any one got a feelling in their water how far LLoyds will go looking to to buy but just dont know when they are low enough

Uncrossed under 90p.

I guess no-one believes thwey are (yet) out of the mire despite believing they did the deal of the decade. Sadly, the only "deal of" they did has resulted in their business decaying, hence 'decade' (geddit?).
Stupid management has not been ousted, to be replaced by sane Execs - and anyone that's "sane" will not want to touch this at least until they've fessed-up to further losses as the economy gfalters, despite our PM being plugged into the WWW (-wonderland).
I hold a few of these at a silly loss!

sorry to hear that hangon.......i've no problem with people investing but not the ramping by master on other thread.

if gov could just leave lloy alone i'm sure they will be fine from now on......not plain sailing but will get better

Lloyds Banking In Talks With Rathbone Bros Over Sale Of Assets





LONDON -(Dow Jones)- Lloyds Banking Group PLC (LLOY.LN), the U.K. bank that is partly owned by the U.K. Government, said Thursday it is in discussions with Rathbone Brothers PLC (RAT.LN) regarding the possible sale of assets relating to certain non core private client discretionary investment management activities, principally the Bank of Scotland Portfolio Management Service.

SALE OF HALIFAX ESTATE AGENCY





TIDMLLOY TIDMLSL

RNS Number : 8960A
Lloyds Banking Group PLC
16 October 2009

?



90/09
16 October 2009


LLOYDS BANKING GROUP TO SELL HALIFAX ESTATE AGENCY
Lloyds Banking Group plc announces that it has reached an agreement in principle
to sell the Halifax Estate Agencies Ltd (HEA) business which operates through a
network of 218 offices, including 93 franchise operations, to LSL Property
Services plc (LSL). LSL is the parent company of estate agency brands Your
Move, Reeds Rains and Intercounty.


The proposed transaction is expected to complete in January 2010 and will
involve the assumption of Halifax Estate Agency's assets and liabilities for a
cash consideration of GBP1. The effect on the Lloyds Banking Group accounts is
not expected to be material. The Halifax brand is not included in the sale and,
in time, the Halifax Estate Agency offices will be rebranded to either Your
Move, Reeds Rains or Intercounty.

Rathbone Brothers Plc agrees to acquire certain private client funds from Lloyds Banking Group and enters into exclusive distribution agreement.

LLOYDS BANKING GROUP ANNOUNCES SALE OF CERTAIN NON CORE DISCRETIONARY INVESTMENT MANAGEMENT ACTIVITIES

Lloyds seeks 23bn to exit state scheme

UK Banks To Give More And Standardized Disclosure Information





By Margot Patrick
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- Major U.K. banks will give investors more details and standardized explanations of how they value illiquid assets and otherwise mark their books, under a new regulatory code designed after confidence ebbed in banks' accounting practices during the financial crisis.

The new code, created by the U.K. Financial Services Authority, requires banks to clearly "tell a story" of their business performance in a reporting period, and to give detailed disclosure on their accounting policies and how and why a particular policy is applied to assets or liabilities.

It falls short, though, of requiring banks to start publishing quarterly financial statements, allowing them instead to continue publishing first- and third-quarter trading updates that may include no or few profit-and-loss numbers.

Though the code is still in draft form and out for consultation with banks, the FSA said Abbey National PLC, Barclays PLC (BCS), HSBC Holdings PLC (HBC), Lloyds Banking Group PLC (LYG), Nationwide Building Society, Standard Chartered PLC (STAN.LN) and Royal Bank of Scotland Group PLC (RBS) have agreed to implement it in their 2009 annual reports.

In adopting the code, the banks agree to provide "high-quality, meaningful and decision-useful disclosures to users to help them understand the financial position, performance and changes in the financial position of their businesses," the FSA said.

While banks will have discretion - beyond required regulatory and accounting standards - on the level of details they give on various parts of their businesses and assets, disclosures should "be made at an appropriate level of granularity to aid understanding of the information or activity being explained."

Under the code, banks will look to make it easier for investors to compare disclosure across the U.K. banking sector, by putting in place consistent approaches to how assets and liabilities are valued, and including a glossary of terms in financial reports.

Other key principles include considering going beyond what is required under international reporting and regulatory standards, and continually reviewing how disclosure could be enhanced on areas of particular interest, to help shareholders better understand their businesses and exposures.

Banks should also make it clear in annual reports whether information is audited or not.

Paul Chisnall, executive director for financial policy and operations at the British Bankers' Association - which helped draft the principles based on the code - said U.K. banks accept there is a "great deal of interest" in their financial positions and are committed to providing strong disclosure.

"Nevertheless, they recognize the need to guard against complacency and are happy to formalize their past practice of working through the BBA to identify new trends, understand new requirements and enhance the comparability of their financial statements," he said.

The FSA is launching the code after an earlier review of the regulatory response to the global banking crisis found investors' confidence in financial reports had hit a low despite banks' efforts to give more details on struggling parts of their businesses.

Regulators are grappling globally with how to better supervise banks and whether to put limits on some of their practices to try to avert another financial crisis.

Company Web site: http://www.fsa.gov.uk

timber!!!

cup and handle....lol.....full of alcohol with master.

lloy is in deep trouble................could be nationalised in future

from a chartist point of view we appear to have a head and shoulders top, Confirmed.
by a) the overhead daily gap having been "filled" and representing the "high" of the right shoulder thus leaving the field clear for price to resume its directional momentum. i.e.down
and b) a penetration of the " neck line" at the 87 support level having been broken.
additionally we have now broken through the weekly up trend line situated at circa 88.
this breakdown will not however be confirmed until we see this fridays closing price.
if it holds then we may well see a major rally.
as always , if this then that etc. dyor. too liitle time and too little space to explain all.
regards
jkd

RNS Number : 5826B
Lloyds Banking Group PLC
29 October 2009

96/09 29 October 2009

LLOYDS BANKING GROUP

Lloyds Banking Group (Lloyds) notes recent media speculation regarding its proposed potential participation in the Government Asset Protection Scheme (GAPS). Lloyds is in advanced discussions with HM Treasury, UK Financial Investments and the Financial Services Authority regarding alternatives to participation in GAPS.

Lloyds believes that any alternative proposals to GAPS would be likely to include a substantial capital raising of core tier 1 and contingent core tier 1 capital to increase the Group's capital ratios to an appropriate level of strength and flexibility, and would provide a strong capital base for the future stability and success of the Group. The alternative proposals would also meet the FSA's requirements for stressed economic conditions.

Capital raising options currently under consideration include a combination of raising immediately available core tier 1 capital by way of a rights issue and generating contingent core tier 1 and/or core tier 1 capital through the exchange of certain existing Group capital securities. The capital raisings contemplated are expected to be fully underwritten and will be subject to shareholder approval.

Should Lloyds not enter into GAPS it expects it will be required to pay HM Treasury a fee in recognition of the value of the implicit guarantee Lloyds has benefited from since the announcement of its intended participation in GAPS in March 2009. There can be no certainty at this stage that any alternative to GAPS will proceed. All options remain open.

Lloyds also notes recent media speculation regarding its discussions with the European Commission regarding the terms of the restructuring plan to address the state aid which has been received by the Group. Lloyds confirms that it is in advanced discussions with the European Commission and further details will be announced in due course. Based on the discussions to date it is confident that the final terms of its restructuring plan, including any required divestments of assets, will not have a material impact on the Group. The Group remains confident that it will meet its commitment to deliver more than 1.5 billion run-rate synergies and other operating efficiencies by the end of 2011, notwithstanding the impact of the expected state aid remedies.

The Group continues to trade satisfactorily. It has delivered a robust trading performance over the last few months and continues to deliver in line with recent guidance.


A further announcement will be made as appropriate.

In auction.

Lloyds shareholders impressed as shake-up details begin to emerge

EU To Make A Final Decision On Lloyds In Coming Weeks


BRUSSELS -(Dow Jones)- European Commission competition authorities hope to make a decision on Lloyds Banking Group PLC (LLOY.LN) restructuring plans in the coming weeks, a commission spokesman said Friday.

The commission has made "good progress" on its talks with Lloyds over the restructuring deal and "hope to take a decision in the next coming weeks," Jonathan Todd, the commission's competition spokesman said.

Lloyds is about to launch a multi billion-pound rights issue as part of efforts to exit the U.K. government bailout program it agreed to participate in last spring, when the banking sector was in crisis. The bank also hopes fresh capital will help limit any divestments it might have to make as part of its restructuring plan.

Under the rights issue, the U.K. government, which owns 43% of Lloyds, would have to invest around an additional GBP5 billion in Lloyds to keep its stake intact.

The U.K. government has so far given Lloyds some GBP17 billion in state aid, including money invested in HBOS PLC (HBOS-LN), which Lloyds later acquired.

Talks on another U.K. bank which also needs to have its restructuring plan approved by the commission, Royal Bank of Scotland Group (RBS), are ongoing Todd said.

UPDATE: UK To Announce Lloyds, RBS Revamps Tuesday - Government Source





By Margot Patrick
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- Sweeping plans to recapitalize and restructure Royal Bank of Scotland Group PLC (RBS) and Lloyds Banking Group PLC (LYG) are to be announced by the U.K. government Tuesday, a person familiar with the matter said Monday, in a series of measures that will shake up the nation's banking sector and nearly double taxpayers' exposure to the two banks rescued from potential collapse a year ago.

The plans are expected to include RBS issuing about GBP19 billion in new shares, raising the government's stake above 80%, from 70%. Lloyds will launch a roughly GBP13 billion rights issue the government will subscribe to for about GBP5.5 billion, keeping its 43.5% stake intact.

The government will also agree to insure a GBP280 billion book comprising some of RBS' riskiest loans and investments, people familiar with the matter say, though RBS will be on the hook for a larger chunk--about GBP60 billion--of any initial losses than when the insurance program was first agreed in February. Additional shares could be issued to pay annual fees for the policy, to total around GBP6.5 billion in all.

Lloyds, meanwhile, will side step its own March plan for a similar government insurance policy, a person familiar with the matter said, instead paying about GBP2.5 billion to the government as a sort of "break fee" for having provided it with backstop support since then.

The moves mean government support for the two banks could rise above GBP63 billion, though the final structure of the deals, and any payout on the RBS assets will determine the ultimate figure.

U.K. banks were some of the hardest hit by market turmoil last year, as investors lost confidence in their ability to withstand a prolonged recession and liquidity dried up.

The government in October 2008 invested GBP20 billion into RBS and GBP17 billion in Lloyds to help them keep lending to businesses and home buyers and make it through the then-deepening financial crisis. Lloyds later paid back about GBP2.3 billion.

Last week, the U.K. Treasury agreed to put as much as GBP12 billion in new money into Northern Rock PLC, the mortgage lender it nationalized in Feb. 2008 and which already has a GBP15 billion loan outstanding. Other government commitments in the banking sector include a GBP18.4 billion loan to fund the nationalized portion of lender Bradford & Bingley, whose mortgage book is being wound down by the state.

The massive state aid meant the U.K. had to lay out to the European Union how the banks could be restructured to ensure their long-term viability, a process that involved bashing out what disposals the banks would have to make to keep the U.K. banking sector competitive.

RBS earlier Monday said it will have to make more divestments than initially thought. Previously it had said it would have to reduce its market share in lending to small businesses. Lloyds, however, Thursday said it doesn't expect disposals to have a material impact on its business.

The two banks have hefty market share in a number of key areas, including RBS controlling about 20% of lending to small businesses, and Lloyds holding about 30% of both the current account and mortgage markets after its merger in January with HBOS PLC.

Lloyds' merger with HBOS was pushed through by the government as the bail-out money was handed out last October. Chancellor Alistair Darling on Sunday said breaking up Lloyds, RBS and Northern Rock will help create three new lenders by 2013, boosting competition.

Tuesday's announcement is to come as the U.K. prepares to host meetings of G20 finance ministers and central bankers in Scotland this coming weekend. The U.K. is keen to show it is serious about reforming its financial sector and is urging other nations to move quickly to shore up their banks to face remaining challenges from the financial crisis.

-By Margot Patrick, Dow Jones Newswires; +44 (0)20 7842 9451; margot.patrick@dowjones.com

Govt announcement on banks.

Lloyds Banking Continued To Deliver Good Revenue In 3Q





LONDON -(Dow Jones)- Lloyds Banking Group PLC (LLOY.LN), the U.K. bank that is partly owned by the U.K. Government, said Tuesday that it continued to deliver a good revenue performance in the third quarter of 2009, with similar trends, excluding gains on liability management transactions, to those delivered in the first half of the year.

MAIN FACTS:

-Banking net interest margin has shown clear signs of stabilising and was flat in the third quarter of 2009, compared to the first half of the year.

-Costs in the nine months to Sept. 30 were 2% lower than in the equivalent prior period.

-Excellent progress has continued to be made on the integration of the enlarged Group, with the achievement of GBP50 million higher run-rate cost synergies than those previously announced.

-The run-rate of overall impairments has slowed in the third quarter of the year; Continues to expect impairments to fall significantly in the second half of 2009, compared to the first half of the year.

-Continues to expect the Group to report a loss before tax for 2009, excluding the impact of the GBP11.2 billion credit relating to negative goodwill.

-Core relationship businesses have, once again, performed well with good revenue growth, as margins begin to stabilise, and achieved a strong cost performance.

Lloyds Banking Group David Manning To Step Down

LONDON -(Dow Jones)- Lloyds Banking Group PLC (LLOY.LN), the U.K. Bank that is partly owned by the Government, said Tuesday that Sir David Manning has informed the Group of his intention to step down from the Board with immediate effect.

both LLOY and RBS "agreeing" to sell part of retail networks (+other bits) off to appease the EU. Both probably around 5% of mkt share, so look forward to seeing some Tesco banks on the high street, and likely beardy branson shops too. Both will look to pick these up on the cheap, and then undercut the established players to nick the better customers. Look forward to getting 5 off your mortgate every month, and another 20p on your savings account. In the meantime , the 20k odd per head the govt has stuffed into the 2 big banks (i.e we as taxpayers have invested! ) will be at risk as their profits come under pressure from the new entrants.

Surely the govt can see the best way to get back some serious dosh is to let LLOY and RBS make a load of money in the next few years (as they have started to do now); let the shareprices recover 5-fold, then sell the shares they / we own. Job done, budget deficit sorted.

At least the incumbents have got 4 years to organise the sales! Hopefully they will drag their feet.