Find Your Broker
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -0.09% 58.39p 58.39p 58.40p 58.66p 58.08p 58.28p 31,351,267 12:17:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 34,237.0 5,275.0 4.4 13.3 41,538.31

Lloyds Bank Pledges GBP18 Billion in Lending to Brexit-Hit UK Business

16/01/2019 12:18pm

Dow Jones News


Lloyds (LSE:LLOY)
Historical Stock Chart

2 Months : From Dec 2018 to Feb 2019

Click Here for more Lloyds Charts.

By Adam Clark

 

Lloyds Banking Group PLC (LLOY.LN) said Wednesday that it will lend up to 18 billion pounds ($23.1 billion) to British businesses in 2019, as the Brexit deadlock in parliament clouds the U.K.'s economic outlook.

Britain's largest retail bank it will offer loans to businesses ranging from individual entrepreneurs to large multinational corporations.

"During these uncertain times, it is important that our customers have financial support and expert guidance to navigate the challenges they may face. Whatever the future brings, we will continue to support UK businesses as part of our commitment to help Britain prosper," Chief Executive Antonio Horta-Osorio said.

Parliament's overwhelming rejection of Prime Minister Theresa May's Brexit deal on Tuesday may mean businesses need to step up planning for a no-deal Brexit, in which the U.K. leaves the European Union without a trade agreement.

However, on Wednesday morning, shares in Lloyds and domestic-banking peers were largely up along with the sterling, as investors appeared to bet U.K. lawmakers opposed to a no-deal Brexit will now be able to exert more influence on negotiations.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

January 16, 2019 07:03 ET (12:03 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Lloyds Chart

1 Year Lloyds Chart

1 Month Lloyds Chart

1 Month Lloyds Chart
Your Recent History
LSE
LLOY
Lloyds
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190218 12:32:23