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The Latest Breaking News from Lloyds

Sale of Telegraph Group "still wide open" -- bankers

THE race to land ownership of The Telegraph Group remains wide open City bankers insist in the face of reports that an Abu-Dhabi backed fund is close to taking control.

Evening Standard

Axel Springer’s Telegraph bid in doubt over ‘digital-only’ future

Head of German-based group tells Politico podcast its strategy is to grow its digital media

The Guardian - UK

NatWest shares plunge after bank downgrades profit outlook

Competition for savers’ cash is putting pressure on its finances, says group

The Guardian - UK

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Barclay family’s £1bn ‘back door’ offer for Telegraph alarms rival bidders

Source close to process says there are concerns offer could have ‘chilling affect’ on auction for media group

The Guardian - UK

Lloyds Bank: UK economy to grow but house prices to keep falling

LLOYDS BANK doubled its forecast for UK economic growth this year and insisted that consumers remain resilient in the face of gloomy predictions for the jobs market and global political strife.

Evening Standard

UK house prices will not stop falling until 2025, Lloyds predicts

Britain’s biggest mortgage lender forecasts 5% drop over this year and another 2.4% decline in 2024

The Guardian - UK

Banks face $2bn Twitter losses says report; Canary Wharf owners inject £400m – as it happened

Live, rolling coverage of business, economics and financial markets as Lloyds Banking Group says UK house prices to fall and Boeing cuts 737 Max target

The Guardian - UK

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Lloyds Bank says UK economy improving slightly - on course to avoid recession

Lloyds Bank, Britain’s biggest high street bank, thinks the UK’s economic position is modestly improving and that the nation remains on track to avoid a recession.

Evening Standard

Lloyds bank closure made cancelling housebound husband’s standing order a real trial

Our town’s branch has shut but when I went to the nearest one 10 miles away they said they couldn’t stop the payment

The Guardian - UK

Mortgage debts and bust firms put UK banks’ profits under pressure

With the big lenders reporting their results this week, investors are trying to stay optimistic and hoping there will be no more crises

The Guardian - UK

Sale of Telegraph newspapers and Spectator kicks off

Last-ditch attempt by Barclay family to shut down auction with blockbuster £1bn offer thwarted

The Guardian - UK

Why own a newspaper in 2023? Ask the very rich men trying to buy the Telegraph

With debts of £1bn, this isn’t some ordinary financial asset. The desire to own the papers says more about power than profit, says Guardian columnist Jane Martinson

The Guardian - UK

Barclay family table £1bn bid to regain control of Telegraph

Family that formerly controlled media group attempt to deter rival bidders with Abu Dhabi-backed offer

The Guardian - UK

Nigel Farage opens new bank account with Lloyds

The former Ukip leader said that his ‘banking issues are now over’.

The Independent UK

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The Conversation

Bank CEOs set the tone from the top when it comes to risky behaviour — new research

Metro Bank positioned itself as “a fresh start to banking” when it launched in the wake of the 2008 global financial crisis. It was set up in 2010 as a challenger to the “big five” banks dominating the UK market post-crisis: HSBC, NatWest, Lloyds, Barclays and Santander.

Evening Standard

The Telegraph has drawn a glittering array of bidders. But which will win?

Profitable and influential, the Telegraph is far from a distressed asset

The Independent UK

Six high-street banks given ‘red’ warning over eco policies, Which? reveals

JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were criticised by the consumer champion.

The Guardian - UK

Childcare costs ‘soaring by £600-plus a month’ as firms insist on return to office

Survey finds parents under pressure, as second study finds some are leaving workforce because of costs

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Evening Standard

Huge boost for vegan trainers brand worn by Leonardo DiCaprio and Princess Eugenie

Lloyds Bank and Channel 4 are awarding free TV advertising to north London company LØCI, which was also given £4m in investment by DiCaprio

The Guardian - UK

Daily Mail owner looks to Middle Eastern backers over Telegraph bid

Lord Rothermere is second potential suitor to turn to oil-rich region for financial support

The Guardian - UK

Nadhim Zahawi in line to become chair of Telegraph titles, say reports

MP said to be brokering deal between UAE investors and Barclay family as former owners attempt to regain control of media group

The Guardian - UK

Barclay family aim to regain Telegraph control with UAE backing – report

Family are said to have secured investment from anonymous backers based in Abu Dhabi

The Guardian - UK

National Trust resists pressure to ditch Barclays over environmental concerns

Attempt to cut ties with bank, which directly invests in new fossil fuel projects, fails at AGM

The Guardian - UK

Fake or not fake? Booking.com’s hotel or apartment was ‘a private house’

On arrival in Paris guests had to find alternative accommodation but a refund has been refused

The National (Scotland)

Scotsman owner signals interest in buying the Daily Telegraph

The owner of the Scotsman and the Yorkshire Post has indicated it could be interested in buying the Daily Telegraph and Sunday Telegraph if the…

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