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01.05.25 - 11:42
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Lloyds Banking Group profits slip 7% amid Trump tariffs concern (The Guardian)
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Chief finance officers says it remains 'vigilant' as it sets aside more money than expected to cover possible bad debtProfits at Lloyds Banking Group have fallen as the high street bank set aside more money than expected to deal with possible bad debts arising from Donald Trump's trade war.The group, whose brands include Lloyds Bank, Halifax and Bank of Scotland, reported a 4% increase in net income to £4.39bn compared with the same period last year, but its pre-tax profit slipped by 7% to £1.52bn, mainly due to higher costs and impairment charges. Continue reading......
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24.04.25 - 07:18
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Oasis reunion tour ticket scams cost fans more than £2m, Lloyds bank estimates (The Guardian)
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Victims include fans rushing to buy tickets at well over face value, data collected by Lloyds Banking Group suggestsOasis fans have collectively lost more than £2m to scams since tickets for its reunion tour went on sale last year, a major bank has estimated.Lloyds Banking Group based the calculation on the volume of fraud reports made by its own customers. Oasis fans make up more than half (56%) of all reported concert ticket scams so far this year, according to Lloyds' data, losing £436 on average. Continue reading......
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20.02.25 - 09:01
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Lloyds Banking FY24 Profit Before Tax Declines (AFX)
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LONDON (dpa-AFX) - Lloyds Banking Group plc (LLOY.L, LYG) reported fiscal 2024 statutory profit before tax of 5.97 billion pounds, down 20% from last year. Basic earnings per share was 6.3 pence c......
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20.02.25 - 08:48
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UK consumer confidence sinks to new low, as Lloyds Bank profits drop 20% – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsLloyds Banking Group, which is something of a bellwether for the UK economy, has missed City expectations this morning by reporting a 20% drop in profits last year.Lloyds reported a pre-tax profit of £5.97bn for 2024, a fifth lower than the £7.5bn it made in 2023.“People's expectations of the economy reached a new low, having fallen almost 40pts since July 2024.Even Gen Z (18-27), the most upbeat generation on the economy and their own finances, saw a drop off in optimism. There was also a widening gender divide in confidence this month, with women more pessimistic than men about both the economy and their own finances by 13 and 17pts respectively. Continue reading......
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05.01.25 - 00:42
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Wegovy maker Novo Nordisk sponsored British pharmacies in pursuit of sales (The Guardian)
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Danish drug company gave money for Google ads to promote weight loss services and received data on web traffic and prescriptionsThe Danish drug company Novo Nordisk provided hundreds of thousands of pounds' worth of sponsorship to pharmacies including Boots and Lloyds as it sought to boost sales of its slimming drugs in Britain, the Observer can reveal.The maker of Wegovy and Saxenda weight-loss injections gave money for Google ads to promote weight-loss services, staff training, and the creation of patient information content. In exchange it received detailed reports about website traffic, advertising hit rates and prescription numbers. Continue reading......
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