Tag: Lloyds

21 FEB

Lloyds Bank profits climbed 24% — but it is still feeling the pain from PPI claims

Thomson Reuters Lloyds Bank profits increased 24% in 2017, with the bank bringing in £5.3 billion profit before tax. The bank also started a £1 billion plan to buy back shares. “2017 has been a landmark year for the group,” said Lloyds chief executive Antonio Horta-Osorio. Lloyds Bank annual profits leapt by almost a quarter […]

26 OCT

Lloyds Pharmacy stores closing down: Is YOUR local one of 190 to be SHUT in England?

LloydsPharmacy will cease trading in approximately 190 stores in England, an official document leaked to Twitter confirms. The document was reportedly sent to all branches today.  Across the UK there are more than 1500 pharmacies and the company employs 17,000 staff.  Express.co.uk has asked how many jobs are likely to be lost. Currently, Celesio UK […]

20 OCT

A Lloyd’s report urges insurers to ask “what if?”

ON JULY 7th disaster was narrowly averted when an Air Canada passenger plane, trying to land on a full taxiway at San Francisco airport, pulled up just in time. Five seconds longer, and it might have crashed into fully loaded planes and killed over 500 people, in potentially the deadliest aviation disaster ever. Instead, the […]

11 JUL

Noel Edmonds plans personal TV documentary about £73 MILLON battle with Lloyds

The 68-year-old lost millions of pounds during a fraud case and is now bringing his compensation fight to television screens.  The documentary is said to tell the inside story of his “deep distress and public humiliation” experienced when he went through the fraud case.  It will reportedly also feature interviews with other victims of a […]

19 MAY

The British government sells its last shares in Lloyds bank

IN OCTOBER 2008, amid post-Lehman pandemonium, Britain’s Treasury said it would pump £37bn (then $ 64.4bn) into three big banks: £20bn into the stricken Royal Bank of Scotland (RBS); the rest into Lloyds TSB and HBOS, a sickly rival that ministers had cajoled Lloyds into buying. After rights issues in 2009, in all the state […]

30 MAR

Lloyd’s of London picks Brussels for its post-Brexit presence in EU

Published time: 30 Mar, 2017 11:20 Britain’s 329-year-old insurance market Lloyd’s of London said on Thursday it would open a new European subsidiary in Brussels to avoid losing business when the UK leaves the European Union. Read more According to the company, the new subsidiary will become operational by the start of 2019 and will […]