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Lloyds Banking Group News

17 Aug 2022

UKHO Appoints Marion Leslie as Non-Executive Chair

Marion Leslie (Photo: UKHO)

The UK Hydrographic Office (UKHO) confirmed the appointment of Marion Leslie as Non-Executive Chair. Leslie will chair the UKHO Board in this independent position after a year as interim Non-Executive Chair and six years as a Non-Executive Director at the UKHO.The Board supports, challenges and validates the UKHO business strategy and oversees the organization's performance. Leslie leads the Board as Chair, acting in the interests of the Ministry of Defense and key stakeholders…

14 Aug 2015

Changes on BHP Billiton Board

BHP Billiton Chairman, Jac Nasser, today announced a number of changes to the BHP Billiton Board of Directors. Anita Frew has been appointed to the BHP Billiton Board as an independent Non-executive Director, effective as of 15 September 2015. Ms Frew has over 18 years’ experience as a director and chairman on public company boards across a range of global sectors, including chemicals, engineering and finance. She is currently Chairman Designate of Croda International Plc, the speciality chemicals group and Deputy Chairman of Lloyds Banking Group Plc. Mr Nasser said Ms Frew’s appointment reflected the structured and rigorous approach taken by BHP Billiton to Board succession planning…

13 Jul 2015

RBS to Exit Greek Shipping Portfolio

Royal Bank of Scotland Group PLC is winding down its Greek operation and is looking to sell its USD5 billion shipping loans portfolio, Reuters reported on Saturday. Citing finance sources familiar with the plans, Reuters said the move was part of the UK state-backed bank's efforts to shrink its international business. Part of a wider strategy by the bank to shrink parts of its international business, the decision comes as Greece makes a final attempt with international creditors for a bailout and to prevent a financial meltdown in the country. The RBS has been involved in shipping finance for more than 250 years and is one of the world's leading banks in shipping finance. RBS is the leading lender to the Greek shipping market.

30 Apr 2014

Lloyds to Sell $500m in Shipping Loans

Lloyds Banking Group has reached an agreement to sell $500 million of shipping loans from its remaining ship finance portfolio, finance and banking sources familiar with the matter said on Wednesday. Bank of America and U.S. hedge fund Davidson Kempner Capital Management were expected to buy the loans, one of the sources said. Lloyds, Bank of America and Davidson Kempner all declined to comment. (Reporting by Jonathan Saul and Matt Scuffham; Editing by Pravin Char)

06 Mar 2014

Oil Firms Opt for Stability, Urge Scotland to Stay in UK

Reuters - Royal Dutch Shell has become the second energy heavyweight to urge Scotland to stay in the United Kingdom as the campaign for Scottish independence battles mounting opposition from businesses. Shell is a key player in the North Sea oil and gas fields off Scotland and its Chief Executive Ben van Beurden said a vote for independence on Sept. 18 would mean greater uncertainty for the energy industry. Last month, the boss of BP warned Scottish independence could cause "uncertainties" for his company. Other oil companies in the North Sea on Thursday stressed the importance of predictability for their operations, joining a growing number of financial services companies voicing concerns about the impact of independence but avoiding political comment.

22 Jan 2013

Wärtsilä Engines for New Scottish RoPax Ferry

Scots RoPax Ferry: Photo credit CMAL

Wärtsilä to supply the main engines and auxiliary generating sets for a new Scottish-owned ferry. The RoPax vessel, designed for transporting both wheeled cargo and passengers, was ordered by Lloyds Banking Group and leased by Caledonian Maritime Assets, Ltd (CMAL), and is being built at the Flensburger Schiffbau Gesellschaft shipyard in Germany. The shipyard requirements were that the engines must be commercially competitive, compact and light in weight. Wärtsilä will deliver…

12 Jun 2012

Ferry Contract for German Shipbuilder

Caledonian Maritime Assets Limited (CMAL) has announced that Lloyds Banking Group plc (LBG) are to provide financing for a replacement vessel for the Stornoway to Ullapool route and has named Flensburger Schiffbau-Gesellschaft MBH & Co. KG (FSG), Germany as the preferred shipyard for the detailed design and construction of the vessel. The new 116m Roll On Roll Off vehicle passenger ferry will be capable of operating 24 hours a day and will have a capacity for up to 700 passengers, and 143 cars or 20 commercial vehicles. The new vessel is scheduled for delivery in June 2014 and will go into service shortly thereafter.

14 Dec 2011

EnerMech Turnover Up 100%

Mechanical engineering company EnerMech forecasts ÂŁ10 million profit for 2011.

Mechanical engineering services company, EnerMech Ltd, will finish the year with a 100% increase in sales, with 2011 turnover expected to top £103 million compared to £49.5 million last year. The Aberdeen-based company forecast for 2011 will deliver a £10 million profit (EBITDA*) and said turnover next year would increase to £142 million with profits expected to double to £20 million. The company also announced that Lloyds Banking Group has agreed to provide additional funding of £20 million, which will be used to support further investment in more equipment and facilities.