Lloyds Banking Share Discussion Threads

[hardup1] 14/3/2024 18:45

marktime1231, after 15 days it is very close to last year, total shares bought back for cancellation so far this year is 383,280,194 for cost £183,747,568.60. After 15 days last year there had been 385,687,581 shares bought back for cancellation for cost £191,714,730.92. The share buyback last year concluded on 25th August. But last year the number of shares bought back daily after this point greatly increased. Unless there is a sizeable fall in share price, I think it will probably take longer this year to complete, September/October maybe?

[marktime1231] 14/3/2024 18:16

Attacking the buyback at a cracking pace hardup, are we headed for the same scenario as last year where the programme runs out in October and there is a big gap to the next one?

[hardup1] 14/3/2024 18:11

After 15 trading days, buyback complete to date:
Total shares to date........................383,280,194
Aggregate cost to date... ..................£183,747,568.60
Average price paid to date...................47.9408
Percentage of £2 billion buyback completed..9.19%

[xxxxxy] 14/3/2024 17:19

SIR – Mark Drakeford, the First Minister of Wales, has admitted to the UK Covid Inquiry that local lockdowns were "a failed experiment", and a senior Welsh advisor said that, in hindsight, "perhaps they weren't the best idea". In May and June 2020, thousands of fixed-penalty notices were issued to people in Wales for failing to take part in what is now being deemed an experiment – one which none of them had consented to be involved in. The hindsight argument is also fallacious, as numerous public-health specialists warned as early as April 2020 that lockdowns would have no effect whatsoever on the circulation of a respiratory virus, and would only serve to wreck the economy and society in general.Graham LowMalpas, Cheshire...Daily Telegraph

[xxxxxy] 14/3/2024 14:47

The blunt reality is that it isn't the leader that's the problem. It's the Tory MPs. And after 14 years of government, we know what administrations those MPs will produce. Ones which give us wokery that runs wild across academia, the civil service and the corporate sector. Which give us public spending at 45 per cent of GDP and taxes at the highest level since the late 1940s, yet the defence budget withers away. Which deliver a big increase in the cult of "our NHS" while NHS outcomes get ever worse compared to the very different health systems used by our international peers. We get housing projects and other infrastructure projects bogged down by planning rules. We get almost no economic growth. We get placed under house arrest for months without any systematic prior assessment of the impacts of doing so, based on little more, apparently, than the hope that "something will turn up". We get net immigration at 700,000 per year. We get the cult of Greta Thunberg. We get the police kneeling to BLM. We get mobs of protestors intimidating MPs and their children in their houses...Andrew Lilico....Daily Telegraph

[stonedyou] 14/3/2024 13:53

REVELATIONS OF A UKRAINIAN POW: THE AFU KILLS THOSE WHO DECIDE TO SURRENDER.

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A video interview with a Ukrainian prisoner of war, who was captured near Avdiivka together with 4 other soldiers, has become yet another evidence of how the Ukrainian armed forces get rid of their own soldiers. Mobilized despite his age, Stepan Knysh went straight to the front line instead of the promised service in the rear.

According to him, they were sent to a previously hopeless location, without instructions and deceived that there was infantry support:

«They didn’t tell us anything. They only said that we would be kind of on patrol. That’s where the infantry is. It turned out that there was not a person, not a soul. Only eight of the people we replaced. And that’s it».

When they were taken prisoner by Russian soldiers and started to lead them to a safe zone, the AFU sent a kamikaze drone after them, which exploded during the liquidation and injured several people. Parsing the reasons why the AFU is aiming at their own and not at Russian soldiers, Stepan Knysh concluded that it can’t be a simple mistake on their part:

“Well, to destroy so we don’t get captured by the enemy. I think so. Well, why did they shoot down a Russian plane with our prisoners of war? They don’t want to pay or what? I can’t imagine in my head why they did it. Either by mistake or whatever. This can’t be a mistake if drones were sent after us. The guys here in the camp say that this is not the first case. There have been many such cases”.

Indeed, the evidence of how the Kiev regime deliberately destroys its servicemen to thwart attempts to retreat or surrender to Russian forces is plentiful and growing each time. In this case, there were no human casualties.

Find more videos and testimonies of Ukrainian POWs in our exclusive database:

pow.southfront.press



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[stonedyou] 14/3/2024 13:48

YEMEN’S HOUTHIS HAVE SUCCESSFULLY TESTED HYPERSONIC MISSILE – REPORT.

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Hypersonic missiles travel and maneuver at least five times faster than the speed of sound at low altitudes in the atmosphere, which makes them extremely difficult to track and intercept.

“Missile forces of the movement have successfully tested a missile that can reach speeds of up to Mach 8 [over 9,800 kilometers per hours] and is powered by solid fuel,” the unnamed source told the Russian news agency. “Yemen plans to begin manufacturing it for use in attacks in the Red and Arabian Seas and the Gulf of Aden, as well as against targets in Israel.”

Such a missile would reach Israel, which is more than 3,200 kilometers away from Yemen, in just ten minutes. Israel’s existing anti-missile systems were not designed to deal with such a threat.

The source also told Sputnik that the Houthis had upgraded their existing missiles and drones to carry more powerful warheads.

[freddie01] 14/3/2024 13:12

Lloyds teams with fintech startup ApTap to help people manage household bills


Lloyds Bank is to make managing household bills easier for mortgage customers through a partnership with ApTap, a fintech startup graduate of the bank's 'Launch' innovation programme.

ApTap’s bill management tool, which makes it easier for people to switch and save on utilities and home services, will now be available through Home Wise (Lloyds Bank) and HelloHome (Halifax) - the home hubs already available to the banks’ mortgage customers through their mobile banking.

The app provides customers with the ability to get information on savings that could be made by switching broadband provider, energy supplier, or mobile phone contract and the means to implement the switch.

Carolyne Gregory, head of product management (Homes), Lloyds Banking Group says: “Staying on top of regular household bills can lead to savings of hundreds of pounds a year, but we know it can be difficult to find time to go through paperwork and check with every supplier. The collaboration with ApTap makes managing regular bills much easier, as Lloyds Bank and Halifax mortgage customers can now save and switch through their existing home hub within their mobile banking.”

Last year, ApTap completed ‘Lloyds Banking Group Launch’, a five-month collaborative innovation programme that providing a structured test and learn approach to partnering with fintechs. It offers fintechs the opportunity to solve key strategic challenges by working with business subject matter experts to refine ideas and test via a Proof of Concept.

Will Billingsley, co-founder and CEO at ApTap, says: “Throughout the Launch programme, we have seen the bank’s ambition to serve customers in innovative ways first hand. Having worked closely with a number of teams across the group to get our tools into the app, we’re excited to land in the home ecosystem, which we believe lends real context to our bill management tools."

[jordaggy] 14/3/2024 12:39

The city watchdog has said its investigation into potential mis-selling in the car finance industry is unlikely to reach the scale of the PPI scandal, which saw banks pay out nearly £50bn over more than a decade.

Nikhil Rathi, the chief executive of the Financial Conduct Authority, said he understood there was “uncertainty” about the scale of potential fines and compensation, but he played down comparisons with PPI.

Referring to comments by consumer champion Martin Lewis, who warned in January that the issue could become the “new” payment protection insurance scandal, Rathi said:

Some – not us – have sought to draw comparisons with PPI
In PPI, the regulator’s work took place over many years and this and action on redress dragged on for some time.
I do not anticipate this issue playing out as PPI did, not least because we have intervened early in the interests of market orderliness,
he told attendees at the Morgan Stanley European Financials Conference in London.


Nikhil Rathi, the former boss of the London Stock Exchange who became chief executive of the Financial Conduct Authority in October 2020. Photograph: Victoria Jones/PA
However, Rathi said the FCA’s prompt intervention should assure both industry and consumers that any wrongdoing would be dealt with efficiently.

The FCA is looking into whether consumers had been charged inflated prices for car loans, as a result of open commission arrangements, between 2007 and 2021. It has yet to announce the conclusions of its investigation and said it would set out “next steps” by the end of September.

MoneySavingExpert.com, founded by Martin Lewis, said earlier this month that more than 1m car finance complaint letters had been submitted since he launched its free car finance reclaim tool on 6 February.

PPI was Britain’s costliest and longest-running consumer scandal. As many as 64m policies were sold in the UK –mostly between 1990 and 2010, and some as far back as the 1970s – alongside loans, mortgages, credit cards and other deals.

[geckotheglorious] 14/3/2024 09:08

Fascinating interview imo
For all those who own their stocks/bonds in nominee accounts be concerned.

The Most Shocking Interview I’ve Conducted this Year

[freddie01] 14/3/2024 07:27

Lloyds’ arm Halifax cuts age limit for mortgage seekers


Lloyds Banking Group PLC (LSE:LLOY)-owned Halifax has lowered the maximum age limit for its mortgage deals to 70 as it looks to avoid offering risky loans.

Previously, people up to the age of 75 could apply for mortgages with the lender, with the reduction in age set to force many into shorter-term deals with higher interest rates.

“These changes have been made as part of a regular review of our lending criteria and will ensure we can continue to lend responsibly to a broad range of customers,” a spokesman said.

“For all other applications, we will continue to use a maximum working age at application of 75.”

Halifax had raised the age limit to 75 just last summer, with borrowers typically allowed to take out loans for as long as they work, but having to provide evidence of the likes of pensions to cover these if retired.

“Halifax appears to be tightening the screws on the very borrowers who need them the most,” Darryl Dhoffer, adviser at The Mortgage Expert, said.

“High mortgage rates and shorter terms are a recipe for disaster, pushing even more borrowers into debt and hardship.”

[chester9] 14/3/2024 06:47

Good long term profit for Rothesay and Lloyd's will call it neutral. Our 5 year view of our country, then all change does such damage. The same view that caused the inept pension problem in the first place.That said I watched Yes Prime Minister the other day and to me the world is still managed behind those same civil servant doors despite the elected parties.

[bargainbob] 13/3/2024 21:00

Good fit for Scottish Widows then Chester9

[chester9] 13/3/2024 19:11

Rothesay took over my company scheme and my transfer value went down a third. Ahead of transfer Independent Advisors were hired to give advice before decision. They advised it was a great scheme stick with it.My defined benefits remain the same but if I snuff it early my wife gets half pension and Rothesay will bank the rest.I've written to the ombudsman but I expect to be fobbed off. Rothesay deal in paper quotes with a 4 week time period. It's like they are dinosaurs. My other pensions give instant quote.

[hardup1] 13/3/2024 18:31

After 14 trading days, buyback complete to date:
Total shares to date........................359,125,973
Aggregate cost to date... ..................£171,840,455.51
Average price paid to date...................47.8496
Percentage of £2 billion buyback completed..8.59%

[jackdaw4243] 13/3/2024 18:29

Hard
Rothesay now manages my annuity after S W dws , I suppose charges are a fact of life we wive with,

[hardup1] 13/3/2024 16:44

Rothesay acquires £6 billion Scottish Widows bulk annuity portfolio from Lloyds Banking Group..

"The overall financial impact of this sale on Lloyds Banking Group is not material."

[blackhorse23] 13/3/2024 16:13

Money moving to METRO BANK

[xxxxxy] 13/3/2024 15:19

The Bank of England tries to stop growthMARCH 10, 2024 153 COMMENTSThe People's  Bank of China is cutting interest rates and creating  more liquidity in markets to boost growth. They did not buy up bonds  in past years and have low inflation.Growth is around 5%The Fed, the US Central Bank , is busy selling bonds at a loss but does not send the bill to the Treasury  and taxpayers. Meanwhile the Administration and Congress has boosted the budget deficit by $1 trillion to offset the contractionary effects. Growth hit 5% but is now slowing as the stimulus  fades.The ECB is not selling bonds at big losses, though it made the same mistake as the Bank of England in printing too much and causing inflation. They do not want to weaken their economies more.The Bank of Japan is still creating more money and buying more bonds, with low inflation.Only the Bank of England is continuing to tighten into a downturn with large sales of bonds, sending huge bills for the losses to taxpayers.Why?...John Redwood