LLOYDS has shaken up the way it reports funding costs and capital, pushing the banking net interest margin target slightly higher without touching group earnings numbers.
The bank now expects its net interest margin to be just above 2.05% this year, City AM reports, up from the previous target of slightly higher than 2%.
The net interest margin is the difference between what banks pay to borrow, and the amount they charge for loans.
Lloyds claimed the changes would raise net interest income in its core banking divisions slightly, but have a small negative impact on net interest income in other non-banking areas.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.