Lloyds struggles to hire IT director April 8, 2014 Lloyds is having trouble finding a non-executive director who can understand its creaking IT systems and bring the bank into the modern world, its former chairman Sir Win Bischoff said today. Currently its computer setup is made of decades-old systems from several banks, forced together over years of mergers and acquisitions. “They have been bolted [...]
London Report: FTSE 100 ends flat after Lloyds’ drop weighs index down March 26, 2014 SHARES in Lloyds plunged 4.9 per cent yesterday after the government sold a stake in the lender at a discount to its stock price, and held back the UK’s blue chip equity index. The FTSE 100 index, which at one stage rose as much as 0.6 per cent, ended up by just 0.41 points, flat [...]
Lloyds shares plunge 5.8pc after second government stake sale March 26, 2014 Lloyds shares are down 5.8 per cent at 74.7p per share after the government's sale of a 7.8 per cent stake in the bank. The government sold 5.56bn Shares priced at 75.5p each, raising £4.2bn for the treasury. The government's holding in Lloyds has now been reduced to 24.9 per cent from 39 per cent [...]
Treasury selling £4.2bn of stock in Lloyds Bank March 25, 2014 LLOYDS is taking another step towards privatisation as the government last night announced it is selling another 7.5 per cent stake in the bank. The 5.35bn shares are worth around £4.2bn at last night’s closing price of 79.1p – firmly above the 73p the government paid for the stock. However, the large placement of shares [...]
UKFI to sell further 7.5 per cent stake in Lloyds March 25, 2014 UK Financial Investments, the body responsible for the government's stake in state-supported banks RBS and Lloyds, has announced that it intends to sell part of the Treasury's shareholding. Approximately 7.5 per cent of Lloyds is up for grabs, or 5.35bn ordinary shares. That should see the government's stake in Lloyds reduced from 32.7 per cent [...]