FTSE 100 ends lower on the week as loss-making RBS drags ticker south
London’s FTSE 100 ended lower on Friday, dragged lower by heavyweight loser RBS after it reported a ninth straight year of losses
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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London’s FTSE 100 ended lower on Friday, dragged lower by heavyweight loser RBS after it reported a ninth straight year of losses
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What's trending? Storm Doris and Whirlpool tumble dryers; banking behemoths Barclays and Lloyds; British American Vaping ... er ... Tobacco; and Deltex.
Goldman Sachs bursts the Lloyds bubble, complaining that the mortgage book is not shrinking as quickly as predicted
The UK Treasury’s shareholding is now approximately 2.76bn shares, down from the 3.57bn shares it held when it last disposed of a tranche at the end of January.
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
Lloyds chief executive Antonio Horta-Osorio said the bank's future underlying performance is tied to UK economic growth amid Brexit uncertainty
It's often not a bad starting point to assume that everything the government does is wrong, so as the government has been selling shares in Lloyds, should you be buying?
Statutory pre-tax profit was £4.2bn in the year to December 31, more than double the £1.6bn recorded a year earlier
Lloyds has raised its dividend 13% as strong capital generation offset the impact of its MBNA acquisition
Investments and investor services
FTSE 100 shares ended higher on Wednesday, as Unilever talked up a review to show more shareholder value and Lloyds Banking posted its highest profit in a decade
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Lloyds is forecast to report a a jump in 2016 pretax profits to around £4.4bn, up from £1.6bn a year earlier when it was hit by a huge bill for PPI scandal provisions.
HSBC shares have tanked today as its earnings missed forecasts, weighing down fellow UK lenders due to report later this week
Investments and investor services
FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
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HSBC's succession plan will be the key focus when the bank reports its full year earnings tomorrow.
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Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
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A “triple whammy” of Brexit, inflation and possible rising alcohol duty is forecast to push up the prices of champagne and prosecco in the UK by £1 and 59p per bottle.
FTSE 100 shares closed higher on Wednesday, led by banking shares which teamed up with their Wall Street brethren to cheer on what may be a US rate hike as soon as March
The state-backed bank is appointing an independent consultancy to see if it has to pay compensation for offences committed before it bought out HBOS
The bank's analysts hiked their target price for the part-taxpayer owned lender to 75p from 60p, leading them to upgrade their rating to ‘buy’ from ‘hold’.