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Lloyds says first-half loss narrows
Jul 26th, 2012
Lloyds bank said Thursday that it cut interim net losses on the back of restructuring measures, but set aside more cash to compensate customers who were mis-sold insurance. (Source: AFP) -
By Matt Scuffham LONDON (Reuters) - Shares in state-backed Lloyds Banking Group rose above the level which the government sees as its break-even price after its 20.5 billion pound rescue of the bank, raising hopes of a sale this year. Lloyds shares, the top performer in the FTSE-100 last year, rose 2.5 percent to reach 62.5 pence at 13:00 p.m. on F... [Full Article]
LONDON (Reuters) - Britain stood its ground on its approach to fixing the weak economy on Tuesday, a day before the International Monetary Fund is expected to call for a softening of its austerity push. "Our view is that the economy is healing and we are on the right road, but we have to stick to it," a spokesman for Prime Minister David ... [Full Article]
It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than ... (Source: Associated Press)... [Full Article]
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