Lloyds Banking Group (LLOY)

Sector:

Banking

Index:

FTSE 100

51.88p
   
  • Change Today:
    -0.42p
  • 52 Week High: 53.96p
  • 52 Week Low: 39.76p
  • Currency: UK Pounds
  • Shares Issued: 63,232m
  • Volume: 174,641,288
  • Market Cap: £32,805m
  • RiskGrade: 208

Royal London tabling bid to buy bulk annuities from Lloyds - report

By Benjamin Chiou

Date: Thursday 04 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Life insurance, pensions and investments group Royal London is in discussions to purchase Scottish Widows' bulk annuities arm, according to Sky News.
The £6bn portfolio is wholly owned by Lloyds Banking Group and could receive bids from "a small number of parties" next week, Sky News reported, citing unnamed city sources.

Specialist insurance group Rothesay is also among the companies rumoured to be considering an offer.

Scottish Widows, founded in 1815, was taken over by Lloyds Banking Group back in 2000 in a deal worth £7bn at the time, and entered the bulk annuity market in 2015.

Lloyds was reportedly exploring options regarding a sale of Scottish Widows bulk annuities arm in November, allowing it to focus on its core workplace, individual pensions and direct-to-consumer insurance, and investments products, Sky News said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Lloyds Market Data

Currency UK Pounds
Share Price 51.88p
Change Today -0.42p
% Change -0.80 %
52 Week High 53.96p
52 Week Low 39.76p
Volume 174,641,288
Shares Issued 63,232m
Market Cap £32,805m
RiskGrade 208

Lloyds Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.14% above the market average86.14% above the market average86.14% above the market average86.14% above the market average86.14% above the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Price Trend
72.33% above the market average72.33% above the market average72.33% above the market average72.33% above the market average72.33% above the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Income
93.99% above the market average93.99% above the market average93.99% above the market average93.99% above the market average93.99% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
58.30% above the market average58.30% above the market average58.30% above the market average58.30% above the market average58.30% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 6
Sell 1
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Lloyds Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 03-Aug-23
Paid 21-May-24 12-Sep-23
Amount 1.84p 0.92p

Trades for 29-Apr-2024

Time Volume / Share Price
15:53 11 @ 51.90p
15:53 6 @ 51.90p
15:53 6 @ 51.90p
15:53 11 @ 51.90p
15:59 6 @ 51.98p

Lloyds Key Personnel

Chair Robin Budenberg

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