Lloyds Share News (LLOY)

Britain to help insurers invest in economy, trims bank tax rate

LONDON, Nov 17 (Reuters) - Britain set out more plans on Thursday to help make it the world's most competitive financial centre by easing capital rules for insurers, trimming a tax rate for banks, and promising to review all financial rules from the European Union.

UK banks say consumer safeguard could backfire in cost of living crisis

LONDON, Nov 16 (Reuters) - Britain's banks are proactively helping customers hit by the cost of living crisis, but implementing a new "consumer duty" on time could exclude vulnerable consumers from help, banking industry body UK Finance said on Wednesday.

Lloyds appoints HSBC executive Chirantan Barua as CEO of insurance businesses

LONDON, Nov 15 (Reuters) - Lloyds Banking Group has appointed HSBC's head of strategy Chirantan Barua as Chief Executive Officer of Scottish Widows and its wider insurance, pensions and investments business, it said on Tuesday.

Lloyds appoints Chirantan Barua as CEO of insurance businesses

LONDON, Nov 15 (Reuters) - Lloyds Banking Group has appointed Chirantan Barua as Chief Executive Officer of Scottish Widows and its wider insurance, pensions and investments business, it said on Tuesday.

BOC Aviation takes insurers to court over claim for jets in Russia

DUBLIN, Nov 14 (Reuters) - BOC Aviation has begun legal action in pursuit of claims against 16 insurers over aircraft the lessor owns that are stuck in Russia, an Irish High Court filing shows.

LONDON BROKER RATINGS: Barclays prefers Liontrust over Jupiter

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Lender PCF to withdraw from UK market after rescue fails

PCF will not recommence lending

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UK banks were slow to pass on rate hikes to savers, says watchdog

LONDON, Nov 7 (Reuters) - Britain's banks were slow to start passing on increases in central bank interest rates to savers and consumers should consider switching to another UK lender, the Financial Conduct Authority said on Monday.

LONDON BROKER RATINGS: Liberum cuts British Land; Exane cuts Sainsbury

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

LONDON BROKER RATINGS: Liberum cuts boohoo; JPMorgan cuts Ocado

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON MARKET CLOSE: Weaker pound, banks and IAG help FTSE outperform

(Alliance News) - London's FTSE 100 ended solidly higher on Monday, closing out the month strongly despite trepidation elsewhere in global markets, as investors look forward to a key week for monetary policy.

LONDON BROKER RATINGS: Jefferies raises Centrica and Drax to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

UK govt unlikely to impose windfall tax on banks - report

(Sharecast News) - Bank stocks rallied on Monday following a report the government had denied suggestions it is considering a windfall tax on the sector as one means of closing the budget hole.

Sunday newspaper round-up: Bank windfall tax, Octopus Energy, Royal Navy

(Sharecast News) - Two high-ranking sources near to the new Prime Minister and Chancellor gave short shrift to the idea that a new tax might be levied on lenders. Indeed, during his time as Chancellor, Rishi Sunak had looked at ways to bolster the City after Brexit, whereas bankers have been warning Jeremy Hunt that a tax raid would only hamstring such plans. Furthermore, government sources expect that Hunt will lower the current eight per cent tax surcharge on banks' earnings to three per cent, as had also been planned by Sunak, while raising corporation tax from 19 per cent to 25 per cent for a total levy on banks of 28 per cent. - The Sunday Times

LONDON MARKET MIDDAY: Stocks stage fight back but still face pressure

(Alliance News) - Stocks in Europe were attempting to reclaim some positivity in midday trade on Friday, while it remained a bleak picture on Wall Street after Amazon became the latest tech firm to upset investors.