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United Kingdom

Lloyds Banking Group PLC (LLOY.L)

LLOY.L on London Stock Exchange

56.43GBp
22 Oct 2018
Change (% chg)

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56.43
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Volume
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Avg. Vol
159,010,790
52-wk High
72.77
52-wk Low
56.05

Latest Key Developments (Source: Significant Developments)

Lloyds Banking Group Is To Inject Its 13 Billion Stg Wealth Management Arm Into A New Joint Venture With Schroders - Sky News
Sunday, 7 Oct 2018 

Oct 7 (Reuters) - :LLOYDS BANKING GROUP IS TO INJECT ITS 13 BILLION STG WEALTH MANAGEMENT ARM INTO A NEW JOINT VENTURE WITH SCHRODERS - SKY NEWS.THE DEAL WILL SEE LLOYDS OWNING 50.1%‎ OF THE NEW JV, WITH SCHRODERS OWNING THE REST - SKY NEWS.DEAL IS A THREE-PRONGED TIE-UP BETWEEN THE COS, WITH SCHRODERS TAKING ON A 109 BILLION STG INVESTMENT MANAGEMENT CONTRACT FROM LLOYDS-OWNED SCOOTTISH WIDOWS- SKY NEWS.THIRD LEG OF THE LLOYDS-SCHRODERS TIE-UP INVOLVES CAZENOVE CAPITAL- SKY NEWS.LLOYDS WOULD ACQUIRE A 19.9% STAKE IN THE DIVISION AS PART OF OVERALL AGREEMENT, CAZENOVE CAPITAL WOULD NOT BE DIRECTLY INVOLVED IN THE NEW JV- SKY NEWS.  Full Article

Schroders Says It Is In Discussions With Lloyds Banking Group PLC With A View To Working Closely Together In Parts Of The Wealth Sector - Spokesperson
Sunday, 7 Oct 2018 

Oct 7 (Reuters) - :SCHRODERS SAYS IT IS IN DISCUSSIONS WITH LLOYDS BANKING GROUP PLC WITH A VIEW TO WORKING CLOSELY TOGETHER IN PARTS OF THE WEALTH SECTOR - SPOKESPERSON.  Full Article

UK's Competition Watchdog Issues Lloyds With Legal Directions For PPI Breaches
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Competition and Markets Authority::UK'S CMA- LLOYDS ISSUED WITH LEGAL DIRECTIONS FOR PPI BREACHES.UK'S CMA - DECIDED TO ACT AGAINST LLOYDS AFTER IT PROBLEMS MEANT ABOUT 14,000 OF ITS CUSTOMERS DID NOT RECEIVE A REMINDER BETWEEN 2012 AND 2018.UK'S CMA- REQUIRING LLOYDS TO PUT EFFECTIVE SYSTEMS AND PROCEDURES IN PLACE TO PREVENT PPI BREACH INCIDENTS FROM HAPPENING IN THE FUTURE.  Full Article

Lloyds Banking Group Appoints Amanda Mackenzie Obe As Non-Executive Director
Monday, 3 Sep 2018 

Sept 3 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP PLC - APPOINTMENT OF AMANDA MACKENZIE OBE AS A NON-EXECUTIVE DIRECTOR OF GROUP BOARD, EFFECTIVE OCTOBER 1ST 2018.LLOYDS BANKING GROUP - STUART SINCLAIR HAS BEEN APPOINTED TO SUCCEED ANITA FREW AS CHAIRMAN OF BOARD REMUNERATION COMMITTEE.LLOYDS BANKING- NIGEL HINSHELWOOD, SARAH BENTLEY, BRENDAN GILLIGAN APPOINTED AS DESIGNATE INDEPENDENT NON-EXECUTIVE DIRECTORS OF CO'S RING FENCED BANK.  Full Article

Melrose In Talks About Offloading 500 Million Pounds GKN Pension Scheme - Sky News
Friday, 31 Aug 2018 

Aug 31 (Reuters) - :MELROSE IN TALKS ABOUT OFFLOADING 500 MILLION POUNDS GKN PENSION SCHEME - SKY NEWS.MELROSE IS TALKING TO INSURERS INCLUDING AVIVA AND SCOTTISH WIDOWS ABOUT TAKING ON ONE OF GKN'S PENSION SCHEMES - SKY NEWS.  Full Article

Standard Life Aberdeen merger hedges against Brexit - chairman
Monday, 25 Jun 2018 

June 25 (Reuters) - Standard Life Aberdeen ::CHAIRMAN GERRY GRIMSTONE SAYS SLA MERGER HAS MADE COMPANY MORE GLOBAL AND AS SUCH IT IS A HEDGE AGAINST BREXIT.SLA'S GRIMSTONE SAYS 9 MONTHS AWAY FROM BREXIT BUSINESSES HAVE NO MORE CERTAINTY THAN THEY DID A YEAR AGO.SLA'S GRIMSTONE SAYS THINKS GOVERNMENT IS LISTENING ON BREXIT BUT VERY IMPORTANT MATTERS LIKE CUSTOMS UNION NEED TO BE SETTLED.SLA'S GRIMSTONE SAYS ARBITRATION WITH LLOYDS OVER CONTRACT LIKELY TO TAKE MONTHS, POSSIBLY END OF THIS YEAR.SLA'S GRIMSTONE SAYS DISAPPOINTED BY SHARE PRICE PERFORMANCE BUT CONFIDENT OF RECOVERY.  Full Article

Lloyds Banking Group Has Confirmed Plans To Cut 450 Jobs Claiming It Will Mainly Affect Back-Office Roles - Sky News
Wednesday, 20 Jun 2018 

June 20 (Reuters) - :LLOYDS BANKING GROUP HAS CONFIRMED PLANS TO CUT 450 JOBS CLAIMING IT WILL MAINLY AFFECT BACK-OFFICE ROLES - SKY NEWS.  Full Article

Lloyds Banking Group says confident in legal position regarding Standard Life Aberdeen mandate
Tuesday, 8 May 2018 

May 8 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP SAYS CONFIDENT IN ITS LEGAL POSITION REGARDING STANDARD LIFE ABERDEEN MANDATE.  Full Article

Standard Life Aberdeen challenges Lloyds Banking Group over axed mandate
Tuesday, 8 May 2018 

May 8 (Reuters) - Standard Life Aberdeen Plc ::STANDARD LIFE ABERDEEN - INFORMS LLOYDS BANKING IT DOES NOT AGREE MERGER WITH ABERDEEN ASSET MANAGEMENT WAS IN MATERIAL COMPETITION IN U.K. WITH LBG.STANDARD LIFE ABERDEEN - DOES NOT CONSIDER LBG, SCOTTISH WIDOWS OR THEIR RESPECTIVE AFFILIATES HAS RIGHT TO TERMINATE LONG-TERM ASSET MANAGEMENT PACTS.SAYS PARTIES ARE ENGAGING WITH EACH OTHER WITHIN FRAMEWORK OF DISPUTE RESOLUTION PROCESS ENVISAGED IN IMAS.  Full Article

Meggitt To Dispose Precision Micro Business For 22.5 Mln Stg In Cash
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Meggitt PLC ::DISPOSAL OF PRECISION MICRO.HAS SOLD PRECISION MICRO, SPECIALISTS IN PRODUCTION PHOTO ETCHING FOR AUTOMOTIVE AND MEDICAL SECTORS, TO LDC, PRIVATE EQUITY ARM OF LLOYDS BANKING GROUP FOR £22.5 MILLION IN CASH.DURING YEAR TO 31 DECEMBER 2017, PRECISION MICRO GENERATED £15 MILLION REVENUE.  Full Article

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FTSE erases gains in choppy trade on gambling, energy stocks

LONDON Britain's blue-chip share index gave up earlier gains and slipped into negative territory on Monday in see-saw trade as lower oil prices pressured energy stocks and gambling companies were knocked by a report of a UK crackdown on offshore taxes.