Lloyds TSB's pre-results trading statement released this morning has caused its shares to tumble 12p...
Lloyds TSB's pre-results trading statement released this morning has caused its shares to tumble 12p to 630p by midday as earlier readings of good headline sales figures have been replaced by reactions to the company's admission that it will have to boost the provisions set aside to cover bad debts primarily caused by falling stock markets. Overall loans and advances to customers in the year to 31 March were up 12% to £128.3bn and the firm remains on target to end the year with the average customer holding 2.5 products. The Scottish Widows life and pensions business has been tra...
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