The severely poor treatment of live sheep on board the Awassi Express bound for the Middle East is not a new revelation ( April 14 ). This cruel trade from Western Australia to the Middle East has been ...
Today, I will be analyzing Strat Aero Plc’s (AIM:AERO) recent ownership structure, an important but not-so-popular subject among individual investors. A company’s ownership structure is often linked to its shareRead More...
Bank stocks such as LLOY are hard to value. This is because the rules banks face are different to other companies, which can impact the way we forecast their cashRead More...
Lloyds Banking Group will cut 305 jobs and close 49 branches in Britain, the latest in a series of reductions to its workforce and network as it promotes its digital services. Lloyds said in February it would invest 3 billion pounds over three years in such digital initiatives, but had not said how many branches or jobs it would axe as part of the cost-cutting strategy. Lloyds said the plan reflected changes in customer behaviour, with more people using digital services than branches, which are costly to maintain .
Lloyds Banking Group has said it is cutting a further 305 jobs as part of its plans to axe 49 branches across the UK. The company said it was cutting a total of 1,230 roles, but would then create 925 jobs throughout the business. The group first revealed the branch closures last year, but at the time announced plans to cut fewer than 100 jobs.
Lloyds Banking Group Plc is to eliminate 305 jobs primarily across its branch network, as Britain’s largest mortgage lender steps up plans to control costs.
When Booker Group PLC (LSE:BOK) released its most recent earnings update (08 September 2017), I compared it against two factor: its historical earnings track record, and the performance of itsRead More...
Lloyds Banking Group Plc plans to modernize parts of its trading room in London by increasing the use of machine-trading to meet the demands of clients, according to people with the knowledge of the project....
British lenders expect to see demand for mortgage lending rebound over the next few months after a sharp drop in the first quarter of 2018, a Bank of England survey showed on Thursday. The Bank, which has been urging banks to avoid risks in their lending to households, also reported the sharpest drop in the availability of unsecured lending to consumers during the first quarter since records began in 2007. A closely-watched gauge of British house prices held at a five-year low last month, reflecting soft consumer demand at a time when the Bank of England looks set to raise interest rates, ...
Lloyds Banking Group Plc is likely to allocate the 109 billion pounds ($153 billion) that it’s pulling from Standard Life Aberdeen Plc among several asset managers, a person with knowledge of the matter ...
Lloyds Banking Group Plc is likely to allocate the 109 billion pounds ($153 billion) that it’s pulling from Standard Life Aberdeen Plc among several asset managers, a person with knowledge of the matter ...
U.K. banks may face more claims for wrongly sold insurance as the country’s markets cop steps up an informational campaign featuring an animatronic head of Arnold Schwarzenegger.
The Bank of England said on Wednesday finance companies operating in Britain will have more time to meet a Brexit deadline, in a move aimed at avoiding a potentially disorderly shift of people and operations across the continent. Britain and the European Union last week agreed a transition period of 21 months that will follow Britain's departure from the bloc in March 2019 during which companies will have unchanged access to the bloc's markets. Many banks have said they will not be able to rely on such a political deal as it will not be formally ratified by governments until the autumn and ...
The Bank of England said it will publish later on Wednesday updated guidance on how banks and other financial services firms should prepare for Brexit, following a 21-month transition deal struck by Britain and other European Union countries this month. The BoE said it would publish an update on its regulatory approach to preparations for Britain's departure from the EU at 1 p.m. (1200 GMT). More than 100 banks operating in London are branches of lenders based elsewhere in the EU and they will have to submit licence applications to continue working in Britain after Brexit.
(Adds details from FPC statement, background) By William Schomberg and Andrew MacAskill LONDON, March 27 (Reuters) - The Bank of England said it considered this month increasing the amount of money banks ...
