Apple Pay in the UK: These are the retailers and restaurants signed up for the July launch June 9, 2015 Some of the UK's biggest retailers are lining up to start accepting Apple Pay when it launches in the UK next month. As well as being able to use your iPhone or Apple Watch to seamlessly glide through ticket barriers on the Tube, the Silicon Valley giant has its finger hovering over the button [...]
TSB gaining market share with strong current account switches July 31, 2014 Relaunched high street bank TSB yesterday reported pre-tax profits of £128.5m in the first half of the year. In its first set of results since floating on the stock market, the bank pleased investors with a strong flow of new customers. TSB accounted for 9.2 per cent of all new current accounts in the period, [...]
Why TSB’s share price has jumped by 13pc on its first day June 20, 2014 On its first day of trading TSB shares have moved up by more than 13 per cent, buoyed by strong investor demand. Lloyds floated the bank at 260p per share, valuing the bank at £1.3bn. The sale was 10 times oversubscribed. For now, trading is only conditional – institutional investors are involved but none of [...]
More TSB shares sold on flotation June 23, 2014 An additional 3.5 per cent of TSB is up for sale as part of the bank’s flotation, after its parent Lloyds successfully sold 35 per cent on Friday. The over-allotment takes place in initial public offerings when the share price rises – and TSB’s rose by around 13 per cent on its first day of [...]
HSBC offers cheapest fixed-rate mortgage as rates dip closer to 1pc February 1, 2015 HSBC is set to introduce the cheapest fixed-rate mortgage on the market today as intense competition continues to push down interest rates. The bank’s two-year fixed-rate mortgage will have an interest rate of 1.19 per cent. However, it comes with a £1,499 fee. “Mortgage lenders are in a race to the bottom [with regard to [...]
TSB could be planning to buy the mortgage portfolio of taxpayer-owned “bad bank” July 19, 2014 TSB has expressed an interest in buying the mortgage portfolio from Britain’s so-called bad bank, made up of the remains of Northern Rock and Bradford and Bingley, for £1.4bn according to Sky News. A TSB spokesperson said the bank “did not comment on rumour and speculation” but the boss of the newly-listed bank Paul Pester [...]
Lloyds confirms float of TSB May 27, 2014 Lloyds Banking Group has confirmed plans to sell 25 per cent of lender TSB sometime next month, with the prospectus set to be published in mid-June. The offer will be available to institutional investors and to intermediaries. Retail investors will receive one free share for every 20 they buy, up to the value of £2,000, [...]
TSB IPO: Lloyds raises the stakes on bank spinoff June 20, 2014 Lloyds is selling a bigger chunk of TSB than had been expected as the part-nationalised lender takes a bullish approach to spinning off the new challenger bank this morning. The bank is selling 35 per cent of TSB, more than originally expected thanks to a surge in demand. And with shares priced at 260p, firmly [...]
Lloyds to pay for computer systems at TSB June 2, 2014 NEW HIGH street bank TSB will receive up to £450m from parent Lloyds if it decides to build new IT systems in future, under the terms of its listing on the stock market. Currently TSB is renting a copy of Lloyds’ systems, giving it a ready-made and comprehensive capabilities. The arrangement is thought to be [...]
GDP and consumer confidence rises reflect UK growth – London Report February 22, 2015 GDP growth is this week likely to be confirmed at 0.5 per cent quarter-on-quarter for the final three months of 2014. That growth is likely to be reflected further on Friday with consumer confidence for February at a 12-year high. The corporate week starts today with reports from Associated British Foods, Bovis Homes, HSBC and [...]