Buying shares in Lloyds Banking Group – is now the time?

With the Bank of England warning the UK economy could shrink 14% in 2020 amid Covid-19 downturn, consumer banks such as Lloyds Banking Group are up against it to grow profits. Fears over the depth of the fall in the economy explain why so far this year the bank’s shares are down over 50%. It’s a fall that has burnt...

Latest trade updates and full list of holdings – 06/03/2020

Since I last updated the market has been on quite the rollercoaster. 2019 ended well following the election and that carried on into the early part of 2020 – until the recent panic over coronavirus which has seen the stock market lose over £200bn in value. I hadn’t done too much trading up until the...

Lloyds shares jump despite 26% drop in pre-tax profit

Today shares in the bank Lloyds Banking Group (LSE: LLOY) jumped up about 3% despite profits plunging. There was yet another tranche of money, £2.5bn, set aside by the bank to cover PPI payments – although these are now drawing to an end. The bank said it had reached a settlement with the Official Receiver...