More UK companies plan price rises but wage expectations cool, Lloyds says [Reuters]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Reuters
in April, a business survey showed on Tuesday in mixed news for the Bank of England as it monitors inflation pressure. The monthly Lloyds Bank Business Barometer showed a net 63% of companies expected to raise prices in the coming months, up from 60% in March and marking the highest reading since November. The survey added to signs that price pressures faced by British companies persist despite the drop in the headline rate of inflation, which the BoE expects will fall below the 2% target in the coming months. Still, companies grew increasingly confident about the economic outlook, with 57% of companies expressing more optimism, up from 56% a month ago. "It's encouraging to see businesses are showing continued confidence in their own prospects and the wider economy," said Paul Gordon, managing director for relationship management at Lloyds Bank. The survey showed the proportion of companies expecting wage increases of over 3% or over 4% or more shrank in April, likely reflec
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LYG
Sec Filings
- 5/15/24 - Form 6-K
- 5/14/24 - Form 6-K
- 5/13/24 - Form 6-K
- LYG's page on the SEC website