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Lloyds considers £15bn cash call

Lloyds Banking Group is considering a £15bn capital raising in an effort to withdraw from the Government-sponsored asset protection scheme, according to the Financial Times.

Reports suggest that the move includes plans to sell assets, including Scottish Widows, and shrink its balance sheet.

The FT says the Government, which has a 43.5 per cent stake in Lloyds, is supportive of the plans and could inject another £6.5bn of taxpayers’ money into the bank.

A transaction is expected to launch at the end of this month or early November.


Discount club

Having fallen off the radar of the retail distribution review, firms in the non-advised sales sector have grouped together to form a new trade body.

Shortt takes on Joint Equity role

Goldsmith Williams corporate services director David Shortt has joined Joint Equity, a private shared-equity scheme which pairs investors with property buyers.

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Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


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