The majority of Europe’s indexes remained buoyant on Wednesday, as buyback announcements from heavyweights Lloyds Banking Group PLC and Glencore PLC lifted share prices and kept markets mostly positive.
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Lloyds Bank brushes off Brexit fears with bumper dividend, buyback planLloyds Banking Group shrugged off mounting concerns over Brexit to unveil a 4 bi...
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Brexit and costs cloud Lloyds’ sunlit uplandsCEO Antonio Horta-Osorio announced a 1.8 bln pound buyback and pledged a 15 pct return on equity. That needs a big fall in one-off charges, and sustained low bad debts. The risks of a chaotic exit from the EU, and the bank’s hairier lending mean investors are rightly nervous.
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Lloyds Bank brushes off Brexit fears with bumper dividend, buyback planLloyds Banking Group shrugged off mounting concerns over Brexit to unveil a 4 bi...
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Glencore, Once a Big Coal Backer, Is Capping OutputAnglo-Swiss commodity trader Glencore said it plans to cap its coal output in line with a global transition away from high-carbon-emitting fuels, a sharp shift for a company that for years has been bullish about the commodity.
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Rubio promises anti-buyback bill 'soon,' but says he still supports free market over socialismIn a tweetstorm that began in late-morning, he ripped into the culture that goes along with the drive to repurchase shares.
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