Barratt Developments to partner with Lloyds and Homes England on housing project September 9, 2024 Barratt Developments has announced a joint venture with Homes England and Lloyds Bank to build thousands of new homes across the country. The partnership will bring together Barratt, one of the UK’s leading housebuilders, Homes England, the government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders [...]
Lloyds Bank and Nationwide hit by online issues as Microsoft reports outage September 2, 2024 Lloyds Bank and Nationwide have apologised to customers for issues affecting their online services amid a report from Microsoft about a fresh outage that affected its public cloud computing platform.
Profit slumps by over £400m at Lloyds-owned car leasing firm August 27, 2024 Profit at the car leasing company owned by Lloyds Bank slumped by more than £400m during 2023, it has been revealed. Lex Autolease, which is headquartered in London, has posted a pre-tax profit of £124.4m for its latest financial year, according to newly-filed accounts with Companies House. The new total comes after the business posted [...]
Lloyds Bank hires Amazon Web Services exec for first new AI director role August 5, 2024 Like many other businesses, banks are looking to use AI to improve stagnant productivity growth and cut costs.
Lloyds Bank urges Premier League football fans to avoid ticket scams August 3, 2024 Football fans are being warned by Lloyds Bank to watch out for ticket scams, after it recorded a jump in cases.
Growth in UK manufacturing sector reaches two-year high giving firms ‘breathing space’ August 1, 2024 The UK manufacturing sector continued on the up, with production growth at its fastest since February 2022, a closely watched survey has shown. S&P’s purchasing managers’ index (PMI) for the manufacturing sector registered 52.1 in July, up from 50.9 in June and above flash estimates of 51.8. The PMI has remained above the neutral 50 [...]
Lloyds Bank profit slides as interest rate boom slows July 25, 2024 Lloyds Banking Group recorded a slide in profit in the first half of the year after a surge in costs and a slowdown in the amount of cash it was making on the back of interest rates. The group – which owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows – reported a pretax [...]
Business confidence falls from May’s eight year high in June June 28, 2024 Business confidence fell notably from May's eight year high in June, a closely watched survey suggests, but remains well above the long-term average.
Euro 2024 effect: Brits more than double their spending on ‘all things football’ June 20, 2024 With Euro 2024 now in full swing Brits have more than doubled the amount they're shelling out on football-related purchases with match tickets, merchandise and pre-game pints all driving up consumer spending.
Lloyds to reopen new City headquarters this year as it cuts office space June 13, 2024 Lloyds Banking Group plans to move thousands of workers back into a refurbished City base later this year as it focuses on reducing office space.