{
}
Lloyds has successfully completed two longevity hedging transactions valued at £5.1 billion. These third and fourth transactions are designed to protect pension schemes from the financial impact of unexpected increases in life expectancy, securing benefits for 15 pensioners and eight deferred scheme members.
Britain's Prudential Regulation Authority has proposed increasing the deposit protection limit for savers from £85,000 to £110,000 in the event of a bank failure. This change aims to enhance financial security for consumers, reflecting the evolving economic landscape. The current limit has been in place since 2017.
AIB Group plc has announced that Bank of America has increased its voting rights in the company to 3.766% through financial instruments, marking a significant rise from 0.472% to 2.146%. This change may influence AIB Group's shareholder dynamics and strategic decisions, given the substantial stake held by the financial institution. AIB Group primarily offers banking services in Ireland and the UK.
Barclays has downgraded the European automotive sector to a Negative outlook due to concerns over tariff risks. This decision reflects growing apprehension about the potential impact of trade policies on the industry’s performance.
A multi-billion pound case involving Barclays, Lloyds, and NatWest is set to reach the Supreme Court, stemming from consumer claims against lenders for undisclosed broker commissions in motor finance products. The Court of Appeal previously ruled such commissions unlawful unless transparently disclosed, a decision now under appeal. Analysts warn that a broad ruling could impact mortgage lenders, as many past broker remuneration arrangements may not comply with current standards.
Evercore ISI raised its price target for TechnipFMC from $37 to $39, maintaining an "outperform" rating, while Goldman Sachs initiated coverage with a "buy" rating at $38. Despite two analysts rating the stock as a hold, the consensus remains a "Moderate Buy" with an average target of $36.31. Recent insider transactions saw significant share sales, with JPMorgan reducing its stake by 22.9%, while Vanguard increased its holdings by 4.1%. TechnipFMC declared a quarterly dividend of $0.05, reflecting a yield of 0.64%.
The Hartford Financial Services Group reported a quarterly earnings per share of $2.94, exceeding estimates, and declared a $0.52 dividend, yielding 1.70%. Recent insider trades include a 29.32% reduction in shares by an executive vice president and a 31.4% decrease by JPMorgan Chase. The stock has a current rating of "Moderate Buy" with a target price of $122.94.
Lloyds Banking Group Pensions Trustees Limited has secured two longevity swaps totaling £5.1bn to cover pensioner liabilities in its schemes. The transactions, involving Rothesay Life Plc and reinsurance from Pacific Life Re and Prudential Financial, aim to mitigate risks associated with increasing life expectancy without altering member benefits. Trustee director Vicky Paramour emphasized the importance of these deals in enhancing the security of the pension schemes.
The Biopharmaceutical Contract Manufacturing Market is experiencing significant growth, driven by increased demand, technological advancements, and a broadening customer base. A comprehensive report analyzes market trends, competitive landscapes, and future growth prospects, highlighting key players such as Lonza Group Ltd. and Boehringer Ingelheim. The report also delves into market segmentation by contract type, product type, and therapeutic applications, providing valuable insights for stakeholders.
Capital One Financial reported a quarterly EPS of $3.09, exceeding estimates of $2.78, with revenues of $10.19 billion, slightly below expectations. The company announced a quarterly dividend of $0.60 per share, reflecting a 1.38% yield, and has a return on equity of 9.45%. Analysts project a 15.65 EPS for the current year, with a "Moderate Buy" rating and an average target price of $206.63.
GBR
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Lloyds finalizes two longevity hedging deals worth 5.1 billion pounds
11:20 31.03.2025
UK regulator proposes increase in bank deposit protection limit to 110000 pounds
11:15 31.03.2025
bank of america boosts stake in aib group to 3766 percent
11:13 31.03.2025
Barclays lowers outlook for European automotive sector due to tariff concerns
11:00 31.03.2025
Supreme Court to hear landmark case on undisclosed finance commissions
British Pound Sterling
Barclays PLC
Firstrand Ltd
Close Brothers Group plc
Banco Santander, S.A.
NatWest Group plc
GBR
Benjamin Toms
Howard Davies
Show more
10:31 31.03.2025
analysts raise ratings and price targets for technipfmc shares
United States Dollar
TechnipFMC plc
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Franklin Resources Inc
GBR
David Light
Eleazar de Carvalho Filho
Show more
10:28 31.03.2025
executive vice president reduces stake in the hartford financial services group
10:28 31.03.2025
Lloyds pension trustees secure £5.1bn in longevity swaps for member protection
British Pound Sterling
Lloyds Banking Group plc
Eversheds Sutherland Ltd.
Rothesay Life plc
Prudential Financial, Inc.
GBR
Matt Wiberg
Ben Howe
Vicky Paramour
Howie Timothy
Show more
10:19 31.03.2025
biopharmaceutical contract manufacturing market poised for significant growth through 2032
10:01 31.03.2025
capital one financial reports strong earnings and announces quarterly dividend
09:45 31.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
CEO Changes
Global Trade Developments
Financial Scams and Security
Market Analysis and Predictions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Supply Chain Management
Domestic Politics
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Barclays PLC
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Strategic Income I
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Swiss Re AG
Beazley plc
UBS AG
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Canadian Dollar
Australian Dollar
United Arab Emirates Dirham
Saudi Riyal
Danish Krone
Offshore Chinese Yuan
Mexican Peso
Indonesian Rupiah
South Korean Won
Malaysian Ringgit
Vietnamese Đồng
New Zealand Dollar
People: