Irish Life picks new bank boss January 16, 2012 Irish Life & Permanent has hired Jeremy Masding as the new chief executive of its banking business, Permanent TSB. The bailed-out bank, which is splitting its business in late March, said its current chief executive David Guinane will leave the firm when Masding joins in February. Masding spend 23 years at Barclays, after which he [...]
First fall in the capital’s output since April ‘09 December 11, 2011 LONDON’S private sector output contracted last month, according to a business survey released this morning by Lloyds TSB. The worrying finding marked the first decline in the capital’s business activity for over two and a half years. The business activity index slipped to a reading of 49.3 in November, down from 50.4. Scores below 50 [...]
Finances still tight despite inflation dip February 20, 2012 BRITONS’ spending power has continued to fall at the start of 2012, according to a fresh survey, despite a slowdown in inflation. Spending power was 0.9 per cent lower in January than a year earlier, in real terms, research by Lloyds TSB has revealed this morning. This is the equivalent of £100 less to spend [...]
Finances still tight despite inflation dip February 20, 2012 BRITONS’ spending power has continued to fall at the start of 2012, according to a fresh survey, despite a slowdown in inflation. Spending power was 0.9 per cent lower in January than a year earlier, in real terms, research by Lloyds TSB has revealed this morning. This is the equivalent of £100 less to spend [...]
Lloyds raises £1.25bn in bonds January 4, 2012 Lloyds TSB took advantage of a degree of market optimism to raise around six per cent of the group’s 2012 funding needs yesterday. It sold €1.35bn (£1bn) in covered bonds, of an annual target of £15-20bn for Lloyds Banking Group. The bank will pay a 3.5 per cent yield on the five-year bonds, which are [...]
Moving costs hit a quarter of average income January 26, 2012 ESTATE agents’ fees, mortgage charges and stamp duty have all contributed to a massive jump in the cost of moving house, according to research out today from Lloyds TSB. Since 2001 the average cost of moving has risen by 69 per cent from £5,290 to £8,922, for someone who already owns a home. Agency fees [...]
Inflation hits incomes at record speed December 18, 2011 CONSUMERS are suffering at record rates, despite the small fall in inflation, according to separate pieces of research published today by Markit and Lloyds TSB. The Bank of England’s quarterly bulletin also identified ongoing falls in the standard of living. Spending power fell at its fastest rate this year in November, according to Lloyds TSB. [...]
Inflation hits incomes at record speed December 18, 2011 CONSUMERS are suffering at record rates, despite the small fall in inflation, according to separate pieces of research published today by Markit and Lloyds TSB. The Bank of England’s quarterly bulletin also identified ongoing falls in the standard of living. Spending power fell at its fastest rate this year in November, according to Lloyds TSB. [...]
London 2012 Image of the week December 15, 2011 On Tuesday, BT launched its torchbearer nomination process. BT is one of three presenting partners for the Paralympic torch relay – the others being Lloyds TSB and Sainsbury’s. On 28 and 29 August next year, 580 torchbearers will work in teams of five to carry the flame during an overnight relay from Stoke Mandeville to [...]
Squeeze on income shows little easing January 22, 2012 CUTS to tax credits are set to strain the UK’s “squeezed middle” even further, with wages continuing to fall and mortgages beyond the reach of many under-35s, a report from the Resolution Foundation will say today. The Lloyds TSB spending power report, also out today, reveals spending on essentials, like utilities, rose 4.6 per cent [...]