Ministers scramble to prevent car sale market collapsing after shock ruling [Yahoo! Finance]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Yahoo! Finance
A ruling from the Court of Appeal on commissions paid to car salesmen has forced several lenders to pause loans, and dealerships to urgently revise their sales practices to avoid a paralysis in the market. Lloyds Bank, one of the UK's largest motor financiers through its Black Horse arm, became the latest lender to revamp its practices by abolishing bonuses paid to car dealers. The bank has introduced a “no commission” contract, meaning no fees will be paid to dealerships. William Chalmers, Lloyds's chief of finance, held an urgent call with investors last night to explain the situation, saying it wanted to stand by its customers and the UK economy to carry on lending. Car finance is the biggest source of funding used by drivers to buy new vehicles, with nine in every 10 cars bought by motorists relying on a loan, according to Autotrader. There are fears a loan famine would effectively freeze up the market – damaging the already under-fire sector. It could also have econo
Show less
Read more
Impact Snapshot
Event Time:
LYG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LYG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LYG alerts
High impacting Lloyds Banking Group Plc American Depositary Shares news events
Weekly update
A roundup of the hottest topics
LYG
News
- UK Retail Banking Competitor Benchmarking Report 2024: Financial Performance of the Top 15 Banks - Lloyds Banking Group Remains the Leading Provider [Yahoo! Finance]Yahoo! Finance
- United Arab Emirates Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Markets 2024-2030: Focus on India, Saudi Arabia, UK, Philippines, Egypt, Pakistan, US, China, Russia, France [Yahoo! Finance]Yahoo! Finance
- United Arab Emirates Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Markets 2024-2030: Focus on India, Saudi Arabia, UK, Philippines, Egypt, Pakistan, US, China, Russia, France [Yahoo! Finance Canada]Yahoo! Finance Canada
- Inaugural International MICE Summit (IMS) Convenes to Drive Business Events Sector's Future in Saudi Arabia, Fastest-Growing G20 MICE Market [Yahoo! Finance Canada]Yahoo! Finance Canada
- Inaugural International MICE Summit (IMS) Convenes to Drive Business Events Sector's Future in Saudi Arabia, Fastest-Growing G20 MICE Market [Yahoo! Finance]Yahoo! Finance
LYG
Sec Filings
- 11/20/24 - Form 424B2
- 11/20/24 - Form 6-K
- 11/20/24 - Form FWP
- LYG's page on the SEC website