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On 13 February 2009, Lloyds Banking Group said that the losses at HBOS were greater than had been anticipated, at around £10 billion. The share price of Lloyds Banking Group fell 32% on the London Stock Exchange, carrying other bank shares with it. [32]
Lloyds' shares have rallied impressively over the last six months, rising by 82% to their current price of about 55 pence. Of course, this is a far cry from the 440 pence or so they were worth at ...
On 13 February 2009, Lloyds Banking Group revealed losses of £10 billion at HBOS, £1.6 billion higher than Lloyds had anticipated in November because of deterioration in the housing market and weakening company profits. [30] The share price of Lloyds Banking Group plunged 32% on the London Stock Exchange, carrying other bank shares with it. [30]
On Monday, 19 January 2009, a date previously known as Blue Monday, British banking shares collapsed in a rout of selling after Royal Bank of Scotland (RBS) announced the biggest corporate losses in British history. The shares fell over 67% in a single day. Shares in all other British banks suffered heavy losses.
The group also delivered returns to investors as it said it would buy back £2 billion of its own shares and pay a final dividend of 1.33 pence a share. But Lloyds shares fell 8% amid hefty falls ...
All the bad news, and then some, seems to be well in the price for long-term investors. ... at 30p a share, Lloyds is valued at just over 3.5 times underlying per-tax profit, during difficult ...
HBOS was acquired by the Lloyds Banking Group in January 2009 amid falling share price and speculation as to its future. Bank of Scotland plc (including its brands such as Halifax) became a wholly owned subsidiary of the group. In February 2009, Halifax made significant changes to its current accounts.
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