Lloyds Bank news and archive

UK business confidence improves for third consecutive month

Business confidence in the UK has improved for the third consecutive month, though it remained well below the long-term historical average, new data reveals. Overall business confidence was up eight percentage points to -14 percent, according to the Lloyds Bank Business Barometer. Trading prospects for the next 12 months rose nine percentage...

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Business

Business confidence falls to “record low” due to lockdown

The latest Lloyds Bank business barometer states that overall business confidence has plunged 38 percentage points to -32 percent in April, the lowest level since December 2008 at the start of the global financial crisis. The steep decline illustrates the impact of the lockdown measures to contain the pandemic is having on UK businesses, with a...

Design

Mountain Warehouse management buyout LDC

The management team at outdoor clothing retailer Mountain Warehouse has taken full control of the business after buying out minority shareholder LDC, the private equity arm of Lloyds Banking Group, in an 85 million pound deal. Led by Mountain Warehouse boss Mark Neale with funding from Royal Bank of Scotland and Alcentra, the deal now means that...

Fashion

Joules sells minority stake to LDC

Premium fashion and lifestyle brand Joules has sold a minority stake to Lloyds Banking Group's private equity arm LDC for 22 million pounds to support the future growth of the company. In a statement, the British brand states that the investment will help the company increase the pace of its growth plans by opening new stores, expanding its...

Design

LK Bennett secures funding for expansion

Clothing and footwear retailer LK Bennett has secured £16 million funding to help drive its international expansion. The company, which operates 156 shops across the world will use the five-year credit facility to accelerate its store expansion programme in the US and the Middle East. It will also open new stores in European countries such as...