Atlantic View – Impairment Shock At Lloyds Banking Group #LLOY Despite Balance Sheet Strength July 30, 2020 – Posted in: Blog

Impairment Shock At Lloyds Banking Group #LLOY Despite Balance Sheet Strength by John Woolfitt, Atlantic Capital Markets Fundamentals and Statement Summary Eponymous banking giant Lloyds (LLOY) this morning reported half year results to June 30. The bank plunged into the red after recording a £3.8 billion provision for bad loans arising from the coronavirus crisis – almost £1.8 billion higher than financial analysts had expected. The results revealed a pre-tax loss of £602 million compared…

Atlantic View – Streamlining and Resilience Have Laid The Foundations For Recovery at Shell #RDSB – Posted in: Blog

Streamlining and Resilience Have Laid The Foundations For Recovery at Shell #RDSB by John Woolfitt, Atlantic Capital Markets Fundamentals and Statement Summary Anglo Dutch oil giant Royal Dutch Shell (RDSB) today announced results for Q2 2020, which include impairments of $16.8 billion post-tax (6.1% of average capital employed), reflecting revised price and margin assumptions. Shell reported ‘very strong crude and oil products trading and optimisation results’ and a resilient marketing performance, and said it was…

Atlantic View – Impairment Shock At Lloyds Banking Group #LLOY Despite Balance Sheet Strength July 30, 2020 – Posted in: Blog

Atlantic View – Streamlining and Resilience Have Laid The Foundations For Recovery at Shell #RDSB – Posted in: Blog

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