BUSINESS: Lloyds Brings Dividend Back as Profits Rise; BT Issues Bullish Forecasts For Its Outlook; Shell increases dividend and starts a share buyback program
- Lloyds Banking Group posted a profit of 2.6 billion pounds, new figures show
- Lloyds also announced plans to acquire the savings and pension company Embark. on
The Lloyds Banking Group has announced its first interim dividend following the Bank of England’s recent cap lifting and today confirmed the purchase of the Embark Group investment and retirement planning platform.
The FTSE 100 lender reported an increase to statutory profit before tax of £ 3.9 billion compared to a loss of £ 0.6 billion a year ago.
Shell has announced it will increase its dividend and launch a $ 2 billion share buyback program as second-quarter earnings hit their highest level in two years.
The oil giant said profits were $ 5.5 billion, 71 percent more than the same period last year of $ 3.3 billion.
BT today issued an upbeat forecast for its outlook for the rest of the year, despite a decline in revenue and pre-tax profit in the first quarter.
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