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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Lloyds Banking Group plc    LLOY   GB0008706128

LLOYDS BANKING GROUP PLC

(LLOY)
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Lloyds Banking : Bank Tells 65,000 Staff to Work From Home Until Spring -- Financial News

10/26/2020 | 08:36am EST

By Berengere Sim

Of Financial News

Lloyds Banking Group PLC has told its 65,000 employees to work from home until spring.

The blue-chip bank's home-working advice comes as the U.K. government continues to grapple with a second wave of Covid-19 cases across the country.

"In line with guidance from the U.K. and national governments, and given the majority of our colleagues are working from home, we have asked them to continue to do so until at least spring," a spokesperson for Lloyds Banking Group said.

The news was first reported by The Mail on Sunday.

The city of London has seen a marked drop in activity as the government told companies that employees should continue to work from home where possible. Bars, pubs and small businesses in the financial district have been hit hard as a result.

In light of this, the City of London Corp. published a set of recommendations on Oct. 20 to "reinvent" London post pandemic. One of the recommendations includes creating an outreach network for small and medium-sized enterprises hit hard by the crisis.

Website: www.fnlondon.com

(END) Dow Jones Newswires

10-26-20 0935ET

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Financials
Sales 2020 15 014 M 20 174 M 20 174 M
Net income 2020 604 M 812 M 812 M
Net Debt 2020 - - -
P/E ratio 2020 52,3x
Yield 2020 1,16%
Capitalization 27 635 M 37 229 M 37 133 M
Capi. / Sales 2020 1,84x
Capi. / Sales 2021 1,83x
Nbr of Employees 63 069
Free-Float 99,7%
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Technical analysis trends LLOYDS BANKING GROUP PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 38,50 GBX
Last Close Price 39,03 GBX
Spread / Highest target 58,9%
Spread / Average Target -1,35%
Spread / Lowest Target -55,4%
EPS Revisions
Managers
NameTitle
António Mota De Sousa Horta-Osório Group Chief Executive Officer & Executive Director
Norman Roy Blackwell Chairman
William Leon David Chalmers Chief Financial Officer & Executive Director
John Chambers Group Chief Information Officer
Sara Vivienne Weller Independent Non-Executive Director
Sector and Competitors