|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.3134 - 0.3134|
|52-week range||0.3000 - 0.9100|
|Beta (5Y monthly)||1.10|
|PE ratio (TTM)||4.18|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||16 Apr 2020|
|1y target est||N/A|
Britain's competition authority stops Lloyds (LYG) from forcing small business owners to open fee-paying current accounts in order to access loans under government scheme.
Britain's biggest domestic bank Lloyds <LLOY.L> is making 865 redundancies, as lenders resume cost-cutting measures while the COVID-19 pandemic hammers the industry's profits. Lloyds had temporarily stopped job losses and restructuring early in the pandemic, with the commitment running until October. "Unite is extremely worried about the future prospects of the 860 staff being told that they will lose their jobs during these very challenging times," said Unite national officer Rob MacGregor.
Britain's competition watchdog has stopped Lloyds Banking Group <LLOY.L> from forcing small business customers hit by the COVID-19 pandemic to open business current accounts to access emergency state-backed funding. The Competition and Markets Authority said Lloyds had unfairly limited choice by requiring struggling companies to open a business account in order to get a so-called 'Bounce Back' loan. The CMA found 30,000 customers that were running their business using their personal account were required by Lloyds to open a business account to access the scheme.