'Shock' for Lloyds shareholders

bbc.co.uk

06-Nov-2009

Story Timeline: 14 days

The bank announced that it will also sell hundreds of branches For many Lloyds Banking Group shareholders the last week has been something of a shock. On Tuesday, the banking group announced a huge £13.5bn rights issue. This is... [read full story]

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Investment extra: Sick banks back to pick pockets

thisismoney.co.uk

07-Nov-2009

First article on this story:

Not equals

bbc.co.uk

06-Nov-2009

Selected publications with coverage of this story:

bbc.co.uk guardian.co.uk timesonline.co.uk thisismoney.co.uk ft.com

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Investment extra: Sick banks back to pick pockets

thisismoney.co.uk

07-Nov-2009

The sick men of British banking - And in the case of Lloyds, the cure also involves the company's 2.8m-strong army of small shareholders being asked to support the latest cash call. Tuesday's announcement from Lloyds also...

Q&A: The Lloyds share issue

guardian.co.uk

07-Nov-2009

A low-down of the rights issue launched by Lloyds Banking Group in a bid to raise £13.5bn of new capital Lloyds Banking Group has announced the biggest rights issue in history, as it seeks £13.5bn in new capital. Here we look...

Lloyds rights issue looks distinctly unattractive

guardian.co.uk

07-Nov-2009

Small investors will probably be right to view participation in the bank's cash call as throwing good money after bad If you're one of Lloyds/Halifax's three million shareholders, you probably received a weighty rights issue...

Personal Investor: Why you should stump up for Lloyds

timesonline.co.uk

07-Nov-2009

Not again. It seems like only yesterday that Lloyds and/or HBOS, which are now parts of the same group, held out the begging bowl. For the fourth time in 18 months shareholders are being asked to give this battered banking...

Lloyds investors urged to take action

ft.com

06-Nov-2009

Shareholders in Lloyds Banking Group should either buy new shares in the bank’s £13.5bn rights issue or sell out altogether, according to private-client stock brokers. The rights issue is part of a restructuring that will see...