https://www.scmp.com/rss/47161/feed Lloyds Banking Group was rescued by the British government in the 2008 financial crisis, receiving 20.5 billion pounds, giving the government a 38.7 per cent stake. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Sumnima Kandangwa Sumnima Kandangwa Florence Hunt, who stars in Netflix’s hit romance series Bridgerton, is finally getting a chance to shine more on-screen in the show’s latest season. Hunt plays Hyacinth Bridgerton on the show, the youngest of the eight Bridgerton siblings. With each season of the show following the love story of a Bridgerton sibling, it won’t be long before we get to see Hunt go from a supporting character to the show’s leading lady. Off-screen, the 19-year-old is making other strides too. Apart from starring... https://www.scmp.com/magazines/style/people/celebrities/article/3342347/meet-florence-hunt-who-plays-hyacinth-bridgerton-and-just-became-dior-muse?utm_source=rss_feed https://www.scmp.com/magazines/style/people/celebrities/article/3342347/meet-florence-hunt-who-plays-hyacinth-bridgerton-and-just-became-dior-muse?utm_source=rss_feed Wed, 04 Feb 2026 22:01:39 +0000 Anthony Rowley Anthony Rowley In May 2023, Australian economist Paul Sheard published a book, The Power of Money, explaining how governments and banks create money. Things have moved on since then in the world of cryptocurrency, and it is the little understood international politics of money that need clearing up now. Public interest continues to centre upon instruments such as bitcoin and its cryptocurrency imitators, whose huge price swings attract headlines. These are not currencies, however, but “risk assets” as Sheard... https://www.scmp.com/opinion/world-opinion/article/3334380/global-stablecoin-surge-highlights-overlooked-risks-crypto-finance?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3334380/global-stablecoin-surge-highlights-overlooked-risks-crypto-finance?utm_source=rss_feed Sat, 29 Nov 2025 08:30:08 +0000 Britain’s leading consumer group has called on banks to justify nearly 13,000 bank branch closures that have left millions of people struggling to access vital financial services across the UK. Figures compiled by the consumer charity Which? show the UK has lost nearly two-thirds of its bank and building society branches over the past 30 years, from 20,583 in 1988 to 7,586. The loss of those sites has left 19 per cent of the population nearly 3km (two miles) away from their nearest branch,... https://www.scmp.com/news/world/europe/article/2173509/british-banks-urged-justify-staggering-level-branch-closures?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/2173509/british-banks-urged-justify-staggering-level-branch-closures?utm_source=rss_feed Fri, 16 Nov 2018 01:31:27 +0000 Xiaomi, the Chinese smartphone maker that’s had to pare back what was once billed as the world’s largest initial public offering, has made it past the finish line as investors overbought the retail portion of its US$6.1 billion blockbuster offer. The Chinese smartphone maker received 109,446 applications for 1.03 billion shares at the end of a four-day offer period, with the retail subscription overbought by 8.5 times and locking up about HK$23 billion (US$2.9 billion) of capital, according to... https://www.scmp.com/business/companies/article/2152891/xiaomi-lives-its-name-little-rice-grain-ipo-fails-impress?utm_source=rss_feed https://www.scmp.com/business/companies/article/2152891/xiaomi-lives-its-name-little-rice-grain-ipo-fails-impress?utm_source=rss_feed Thu, 28 Jun 2018 06:30:00 +0000 Lloyds Banking Group has partnered with a US artificial intelligence (AI) start-up Pindrop to use its technology to detect fraudulent phone calls. Five-year-old Pindrop uses so-called machine learning technology which takes into account large amounts of data to learn the difference between a legitimate and fraudulent call is. In theory, the technology will get smarter and the company now has around 360 million calls going through its system which helps the software learn. Pindrop can identify... https://www.scmp.com/tech/article/2027378/lloyds-uses-google-backed-ai-detect-phone-fraudsters?utm_source=rss_feed https://www.scmp.com/tech/article/2027378/lloyds-uses-google-backed-ai-detect-phone-fraudsters?utm_source=rss_feed Wed, 12 Oct 2016 05:52:58 +0000 Lloyds Banking Group has taken another £500 million ($765 million) ¤¥ charge to compensate customers mis-sold loan insurance, taking its total bill to 13.9 billion pounds, more than double any other bank. Europe’s second-biggest bank by market value on Wednesday reported an underlying profit of 2 billion pounds in the third-quarter, down from 2.2 billion pounds a year ago and slightly below market expectations. Analysts had forecast an underlying pretax profit of 2.2 billion. The bank reported... https://www.scmp.com/business/companies/article/1873154/lloyds-hit-further-ps-y-charge-insurance-mis-selling?utm_source=rss_feed https://www.scmp.com/business/companies/article/1873154/lloyds-hit-further-ps-y-charge-insurance-mis-selling?utm_source=rss_feed Thu, 29 Oct 2015 18:00:21 +0000 Scotland-based Lloyds Banking Group has left the door open for a move to London amid uncertainty over the future shape of Britain despite Scottish voters' rejection of full independence. British Prime Minister David Cameron pledged to devolve more power to Scotland and other regions after the referendum made it clear that Scotland wants a greater say on spending and taxation, which could complicate the tax affairs of companies with offices across Britain. Lloyds, one of five lenders that had... https://www.scmp.com/business/banking-finance/article/1597677/lloyds-banking-group-keeps-its-options-open-move-england?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1597677/lloyds-banking-group-keeps-its-options-open-move-england?utm_source=rss_feed Sun, 21 Sep 2014 20:28:22 +0000 Scottish First Minister Alex Salmond has demanded a probe into the disclosure of Royal Bank of Scotland's potential move to England, accusing the British government of deliberate "scaremongering" before next week's independence referendum. "A Treasury source told the BBC that it had discussed the plans with the Royal Bank of Scotland," Salmond said at a press conference in Edinburgh yesterday. "The Treasury official or ministers are not allowed to brief market-sensitive information." That was a... https://www.scmp.com/business/banking-finance/article/1590408/rbs-relocate-england-if-scotland-votes-independence?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1590408/rbs-relocate-england-if-scotland-votes-independence?utm_source=rss_feed Thu, 11 Sep 2014 22:19:39 +0000 Westpac Banking, Australia’s second-biggest bank by market capitalisation, said on Friday it had agreed to buy Australian assets from Lloyds Banking for A$1.45 billion (HK$10.6 billion). The deal, Westpac’s largest acquisition since its 2008 takeover of St George Bank, will extend the Australian lender’s reach in motor vehicle finance, equipment finance and corporate lending. The asset sale had been viewed as an opportunity to pick up assets on the cheap, at a time when Lloyds is refocusing on... https://www.scmp.com/business/banking-finance/article/1329244/westpac-buys-a145-billion-australian-assets-lloyds-banking?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1329244/westpac-buys-a145-billion-australian-assets-lloyds-banking?utm_source=rss_feed Fri, 11 Oct 2013 02:38:38 +0000 Britain has kickstarted the sale of its shares in Lloyds Banking Group, selling a 6 per cent stake in the part-nationalised lender and raising 3.2 billion pounds ($5.1 billion). The placing price was 75 pence per share, a 3 per cent discount to Lloyds’ closing price on Monday and ahead of the government’s average buy-in price of 73.6 pence. Britain’s Conservative-led coalition government regards the sale as a milestone in the country’s recovery from the 2008 financial crisis, during which... https://www.scmp.com/business/money/markets-investing/article/1311466/uk-kicks-lloyds-bank-share-sale?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1311466/uk-kicks-lloyds-bank-share-sale?utm_source=rss_feed Tue, 17 Sep 2013 03:15:50 +0000 Britain's four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More cuts may follow. Royal Bank of Scotland, HSBC, Lloyds Banking Group and Barclays will employ about 606,000 people worldwide by the end of 2013. That is 24 per cent below the peak of 795,000 in 2008 and the least since 2004, when they employed 594,000 globally. The firms are under pressure from investors... https://www.scmp.com/business/banking-finance/article/1248388/british-banks-cut-189000-jobs-take-staff-numbers-nine-year?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1248388/british-banks-cut-189000-jobs-take-staff-numbers-nine-year?utm_source=rss_feed Tue, 28 May 2013 16:00:00 +0000 Who would have thought that chicken feet could bring a US port to life? But that is indeed what they have done for the port of Savannah, Georgia. Prior to 2002, Savannah was a quiet sleepy port. Then two things happened. First, the west coast dock strike resulted in a lot of cargo being redirected through Savannah, much of which it held on to afterwards. Second, Hong Kong businesspeople started showing an interest in buying the chicken feet that hitherto had been thrown away at local processing... https://www.scmp.com/business/article/1100244/chicken-feet-give-savannah-big-foot-shipping-door?utm_source=rss_feed https://www.scmp.com/business/article/1100244/chicken-feet-give-savannah-big-foot-shipping-door?utm_source=rss_feed Fri, 07 Dec 2012 16:00:00 +0000 Lloyds Banking Group, Britain's biggest mortgage lender, posted a third-quarter loss after setting aside an extra £1 billion (HK$12.4 billion) to compensate clients mis-sold loan insurance. The net loss narrowed to £361 million from £501 million in the year-earlier period, London-based Lloyds said yesterday. Analysts had predicted a £4 million profit, according to the median estimate in a survey. "We have made further significant progress this quarter, improving underlying performance in a... https://www.scmp.com/business/banking-finance/article/1074464/lloyds-haunted-loans-insurance-problems?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1074464/lloyds-haunted-loans-insurance-problems?utm_source=rss_feed Thu, 01 Nov 2012 16:00:00 +0000 Lan Kwai Fong to build complex in Wuxi Lan Kwai Fong Holdings will expand into Wuxi city in Jiangsu province as the mainland's growing middle class demands more entertainment choices. The developer signed a memorandum of understanding with the city's government to jointly build a 140,000 square metre retail and restaurant complex, chairman Allan Zeman said. Bloomberg   Nomura slashing jobs in Europe, Africa Nomura, Japan's biggest brokerage, began eliminating about 30 per cent of jobs at its... https://www.scmp.com/business/china-business/article/1042709/business-digest-september-22-2012?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1042709/business-digest-september-22-2012?utm_source=rss_feed Fri, 21 Sep 2012 16:00:00 +0000 Do world-class sporting events really inflate property values in the host city, or is it just real estate hype? The record says they do. Certainly, owners of properties in London, hard hit by the market slowdown, will be hoping for the best, with the Olympic Games scheduled for 2012. Indeed, some may be banking on it. During the height of the downturn in 2008, one reader of a property advice column cited Beijing, previous host of the world's most prestigious sporting event, where prices... https://www.scmp.com/article/722433/owners-hope-strike-gold-after-olympics?utm_source=rss_feed https://www.scmp.com/article/722433/owners-hope-strike-gold-after-olympics?utm_source=rss_feed Tue, 17 Aug 2010 16:00:00 +0000 Michael Geoghegan, the chief executive of HSBC who moved to Hong Kong last month, is planning to give his nearly GBP4 million (HK$47.29 million) bonus to several charities, according to people familiar with the matter. The top banker is expected to announce the multimillion gifts in today's HSBC results announcement, a person close to the banker told the South China Morning Post yesterday. 'He [Geoghegan] and his wife have always been keen on doing charity for children and that is what he... https://www.scmp.com/article/707331/hsbc-chief-geoghegan-plans-give-gbp4m-bonus-charity?utm_source=rss_feed https://www.scmp.com/article/707331/hsbc-chief-geoghegan-plans-give-gbp4m-bonus-charity?utm_source=rss_feed Sun, 28 Feb 2010 16:00:00 +0000 Fat-cat fatigue is hitting new highs in Britain. Having just bailed out a number of the country's banks, taxpayers are up in arms over the sums of money expected to flow to bankers as the City enters bonus season. Underscoring this discontent is tabloid-fuelled discontent with executive excesses. As the British economy heads towards recession and the financial crisis shatters confidence, the public is baying for blood. Bonus-flush bankers are an easy target. Yet despite promises of a... https://www.scmp.com/article/660304/days-seven-digit-bonus-are-far-over?utm_source=rss_feed https://www.scmp.com/article/660304/days-seven-digit-bonus-are-far-over?utm_source=rss_feed Sat, 15 Nov 2008 16:00:00 +0000 London After the fall, the bounce. Not just in economics, but also in the state of mind, the feeling of well-being. Last week, doom and gloom reigned: Lehman Brothers had gone belly up, shedding 5,000 London jobs; markets were in free fall; Eurostar was off the rails; the capital hadn't had any sun for weeks as September ushered in the gloom of seasonal affective disorder. Knife crime was rampant; the future of London Fashion Week was at risk; and the newspapers read as if they were... https://www.scmp.com/article/653770/sunny-optimism-after-all-doom-and-gloom?utm_source=rss_feed https://www.scmp.com/article/653770/sunny-optimism-after-all-doom-and-gloom?utm_source=rss_feed Tue, 23 Sep 2008 16:00:00 +0000 People should avoid a website claiming to be operated by the International Chinese Switzerland Bank Corporation, the Hong Kong Monetary Authority said yesterday. The warning was issued after police discovered the suspected fraudulent website www.icsbc.com was offering banking services without the authority to do so. 'The public should be aware that the alleged [bank] is not authorised under the Banking Ordinance to carry out banking business or the business of taking deposits in Hong Kong,'... https://www.scmp.com/article/513919/public-told-beware-online-bank?utm_source=rss_feed https://www.scmp.com/article/513919/public-told-beware-online-bank?utm_source=rss_feed Sat, 27 Aug 2005 16:00:00 +0000 AN OFFSHORE BANK account can be in any jurisdiction that offers offshore banking facilities but, with a representative office, the customer service financial advice and transaction facilities can take on a distinctly local flavour. In 2003, Lloyds TSB Offshore moved to strengthen its service to clients by establishing a representative office in Hong Kong to provide increased support and introduce a range of banking and investment options to new and existing members of its Overseas... https://www.scmp.com/article/506207/lloyds-tsb-arm-offers-clients-full-range-services?utm_source=rss_feed https://www.scmp.com/article/506207/lloyds-tsb-arm-offers-clients-full-range-services?utm_source=rss_feed Mon, 27 Jun 2005 16:00:00 +0000 PRIVATE BANKER Stephen Richards Evans seemed the perfect person to consult on his particular executive tastes. A private banker who favours Ermenegildo Zegna suits, Mr Richards Evans is regional chief executive for private banking for Lloyds TSB Asia, Britain's largest retail bank. As Mr Richards Evans heads into work each day, his aim is to seek out the rich and famous - and alleviate from them the burden of managing their finances. Mr Richards Evans has worked for the Lloyds TSB Group in six... https://www.scmp.com/article/416830/private-banker-stays-ahead-suit-tie-and-integrity?utm_source=rss_feed https://www.scmp.com/article/416830/private-banker-stays-ahead-suit-tie-and-integrity?utm_source=rss_feed Tue, 27 May 2003 16:00:00 +0000 How to contribute Individual gifts can be donated or inquiries made by calling 8108 5085. Cheques should be made payable to Operation Santa Claus 2001, RTHK Radio 3, PO Box 70200, Kowloon. Donations can be made at Pacific Coffee outlets. Special thanks to Lloyds TSB's regional chief executive Stephen Richards-Evans who completed the Macau International Marathon on December 2, in three hours, 46 minutes, and raised $88,000. Today being the South China Morning Post's last day of coverage of... https://www.scmp.com/article/367385/cycling-santa?utm_source=rss_feed https://www.scmp.com/article/367385/cycling-santa?utm_source=rss_feed Sun, 30 Dec 2001 16:00:00 +0000 A banker will swap his well-polished shoes for a pair of trainers and run a marathon to raise money for Operation Santa Claus. Stephen Richard Evans, regional chief executive of Lloyds TSB, will take part in the Macau International Marathon on December 2. This year, the annual South China Morning Post /RTHK campaign will benefit the Kely Support Group, which helps young people with drug, sex and family problems. 'I train every day,' the banker said. 'It's quite a demanding schedule but when... https://www.scmp.com/article/364012/banker-grasps-good-cause-and-runs-it?utm_source=rss_feed https://www.scmp.com/article/364012/banker-grasps-good-cause-and-runs-it?utm_source=rss_feed Fri, 23 Nov 2001 16:00:00 +0000 Shares in Standard Chartered Bank rose sharply in London trading yesterday on speculation that it was a takeover target. The stock was up 8 per cent at 864 pence (about HK$96) at 4pm, off an early high of 893.75 pence, after reports that new chairman Sir Ian Prosser would seek a buyer. Barclays Bank, Lloyds Bank and Citigroup have been reported as being interested. https://www.scmp.com/article/363533/chartered-soars-takeover-talk?utm_source=rss_feed https://www.scmp.com/article/363533/chartered-soars-takeover-talk?utm_source=rss_feed Mon, 19 Nov 2001 16:00:00 +0000 In the Appointments column of yesterday's Business Post, the picture captions identifying Ramon Au-yeung, who has been appointed senior manager at Lloyds TSB Pacific, and Joseph Ho, appointed deputy general manager of agency management at AXA China Region, were transposed. https://www.scmp.com/article/311484/people-business?utm_source=rss_feed https://www.scmp.com/article/311484/people-business?utm_source=rss_feed Mon, 20 Mar 2000 16:00:00 +0000 Lloyds Pacific remains bullish on British mortgages for Hong Kong buyers investing in the country. The British-based lender believes factors such as Prime Minister Tony Blair's support for joining the euro will have a positive effect in improving economic conditions in 2001 and 2002. Interest rates are currently high but set to fall with inflation under control. Further falls will reduce support for sterling. Veronica Kwong, Lloyds Bank assistant marketing director, said other... https://www.scmp.com/article/275792/positive-outlook-sar-investors?utm_source=rss_feed https://www.scmp.com/article/275792/positive-outlook-sar-investors?utm_source=rss_feed Tue, 16 Mar 1999 16:00:00 +0000 French banking group Credit Lyonnais yesterday threw its weight behind a possible merger between HSBC Holdings and giant British bank Lloyds TSB, calling it 'the banking deal of the decade'. In its latest 'Banknotes' publication, Credit Lyonnais said the combination would be perfect for both groups' strategies, giving HSBC 'extra fire-power to exploit opportunities in the Far East', while Lloyds would have the chance to deploy its capital 'for ongoing super-normal profits'. The note followed... https://www.scmp.com/article/251724/hsbc-lloyds-link-liked-lyonnais?utm_source=rss_feed https://www.scmp.com/article/251724/hsbc-lloyds-link-liked-lyonnais?utm_source=rss_feed Fri, 14 Aug 1998 16:00:00 +0000 London-listed retail banking group Halifax is planning a US dollar-denominated debt issue that will be listed in Asia and Europe. Halifax operated as a building society before being converted into a commercial bank on June 2 through a public issue of shares. It is one of Britain's four largest banks by market capitalisation and one of the top 10 companies in the FTSE-100 index. Halifax has made previous international debt issues, and its strong financial strength made it possible to arrive... https://www.scmp.com/article/215452/asia-get-first-shot-halifax-debt-issue?utm_source=rss_feed https://www.scmp.com/article/215452/asia-get-first-shot-halifax-debt-issue?utm_source=rss_feed Thu, 16 Oct 1997 16:00:00 +0000 Last week's decision by Britain's Barclays Bank to stop trying to become a force in global investment banking is a testament to that industry's growing impregnability. Top players such as Wall Street's Morgan Stanley, Merrill Lynch and Goldman Sachs are consolidating at a dizzying speed to ensure they stay dominant. For Barclays chief executive Martin Taylor, the turning point came two weeks ago with the US$9 billion merger between Salomon Brothers and Traveler's Inc, which owns Smith... https://www.scmp.com/article/214025/investment-banking-proves-tough-top?utm_source=rss_feed https://www.scmp.com/article/214025/investment-banking-proves-tough-top?utm_source=rss_feed Sun, 05 Oct 1997 16:00:00 +0000 A FEAST of riches resulting from the marriage of two of the banking world's most famous names will soon be available to Hong Kong investors. A range of new services for clients of either Hill Samuel Bank or Lloyds Plc is being introduced as a result of the two banks merging in December 1995. Regional marketing director Barry Lea said the companies had waited until completing their integration in Britain before concentrating on their overseas holdings. In the last few months the process... https://www.scmp.com/article/193714/marriage-should-prove-fruitful?utm_source=rss_feed https://www.scmp.com/article/193714/marriage-should-prove-fruitful?utm_source=rss_feed Sat, 26 Apr 1997 16:00:00 +0000 Lloyds TSB Bank has been granted a restricted banking licence to operate in Hong Kong, a spokesman for the Hong Kong Monetary Authority said. It would take over business of the Hong Kong branch of Hill Samuel Bank as part of a restructuring process. Existing activities of the bank's representative office in Hong Kong will also be carried out at the branch. https://www.scmp.com/article/193484/lloyds-bank-wins-licence?utm_source=rss_feed https://www.scmp.com/article/193484/lloyds-bank-wins-licence?utm_source=rss_feed Thu, 24 Apr 1997 16:00:00 +0000 HONG KONG-based savers and borrowers with Britain's biggest building society, the Halifax, stand to benefit from a huge share bonanza worth about GBP1,300 (about HK$16,289) to each qualifying member if a plan to float the society's shares in June gains approval. Hong Kong account-holders should already have received voting forms, which must be returned to the Halifax before midnight on February 17. The vote takes place on February 24. About eight million account-holders - savers and... https://www.scmp.com/article/183802/savers-line-share-bonanza?utm_source=rss_feed https://www.scmp.com/article/183802/savers-line-share-bonanza?utm_source=rss_feed Sat, 01 Feb 1997 16:00:00 +0000 A top level review of Clerical Medical International's future has been further complicated by the announcement that the parent company is to be taken over by Halifax, Britain's biggest building society. The review, Countdown to 2001, will scrutinise all aspects of the company's operations, including the Hong Kong division. Halifax has announced it will pay GBP800 million, a GBP730 million contribution to the with-profit fund and GBP70 million towards shareholders capital, for Clerical... https://www.scmp.com/article/154270/revision-planned-cmi-merged?utm_source=rss_feed https://www.scmp.com/article/154270/revision-planned-cmi-merged?utm_source=rss_feed Tue, 26 Mar 1996 16:00:00 +0000 SHARES fell in London for the second consecutive day, again depressed by a slump on Wall Street, where there was a batch of profit-taking. The blue-chip Financial Times Stock Exchange 100-share index closed at 3,639.5, down 35 points from the previous close. The narrower FT-30 index was at 2,729.9, a drop of 17 points. At 4 pm, half an hour before the market closed, volume of shares traded was 582.2 million, compared to 524 million the same time on Monday. Equities strategists... https://www.scmp.com/article/152577/shares-continue-slide?utm_source=rss_feed https://www.scmp.com/article/152577/shares-continue-slide?utm_source=rss_feed Tue, 12 Mar 1996 16:00:00 +0000 LONDON: National Westminster Bank (NatWest) is planning to cut at least 500 branches from its network of 2,679 outlets in the next three years, according to Martin Gray, head of branch banking in the UK. Trustee Savings Bank (TSB) is also expected to reduce its network from 1,360 branches to 1,000 over the next few years, although the bank denies such a severe closure programme. ''We are looking at taking costs out of the system, but no major programme is planned,'' a spokesman said. ... https://www.scmp.com/article/47294/natwest-close-least-500-branches?utm_source=rss_feed https://www.scmp.com/article/47294/natwest-close-least-500-branches?utm_source=rss_feed Sun, 10 Oct 1993 16:00:00 +0000 AN offshore bank account can come in many forms. It is possible through an account such as the Overseas Club, offered by Britain's Lloyds Bank, to have a full banking service identical to that found at any regular bank: with cheque books, standing orders,plastic cards all available. Through that one centre it is also possible to pick up information on all the services provided in the banking network; for example, property search, mortgage arrangements and valuations. It can also offer... https://www.scmp.com/article/26398/myriad-services-offered-lloyds?utm_source=rss_feed https://www.scmp.com/article/26398/myriad-services-offered-lloyds?utm_source=rss_feed Sat, 17 Apr 1993 16:00:00 +0000