Lloyds Banking Group PLC (LLOY.L)
22 Oct 2018
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
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
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
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
Sept 3 (Reuters) - Lloyds Banking Group PLC
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
June 25 (Reuters) - Standard Life Aberdeen
Lloyds Banking Group Has Confirmed Plans To Cut 450 Jobs Claiming It Will Mainly Affect Back-Office Roles - Sky News
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
May 8 (Reuters) - Lloyds Banking Group PLC
May 8 (Reuters) - Standard Life Aberdeen Plc
April 24 (Reuters) - Meggitt PLC
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.
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