Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Lloyds confirms it remains on course to reinstate dividend in H2

Lloyds confirms it remains on course to reinstate dividend in H2

Lloyds has confirmed it remains on track to seek to return to dividend payment in the second half of this year following a 22% increase in underlying profit to £1.8 billion in the first quarter.

At 8.23, shares in Lloyds were up 3.17% at 77.97p.

‘This improvement was driven by net interest income in our key markets as well as a reduction in costs of 5% and in the impairment charge of 57%,’ said chief executive Antonio Horta-Osorio. 

‘The group made a statutory profit before tax of £1.36 billion, compared to a statutory loss of £1.2 billion in the fourth quarter of 2013.’

The company’s loan to deposit ratio fell from 113% to 111% over the quarter, down from 119% in the first quarter of 2013.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter