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29.08.25 - 17:54
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UK bank shares tumble after call for windfall tax on lenders in budget (The Guardian)
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Investor jitters follow report by IPPR, with stock market value of sector cut by almost £8bn in morning tradingTreasury 'should tax big banks on quantitative easing windfalls', says thinktankBusiness live – latest updatesUK bank shares tumbled on Friday, cutting the stock market value of the sector by almost £8bn in morning trading, as fresh calls for a windfall tax on large lenders in the autumn budget spooked investors.Calls for a tax grab, in a paper written by the Institute for Public Policy Research (IPPR) thinktank, took a toll on some of the UK's biggest high street banks. NatWest Group suffered the biggest drop on Friday morning, registering a decline of as much as 5% in its share price, while Lloyds Banking Group and Barclays followed close behind, falling 4.5% and 3.6% respectively. HSBC dropped more than 1%. Continue reading......
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29.08.25 - 10:24
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Pre-budget lift for Rachel Reeves as UK business confidence rises (The Guardian)
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Despite concerns about economy, poll shows optimism about trading prospects at highest level since 2014Business live – latest updatesConfidence among UK businesses has grown despite anxiety about the state of the economy, in a rare slice of positive news for the chancellor, Rachel Reeves, in the run-up to her autumn budget.An August poll of UK companies by Lloyds Bank showed that improved sentiment among manufacturers and retailers helped push overall optimism within UK plc up by two percentage points, with 54% of companies now feeling confident in the current environment. Continue reading......
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28.08.25 - 18:27
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AM Best Affirms Credit Ratings of Lloyd′s Syndicate 33 (Business Wire)
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LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Lloyd's Syndicate 33 (Syndicate 33) (United Kingdom), which is managed by Hiscox Syndicates Ltd. The outlook of these Credit Ratings (ratings) is stable.
The Lloyd's market rating is the floor for all syndicate ratings, reflecting Lloyd's chain of security and, in particular, the role of the Central Fund, which partially mutualises capital at the market level. The ratings of Syndicate 33 reflect the balance sheet strength of the Lloyd's market, which AM Best assesses as very strong, as well as the market's strong operating performance, very favourable business profile and appropriate enterprise risk management.
For the 2024 year of account, Syndicate 33's capacity was GBP 1.7 billion (2023: GBP 1.7 billion). Approximately 73% of Syndicate 33's capital is provided by Hiscox Dedicated Corporate Member Limited, the ultimate parent of Hiscox Ltd....
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28.08.25 - 17:00
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Could the Lloyds share price hit £1? (Fool)
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The black horse bank has done very well over the past year. But can the Lloyds share price finally break out of pennies after many years?
The post Could the Lloyds share price hit £1? appeared first on The Motley Fool UK....
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28.08.25 - 14:03
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Indeavor Appoints Carter Lloyds as Chief Marketing Officer to Accelerate Growth and Champion the Frontline Workforce (Business Wire)
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MADISON, Wis.--(BUSINESS WIRE)--Indeavor, the leader in workforce management and people operations solutions for complex, 24/7 operations, today announced the appointment of Carter Lloyds as Chief Marketing Officer (CMO). Lloyds brings more than two decades of leadership experience in manufacturing, supply chain, and frontline workforce innovation, most recently serving as Chief Marketing Officer at QAD.
At QAD, Lloyds oversaw global marketing and branding, supporting the rapid adoption of QAD Redzone, a connected workforce platform designed to empower frontline teams. He is committed to elevating the role of frontline employees, ensuring that people are prioritized with the same strategic investment as systems and processes.
“Carter's vision for the future of workforce management aligns perfectly with Indeavor's mission,” said Brandon Schwarz, Chief Executive Officer of Indeavor. “He understands both the complexity of global manufacturing and the untapped potential of empowering frontline workers...
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27.08.25 - 09:06
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Best′s Market Segment Report: Global Reinsurers Met Cost of Capital for Second Consecutive Year in 2024 (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--After four years of failing to meet their cost of capital, global reinsurers have now achieved that benchmark for the second straight year, driven in part by strong market performance, according to a new AM Best report.
The Best's Market Segment Report, “Reinsurers Meet Cost of Capital for Second Consecutive Year,” is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best's ranking of the top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd's, life/annuity, health and regional reinsurance markets, will be available during August and September.
According to this report, the reinsurance industry's weighted average cost of capital has been volatile over the past decade, and dipped again to 7.66% in 2024, down from 8.1% in 2023. It fell further in the first quarter of 2025, to 6.66%. Several factors helped subdue the cyclical natur...
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25.08.25 - 06:12
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Is Revolut a risk to the Lloyds share price? (Fool)
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Revolut's aiming to get a full banking licence. With 10m+ UK customers already on its books, our writer asks if its success could hit Lloyds' share price.
The post Is Revolut a risk to the Lloyds share price? appeared first on The Motley Fool UK....
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