Image source: Getty Images The UK regulators have kick-started a redress program to compensate customers who were mis-sold car loans. As a result, Lloyds Banking Group (LSE:LLOY) believes it will have to set aside additional provisions to factor this in. Lloyds shares fell over 4% on the news today (9 October), but there are longer-term implications for investors to think about. A quick refresher Lloyds shares are up 48% over the past year, even though the motor finance investigation had been looming. Lloyds had already set aside significant provisions (over £1bn) to cover compensation and related costs. Therefore, the impact…
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Image source: Getty Images Lloyds (LSE:LLOY) shares have been up and down like the proverbial see-saw in recent days. They’re currently down more than 2% on Thursday (9 October) after disappointing news on the car finance mis-selling saga. It’s a different story to yesterday, when Lloyds’ share price spiked after the Financial Conduct Authority (FCA) indicated customer payouts would be smaller an anticipated. The FTSE 100 bank closed at fresh multi-year highs of 84.36p per share on the news. So what’s spooked investors today? And should stock pickers consider picking up the bank following its fresh drop? Good news Fears…
Lucid Motors reached a new milestone in the third quarter of 2025, sending its stock higher. The company delivered 4,078 vehicles, marking its best quarterly performance so far. This was a 46% increase from the same period last year. Still, the result fell short of expectations. Analysts had forecast around 4,300 deliveries, so the actual number missed the mark by a small but important margin. Lucid also produced 3,891 vehicles during the quarter, below some estimates that predicted over 5,000. By September 2025, Lucid had produced nearly 10,000 vehicles yea- to-date and delivered over 10,400 units to customers. Earlier this…
South China Morning PostChina rolls out flurry of export controls, ‘major upgrade’ to rare earth curbsChina has levied a raft of new export controls related to rare earth materials, expanding the scope of restrictions well beyond those previously imposed,….2 hours ago Source link
Image source: Getty Images By midday today (9 October), the HSBC (LSE:HSBA) share price was approximately 5% lower after the FTSE 100’s second-largest company announced plans to buy out the minority shareholders in Hang Seng Bank. It already owns 63.5% of the financial institution, which is listed on the Hong Kong Stock Exchange. Not cheap HSBC is offering to pay 30% more than the pre-announcement share price. This means the deal’s likely to cost $13.6bn. To help pay for this, it’s going to suspend its share repurchases for the next three quarters. The purchase price definitely appears expensive to me.…
A team of agricultural economists, environmental scientists and policy experts envisions a path toward a carbon-neutral agricultural future by expanding the reach of policies designed to promote low-carbon biofuels for transportation and aviation. Source link
A team of agricultural economists, environmental scientists and policy experts envisions a path toward a carbon-neutral agricultural future by expanding the reach of policies designed to promote low-carbon biofuels for transportation and aviation. Source link
Chosun BizChina tightens export controls on rare earths, semiconductors, and batteries – CHOSUNBIZChina has rolled out measures to control exports not only of rare earths, a strategic mineral, but also of items related to semiconductors and batteries..35 minutes ago Source link
Image source: Getty Images Shares in Compass Group (LSE:CPG) are down 6% since the start of the year. That’s hardly a crash, but shares in the FTSE 100 company are trading at an unusually low valuation at the moment. I’m a big admirer of the business, its competitive position, and its growth record. So I’m wondering whether this might be my opportunity to add the stock to my portfolio. Valuation Right now, Compass Group shares are trading at a price-to-earnings (P/E) ratio of around 40. That’s higher than the likes of Alphabet, Amazon, and Meta and doesn’t sound low, by…