Lloyds bank posts net profit slump
Posted by Fri, Feb 26 2016 11:26 am
on Lloyds Banking Group on Thursday announced a 59-percent slump in annual net profits on huge fresh costs linked to the mis-selling of a controversial insurance product.
But its share price surged to the top of the London leaderboard, as investors welcomed a rise in underlying profits and the offer of a special dividend to shareholders.
News:The Daily Star/26-Feb-2016
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