Lloyds Bank unveils quarterly dividends payments amid pension pay row May 16, 2019 Lloyds Bank has announced plans to pay dividends quarterly from next year ahead of a potential shareholder revolt at today’s AGM. The bank said the move, beginning in the first quarter of 2020, would allow its 2.4 million shareholders to be paid more regularly and efficiently. Read more: Lloyds Banking Group: Q1 results analysis The [...]
Lloyds Bank urges employees to vote in executive pay meeting May 12, 2019 Bosses at Lloyds Banking Group have urged employees to vote at its upcoming annual meeting after objections were raised over its executives’ pay. Read more: Lloyds Bank handed capital boost by regulator following risk change A video was made in an attempt to persuade staff to vote at Thursday’s meeting, the Sunday Times reported, on [...]
Lloyds Banking Group: Q1 results analysis May 7, 2019 | City Talk By Graeme Evans from interactive investor. After a stunning share price performance, do these 'hit and miss' results justify optimism? Lloyds Banking Group (LSE:LLOY) investors, in need of a silver lining after an underwhelming earnings season from UK lenders, only have to look back 24 hours earlier to the surprise gift handed to the bank [...]
Royal Bank of Scotland undone by Brexit May 6, 2019 | City Talk By Graeme Evans from interactive investor. These were a 'noisy' set of Q1 results from RBS, but probably look 'worse than the reality'. Back in the dividend-paying ranks and with shares up by as much as 25 per cent in 2019, The Royal Bank of Scotland (LSE:RBS) provided investors with a reality check as the state-backed lender [...]
Lloyds Bank: The must-know numbers ahead of Q1 results May 3, 2019 | City Talk By Alistair Strang from interactive investor. Lloyds shares remain in a static state. Our chartist runs the numbers again hoping for a catalyst. When we last reviewed Lloyds Banking Group (LSE:LLOY), we admitted considerable discomfort in projecting the share's future potentials. Instead, we opted for the coward's route, suggesting it was probably going to be [...]
Barclays shares: Optimists see an opportunity April 29, 2019 | City Talk By Graeme Evans from interactive investor. These results do not impress, but there’s lots going on at Barclays and plenty to interest investors. Without the attention generated by activist investor Edward Bramson, it’s likely that last week’s lacklustre investment banking performance at Barclays (LSE:BARC) may have been passed off as just another quarter blighted by [...]
Exclusive: Lawyers who took on Lloyds and Tesco launch new funder-backed firm April 29, 2019 A group of lawyers who are taking on Lloyds Banking Group and Tesco in multi-million pound group actions have launched a new firm backed by a heavyweight litigation funder. The new firm – Harcus Parker – is a breakaway from London firm Harcus Sinclair led by its head of litigation Damon Parker. The firm has [...]
Lloyds Bank to pay £10m to up to 200,000 customers over administrative error April 26, 2019 Lloyds Banking Group will pay out around £10m to up to 200,000 customers following an administrative error made seven years ago. The company failed to notify thousands of customers that it had cut interest rates on a number of Halifax, Bank of Scotland and Lloyds savings accounts in 2012. Read more: Lloyds Bank stars as [...]
Leaving the legacy behind: Meet the tech company that could put a stop to the banks’ IT failures April 23, 2019 IT meltdowns are becoming dangerously common among the big banks. According to Which, at least one British bank suffered an IT failure every day during the last nine months of 2018. TSB’s outage last year, which left 1.9m customers locked out of their accounts and cost the bank £330m, demonstrates how catastrophic these IT issues can [...]
AA: A sustainable recovery of its own? April 12, 2019 | City Talk After a decent start to 2019, our head of markets kicks the tyres after these uninspiring results. There is certainly a great deal going on under the bonnet at AA (LSE:AA.), although by its own admission there remains much to be done. One measure of progress is the number of contract wins the company has [...]