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Stock Market & Financial Investment News

News Breaks
March 19, 2013
07:01 EDTLYGLloyds Banking to sell stake in CALA Group to Legal & General
Legal & General Group has agreed to acquire an interest in CALA Group Ltd, a U.K. home builder, from Lloyds Banking Group. The acquisition values CALA at GBP210M. Legal & General will acquire a 46.5% equity stake in CALA, as an equal partner with Patron Capital Partners, alongside management who will take a 7% share. The acquisition will be financed by GBP140M of equity and GBP70M of debt. Legal & General and Patron will both have a representative on CALA's Board.
News For LYG From The Last 14 Days
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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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