Confidence in the UK economy has hit a post-crisis high despite soaring valuations pointing towards a correction, according to the FT.
Lloyds will price its initial public offering of TSB at between 220p and 290p per ordinary share, with the float set for 20 June.
Why the MPC should ramp up QE to stop inflation falling
Markets were mixed overnight after European Central Bank president Mario Draghi revealed he was cutting interest rates, including a move to a negative deposit rate.
The European Central Bank has cut benchmark interest rates to a new historic low of 0.15% as it acts to stimulate economic growth and stave off another downturn.
Expectations are running high that the European Central Bank (ECB) will loosen its monetary policy at its meeting on Thursday.
Rate rises: Are strat bonds the key to protecting portfolios?
Neil Woodford is considering opening talks with his former firm Invesco Perpetual about a private multi-billion pound deal to bring across his old stakes in the country's largest stocks, and avoid creating havoc in their share prices.
House prices continued to rise across the UK in May but there has been a slight slowdown in the rate of inflation compared to April, according to a survey by property analysts.