Tag Archives: Lloyds Bank

Taylor Swift Fans Warned of Rising Ticket Scams Ahead of UK Tour

(IN BRIEF) As excitement mounts for Taylor Swift’s long-awaited UK tour, fans have fallen prey to a surge in concert ticket scams, with fraudsters exploiting social media platforms to target eager concert-goers. Analysis by Lloyds Bank reveals a concerning trend, … Read the full press release

Lloyds Bank Completes Groundbreaking Paperless Trade Deal Using eBL and dPN

(IN BRIEF) In a significant milestone for digital trade, Lloyds Bank has executed its first transaction employing an electronic Bill of Lading (eBL) on the WaveBL platform, marking a move towards entirely paperless exchanges in international trade. Partnering with Somerset-based … Read the full press release

Lloyds Bank Spearheads Trade Innovation: Joins WaveBL for Digital Bill of Lading Transfer

(IN BRIEF) Lloyds Bank makes history as the first UK bank to integrate with the WaveBL electronic trade documentation platform, revolutionizing international trade processes for its clients. By leveraging blockchain-based electronic Bills of Lading (eBLs), Lloyds Bank facilitates swift and … Read the full press release

Paperless Revolution: Lloyds Bank Digitizes Guarantees and Standby Letters of Credit

(IN BRIEF) Lloyds Bank has introduced a revolutionary “Paperless Guarantee” initiative, enabling clients to request digital Direct Guarantees or Standby Letters of Credit for more efficient, secure, and environmentally friendly trade transactions. This initiative follows Lloyds Bank’s success in pioneering … Read the full press release

Lloyds Bank Launches Secure Digital ID App in Collaboration with Yoti

(IN BRIEF) Lloyds Bank has introduced a new digital identity app, “Lloyds Bank Smart ID,” developed in partnership with Yoti, a digital identity verification company. This app offers users a more private, secure, and convenient means of proving their age … Read the full press release

UK Business Confidence Declines in July Amid Economic Uncertainty and Rising Interest Rate Worries

(IN BRIEF) Business confidence in the UK fell by six points to 31% in July, mainly due to lower economic optimism, reaching a five-month low. Rising interest rates have become a major concern for businesses, and the retail sector showed … Read the full press release

Lloyds Bank Warns Football Fans of Soaring Online Ticket Scams Ahead of Premier League Season

(IN BRIEF) Lloyds Bank warns football fans about the rising threat of online ticket scams as the new English Premier League season approaches. Reported fraud cases related to football ticket purchases more than doubled last season, with victims losing an … Read the full press release

Lloyds Bank UK Sector Tracker: the UK economy may already be in recession

12 out of 14 sectors experienced a fall in output in October, up from nine in September Providers of software services experienced a rise in new orders and the strongest output growth Rising inflation weighed on demand, with 13 out … Read the full press release

Lloyds Bank UK Sector Tracker: Die britische Wirtschaft befindet sich möglicherweise bereits in einer Rezession

12 von 14 Sektoren verzeichneten im Oktober einen Rückgang der Produktion, gegenüber neun im September Anbieter von Softwaredienstleistungen verzeichneten einen Anstieg der Auftragseingänge und das stärkste Leistungswachstum Die steigende Inflation belastete die Nachfrage, 13 von 14 Branchen verzeichneten einen Rückgang … Read the full press release

Recherche de la Lloyds Bank sur l’utilisation du service de confirmation du bénéficiaire (CoP) : nous exhortons tous les fournisseurs de paiement à introduire la confirmation du bénéficiaire le plus rapidement possible

(COMMUNIQUÉ DE PRESSE) LONDRES, 29-Mar-2022 — /EuropaWire/ — Lloyds Banking Group, un groupe de services financiers de premier plan basé au Royaume-Uni, a publié son nouveau recherche sur la façon dont les Britanniques utilisent le service de confirmation de paiement … Read the full press release

Lloyds Bank research on the use of the Confirmation of Payee (CoP) service: We urge all payment providers to introduce Confirmation of Payee as quickly as possible

(PRESS RELEASE) LONDON, 29-Mar-2022 — /EuropaWire/ — Lloyds Banking Group, a leading UK based financial services group, has released its new research on how Brits are making use of the Confirmation of Payee (CoP) service. The study reveals that millions … Read the full press release

Lloyds Bank Business study: only 12 percent of small businesses across UK made the move to go digital due to the pandemic

Just 10% of small businesses launched a virtual shop window as a direct result of the pandemic  Nearly half of small businesses are yet to make the move to online 65% see lack of digital skills as main barrier to … Read the full press release

Lloyds Bank Business: many SMEs across UK forced to urgently seek new borrowing due to the pandemic

Vast majority of UK business content with current levels of debt Profit squeeze seen as biggest barrier to future growth Third of businesses would not contact their bank if worried about finances (PRESS RELEASE) LONDON, 25-Oct-2021 — /EuropaWire/ — Lloyds … Read the full press release

Lloyds Bank survey: UK businesses demonstrated incredible resilience over the pandemic period, case studies

Business across the UK (48%) report that the pandemic sparked a wave of creative thinking. Manufacturing firms were the most likely to adapt through changes to their operating patterns (28%) and expanding the product offering (22%). London (63%) and North … Read the full press release

Lloyds Bank’s UK Recovery Tracker: Tourism and recreation sectors in UK outperforming their international counterparts in August 2020

13 of the 14 UK sectors tracked by Lloyds Bank’s UK Recovery Tracker were ahead of the global recovery benchmark in August. Transport was the only UK sector to report a decline in output in August, with automotive, healthcare, chemicals … Read the full press release

Lloyds Bank to address growing popularity of subscription services with new feature in its mobile banking app

Subscriptions to popular services including streaming services have quadrupled during the UK lockdown New Lloyds Bank feature makes managing subscriptions easier for customers The service is currently being piloted and will be available soon to customers across the UK (PRESS … Read the full press release

Lloyds Bank Quarterly Savings Report: regular savers feeling happier and less anxious than their non-saving counterparts

Almost three quarters (74%) of regular savers feel happy as opposed to just over a third (36%) of non-savers. Over half (53%) of savers agree that having a savings plan has had a positive impact on their mental health. Six … Read the full press release

Lloyds Bank Second Steppers report: 56% say it’s taken longer than expected to buy their next home

A quarter of first time homeowners looking to move up the property ladder – ‘Second Steppers’ – find it harder than buying their first home (up 18%) Over a third (35%) will delay having children / have less children than … Read the full press release

Lloyds Bank Homemover Review: number of homemovers fell by 2% in 1H 2017 vs same period 2016

There were 171,300 homemovers in the first six months of 2017 – 3,175 (2%) down from the first half of 2016. Homemovers account for around half (51%) of the housing market compared to 64% a decade ago. Over the past … Read the full press release

LLOYDS BANK PMI: Business activity in April grew at its fastest rate across England in 2017 so far

Business activity growth gains momentum for second month running Job creation revives as  new orders surge Businesses raise prices charged at fastest rate in nearly nine years West Midlands is top-performing region, recording fastest growth in output and employment LONDON, … Read the full press release

Resilient U.K. Automotive Sector Looks To The Future With Caution

Automotive manufacturers’ investment plans on track despite ongoing uncertainty EU exit still seen as biggest threat to sector Manufacturers to focus investment in R&D in low carbon or electric vehicle technology Automotive firms determined to pursue new international opportunities LONDON, … Read the full press release

Consumers’ Spending Power Builds Up In 2017

Sentiment towards the country’s financial situation increases significantly Essential spending continues to rise though rate of growth slows Concern mounts around prospects for future disposable income LONDON, 03-Mar-2017 — /EuropaWire/ — Consumer confidence rose in early 2017, despite ongoing hikes in … Read the full press release

Lloyds Bank the first financial services company to trial Signly – a British Sign Language (BSL) translation tool

New technology provides innovative way of interacting with Bank literature LONDON, 27-Jan-2017 — /EuropaWire/ — Lloyds Bank has become the first financial services company to undertake a trial with Signly – a British Sign Language (BSL) translation tool. Lloyds Banking Group’s … Read the full press release

Lloyds Bank’s Business in Britain report: Business confidence stabilised at the start of 2017 but economic uncertainty continues to be a threat

Confidence stabilising from a four year low in September Businesses cite economic uncertainty as the biggest threat for 2017 Export intentions to Middle East and Asia jump Results signal higher inflation and a slowdown in economic growth LONDON, 03-Jan-2017 — … Read the full press release

Lloyds Banking Group will launch new range of products for borrowers with 5% deposits through the its Halifax, Lloyds Bank and Bank of Scotland brands

LONDON, 06-Dec-2016 — /EuropaWire/ — Lloyds Banking Group today announced plans to continue supporting mortgage borrowers beyond the end date of the government’s Help to Buy: mortgage guarantee scheme on 31st December 2016. A new range of products for borrowers … Read the full press release

Lloyds Bank’s UK housebuilding sector analyses: housebuilders forecast increased growth and investment in the sector

Sector’s confidence reflected in average 5 year investment plans, increasing 17 per cent year on year Average growth over five years of 28 per cent predicted, up from 25 per cent in last year’s survey  Over a third say that … Read the full press release

Lloyds Bank research: parents willing to pay an average of £53,000 more to live near top performing state school

Average property prices have reached £366,744 in areas closest to  England’s Top 30 state schools  – 17% above the county average of £313,318 Homes near Beaconsfield High School in Buckinghamshire pay the highest premium of £629,021 (171%) compared to the … Read the full press release

Lloyds Bank research reveals UK homeowners’ housing aspirations show signs of optimism

Almost three quarters of homeowners (74%) believe that they will achieve their long-term family home in no more than two more moves 81% of homeowners believe they will have to wait longer to reach their long-term family home than they … Read the full press release

Lloyds Bank’s study shows Food and Drink sector eager to move ahead with expansion and development plans despite EU referendum vote

Build up to the EU Referendum had a negative impact on businesses, and leaving the EU is cited as biggest potential challenge to sector but wider outlook is positive Almost half of firms said that investment in their business had … Read the full press release

Charities throughout Sunderland to participate in Google Digital Garage training hosted by Lloyds Bank and delivered in collaboration with Google

SUNDERLAND, 25-Jul-2016 — /EuropaWire/ — Local charities given opportunity to unlock digital potential with half-day workshop Charities throughout Sunderland are being given the chance to boost their digital skills by participating in a Google Digital Garage training session to help them … Read the full press release

Lloyds Bank Regional Purchasing Managers’ Index: June saw a slowdown in output growth across England

Output growth slows across England but rebounds slightly in Wales London sees business activity decline for first time in over three-and-a-half years England sees slowest rise in employment since early 2013 Survey carried out between 13 June and 28 June … Read the full press release

Output growth remained subdued across England and Wales in May – Lloyds Bank Regional Purchasing Managers’ Index

Output continues on weak growth path as inflows of new business move closer to stagnation England sees one of slowest rises in activity for three years; growth in Wales at 45-month low Employment increases only marginally as slowdown in hiring … Read the full press release

Lloyds Bank Regional Purchasing Managers’ Index®: Output growth and employment slightly higher in March but first quarter the worst in three years

Output growth picks up slightly in March despite slower rise in new business Wales records stronger increase in business activity than all English regions Signs of inflationary pressures returning as prices rise at faster rate LONDON, 12-Apr-2016 — /EuropaWire/ — … Read the full press release

Lloyds Bank: Improving economic conditions in UK contributed to the pound outperforming the majority of major currencies in 2015

The Olympics may still be a few months away, but for savvy holidaymakers there’s never been a better time to visit Brazil than now. LONDON, 30-12-2015 — /EuropaWire/ — The ongoing recession in South America’s largest economy has seen the … Read the full press release

Lloyds Bank research: Increasing global instability and slowing Chinese economy the biggest threats to Britain’s automotive industry

Global economic instability is biggest threat to Britain’s automotive industry Businesses revise down growth forecasts amid international markets volatility Significant drop in number of manufacturing firms expecting to achieve business growth through exports Despite challenges, businesses planning to create thousands … Read the full press release

Business activity growth across England and Wales regained some momentum in October – Lloyds Bank Regional Purchasing Managers’ Index®

Business activity rises in all regions except the North East Employment increases at a faster pace, led by strong job creation in East of England Marginal rise in average charges for goods and services amid weak cost inflation and falling … Read the full press release

Lloyds Bank launches £500M fund to help UK farmers facing potential delay to crucial financial support from EU

Fund established to help farmers concerned about a potential delay to crucial 2015 EU payments, normally received in December each year Support will be offered to the Group’s farming customers in the event of Basic Payment Scheme payments being paid … Read the full press release

Lloyds Bank Spending Power Report shows a fall in sentiment towards people’s current financial situations in July

Attitudes towards the current financial situation fall as perceptions about people’s personal financial situation and Britain’s employment situation both drop However, July saw falls in year on year essential spending, with a continuing decline in water bills Ahead of the … Read the full press release

Lloyds Bank research: UK household savings grown more than sixfold (452%) over the past 40 years

Average savings per household has increased four-fold from £36,989 in 1975 to £145,566 Over a third of savings held in deposits, but proportion held in shares continues to fall Sixteen fold increase in value of pensions drives growth in household … Read the full press release