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United Kingdom

Lloyds Banking Group PLC (LLOY.L)

LLOY.L on London Stock Exchange

60.00GBp
22 Feb 2019
Change (% chg)

-0.33 (-0.55%)
Prev Close
60.33
Open
60.03
Day's High
60.60
Day's Low
59.80
Volume
123,886,701
Avg. Vol
157,871,468
52-wk High
69.99
52-wk Low
49.51

Latest Key Developments (Source: Significant Developments)

Lloyds Banking Group Board preference to return capital via buybacks
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Lloyds Banking Group PLC ::RETURN ON TANGIBLE EQUITY INCREASED TO 11.7 PER CENT AND EARNINGS PER SHARE OF 5.5 PENCE UP 27 PER CENT.ONGOING CAPITAL BUILD OF 170 TO 200 BASIS POINTS PER ANNUM.WE HAVE INCREASED INVESTMENT IN TECHNOLOGY WHICH NOW REPRESENTS 16 PER CENT OF OPERATING COSTS.CREDIT QUALITY REMAINS STRONG AND, GIVEN OUR LOW RISK BUSINESS MODEL AND SIGNIFICANT PORTFOLIO IMPROVEMENTS IN RECENT YEARS, WE EXPECT AN ASSET QUALITY RATIO OF LESS THAN 30 BASIS POINTS IN 2019.GROUP EXPECTS REMEDIATION CHARGES TO REDUCE SIGNIFICANTLY IN 2019..THERE HAVE BEEN NO SIGNIFICANT CHANGES TO GROUP'S ECONOMIC ASSUMPTIONS INCLUDED IN ITS IFRS 9 MODELS.PAYMENT PROTECTION INSURANCE CHARGE OF £750 MILLION INCLUDED AN ADDITIONAL £200 MILLION CHARGED IN Q4.BOARD'S VIEW OF LEVEL OF CET1 CAPITAL REQUIRED FOR GROUP REMAINS AROUND 13 PER CENT.BOARD'S CURRENT PREFERENCE IS TO RETURN SURPLUS CAPITAL BY WAY OF A BUYBACK PROGRAMME.  Full Article

Lloyds Banking Group CEO total pay dips in 2018
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Lloyds Banking Group PLC ::CEO EARNS TOTAL REMUNERATION OF 6,270 MILLION IN 2018, FROM 6,434 MILLION A YEAR AGO.GROUP PERFORMANCE SHARE AWARDS FOR EXECUTIVE DIRECTORS ARE 11-12 PER CENT LOWER THAN 2017..GROUP'S GENDER PAY GAP REDUCED BY 1.3 PER CENT TO 31.5 PER CENT - BETTER THAN AVERAGE FOR FINANCIAL SERVICES..PAY BUDGET OF 2.6 PER CENT FOR ALL COLLEAGUES, WITH LEVELS SET HIGHER AT 3.5 PER CENT FOR COLLEAGUES AT LOWER GRADES - INCREASES FOR EXECUTIVE DIRECTORS AND OTHER SENIOR COLLEAGUES SET LOWER AT 2 PER CENT..  Full Article

Lloyds 2018 Statutory Profit Before Tax 6 Billion Stg
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP UNDERLYING PROFIT FOR 2018 AT 8.1 BILLION STG, UP 6 PERCENT.LLOYDS 2018 STATUTORY PROFIT BEFORE TAX 6 BILLION STG.LLOYDS CET1 13.9 PERCENT AFTER DIVIDEND AND BUYBACK.LLOYDS 2018 PROFIT AFTER TAX 4.4 BILLION STG.LLOYDS ANNOUNCES BUYBACK OF 1.75 BILLION STG WORTH OF SHARES.LLOYDS 2018 DIVIDEND INCREASES TO 3.21 PENCE PER SHARE.LLOYDS SAYS 1 BILLION STG OF STRATEGIC INVESTMENT COMPLETED IN 2018.LLOYDS TOTAL COSTS FOR 2018 8.8 BILLION STG.LLOYDS NET INTEREST MARGIN 2.93 PERCENT.  Full Article

Lloyds Banking Appoints William Chalmers As CFO
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP - DIRECTORATE CHANGE.LLOYDS BANKING GROUP PLC - GEORGE CULMER WILL BE SUCCEEDED AS EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER BY WILLIAM CHALMERS..LLOYDS BANKING GROUP PLC - LLOYDS BANKING GROUP RECRUITS WILLIAM CHALMERS AS CHIEF FINANCIAL OFFICER.LLOYDS BANKING GROUP PLC - CHALMERS IS CURRENTLY CO-HEAD OF GLOBAL FINANCIAL INSTITUTIONS GROUP OF MORGAN STANLEY, HAVING JOINED IN 2000.  Full Article

Lloyds Banking Group Says It Passed Bank Of England's 2018 Stress Test
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP - BANK OF ENGLAND 2018 STRESS TEST PASSED.LLOYDS BANKING GROUP PLC - PASSES BANK OF ENGLAND 2018 STRESS TEST.LLOYDS BANKING GROUP PLC - GROUP EXCEEDS CAPITAL AND LEVERAGE HURDLES AFTER APPLICATION OF MANAGEMENT ACTIONS..LLOYDS BANKING GROUP PLC - GIVEN THIS PERFORMANCE, GROUP IS NOT REQUIRED TO TAKE ANY CAPITAL ACTIONS AND ALL CAPITAL GUIDANCE IS REAFFIRMED.LLOYDS BANKING GROUP PLC - GROUP'S CAPITAL POSITION REMAINS STRONG HAVING REPORTED A CET1 RATIO OF 14.6 PER CENT AND A LEVERAGE RATIO OF 5.3 PER CENT.LLOYDS BANKING GROUP - REAFFIRMED BOARD'S VIEW OF LEVEL OF CET1 REQUIRED, WHICH REMAINS CIRCA 13 PER CENT PLUS A MANAGEMENT BUFFER OF AROUND 1 PERCENT.LLOYDS BANKING GROUP PLC - CONTINUES TO EXPECT TO DELIVER CIRCA 200 BASIS POINTS FOR FULL YEAR.  Full Article

Lloyds Banking Group To Appoint Deloitte As External Auditor
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP - PROPOSAL TO APPOINT DELOITTE AS EXTERNAL AUDITOR.LLOYDS BANKING GROUP PLC - APPOINTMENT OF DELOITTE LLP (DELOITTE) WILL BE RECOMMENDED TO SHAREHOLDERS FOR APPROVAL AT 2021 ANNUAL GENERAL MEETING.LLOYDS BANKING GROUP PLC - PRICEWATERHOUSECOOPERS LLP WILL CONTINUE TO AUDIT LLOYDS UNTIL YEAR ENDING 31 DECEMBER 2020.  Full Article

Lloyds Banking Group Enters Into Strategic Partnership With Thought Machine
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP ENTERS INTO STRATEGIC PARTNERSHIP WITH THOUGHT MACHINE.PARTNERSHIP WITH THOUGHT MACHINE IN LINE WITH LLOYDS' STRATEGIC REVIEW, ANNOUNCED EARLIER THIS YEAR.LLOYDS HAS MADE AN £11 MILLION INVESTMENT IN THOUGHT MACHINE, REPRESENTING A 10 PER CENT STAKE.  Full Article

Lloyds Banking Group Group Continues To Expect To Deliver C.200 Basis Points Of Capital Build, Pre Dividend, In 2018
Thursday, 25 Oct 2018 

Lloyds Banking Group PLC ::CEO SAYS THESE RESULTS FURTHER DEMONSTRATE STRENGTH OF OUR BUSINESS MODEL AND BENEFITS OF OUR LOW RISK, CUSTOMER FOCUSED APPROACH.NET INCOME AT £13.4 BILLION, 2 PER CENT HIGHER,.CEO SAYS OUR STRATEGIC INVESTMENT HAS ACCELERATED AND IS ALREADY DELIVERING REAL BENEFITS TO CUSTOMERS WHILST OPERATING COSTS CONTINUE TO REDUCE.CEO SAYS WE REMAIN ON TRACK TO DELIVER IMPROVED FINANCIAL TARGETS FOR 2018 THAT WE ANNOUNCED IN AUGUST, AS WELL AS ALL OF OUR LONGER TERM GUIDANCE.OPERATING COSTS AT £6,014 MILLION WERE SLIGHTLY DOWN ON FIRST NINE MONTHS OF 2017.RESTRUCTURING COSTS WERE £612 MILLION, WITH £235 MILLION IN Q3..CREDIT QUALITY ACROSS PORTFOLIO REMAINS STRONG WITH NO DETERIORATION IN CREDIT RISK.GROUP CONTINUES TO EXPECT TO DELIVER C.200 BASIS POINTS OF CAPITAL BUILD, PRE DIVIDEND, IN 2018.  Full Article

Lloyds Banking Group Chief Financial Officer George Culmer to retire
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP ANNOUNCES RETIREMENT OF CHIEF FINANCIAL OFFICER, GEORGE CULMER.LLOYDS BANKING GROUP TODAY ANNOUNCES THAT ITS CHIEF FINANCIAL OFFICER, GEORGE CULMER, PLANS TO RETIRE FROM GROUP DURING Q3 2019..A SEARCH FOR A SUITABLE SUCCESSOR HAS COMMENCED. IT IS ENVISAGED THAT GEORGE WILL RETIRE AFTER H1 RESULTS IN 2019..  Full Article

Lloyds Banking Group Reports Q3 net profit at 1.8 bln stg
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP REPORTS Q3 NET PROFIT BEFORE TAX 1.8 BILLION STG.LLOYDS BANKING GROUP REPORTS PROFIT BEFORE TAX OF 4.9 BILLION STG FOR FIRST NINE MONTHS.LLOYDS BANKING GROUP REPORTS Q3 CET1 RATIO AT 15.5 PERCENT, PRE DIVIDEND ACCRUAL.LLOYDS BANKING GROUP REPORTS Q3 NET INTEREST MARGIN AT 2.93 PERCENT.LLOYDS BANKING GROUP REPORTS NO FRESH PPI PROVISION IN Q3.LLOYDS BANKING GROUP REPORTS Q3 ASSET QUALITY RATIO AT 22 BASIS POINTS.LLOYDS BANKING GROUP REPORTS Q3 COST INCOME RATIO AT 47.5 PERCENT.LLOYDS BANKING GROUP REAFFIRMS ALL GUIDANCE FOR 2018 PERFORMANCE.  Full Article

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Britain's Metro, Starling, ClearBank win cash to fund small businesses

LONDON Britain's Metro Bank, Starling Bank and ClearBank have been granted a total of 280 million pounds from a fund that aims to boost competition in lending to small firms.