Dame Carolyn Fairbairn joins BAE Systems in non-exec role February 11, 2021 City grandee Dame Carolyn Fairbairn has joined BAE Systems as a non-executive director, the defence giant announced today. Fairbairn, one of the Square Mile’s most high-profile figures, was until last year the director-general of the CBI. She has previously held non-exec roles at the CMA, Lloyds Bank, the FSA, and outsourcer Capita. Prior to that, [...]
Lloyds Bank has more great news for income investors May 20, 2019 It already pays a big dividend, but there's even more to like about Lloyds after last week's announcement. Around this time next year, Lloyds Banking Group's (LSE:LLOY) vast army of loyal shareholders will receive their first quarterly dividend. The news, announced last Thursday, will be well-received by the bank's investors who will value a more [...]
Banks slammed for ‘doing as little as they can get away with’ to help savers October 30, 2023 The UK's biggest banks are "trying to do as little as they can get away with" to help savers as interest rates look set to stay high, a top Tory MP has said.
HSBC, Barclays, Lloyds and NatWest under fire for ‘measly’ savings rates… again July 3, 2023 Banks are in the firing line for low savings rates once again after the big four lenders received another letter from the influential Treasury Committee. Writing to the UK heads of the big four banks, Harriet Baldwin – chair of the Treasury Committee – said the Committee was “concerned that banks’ savings rates remain too [...]
UK business confidence jumps to highest level since Brexit referendum May 31, 2024 Hann-Ju Ho, senior economist at Lloyds, said the results "highlight a notable improvement in business confidence."
Nationwide completes Virgin Money takeover to create high street banking titan October 1, 2024 Nationwide has completed its £2.9bn takeover of Virgin Money in the UK's biggest banking merger since the financial crisis amid increasing consolidation among mid-sized lenders.
Shell halts Red Sea shipments indefinitely over Houthi fears January 16, 2024 Shell's decision follows that of shipping giants Hapag Lloyd and Maersk
London business confidence hits highest level since May last year August 31, 2023 Business confidence in London surged to its highest level since May last year, as firms around the country were increasingly optimistic about the UK economy. Business confidence in London rose 20 points during August to hit 52 per cent, according to the latest Lloyds Business Barometer. Some 56 per cent of firms were confident in [...]
Big Four banks bag extra £6.5bn from past interest rate hikes amid profiteering concerns November 2, 2023 The UK’s four biggest banks have collectively made an extra £6.5bn this year off the back of past interest rate hikes, says new analysis.
HSBC share price slides after RBC downgrades stock November 22, 2023 Shares in HSBC fell as much as 1.8 per cent today after RBC cut its recommendation on the stock, forecasting a $5bn headwind from falling interest rates.