Company in the news: Lloyds Banking Group

While the risks haven't gone away, life seems to be getting ever better for Lloyds, says Phil Oakley.

Life continues to get better for the Lloyds Banking Group (LSE: LLOY). The bank's third-quarter results provided more evidence that the company is getting its house in order.

It also looks as if an improving UK economy and the government's efforts to prop up house prices via the Help to Buy scheme could provide a nice boost to profits and the share price over the next few years.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.