Lloyds bank posts net profit slump

Posted by BankInfo on Fri, Feb 26 2016 11:26 am

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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