Lloyds Banking Group PLC (LLOY.L)
* Intu, Aston Martin skid on mid-caps (Adds company news items, updates to closing prices)
LONDON (Reuters Breakingviews) - Oh dear. Lloyds Banking Group is ending its misssold payment protection insurance scandal as it began – with an almighty slap in shareholders’ faces. The UK’s largest domestic-focused bank on Wednesday revised down full-year returns on tangible equity after it posted a 7% decline in first-half pre-tax profits due to a higher than expected PPI charges. Such ‘one-off’ costs should roll off after an August deadline. But it’s still a dent to CEO Antonio Horta-Osorio
LONDON Lloyds Banking Group played down mounting concerns about Britain's Brexit crisis as it missed first-half profit forecasts due to a much larger than expected charge for mis-selling insurance.
* Shares fall 4% (Adds comments, share price reaction, Brexit impact)
July 31 London's FTSE 100 edged lower on Wednesday, as a results-driven slide in shares of wealth manager St. James's Place and mortgage lender Lloyds overshadowed upbeat forecast from clothing retailer Next.
LONDON Britain's Lloyds Banking Group is in exclusive talks to buy a 3.7 billion pound ($4.50 billion) mortgage book from supermarket giant Tesco's banking arm, Sky News reported on Tuesday.
Lloyds Banking Group has agreed to pay Standard Life Aberdeen 140 million pounds to settle a dispute triggered by the proposed cancellation of a 100 billion pound asset management mandate.
July 24 Lloyds Banking Group has agreed to pay Standard Life Aberdeen 140 million pounds to settle a dispute triggered by the proposed cancellation of a 100 billion pound asset management mandate.
July 24 Standard Life Aberdeen Plc (SLA) will receive 140 million pounds in compensation and continue to manage 35 billion pounds of assets under a settlement of a legal fight with Lloyds Banking Group over a 100 billion pound ($124.43 billion) investment portfolio.
Lloyds Banking Group PLC will pay about 140 million pounds ($174.72 million) to Standard Life Aberdeen PLC (SLA) to settle a legal fight over the future of a 100 billion pound asset management mandate, Sky news reported on Monday.