Lloyds Banking Share Discussion Threads

[gotnorolex] 05/4/2024 16:13

You never know what you'll come across when you haven't got your gun with you so, just eat what you kill and be contented!

[thanatos abysss] 05/4/2024 13:11

sport sport sport sport sport sport sport sport sport sport sport sport sport sport sport

[arja] 05/4/2024 13:09

melmoo,
Ok sport . chart shows LLOY has been in a nice short term uptrend from the 41 level but now very near chart resistance at about 54.5 . Could well break through after a bit of consolidation . Good luck with it and have a great weekend .

[arja] 05/4/2024 13:04

scruff1 ,
how smart you are to pick up my mistakes but too thick to realise they are TYPING errors and, unlike you who lives on this thread, i have no time or inclination for proofreading ! Trust you to avoid addressing issues :) .

[hardup1] 05/4/2024 11:10

melmoo.....wrong thread. Go to the "Lloyds Bank (LLOY) 'On Topic only' - Thread"

[melmoo] 05/4/2024 11:03

Any of you lot ever actually talk about LLoyds?

[mikemichael2] 05/4/2024 10:30

Don't you just want to slap this namby-pamby wet Lettice woofter??

[hardup1] 05/4/2024 10:05

Why are you posting a link to trading update for Alliance Pharma on the Lloyds board?

[blackhorse23] 05/4/2024 09:30

https://www.londonstockexchange.com/news-article/APH/full-year-trading-update/16307097

[aceuk] 05/4/2024 09:00

House price bounce topped last month, not that Halifax, Nationwide or Boomberg accept that narrative ;-)

[mr.elbee] 05/4/2024 08:25

excellent... proper

[maxk] 05/4/2024 08:09

mr.e


Toshing up an old property for the most part. Boozing in spare time 😁

[mr.elbee] 05/4/2024 07:57

4 months is average here

[utrickytrees] 05/4/2024 07:57

About time too. Tories to ban Manchester United fans from owning dogs because they can't hang onto a lead.

[jordaggy] 05/4/2024 07:54

It takes 1 hour in Georgia to buy a property using blockchain technology. It took me 3 days to buy my home here in Thailand.

[mr.elbee] 05/4/2024 07:43

the Yanks are rigging the market to get Biden re-elected no more no less.

[mr.elbee] 05/4/2024 07:41

what did you do with the time you saved maxk?

[freddie01] 05/4/2024 07:16

Lloyds Banking Group, Nationwide, NatWest and Rightmove join forces with Coadjute


This is the first time that the UK’s three largest mortgage providers have come together to fund a PropTech. Lloyds Banking Group, as lead investment partner, has invested £3 million as part of a £10 million funding round to support Coadjute’s long-term ambition to “revolutionise the UK housing market”.

This latest round brings the cumulative investment in Coadjute to £23 million since being founded in 2018. Rightmove analysis shows that it takes an average of five and a half months from a seller accepting an offer until the transaction completes. This is due largely to disconnected parties, manual processes, and closed data.

Coadjute brings estate agents, conveyancers, mortgage lenders, buyers and sellers together onto a single network where all parties are verified, and data can be shared securely in a standardised way. This means that important information, from deeds, to digital identity, to financial transactions, can all be exchanged quickly and securely regardless of the system the party involved uses.

The funding will be used to power Coadjute’s national roll-out and expand the scope of the network to include mortgage brokers and lenders. The partnership follows Coadjute’s recent successful collaboration with the Bank of England, HM Land Registry, and the Bank of International Settlements on Project Meridian, to streamline and digitise the property settlement process. Dan Salmons, CEO of Coadjute, said:

“We’re delighted that the Coadjute network is now being backed by the biggest players in the UK property market, enabling us to further expand our offering and roll out to more home movers and the professionals that serve them. Together with the estate agents, conveyancers and brokers joining the network, we hope to transform the experience of moving home in the UK, making it quicker, easier and safer for everyone in the future”

Esther Dijkstra, Managing Director of Intermediaries, Lloyds Banking Group said:

“As the UK’s largest mortgage lender we know buying a home is incredibly rewarding, but it can also be stressful and complicated, particularly if it’s the first time you’ve bought a home. To play our part in making things as easy as possible for home buyers, we’ve invested £3 million in Coadjute, who are transforming the house buying process by developing technology which brings everyone involved together securely, so homes can change hands smoothly and quickly and people can start enjoying their new home as soon as possible.”

Henry Jordan, Nationwide’s Director of Home, said that buying a home is “one of the most complex and stressful things that people will do in their lifetime”. He added:

“The homebuying process needs streamlining into a single, integrated journey for the benefit of consumers and industry participants alike. We’re investing in Coadjute because we believe its technology has the potential to achieve this and be a game changer for the property industry.”

Miguel Sard, Managing Director, One Bank Mortgages at NatWest said:

“As a key supporter of the UK housing market, we’re pleased to be supporting Coadjute and delivering clear, practical benefits for homebuyers by making buying and selling homes easier for all parties. We’re continuing to look at innovative ways that we can make it faster and more straightforward for people to own a home.”

Johan Svanstrom, CEO at Rightmove, said:

“We see huge potential to digitise and improve the experience of moving home for consumers. We believe Coadjute’s secure and data-driven technology solution can meaningfully remove some of the friction and frustration that lengthy property transactions bring. For Rightmove this is also an investment into the potential of a more efficient industry, and to support our agent customers’ further business success. We look forward to working with Coadjute and partners on an exciting and digitally driven home moving process.”

[the_owl88] 05/4/2024 06:16

Lloyds Banking Group PLC (LSE:LLOY) was upgraded by analysts on Thursday as prospects for Britain’s banking sector look to improve into the second half of the year.

Across the sector in February, deposits into non-interest-bearing bank accounts climbed for the first time since October 2022, mortgage lending was positive and business loans grew, KBW analysts said, pointing to this week’s Bank of England data.

“This suggests that many of the pressures on Lloyds earnings, whilst likely to continue in the first half, are dissipating rapidly,” the investment bank continued.

Though Lloyds shares have rallied in recent months on growing optimism of better conditions in the latter half of the year, such as from rate cuts, KBW noted the stock was trading at a 20% discount to long-term averages.

“We continue to believe that UK incumbent banking is in long-term structural decline from new entrants with better cost and higher customer satisfaction,” KBW added.

“But, it is clear that 2024 is set to be a cleaner year than we have seen for some time.”

Lloyds was upgraded to an ‘outperform217; rating as a result, with KBW hiking its share price target from 55p to 60p.

Shares in the bank climbed 2.75% to 53.82p on Thursday.

[carpingtris] 05/4/2024 06:02

Wonder if any commission is paid on such small trades?? Or is it a BOT?

US markets didn't finish well so not looking like we'll have a good day here... we'll see!