Hints and tips:
...Briefly J Sainsbury said it expects exceptional costs associated with Covid-19 to begin falling away and remains comfortable with analysts’ forecasts for this year....
...Bank boards, to borrow from Mary J Blige, want no more drama....
...It’s otiose, Osorio The Lloyds Bank CEO took a £3,000 a week pay cut last year....
...Britain’s biggest supermarkets, Tesco and J Sainsbury; Barclays, the country’s second-largest lender by assets; and Royal Bank of Scotland were among those who chose not to sign....
...The mob – Tesco, J Sainsbury, Asda – want protection money. “Promotional fees,” they call it....
...For Lloyds, a deal would be in line with the strategy under chief executive António Horta-Osório to reduce the size of the lender’s balance sheet and focus on its core UK retail and commercial operations...
...If Mr Horta-Osório took a second destabilising leave of absence, Mr Bischoff’s own ability to set priorities would be open to question....
...People who know Mr Horta-Osório insisted that he was making good progress and was eager to return to work....
...The lacklustre interest from private buyers is a blow for Antonio Horta-Osorio, chief executive of Lloyds, who had hoped to secure at least £2bn for the branch portfolio and agree the sale by the end of...
...Both Mr Lorenzo and Mr Bostock served as finance directors under Mr Horta-Osório at Santander UK....
...Jonathan.guthrie@ft.com Phoenix: paul.j.davies@ft.com...
...Additional reporting by Paul J Davies...
...António Horta-Osório, chief executive of Lloyds Banking Group, has poached a senior insurance executive from Aviva to head Scottish Widows in a sign that his strategic review will not lead to a sale of the...
...At the Lloyds strategy update last month, António Horta-Osório, chief executive, would say only that he liked the business....
...António Horta-Osório, the bank’s chief executive, had hoped that NAB would emerge as a strong bidder....
...J.P. Morgan once said that a man he did not trust could not get money from him “on all the bonds in Christendom”....
...There was also talk that J&J could abandon its interest in S&N and bid instead for Synthes, the Swiss medical device maker....
...Tesco and J Sainsbury slipped after Evolution Securities argued that an expansion war was threatening industry profitability....
International Edition