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...
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