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Stock Market & Financial Investment News

News Breaks
February 24, 2012
05:38 EDTLYGLloyds expects external environment to remain challenging in 2012
Remains confident that medium-term financial targets, as set out in its June 2011 Strategic Review are achievable over time. Lloyds says as anticipated, it now expects the attainment of income related targets, including for other operating income, to be delayed beyond 2014 as a result of the weaker than expected economic outlook. As a consequence, also expects the attainment of its return on equity target to be delayed beyond 2014. Given expectation of further deposit growth, expect to reach medium-term Group loan-to-deposit ratio target of 130% or below by the end of 2012, two years ahead of plan. For 2012, Lloyds expects income to be lower than 2011 given the economic outlook, further non-core asset reductions, subdued demand in the core loan book, higher wholesale funding costs, and interest rates likely to remain at low levels for longer. Also sees full year banking net interest margin to be below 2% in 2012, falling year-on-year by approximately the same amount in 2012 as in 2011, primarily driven by continuing high wholesale funding costs.
News For LYG From The Last 14 Days
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July 31, 2015
12:10 EDTLYGLloyds eyes acquisitions for first time since bailout, Bloomberg reports
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05:55 EDTLYGLloyds Banking announces interim dividend of 0.75 pence per share
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05:51 EDTLYGLloyds Banking sees FY15 net interest margin to 2.6%
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05:50 EDTLYGLloyds Banking reports 1H15 underlying profit GBP 4.38B vs. GBP 3.82 last year
Reports 1H15-end fully loaded common equity tier 1 ratio 13.3%. Reports 1H15 total income up 2% to EUR 9.87B. Reports 1H15 impairment charge down 75% to EUR 179M. Reports 1H15 underlying return on required equity of 16.2%. Reports 1H15 statutory profit before tax up 38% to EUR 1.19B. Reports 1H15 strong balance sheet and liquidity position with CET ratio of 13.3%.
July 22, 2015
19:14 EDTLYGJudge says Lloyds must release records in HBOS case, Reuters reports
London's High Court of Justice has ruled that Lloyds must disclose any legal advice it received prior to its acquisition of Halifax Bank of Scotland, as part of a GBP350M lawsuit brought by a group of Lloyds investors, Reuters reported earlier. The lawsuit alleges that Lloyds failed to disclose details of financial vulnerability at HBOS prior to seeking shareholder approval, said the report. Reference Link
July 21, 2015
06:08 EDTLYGU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link

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