Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter