CITY A.M. | SHADOW MPC VOTES 8-0 TO HOLD November 9, 2011 ALLISTER HEATH | CITY A.M. “Rates should be held and QE should not be extended even further. Even though the euro crisis is escalating, the UK financial system is holding up well. So hold, unless Italy’s woes trigger a full-blown banking crisis.” SIMON WARD | HENDERSON “Keep Bank rate at 0.5 per cent and hold [...]
Economic fears stoke slowdown in August September 11, 2011 ONLY London and three other English regions recorded economic growth in August, according to a survey released this morning, with most areas of England either in stagnation or going backwards. Growth came to a grinding halt across the UK as a whole, collapsing to an 28-month low of 50.6 in Lloyds TSB’s latest PMI reading [...]
LDC private equity unit sees its pay costs double September 25, 2011 PAY has doubled at Lloyds’ private equity division, Lloyds TSB Development Capital (LDC), its accounts show. The total cost of compensation for its 89 staff rose from £15m in 2009 to £32.7m last year, while directors’ shared £5m last year, up from £2.3m the year before. The highest paid director saw compensation rise from £606,000 [...]
Barclays is top of the league for complaints September 28, 2011 BRITISH customers made more complaints about Barclays than any other banking brand in the first half of the year, according to data released by the Financial Services Authority (FSA) yesterday. Barclays was the subject of 251,563 complaints, with 53 per cent of closed cases upheld in customers’ favour, the regulator’s figures showed. Next on the [...]
How to pass the torch to your hero July 26, 2011 EVER since the theft of fire from Zeus by Prometheus (well, that’s what the legend says), a torch has been kept alight throughout the Olympics. And in the run up to the coming Olympics, beginning on 19 May 2012, it will be carried across the country in relay by those nominated as community heroes. The [...]
How to pass the torch to your hero July 26, 2011 EVER since the theft of fire from Zeus by Prometheus (well, that’s what the legend says), a torch has been kept alight throughout the Olympics. And in the run up to the coming Olympics, beginning on 19 May 2012, it will be carried across the country in relay by those nominated as community heroes. The [...]
Share registrar Equiniti eyes more acquisitions August 29, 2011 EQUINITI Group, the private equity-backed share registrar, remains on the acquisition trail after reporting annual revenues of nearly £300m, according to its latest accounts. The firm, formerly Lloyds TSB Registrars before it was bought by Advent International in 2007, said it is interested in “small ‘bolt-on’” deals and expects to cut costs further. It made [...]
London grows at fastest rate for 16 months August 7, 2011 BUSINESS activity in London grew at its fastest rate for 16 months in July, according to a Lloyds TSB survey released today. Output grew in all regions except Northern Ireland, but London led the way with “by far the strongest expansion”. “July’s survey data points to an uneven regional recovery, with London advancing clear of [...]
Lloyds TSB unveils 5.5 per cent bond for retail investors March 8, 2011 LLOYDS TSB launched a five-year corporate bond for retail investors yesterday, following its first offering to private bond investors last June. The bonds will pay 5.5 per cent interest at a fixed rate until the notes mature in September 2016. Lloyds and Royal Bank of Canada are underwriting the scheme. Lloyds expects to raise at [...]
Lloyds TSB unveils 5.5 per cent bond for retail investors March 8, 2011 LLOYDS TSB launched a five-year corporate bond for retail investors yesterday, following its first offering to private bond investors last June. The bonds will pay 5.5 per cent interest at a fixed rate until the notes mature in September 2016. Lloyds and Royal Bank of Canada are underwriting the scheme. Lloyds expects to raise at [...]