Edition:
India

Lloyds Banking Group PLC (LLOY.L)

LLOY.L on London Stock Exchange

57.85GBp
15 Jul 2019
Change (% chg)

0.17 (+0.29%)
Prev Close
57.68
Open
57.60
Day's High
58.07
Day's Low
57.32
Volume
86,285,936
Avg. Vol
145,867,866
52-wk High
67.90
52-wk Low
49.51

Latest Key Developments (Source: Significant Developments)

Lloyds confirms CFO George Culmer will retire, and William Chalmers succeed him, on 1 August
Thursday, 6 Jun 2019 

June 6 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP - DIRECTORATE CHANGE.LLOYDS BANKING GROUP PLC - CONFIRMS NOW THAT GEORGE CULMER WILL RETIRE FROM, AND WILLIAM CHALMERS WILL BE APPOINTED TO, GROUP BOARD ON 1 AUGUST.  Full Article

Lloyds Banking Announces Redemption Of 6.3673 Pct Preference Shares
Friday, 3 May 2019 

May 3 (Reuters) - ShareLloyds Banking Group Plc ::REDEMPTION OF 6.3673 PCT PREFERENCE SHARES.ON 17 JUNE 2019, CO WILL EXERCISE CONTRACTUAL RIGHT TO REDEEM ALL OF ITS OUTSTANDING 6.3673 PCT PREFERENCE SHARES AT PAR.  Full Article

Lloyds Banking Group says credit quality remains strong
Thursday, 2 May 2019 

May 2 (Reuters) - Lloyds Banking Group PLC ::CREDIT QUALITY REMAINS STRONG, WITH NO DETERIORATION IN CREDIT RISK.GROSS ASSET QUALITY RATIO OF 30 BASIS POINTS STABLE ON PREVIOUS QUARTER.OPEN MORTGAGE BOOK BALANCES WERE DOWN £2.5 BILLION ON 31 DECEMBER 2018 DRIVEN BY EXPECTED MATURITIES AND ONGOING PRICING DISCIPLINE.WHILE BREXIT UNCERTAINTY PERSISTS AND CONTINUED UNCERTAINTY COULD FURTHER IMPACT ECONOMY, GIVEN CURRENT STRONG PERFORMANCE, WE ARE REAFFIRMING ALL OF OUR FINANCIAL TARGETS..GROUP REMAINS STRONGLY CAPITAL GENERATIVE AND CONTINUES TO EXPECT ONGOING CAPITAL BUILD OF 170 TO 200 BASIS POINTS PER ANNUM.GROUP CONTINUES TO EXPECT A RETURN ON TANGIBLE EQUITY OF 14 TO 15 PER CENT IN 2019 AND ONGOING CAPITAL BUILD OF 170 TO 200 BASIS POINTS PER ANNUM.  Full Article

Lloyds Banking Group Q1 pretax profit 1.6 bln stg
Thursday, 2 May 2019 

May 2 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP FIRST QUARTER AFTER-TAX PROFITS OF 1.2 BILLION POUNDS, UP 2 PERCENT.LLOYDS BANKING GROUP STATUTORY PRE-TAX PROFIT FLAT AT 1.6 BILLION POUNDS.LLOYDS BANKING GROUP UNDERLYING PROFIT OF 2.2 BILLION POUNDS, UP 8 PERCENT.LLOYDS BANKING GROUP Q1 NET INCOME 4.4 BILLION POUNDS, UP 2 PERCENT.LLOYDS BANKING GROUP TOTAL COSTS DOWN 4 PERCENT AT 2 BILLION POUNDS.LLOYDS BANKING GROUP NET INTEREST MARGIN OF 2.91 PERCENT.LLOYDS BANKING GROUP COST TO INCOME RATIO OF 44.7 PERCENT.LLOYDS BANKING GROUP ASSET QUALITY RATIO OF 0.25 PERCENT.LLOYDS BANKING GROUP MAKES 100 MILLION POUND ADDITIONAL PPI PROVISION.LLOYDS BANKING GROUP CET1 RATIO PRE-DIVIDEND ACCRUAL OF 14.2 PERCENT.LLOYDS BANKING GROUP IMPAIRMENTS OF 275 MILLION POUNDS.  Full Article

Lloyds Banking Announces Revised Capital Guidance
Wednesday, 1 May 2019 

May 1 (Reuters) - Lloyds Banking Group PLC ::GROUP ANNOUNCES REVISED CAPITAL GUIDANCE.REMAINS STRONGLY CAPITAL GENERATIVE AND CONTINUES TO EXPECT ONGOING CAPITAL BUILD OF 170 TO 200 BASIS POINTS PER ANNUM..CO NOTIFIED THAT SYSTEMIC RISK BUFFER FOR GROUP'S RING FENCED BANK WILL BE 200 BPS WHICH EQUATES TO 170 BPS AT A GROUP LEVEL.NEW BUFFER LESS THAN 210 BASIS POINTS PREVIOUSLY INCLUDED IN CAPITAL GUIDANCE FOLLOWING ACTION TO MANAGE SIZE OF RING FENCED BANK.BOARD'S VIEW OF LEVEL OF CET1 CAPITAL TARGETED BY GROUP HAS REDUCED FROM AROUND 13 PER CENT TO AROUND 12.5 PER CENT.BOARD WILL CONTINUE TO GIVE CONSIDERATION TO DISTRIBUTION OF SURPLUS CAPITAL AT END OF YEAR.BOARD'S VIEW OF LEVEL OF CET1 CAPITAL TARGETED BY GROUP INCLUDES A MANAGEMENT BUFFER OF AROUND 1 PER CENT.  Full Article

Lloyds Banking Group Says Capital Position Remains Strong After EU Stress Test
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP - EBA STRESS TEST RESULTS.LLOYDS BANKING GROUP PLC - CAPITAL POSITION REMAINS STRONG HAVING REPORTED A CET 1 RATIO POST DIVIDEND ACCRUAL OF 14.6 PER CENT AT RECENT Q3 RESULTS.LLOYDS BANKING GROUP PLC - ALSO CONTINUES TO BE STRONGLY CAPITAL GENERATIVE HAVING BUILT 162 BASIS POINTS OF CAPITAL IN FIRST THREE QUARTERS OF YEAR.LLOYDS BANKING GROUP PLC - CONTINUES TO EXPECT TO DELIVER C.200 BASIS POINTS FOR FULL YEAR.  Full Article

Lloyds Banking Says Schroders Deal Not Expected To Have Material Financial Impact On Group In Short Term
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Lloyds Banking Group PLC ::SCHRODERS TRANSACTION IS NOT EXPECTED TO HAVE A MATERIAL FINANCIAL IMPACT ON LLOYDS BANKING GROUP IN SHORT TERM.SCHRODERS DEAL GIVES SIGNIFICANT GROWTH PROSPECTS OVER £50 BILLION TARGET FOR ADDITIONAL FINANCIAL PLANNING, RETIREMENT ASSETS BY 2020.  Full Article

Schroders In Talks With Lloyds To Work Together In Wealth Sector
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Schroders Plc ::RESPONSE TO MEDIA SPECULATION.CONFIRMS IS IN DISCUSSIONS WITH LLOYDS BANKING GROUP PLC WITH A VIEW TO WORKING CLOSELY TOGETHER IN PARTS OF WEALTH SECTOR.SAYS FOLLOWING RECENT MEDIA SPECULATION, SCHRODERS PLC CONFIRMS THAT IT IS IN DISCUSSIONS WITH LLOYDS BANKING GROUP PLC WITH A VIEW TO WORKING CLOSELY TOGETHER IN PARTS OF WEALTH SECTOR.TALKS WITH LLOYDS ONGOING AND THERE CAN BE NO CERTAINTY THAT THESE DISCUSSIONS WILL LEAD TO ANY FORMAL ARRANGEMENT BEING ENTERED INTO.SAYS DISCUSSIONS ARE ONGOING AND THERE CAN BE NO CERTAINTY THAT THESE DISCUSSIONS WILL LEAD TO ANY FORMAL ARRANGEMENT BEING ENTERED INTO.  Full Article

Co-Operative Bank names Andrew Bester as CEO
Monday, 9 Jul 2018 

July 9 (Reuters) - Co-Operative Group Ltd <42TE.L>::ANNOUNCE THE APPOINTMENT OF ANDREW BESTER AS CHIEF EXECUTIVE OFFICER.BESTER TO JOIN CO-OP BANK, BOARD ON 9 JULY AND WILL BEGIN THE TRANSITION OF RESPONSIBILITIES FROM CURRENT CEO LIAM COLEMAN.  Full Article

Lloyds Banking Group Q1 profit 1.6 bln stg
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Lloyds Banking Group PLC ::LLOYDS BANKING GROUP Q1 UNDERLYING PROFIT BEFORE TAX RISES 6 PERCENT TO 2 BILLION STG.LLOYDS BANKING GROUP Q1 STATUTORY PROFIT BEFORE TAX 1.6 BILLION STG.LLOYDS BANKING GROUP Q1 GROUP CET1 14.4 PERCENT.LLOYDS BANKING GROUP Q1 NET INTEREST MARGIN 2.93 PERCENT.LLOYDS BANKING GROUP Q1 COST TO INCOME RATIO 47.8 PERCENT.LLOYDS BANKING GROUP Q1 TOTAL COSTS FALL 5 PERCENT TO 2.1 BILLION STG.LLOYDS BANKING GROUP TAKES FURTHER PROVISION OF 90 MILLION STG IN Q1 FOR PPI.  Full Article

Photo

Britain's Lloyds fined $58 million for HBOS fraud failings

LONDON Britain's financial watchdog has fined Lloyds Banking Group 45.5 million pounds ($58 million) for failures to disclose suspicions of fraud at an HBOS branch in Reading, southern England.