Over 100 Lloyds, Halifax and Bank of Scotland branches to close January 29, 2025 More than 100 Lloyds, Halifax and Bank of Scotland high street branches are to close, it has been announced. Lloyds Banking Group has confirmed it will shut 136 more high street branches as it accelerates plans to cut costs and digitise. It will close 61 Lloyds, 61 Halifax and 14 Bank of Scotland branches between [...]
Pension industry backs Reeves’ £160bn investment drive January 28, 2025 The pensions industry has said it is willing to back the Chancellor Rachel Reeves’ plans to unlock up to £160bn in corporate surpluses if retirees are given “appropriate protection” by the government. Reeves and the Prime Minister Keir Starmer are set to meet with business leaders in Canada today to outline pension [...]
Barclays analysts: Lloyds and Natwest shares are ‘too good to ignore’ January 17, 2025 "A repricing higher in UK rates expectations sees us lift our NII estimates," Aman Rakkar and Grace Dargan wrote in a note published today.
The Debate: Will RTO mandates help or harm businesses? January 16, 2025 RTO mandates are riling up employees, but are businesses right to clamp down on working from home? Our writers hash it out in The Debate.
Lloyds Bank ties bonuses to office attendance January 14, 2025 The Guardian reported that Lloyds is reviewing office attendance as part of its bonus targets for around 60,000 of its most senior employees.
Trufin: Balatro poker craze boosts finance company to profit January 6, 2025 Financial services firm Trufin is set to announce an adjusted profit before tax “significantly ahead of market expectations” thanks to its video game arm publishing the indie hit Balatro. Trufin is now preparing to report its first ever full year profit, a year earlier than had been expected. While the group is primarily known as [...]
Relief for Reeves as business outlook brightens for new year December 30, 2024 UK businesses have defied the negative sentiment which has defined the latter part of the year and predicted an upswing in 2025. More UK businesses are expecting a stronger start to 2025 than they did entering 2024, new research from Lloyds Business Barometer has found. Seven in ten UK businesses expect to see their turnover [...]
Business confidence ended 2024 at low point on jobs and prices fears December 23, 2024 Business confidence fell to its lowest level in 2024 during December, as fears around layoffs and price increases hurt opportunity for business growth. Business confidence ticked down by two points to 39 per cent this month, though remained above the long-term average of 29 per cent, according to the latest Lloyds Business Barometer. “While there [...]
Lloyds boss says motor finance scandal poses threat to UK economy December 4, 2024 The chief executive of Lloyds Banking Group has warned that controversy over now-banned motor finance deals poses a threat to the UK economy. Speaking at the Financial Times’ Global Banking Summit on Wednesday, Charlie Nunn said a shock court ruling in October over ‘secret’ car loan commissions “creates an investability problem” for Britain’s wider consumer [...]
Lloyds to replace senior staff’s union negotiations with ‘people forums’ November 13, 2024 Lloyds Banking Group is to stop recognising the trade union membership of some senior employees by replacing union negotiations with so-called “people forums”.
