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Lloyds posts 23% jump in profits

Lloyds Banking Group’s pre-tax profits have jumped 23 per cent to hit £1.6bn for the quarter, latest results show. For the three months to the end of March, the bank has reported net income of £4,3bn, up 4 per cent year on year, as Lloyds sounded a bullish note on the prospects for the UK […]

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Standard Life Aberdeen fights back against Lloyds’ asset pull

Standard Life Aberdeen has hit back against Lloyds terminating investment management arrangements worth £109bn, saying the merged company is not in competition with the bank. In February, the Scottish Widows Investment Partnership assets were pulled because Lloyds saw Standard Life as a rival. In a stock exchange update today, Standard Life Aberdeen says it and […]

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FSCS pays out £5.7m compensation to Strand Capital customers

The Financial Services Compensation Scheme has paid out £5.7m so far to nearly 800 customers of collapsed discretionary fund manager Strand Capital. The payments were made to 796 investors over the past two weeks. The payments related to client cash only. The compensation was paid directly into customers’ self-invested personal pensions. An administrator’s report published in […]

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Don’t bank on a hike just yet

Jonathan Platt, head of fixed income at Royal London Asset Management, highlights three bond market trends this week and says don’t bank on a hike just yet. Read the article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]

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