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Stock Market & Financial Investment News

News Breaks
November 8, 2012
09:53 EDTLYGLloyds Banking outlook lowered to negative from stable by S&P
Standard & Poor's Ratings noted Lloyds has recently announced a further GBP1B provision in relation to payment protection insurance, bringing the cumulative provision over the past two years to about GBP5.3B. S&P said, "This charge, together with other exceptional items, negatively affects our assessment of Lloyds' capital and earnings. As a result, we are less likely to revise this assessment to "adequate" from "moderate" over the next 12 months. We are therefore revising our outlook on the long-term rating on Lloyds to negative from stable. We are also affirming our 'A/A-1' ratings on Lloyds."
News For LYG From The Last 14 Days
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February 5, 2016
10:10 EDTLYGU.K. appoints Barclays to run sale of remaining Lloyds stake, Bloomberg says
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January 28, 2016
08:25 EDTLYGOsborne says Lloyds Banking stake to be sold when markets have 'calmed'
On his official Twitter account, Chancellor of the Exchequer George Osborne stated: "We'll build a share owning democracy. So British people can buy Lloyds shares but we'll only sell when turbulent markets have calmed down" Reference Link

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