{
}
Lloyds Banking Group plc has a consensus rating of "Hold" with an average price target of $2.75. The company reported a quarterly earnings miss, with EPS of $0.05 against an estimate of $0.08, and announced a dividend increase to $0.1035, yielding 4%. Institutional investors hold 2.15% of the stock, which opened at $3.78, reflecting a market cap of $57.34 billion.
Lloyds Banking Group PLC has executed a share buyback, acquiring 6,650,458 ordinary shares from Morgan Stanley & Co. International plc. This initiative is part of the company's strategy to enhance shareholder value and optimize its capital structure by canceling the repurchased shares.
Major banks in the UK, including Banco Santander, Lloyds, and NatWest, are accelerating branch closures, with Santander shutting 95 branches and Lloyds planning to close 136 by 2026, impacting hundreds of jobs. This trend has contributed to a net reduction of 1,795 outlets in 2021 and 2022, alongside the closure of 12,804 chain stores in 2024, as retailers face rising costs and profit margin pressures. Sectors like pubs and pharmacies are particularly affected, with Boots and Lloyds Pharmacy also scaling back their high street presence.
Lloyds Banking Group has expanded its collaboration with Oracle to enhance its multicloud strategy by adopting Oracle Database@Azure and Oracle Exadata Cloud@Customer. This move accelerates its cloud migration, enabling faster delivery of new products and improved customer experiences while leveraging Oracle's distributed cloud capabilities. The partnership aims to boost performance, security, and innovation in the rapidly evolving financial services sector.
Lloyds Banking Group is enhancing its multicloud strategy by migrating its Oracle databases to Oracle Database@Azure, utilizing Oracle Exadata Cloud@Customer for on-premises operations. This collaboration with Oracle aims to accelerate cloud adoption, improve service performance, and deliver innovative products faster, ultimately enhancing customer experience.
NatWest is set to close six branches next month, continuing a trend of reductions in its physical network due to the rise of online banking, with over 1,400 branches shut since 2015. The bank, which has seen 90% of its 19 million customers primarily using digital services, plans to invest over £20 million in enhancing its remaining branches and services. Other banks, including Santander and Lloyds, are also reducing their branch networks, reflecting a broader industry shift.
UK banks, including Barclays, Lloyds, and NatWest, are set to gain over £50bn from structural hedging, a strategy that manages interest rate risk through interest rate swaps. This approach, particularly the "caterpillar" hedge, allows banks to stabilize revenues and predict profitability amid fluctuating rates. Analysts highlight the varying strategies among banks, with Lloyds employing a dynamic method, while Barclays and NatWest favor a more mechanical approach, positioning them well for future interest rate changes.
Lloyds Banking Group's Build To Rent division is partnering with Reposit to offer renters a deposit alternative for over 5,000 properties. Instead of a traditional five-week cash deposit, residents can pay a non-refundable fee equivalent to one week’s rent, enhancing flexibility and accessibility in the rental market. This FCA-regulated solution aims to reduce administrative burdens and improve occupancy rates for operators while benefiting residents.
Lloyds Banking Group PLC has announced the purchase of 7,454,555 ordinary shares as part of its share buyback program, executed through Morgan Stanley & Co. International plc. This initiative aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and improving market positioning. The company, a leading financial services provider in the UK, offers a wide range of banking and financial products to individuals and businesses.
Lloyds Banking Group plans to close 252 branches of Lloyds Bank, Halifax, and Bank of Scotland in 2025 and 2026, driven by the shift towards online and mobile banking. Since January 2015, over 6,200 bank branches have been shut across the UK, averaging 53 closures monthly. A list of specific branches closing in April, along with their addresses and closure dates, has been provided.
Lloyds Banking Group plc
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
lloyds banking group maintains hold rating with increased dividend announcement
08:20 21.03.2025
Lloyds Banking Group initiates share buyback to boost shareholder value
18:38 20.03.2025
bank branch closures intensify as high street retailers face mounting pressures
British Pound Sterling
Banco Santander, S.A.
NatWest Group plc
Lloyds Banking Group plc
Lloyds Pharmacy Ltd.
GBR
Zelf Hussain
Show more
17:34 20.03.2025
lloyds banking group enhances cloud strategy with oracle collaboration
10:45 20.03.2025
Lloyds Banking Group enhances cloud strategy with Oracle Database on Azure
Lloyds Banking Group plc
Microsoft Corporation
Oracle AI USD
USA
GBR
Richard Smith
Joe Soule
Show more
10:45 20.03.2025
natwest to close six more branches as digital banking rises
British Pound Sterling
Barclays PLC
Lloyds Banking Group plc
Banco Santander, S.A.
NatWest Group plc
GBR
Show more
10:23 20.03.2025
uk banks poised for gains through structural hedging strategies
British Pound Sterling
Barclays PLC
Silicon Valley Bank N.A.
Virgin Money Bond
NatWest Group plc
Nationwide Bailard Intl Eqs R6
Deutsche Bank RV Global PP
Lloyds Banking Group plc
USA
GBR
Clifford Abrahams
Benjamin Toms
Rob Noble
C. S. Venkatakrishnan
Andrew Coombs
Aman Rakkar
John Cronin
Jonathan Pierce
Show more
06:00 20.03.2025
lloyds banking group introduces deposit alternative for renters in build to rent sector
01:04 20.03.2025
Lloyds Banking Group initiates share buyback to boost shareholder value
18:57 19.03.2025
Lloyds Banking Group to close 252 branches in 2025 and 2026
18:57 19.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Industry Mergers & Acquisitions
Central Bank Actions
Global Trade Developments
GDP Growth & Recession Forecasts
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Workplace Trends
Government Policies
Government Economic Policies
Startups & Entrepreneurship
Supply Chain Management
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Lux Digital Healt
Banco Santander, S.A.
Microsoft Corporation
BNP Paribas SA
UBS Group AG
UniCredit S.p.A.
Amazon.com, Inc.
Credit Suisse Strategic Income I
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: