FIVE at FIVE: Lloyds tipped for jump payout; Ceres Power-Weichai commitment; Jaguar Land Rover’s self-driving car ambitions; BT’s material risk

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

Proactive Published 21/02/2023

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1. Lloyds Banking tipped by analysts for jumbo cash return announcements

Lloyds is seen as “relatively better placed” to cope with the combination of the Bank of England carrying out ‘quantitative tightening’ following its rate hiking cycle and the escalating competition for customer deposits raising the prospect of deposit outflows at big banks.

2. Weichai launch shows commitment to Ceres Power partnership, says broker

Ceres Power's Chinese strategic partner Weichai's launch of a stationary power solid oxide fuel cell (SOFC) demonstrates a commitment to its partnership with the UK firm, believes broker Peel Hunt.

3. FTSE 100 closes back below 8,000

At 7,977 the London benchmark closed Tuesday down 36 points or 0.46%.

4. Jaguar Land Rover chases self-driving car ambitions with major hiring spree

The company intends to recruit over 100 engineers to focus on its self-driving car ambition at newly built hubs in Germany, Italy and Spain to complement existing centres in the US, Hungary, Ireland, the UK, China and India.

5. BT faces 'material risk' if Liberty Global (NASDAQ:LBTYA) targets Trooli

Liberty Global (NASDAQ:LBTYA), the owner of Virgin Media O2 and 5 % of Vodafone, is mulling a takeover of full-fibre alternative broadband provider Trooli for up to £100mln, according to recent reports.