Lloyds Banking Share Discussion Threads

[institutional investments] 21/7/2024 07:43

What is most interesting is how the same post in, example, 10 different countries, can illicit a different mass response.

The UK response is definitely interesting. However, it was the other 9 countries that made money

[institutional investments] 21/7/2024 07:38

Very sharp posts. You must all be from a markets Mensa school, having ended up on advfn with all of us haha

[stonedyou] 21/7/2024 06:24

11 RUSSIAN GROUP STRIKES HIT UKRAINE PAST WEEK: MOD


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The Russian military carried out 11 group strikes against targets in Ukraine over the past week, the Russian Ministry of Defense announced on July 19.

“From 13 to 19 July 2024, the Armed Forces of the Russian Federation delivered 11 group strikes by high-precision weaponry and attack unmanned aerial vehicles [UAV] at the enemy’s aviation bases, objects of power infrastructure ensuring operation of the Ukrainian military industrial enterprises, AFU [Armed Forces of Ukraine] air defense and electronic warfare means,” the ministry said in its weekly briefing. “Also strikes were delivered at deployment areas of the AFU units, echelons with weaponry and military hardware, ammunition depots including those supplied by Western countries and materiel.”

The goals of the group strikes have been achieved, the ministry added, noting that “all the assigned targets have been engaged.”

Also in the briefing, the ministry provided a summary of Russian military actions in different directions within the special military operation past week.

The ministry said that the Sever Group of Forces improved the situation in its direction and inflicted losses on two mechanized brigades, one assault brigade, one motorized rifle brigade, two marines brigades and four territorial defense brigades. In addition, the group repelled 23 counter-attacks.

“The AFU losses amounted to up to 1,370 Ukrainian troops, five tanks, 25 motor vehicles, 28 field artillery howitzers, including seven foreign-made 155-mm howitzers and seven electronic warfare stations,” it added.

The Zapad Group of Forces also improved the tactical situation in its direction and inflicted losses on four AFU mechanized brigades, one tank brigade, two infantry brigades and three territorial defense brigades, according to the ministry, which noted that six counter-attacks were repelled by the group.

“The AFU losses amounted to up to 3,920 Ukrainian troops, one tank, eight armored fighting vehicles, including three United States-made M113 armored personnel carriers, 46 motor vehicles, 38 field artillery howitzers, including 12 155-mm howitzers produced by the NATO countries. Moreover, 30 field ammunition depots and six electronic warfare stations were destroyed,” the ministry said.

The ministry also announced that the Yug Group of Forces took more advantageous lines and inflicted losses on three AFU mechanized brigades, one motorized infantry brigade, two airmobile brigades and two air assault formations. In addition, the group repelled ten counter-attacks.

“The AFU losses amounted to up to 3,930 Ukrainian troops, one tank, 14 armored fighting vehicles, including two U.S.-made M113 armored personnel carriers and three U.S.-made Humvee armored fighting vehicles, 48 motor vehicles, 71 field artillery guns, including 28 howitzers produced in Western countries,” the ministry said, adding that “ten electronic warfare stations and 24 field ammunition depots were destroyed.”

In addition, the ministry confirmed that the Tsentr Group of Forces had liberated Yuriyevka in the Donetsk People’s Republic.

The group inflicted losses on three AFU mechanized brigades, two motorized infantry brigades, one infantry brigade, one air assault formation and two territorial defense brigades, according to the ministry, which said that the group also repelled 38 counter-attacks.

“The AFU losses amounted to up to 2,215 Ukrainian troops, 11 armored fighting vehicles, including one U.S.-made Bradley infantry fighting vehicle, two U.S.-made M113 armored personnel carriers and one MaxxPro armored fighting vehicle, 26 motor vehicles and 27 field artillery howitzers,” the ministry added.

Also during the past week, the Vostok Group of Forces managed to liberate Urozhaynoye in Donetsk, according to the ministry.

The group repelled five counter-attacks and inflicted losses on five AFU formations, three territorial defense brigades and one national guard brigade.

“The AFU losses amounted to up to 925 Ukrainian troops, one tank, three armored fighting vehicles, including two U.S.-made M113 armored personnel carriers, 35 motor vehicles, 26 field artillery guns, including 19 howitzers and self-propelled artillery systems [155 mm caliber] produced by the NATO countries,” the ministry said.

The ministry also said that the Dnepr Group of Forces inflicted losses on two AFU mechanized brigades, one mountain assault brigade, one marine brigade and three territorial defense brigades over the past week.

“The AFU losses amounted to up to 715 Ukrainian troops, two tanks, 37 motor vehicles, and 21 field artillery howitzers. Nine electronic warfare stations and 11 field ammunition depots were destroyed,” it added.

Also over the past week, Russian air defenses shot down three MiG-29 fighter jets of the Ukrainian Air Force, eight U.S.-made ATACMS operational-tactical missiles, ten French-made Hammer guided aerial bombs, one S-200 surface-to-air guided missile converted to hit ground targets, 44 HIMARS MLRS [Multiple Launch Rocket System] projectiles, 305 UAVs, including 94 in airspace of the western regions of the Russian Federation, according to the ministry.

It also noted that the Russian Navy’s Black Sea Fleet wiped out 10 uncrewed surface vessels in the Black Sea waters during the same period.

In addition, the ministry said that 19 Ukrainian troops surrendered to the Russian military in different directions over the past week.

“In total, 630 airplanes and 277 helicopters, 27,841 UAVs, 552 air defense missile systems, 16,611 tanks and other armored fighting vehicles, 1,379 combat vehicles equipped with MLRS, 12,059 field artillery howitzers and mortars as well as 23,829 units of special military equipment have been destroyed during the special military operation,” the ministry concluded.

All in all, the Russian military dealt heavy blows to Ukraine while maintaining dominance in all directions over the past week. Kiev’s attempts to change the situation in several directions all failed and resulted in heavy material and human losses.




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[stonedyou] 21/7/2024 06:21

MISSILES, DRONES HIT KEY INFRASTRUCTURE IN UKRAINE

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A series of missile and drone strikes which were attributed to Russia hit energy facilities and railway infrastructure across Ukraine over the night of July 19 and 20.

The Ukrainian Air Force said that the Russian military launched four Iskander-M tactical ballistic missiles and 17 Geran-type suicide drones during the attack. The air force admitted that none of the missiles were intercepted, but claimed that 13 of the drones were shot down over five regions in the east, north, and center of the country.

Oleh Syniehubov, regional governor for the northeastern Kharkiv region, said that the missiles targeted an infrastructure facility in the settlement of Barvinkove in the northeast.

The Ukrainian Railways also revealed that the overnight attack damaged railway infrastructure in some parts of Kharkiv region and briefly delayed some passenger trains.

In addition, Ukrenergo, the national grid operator, said that the drones attacked electricity distribution facilities in the central Poltava region, in the northeastern Sumy region and in the northern Chernihiv region. Emergency power cuts were imposed on industrial and residential consumers in Poltava and Chernihiv as a result, according to the company.

Also overnight, the Russian Ministry of Defense reported that a large-scale Ukrainian attack that targeted two regions in southeastern Russia was repelled.

Russian air defenses shot down 26 suicide drones over the region of Rostov, the ministry said in a statement, adding that another drone was intercepted over the region of Smolensk.

Rostov Governor Vasily Golubev said on his official Telegram channel that “there were no casualties as a result of the attack.” There were also no reports of any losses in Smolensk.

It’s worth noting that the Russian military resumed group strikes on military infrastructure and related energy facilities in Ukraine last March in response to repeated attacks by Kiev forces on Russian territories. The retaliatory strikes inflicted heavy losses on Ukraine.




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[skinny] 20/7/2024 09:10

"UK banks were widely unaffected by the outage on Friday" - I believe Metro bank were.

[mikemichael2] 20/7/2024 07:21

Back from a few days in Prague and the garden has gone bonkers!! Loads of peas ready, grass like a jungle, and the few toms in the greenhouse look good.

Can recommend Prague for those who haven't been, just avoid July/August, it was cooking.

[jackie ladd] 20/7/2024 07:10

Hope this helps.

[jackie ladd] 20/7/2024 07:10

He is mentally ill, lonely, stupid and desperate.

[jackie ladd] 20/7/2024 07:09

He does it 24/7 in order to get his only income.Meanwhile he has got it wrong 13 out of 13 times just this year.

[jackie ladd] 20/7/2024 07:08

These are Joey Sheedy's IDs:Institutional InvestmentsVlad The ImpalerVladman SachsMing Da MercilessThanatos AbysssLeopold IIThe Profit HunterB2 UnaBomber

[jackie ladd] 20/7/2024 07:07

Ergh no clown

[freddie01] 20/7/2024 06:31

New Lloyds Bank and Oaktree partnership to fund middle-market buyouts


Lloyds Banking Group and Oaktree Capital Management are to fund buyouts and refinancing for middle-market companies as part of a new partnership.

The bank said that its structured debt finance team will partner with Oaktree’s European private debt platform, which has deployed more than $3.9 billion over the past two decades, to provide companies with a debt solution for new buyouts and refinancing with term debt, acquisition, and working capital facilities.

The move will see the companies provide a maximum combined loan of £175 million to sponsor-backed firms with an EBITDA of between £10 million £75 million.

James Ranger, managing director and head of sponsors and structured finance at Lloyds Bank, said that the move will provide a "market-leading one-stop solution" for mid-market companies looking for financing options.

"As a result, sponsor clients will be able to finance larger transactions without needing to bring on board additional lenders, which will make deals easier to conclude and reduce uncertainty for all concerned," continued Ranger.

Nael Khatoun, managing director and portfolio manager within Oaktree’s European private debt strategy said that sponsor-backed companies in the UK remain a significant long-term opportunity.

"We believe Oaktree’s Partnership with Lloyds Bank will be a compelling proposition to meet this demand, providing borrowers with certainty of execution and an expedited transaction process," he said.

[freddie01] 20/7/2024 06:25

Lloyds shaded by Natwest as interims approach, say brokers


Lloyds Banking Group PLC (LSE:LLOY) kicks off the UK bank reporting season next week with, for once, City analysts suggesting it’s not the best of the bunch.

Having acquired former building society Halifax, mortgages are a big part of the business and volumes are expected to remain low until interest rates decrease.

Additionally, Lloyds may face slower revenue growth through 2025 due to high 'back book' mortgage spreads, says JP Morgan.

Competition for customer deposits has been in line with expectations and not yet reached cut-throat levels, so margins (NIM) should still be good but if the Bank of England does start to reduce interest rates from September onwards that might change.

Lloyds has guided for NIM of less than 290bps in 2024 on an expectation of three base rate cuts, with a gentle decline in the first half to be followed by a gentle incline for the rest of the year.

In the first quarter, NIM was 2.95%, while UBS says the headwinds to NIM would continue to be the repricing of maturing high-yielding mortgages to lower levels and deposit churn both abating through 2024 and into 2025.

On top of that remains the uncertainty of potential redress due to the ongoing FCA motor finance inquiry, but UBS said that the current share price assumes a “significant miss to

target ROTE and/or substantial costs to shareholders from the motor finance redress".

Encouragingly, Labour leader Keir Starmer recently ruled out further taxes on banks, which could help alleviate the high cost of equity that UK banks have faced since 2016.

According to JP Morgan, NatWest Group PLC (LSE:NWG) in particular, stands out because continued privatisation after the upcoming elections could lead to an increased valuation as the UK government's stake in the bank becomes less significant.

The UK taxpayer now owns less than 20% of the bank despite this optimism, the analysts noted some challenges ahead but NatWest’s strong business franchise through RBS would get a boost if the UK economy does start to pick significantly.

UBS adds that optimism over NatWest has been buoyed by its first quarter NIM beating expectations by seven basis points and rising.

Almost all guidance for 2024 was reiterated in the first quarter including the £13.0-13.5bn income target, says UBS.

“We expect an income upgrade in the second quarter” added the bank driven by income, rising hedge returns, an easing of back book mortgage headwinds, better volumes and a Bank of England levy boost.

[freddie01] 20/7/2024 06:24

Announcement from Lloyds ‘could initiate the change in momentum the sector has been longing for’



Lloyds Banking Group has revealed its plans this week to convert disused office sites into social housing, following government’s announcement last week that it will deliver new mandatory housebuilding targets.

The bank will launch its new social housing programme in Pudsey, West Yorkshire, using a decommissioned data and office space to develop 80 new homes, with Lloyds assessing other potential office spaces across the UK for similar purposes.

John Guest, national head of social housing at leading audit, tax and consulting firm RSM UK, commented: “Labour’s focus on housing targets, planning reform and infrastructure investment is critical for the social housing sector, as there is currently a major shortage of affordable housing, which is hindering the sector’s long-term recovery.

“Housing organisations need to be innovative in terms of their access to sites for developments, and the announcement from Lloyds could initiate the change in momentum the sector has been longing for, while ensuring minimal impact to suppliers and tenants.

“Changing attitudes towards hybrid and flexible working means that there is less demand for traditional offices spaces, which alongside commercial awareness that sites can be repurposed in different ways, could see more companies follow Lloyds and consider different routes for surplus property assets.

“Given the new government’s commitment to achieving net zero, this shift in social housing development could also allow commercial property owners to review their environment, social and governance (ESG) credentials, and focus on how to apply these values to their asset bases.”

[institutional investments] 19/7/2024 21:46

I know some went in on uS financials again in recent weeks but had no choice but to exit early

[jack the tipper] 19/7/2024 21:34

II, its 'Mayhem Monday' for sure. See what some deem insignificant soft commodities?

Warrrr on ftse next week

Everyone better pray for a sell button outage

[xxxxxy] 19/7/2024 20:57

UK banks were widely unaffected by the outage on Friday, although banks in Australia and New Zealand reported customers were unable to make transactions or access online accounts. The Bank of England (BoE) warned in December that the increased reliance on a concentration of cloud servers could pose a risk to the UK's financial stability should the technology "fail or be disrupted".Tayo Dada, head of cyber security at private investigation firm Conflict International, said Friday's outage was a prelude to things to come."What's happened today is just the tip of the iceberg, literally the tip," he said."Banks are now heavily reliant on cloud software, so they're dependent on other companies to run their operations."That can be great when everything is interconnected for ease of access, but when it goes wrong, it can go seriously wrong like today."The fact that banks and other services so heavily rely on third parties has put us in a position of being heavily exposed. One thing can go wrong and there's massive disruption and billions of pounds is lost."...Daily Telegraph

[jackie ladd] 19/7/2024 20:33

Poor Mad Sheedy