Lloyds says taxpayers have made £900mln profit from government's bailout
Lloyds chief executive, António Horta-Osório, is likely to face questions on whether he intends to stay at the bank after the government offloaded the rest of its stake
Company
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
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Lloyds chief executive, António Horta-Osório, is likely to face questions on whether he intends to stay at the bank after the government offloaded the rest of its stake
The UK blue chip index closed down 18.56 points at 7,503
Lloyds's compensation costs are mounting in relation to the HBOS Reading fraud and the mis-selling of payment protection insurance and investment products
The FTSE 100 index closed up 68.94 points at 7,523 - a new record high
Google has tried to soothe advertisers' woes about extremist content by making changes to its technology
The UK blue chip index closed at 7,454, below the new intra-day peak of 7,460.20, but above the previous high of 7,447 hit in March
Woodford Investment Management said it sees Lloyds as a "well managed bank" with the ability to pay a "very healthy and growing" level of dividend
Lloyds has already set aside compensation for mis-sold payment protection insurance
At the close, the UK blue chip index was up 0.7%, or 48.8 points at 7,435.4, not far below its all-time record of 7,447.0
RBS continues to trail behind Lloyds in its efforts to turnaround the struggling bank
Lloyds chief executive Antonio Horta-Osorio is understood to be on the hunt for a new job after the government completes the sale of its stake in the bank
Investments and investor services
The Footsie was back in black - but only just - thanks to precious metals miners
Lloyds is understood to be drawing up contingency plans amid rumours that its chief executive is looking for another job
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Thursday brings the fourth quarter trading update from BT Group, while the banking AGM season continues.
Margin resilience as it brings down unnecessarily high deposit rates will help Lloyds stand out from it peers
Underlying profits were 10% above expectations at £2.1bn
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The boss of Goldman Sachs has warned the bank may have to move jobs and operations out of London depending on the outcome of Brexit
Barclays Capital raised its target for RBS to 260p from 250p to reflect medium-term earnings upgrades; Citigroup hiked its RBS target price target price to 220p from 190p
Michelle McGrade, chief investment officer of TD Direct Investing said she believes Lloyds “promises to be a dividend cash cow in years to come”