Tagged: lloyds bank

June 24, 2025 @ 1:05 am By Omar Faridi  |  

More parts of the economy saw higher activity levels in May, according to the latest UK Sector Tracker from Lloyds. Four of the 14 sectors monitored by the Tracker “grew in May – two more than in April.” Software services “expanded at the fastest pace… Read More

May 29, 2025 @ 9:40 am By JD Alois  |  

Lumio, a Fintech that raised growth capital on Crowdcube, has announced a partnership with Lloyds Bank. Lumio offers an app that aims to help people grow their money on autopilot. In 2021, Lumio raised over £1 million at a pre-money valuation of £3.5 million. The… Read More

April 3, 2025 @ 12:31 am By Omar Faridi  |  

Business confidence in the United Kingdom remained robust at 49% in March, maintaining its highest level since August 2024, according to Lloyds Business Barometer. This sustained high was driven by a significant boost in confidence among retail firms, which saw “a seven-point rise to 58%,… Read More

March 24, 2025 @ 11:17 am By Omar Faridi  |  

The latest Lloyds UK Sector Tracker, compiled using exclusive PMI survey data from around 1,300 private sector companies, reveals that more sectors reported “month-on-month growth in February.” As stated in the report from UK‘s Lloyds Bank, four sectors reportedly saw their “output rise (up from… Read More

March 12, 2025 @ 8:14 am By Omar Faridi  |  

Research from Lloyds has found nearly a quarter (24%) of UK adults think all their savings are tax free, regardless of the type of account and amount saved. Every tax year, people can save and invest up to “£20,000 tax-free, as long as the money… Read More

February 11, 2025 @ 7:59 am By Omar Faridi  |  

Lloyds Bank is implementing a significant restructuring program that will result in the layoff of 300 engineering staff, according to reports. The program is said to be part of Lloyds’ broader transformation strategy and aims to bolster digital services, increase efficiency, and maintain a competitive… Read More

December 3, 2024 @ 11:47 pm By Omar Faridi  |  

The Lloyds Business Barometer has recently found that UK business confidence fell in November, with the index reportedly sliding three points to 41%. Above the long-term average of 29%, the notable change followed a period of sustained “positivity” from UK based businesses, as confidence reached… Read More

October 1, 2024 @ 9:56 am By Omar Faridi  |  

UK business confidence dipped to a three-month low in September, the Lloyds Bank Business Barometer has found. The survey, which ran from 2nd – 16th September, revealed that overall UK business confidence fell three points to 47%, its lowest for three months, but remained higher… Read More

September 22, 2024 @ 6:11 am By Omar Faridi  |  

Lloyds Bank is warning of a rising scam where rogue retailers are using fake websites to trick people into purchasing items that are never dispatched, costing victims an estimated £6.6 million so far. Tens of thousands of credit and debit card customers “have sadly fallen… Read More

September 4, 2024 @ 9:45 am By Omar Faridi  |  

Lloyds Bank has teamed up with Cleareye.ai, an artificial intelligence platform, leveraging AI to enhance the processing and compliance checking of trade finance documentation to enable efficiencies for customers. The innovative tech will use optical character recognition, machine learning and natural language processing algorithms in… Read More

July 31, 2024 @ 9:12 am By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer found that overall business confidence rose significantly in July to equal the highest level in confidence shown by businesses for eight years. Business confidence in the UK increased by 9 points “to 50% this month, reversing the drop in June… Read More

July 17, 2024 @ 8:12 am By Omar Faridi  |  

Eight out of 14 UK sectors saw output grow in June, according to latest data from the Lloyds Bank UK Sector Tracker. While this was three fewer than in May (11), when the Tracker reported “a 15-month high when the economy moved back into growth… Read More

July 5, 2024 @ 3:51 pm By Omar Faridi  |  

Your Credit Score, Lloyds Bank’s free credit checking service, now has 10 million registered customers. The feature, available through the mobile banking app and online, “allows customers to view their credit report and access personalised practical tips to improve or maintain their score.” As millions… Read More

July 1, 2024 @ 9:12 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer has found that overall business confidence fell by 9 points to 41% in June. Despite falling from last month’s highs, this latest confidence reading “is consistent with levels seen during Q1 2024, before the sharp rise in May.” The… Read More

June 18, 2024 @ 8:56 am By Omar Faridi  |  

More parts of the UK economy grew in May than at any time in the last 15 months, according to the latest Lloyds Bank UK Sector Tracker. While the overall rate of output growth across the economy “slowed marginally in May (53.0 vs. 54.1 in… Read More

May 31, 2024 @ 9:21 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer has found that overall business confidence reached its highest level for over eight years. Confidence increased by 8 points – up to 50% – “a level last exceeded in November 2015.” Survey data suggests the monthly increase “is largely… Read More

May 21, 2024 @ 8:42 am By Omar Faridi  |  

The number of growing UK sectors remained resilient in April, despite cost pressures spreading across the economy, according to the latest Lloyds Bank UK Sector Tracker. In April, eight of the 14 UK sectors monitored “by the Tracker saw output growth – one fewer than… Read More

April 16, 2024 @ 8:32 am By Omar Faridi  |  

Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation. The deal closely follows Lloyds Bank “becoming the first UK bank to join the… Read More

April 14, 2024 @ 11:41 pm By Omar Faridi  |  

With summer fast approaching, Lloyds Bank is warning hopeful holidaymakers they could fall victim to a scam when booking a trip. These scams have reportedly “risen 7% over the past year, with people losing £765 on average, with those aged 35 to 44 – often… Read More

April 10, 2024 @ 8:20 am By Omar Faridi  |  

Lloyds Bank is launching Ready-Made Pension in order to make saving for retirement easier. Just two fifths (42%) of the UK population know “how to contribute more into their pension,” according to new research from Lloyds Bank. The same study also found “that of those… Read More