including its Cash ISA
The government-backed savings provider said rates will rise across its variable product range in a "welcome boost" to savers