HSBA, LLOY, BARC: As lending to SMEs drops, should you hold these stocks?

HIGHLIGHTS: Mortgage approvals were marginally lower in March in comparison to February, as per the data from the Bank of England. The net borrowing mortgage amount by individuals, however, increased to £7 billion in March from £4.6...

Highlights BoE’s MPC raised the interest rate to 1% in Thursday’s meeting to counter the impact of rising inflation. Since the start of the pandemic, the rate has increased to 25%, 0.5%, and then 0.75% before today’s hike. In...

Highlights According to leading environmental disclosure platforms CDP and Planet Tracker, losses of a minimum of US$225 billion are being faced by financial institutions owing to water-related risks. The most widespread effects of these r...

p; The Bank of England (BoE) has lately been going for interest rate hikes to offset the impact of the escalating inflation levels in the UK, which reached a 30-year high of 7% recently in March. On 5 May, the monetary policy committee (MPC) ...

Highlights The AGMs of Barclays and Standard Chartered were disrupted on Wednesday by climate activists. The activists criticised the companies for investing in fossil fuel extraction and interrupted the speeches. The annual shareholder me...

Highlights Prime Minister Boris Johnson has warned of a 'very severe' inflationary crisis if the government responds to the high inflation by offering more benefits. Earlier, Chancellor Rishi Sunak warned that mortgage repayments could rise by ...

GBX 140.06. Barclays Plc (LON: BARC) is among the Big four banking majors in the UK - and offers financial services in several countries. As of 3 May 2022, 8:47 am GMT, Barclays' shares traded at GBX 151.72, up 2.38%. The share price has witness...

Highlights Chancellor Rishi Sunak is being requested to come up with a new generation of green bonds to help the UK reach its net-zero goals. The green economy doesn’t only cover renewable energy and clean technologies, but also other sus...

Highlights The shareholders agreed to all proposals put forward by the bank at the annual general meeting. Around 93% of shareholders voted in favour of the controversial new pay policy that will increase CEO Alison Rose’s potential bonus...

Highlights The Bank of England (BOE) is expected to raise interest rates for the fourth meeting in a row on May 5, as UK inflation has risen to 7% in the 12 months to March. The financial markets expect the BOE to raise rates to around 2.25% by...