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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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April 16, 2014
07:25 EDTLYGHitachi gathers $4.5B to finance Scotland-London express trains, Bloomberg says
Hitachi (HTHIY) has gathered $4.5B from an array of international institutions to fund its contract to construct 65 high-speed express trains to use on Britainís East Coast rail line between Scotland and London, according to Bloomberg, citing a company spokeswoman. Some of the lenders include the Bank of Tokyo-Mitsubishi, Japan Bank for International Cooperation, HSBC (HSBC), Lloyds Banking (LYG) and the European Investment Bank. Reference Link

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