Question:

What is Lloyds Bank disposal plan

by Guest327 | 12 years, 6 month(s) ago

What is Lloyds Bank disposal plan. the plan is smiple try to clean up the mess created by people who didn't know anything and its being cleaned by those who don't know anything. Lloyds, 43% owned by the UK government, will sell 600 branches, the TSB brand, its internet unit Intelligent Finance as well as some non-core businesses and the riskier portfolios inherited with its HBOS acquisition. Lloyds shares are up 0.1p to 91.1p on the news.

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amomipais82

Hi,
Lloyds Banking Group has edged higher after the European Commission cleared its disposal plans in return for the billions of pounds of state aid it has received.

Lloyds, 43% owned by the UK government, will sell 600 branches, the TSB brand, its internet unit Intelligent Finance as well as some non-core businesses and the riskier portfolios inherited with its HBOS acquisition. Lloyds shares are up 0.1p to 91.1p on the news.

Elsewhere it has been a busy day for companies finding new bosses, and takeover news. First ITV, up 2.7p at 54.65p, announced Archie Norman as its new chairman, then Marks & Spencer - 17.3p better at 385.6p - unveiled Morrisons' Mark Bolland as as its choice for chief executive . Morrisons lost 12.6p to 282.9p on the news.

In between all that Hershey and Ferrero confirmed they were looking at their options regarding Cadbury, up 9.5p at 797.5p.

Overall the FTSE 100 continues to move higher, up 21.42 points at 5367.35. The Bank of England's minutes revealed a three way split, with most favouring a £25bn expansion of quantitative easing but one member punting for £40bn and one none at all.
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