Lloyds TSB weighs on FTSE after B&B take-up

clock

Shares in Lloyds TSB tumbled in early trading on Thursday on the back of reports it has raised its stake in troubled lender Bradford & Bingley (B&B).

Lloyds TSB Group shares have plummeted 9.5p, or 3.279%, to 280.75 helping pull the blue-chip index lower to 5,336.4, a drop of 35.4 points, or 0.669%. Schroders are also down to 844p, a change of 25p, while the Royal Bank of Scotland has dropped 208p, a drop of 6p. However, Tullow Oil continues its positive run, climbing to 770p, up by 28.5p, and Eurasian (WI) is up 39p, or 3.8%, to £10.66p. In New York, the Dow Jones climbed 68.88 points, or 0.61%, to 11417.43 points at the close of trading on Wednesday. Merc Co, Intel Coporation and Procter Gamble all struggled, but their losses were...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read
UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

Speaking at IA annual conference

Sorin Dojan
clock 26 June 2025 • 2 min read
Trust in ONS data 'very low' as financial services shifts to alternative sources

Trust in ONS data 'very low' as financial services shifts to alternative sources

Follows latest inflation blunder

Sorin Dojan
clock 24 June 2025 • 4 min read