|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||0.5500 - 0.5500|
|52-week range||0.4300 - 0.7600|
|Beta (5Y monthly)||1.19|
|PE ratio (TTM)||7.86|
|Forward dividend & yield||0.03 (4.71%)|
|Ex-dividend date||04 Aug 2022|
|1y target est||N/A|
Lloyds Banking Group’s pension scheme sold billions of pounds of assets to meet collateral calls during September’s market crisis, one of the biggest known sell-offs by a corporate plan. Details of the scale of asset disposals were revealed in a submission made to the work and pensions select committee by the partner of the head of Lloyds’ £52bn retirement scheme. In evidence to MPs, Henry Tapper, founder of AgeWage, which provides pension market analysis, said he lived with the chief executive of a large defined benefit plan “which needed to liquidate a large proportion of its equity holdings and seek a line of credit from its sponsor”, during the market rout.
The chief executive of Lloyds Banking Group has warned that political uncertainty, regulatory costs and a lack of focus on competitiveness in the UK are holding back international investment in the country’s banks. Nunn visited US investors the week after former chancellor Kwasi Kwarteng’s disastrous “mini” Budget in September and found the budget had caused a “significant drop off in certainty”.
(Bloomberg) -- Lloyds Banking Group Plc is stepping up help for struggling customers, including mortgage relief, during the UK’s heightened economic stress, according to Chief Executive Officer Charlie Nunn. Most Read from BloombergApple to Lose 6 Million iPhone Pros From Tumult at China PlantExpats Rank the Best and Worst Cities to Live and WorkScientists Revive 48,500-Year-Old ‘Zombie Virus’ Buried in IceThis Is Where Luxury Property Prices May Rise and Fall the Most in 2023The bank is talking