Tag Archive | "LON:LLOY"

Lloyds Banking Group PLC (LON:LLOY) Makes Jobs Decision

Lloyds Banking Group PLC (LON:LLOY) Makes Jobs Decision

Lloyds Banking Group PLC (LON:LLOY) has decided to cut 1,300 more jobs.

Lloyds Banking Group PLC (LON:LLOY) Makes Jobs Decision

As a part of its move to reduce back office costs, which was included in the company’s strategic review in June, the banking giant Lloyds Banking Group PLC (LON:LLOY) is planning to slash about 1300 more jobs soon.

Lloyds Banking Group PLC (LON:LLOY) said in a statement, “1,120 of the role reductions are part of the 15,000 job cuts announced at its strategic review on 30 June. The remaining 180 jobs are part of the company’s ongoing three-year integration program, which is due for completion at the end of the year.”

Lloyds Banking Group PLC (LON:LLOY) shares stood at 33.35 at the end of the last trading session.

Lloyds Banking Group PLC (LON:LLOY) Makes Jobs Decision
Price History
Last Price: 33.35
52 Week Range: 30.50- 91.95
Last Vol: 76120656
3 Month Vol: 168410000

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Lloyds Banking Group PLC (LON:LLOY) Gets New Finance Head

Lloyds Banking Group PLC (LON:LLOY) Gets New Finance Head

Lloyds Banking Group PLC (LON:LLOY) has appointed a new head for its commercial finance business unit.

Lloyds Banking Group PLC (LON:LLOY) Gets New Finance Head

Ian Larkin has been appointed as the new managing director of Lloyds TSB Commercial Finance (LCF), the invoice and equipment finance arm of Lloyds Banking Group (LBG).

Previously, he held the position of managing director at Lloyds Banking Group PLC (LON:LLOY)’s consumer banking and lending arm.

John Malty, managing director of commercial banking at Lloyds Banking Group PLC (LON:LLOY) said, “Larkin’s credentials and broad experience are an excellent fit for the role of managing director at LCF, as the business continues to drive growth in the asset finance market.”

Lloyds Banking Group PLC (LON:LLOY) stocks stood at 43.85 at the end of the last trading session (last trade 10:46).

Lloyds Banking Group PLC (LON:LLOY) Gets New Finance Head
Price History
Last Price: 43.85
52 Week Range: 41.05- 91.95
Last Vol: 40045224
3 Month Vol: 167179000

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Pair Of Bids For Lloyds Banking Group PLC (LON:LLOY)

Pair Of Bids For Lloyds Banking Group PLC (LON:LLOY)

The Sunday Times has reported that Lloyds Banking Group PLC (LON:LLOY) received only two bids for its retail branch network.

Pair Of Bids For Lloyds Banking Group PLC (LON:LLOY)

The lack of interest in the sale has forced Lloyds Banking Group PLC (LON:LLOY) to consider different plans to attract more buyers.

The company spokeswoman refused comment on the report, but said, “I can confirm, though, that we’ve had a number of credible proposals and that it has always been our intention to run a dual-track sales process”.

Lloyds Banking Group PLC (LON:LLOY) stocks stood at 46 at the end of the last trading session.

Pair Of Bids For Lloyds Banking Group PLC (LON:LLOY)
Price History
Last Price: 46
52 Week Range: 41.05- 91.95
Last Vol: 31187850
3 Month Vol: 167524000

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Lloyds Banking Group PLC (LON:LLOY) Makes Changes

Lloyds Banking Group PLC (LON:LLOY) Makes Changes

Lloyds Banking Group PLC (LON:LLOY) has announced some changes in its management team.

Lloyds Banking Group PLC (LON:LLOY) Makes Changes

The UK based banking giant Lloyds Banking Group PLC (LON:LLOY) has named Truett Tate, Group Executive Director for Wholesale Banking to the position of Vice Chairman, Client Coverage.

In his new role, he will be responsible for leading and coordinating the company’s corporate client coverage model.

As well as this, Nathan Bostock, who is currently working with the Royal Bank of Scotland, will join Lloyds Banking Group PLC (LON:LLOY) to take the role of Chief Executive, Wholesale Banking and Markets.

Lloyds Banking Group PLC (LON:LLOY) stocks stood at 48.07 at the end of the last trading session (last trade 11:22).

Lloyds Banking Group PLC (LON:LLOY) Makes Changes
Price History
Last Price: 48.07
52 Week Range: 41.05- 91.95
Last Vol: 56554024
3 Month Vol: 165421000

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Lloyds Banking Group PLC (LON:LLOY) Shakes Up International Wealth Unit

Lloyds Banking Group PLC (LON:LLOY) Shakes Up International Wealth Unit

Lloyds Banking Group PLC (LON:LLOY) has appointed three new directors for its International Wealth unit.

Lloyds Banking Group PLC (LON:LLOY) Shakes Up International Wealth Unit

According to an announcement made by the UK based financial giant Lloyds Banking Group PLC (LON:LLOY), it has appointed Martin Fricker as high net worth director and Tony Wilcox as a director for its International Wealth arm.

The company has also appointed Guy Healey as the new change and transformation director for the growing unit.

Russell Galley, managing director of Lloyds Banking Group PLC (LON:LLOY)’s International Wealth said, “With the new appointments, we are well positioned to target expatriates, and affluent and wealthy international customers with strong links to the UK.”

Lloyds Banking Group PLC (LON:LLOY) shares stood at 44.53 at the end of the last trading session.

Lloyds Banking Group PLC (LON:LLOY) Shakes Up International Wealth Unit
Price History
Last Price: 44.53
52 Week Range: 42.26- 91.95
Last Vol: 47410288
3 Month Vol: 161140000

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Lloyds Banking Group PLC (LON:LLOY) Selling Insurance Stake

Lloyds Banking Group PLC (LON:LLOY) Selling Insurance Stake

It has been reported that Lloyds Banking Group PLC (LON:LLOY) is planning to sell its stakes in IFA insurance.

Lloyds Banking Group PLC (LON:LLOY) Selling Insurance Stake

Reports say that the UK based financial giant Lloyds Banking Group PLC (LON:LLOY) is selling a part of IFA insurance as part of its strategic review.

Horta-Osorio, chief executive of Lloyds Banking Group PLC (LON:LLOY) said, “The RDR will make IFAs consolidate and charge a fee for their advice, meaning many customers will not be able to afford their service and an advice and distribution gap will be created.”

Lloyds Banking Group PLC (LON:LLOY) company shares stood at 47.92 at the end of the last trading session.

Lloyds Banking Group PLC (LON:LLOY) Selling Insurance Stake
Price History
Last Price: 47.92
52 Week Range: 42.79- 91.95
Last Vol: 40879968
3 Month Vol: 160610000

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Lloyds Banking Group PLC (LON:LLOY) Sells Hill Hire

Lloyds Banking Group PLC (LON:LLOY) Sells Hill Hire

Lloyds Banking Group PLC (LON:LLOY) has sold vehicle rental and contract hire company Hill Hire to Ryder Europe.

Lloyds Banking Group PLC (LON:LLOY) Sells Hill Hire

As a part of its plan to offload non-core assets, the financial giant Lloyds Banking Group PLC (LON:LLOY) has sold Hill Hire, a part of its Asset Finance business to Ryder Europe for about £151 million.

This Lloyds Banking Group PLC (LON:LLOY) deal includes the sale of Hill Hire’s 13 UK depots and approximately 4,000 HGVs and other equipment, as well as its 297 staff.

Lloyds Banking Group PLC (LON:LLOY) stocks stood at 47.71 at the end of the last trading session.

Lloyds Banking Group PLC (LON:LLOY) Sells Hill Hire
Price History
Last Price: 47.71
52 Week Range: 46.69- 91.95
Last Vol: 36900104
3 Month Vol: 147300000

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Lloyds Banking Group PLC (LON:LLOY) To Sell Insurance Company?

Lloyds Banking Group PLC (LON:LLOY) To Sell Insurance Company?

It has been reported that Lloyds Banking Group PLC (LON:LLOY) is planning to sell its German life insurance company.

Lloyds Banking Group PLC (LON:LLOY) To Sell Insurance Company?

According to Reuters, people familiar with the company’s decisions has said that the banking giant Lloyds Banking Group PLC (LON:LLOY) is seeking buyers for its German life insurance unit Heidelberger Leben, which has an embedded value of around 1 billion Euros ($1.42 billion).

A Lloyds Banking Group PLC (LON:LLOY) spokesman has declined to comment on the report.

Lloyds Banking Group PLC (LON:LLOY) stocks stood at 52.76 at the end of the last trading session (last trade 27 May 16:35).

Lloyds Banking Group PLC (LON:LLOY) To Sell Insurance Company?
Price History
Last Price: 52.76
52 Week Range: 49.10- 91.95
Last Vol: 175678192
3 Month Vol: 150589000

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