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DGAP-News: Lloyds Banking Group PLC: 2021 Half-Year Results

DGAP-News: Lloyds Banking Group PLC: 2021 Half-Year Results
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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Boardroom backlash as Lloyds doubles business account charges

The lender has sent letters to its customers announcing that it will increase the monthly fee on its Business Extra and Electronic Business tariffs, available to firms making more than £3m in turnover. ....

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Investegate |Lloyds Banking Group Announcements | Lloyds Banking Group: Live Shareholder Event Statements

Live Shareholder Event Statements

The following statements were made at a virtual shareholder event today by the Group s Chair, Robin Budenberg, Interim Group Chief Executive Officer, William Chalmers, and the Chair of the Responsible Business Committee, Sara Weller.

Welcome everyone to the Lloyds Banking Group virtual shareholder event which we are holding ahead of our actual AGM next week.

I m Robin Budenberg and I ve been Group Chair since January, having joined the Board in October last year. So, this is my first Lloyds Banking Group shareholder event.

These are important events, which allow us to engage directly with you, our shareholders, and give you the opportunity to ask us questions. In keeping with the updates we normally provide you at the AGM, today I would like to say a few words about: ....

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DGAP-News: Lloyds Banking Group PLC: Q1 2021 Interim Management Statement

DGAP-News: Lloyds Banking Group PLC: Q1 2021 Interim Management Statement
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Lloyds beats forecasts and pays dividend as Horta-Osorio exits

Lloyds chief executive Antonio Horta-Osorio
By Scott Wright
LLOYDS Banking Group shrugged off provisions for bad loans arising from the coronavirus crisis to book a pre-tax profit of £1.3 billion for 2020, but warned the outlook continues to be shrouded by “significant uncertainties”.
The Bank of Scotland owner saw profits fall from £4.4bn in 2019 but beat analysts’ expectations as its net impairment charge of £4.2bn, including £128 million in the fourth quarter, relating to the “deteriorating” outlook was lower than previously forecast. It had guided in October that provisions would be in the £4.5bn to £5.5bn range.
The lower-than-expected provisions echoed the outcome for 2020 reported by Royal Bank of Scotland owner NatWest Group last week. NatWest’s results included a net impairment charge of £3.2bn, dragging it to an operating loss of £351m, which came after it forecast setting aside between £3.5bn and £4.5bn in October. ....

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