Despite some heavy falls from banking heavyweights Lloyds and Standard Chartered, UK stocks advanced on Tuesday morning as the FTSE 100 rebounded from a one-week low. London's benchmark index was up 0.6% at 6,404 in early deals, helped by decent gains from oil major BP. The Footsie closed at 6,363.
Read more** Standard Chartered posts steep falls in robust volume after Q3 operating profit dropped 16 pct on bad debt rise & higher costs. ** Stock one of only two decliners on Britain's FTSE 100 , down 5.9 pct, biggest one-day percentage drop since Dec. 2013. ** Trading volume already at hal
Read moreLondon's blue chips are set for a reversal of Monday's losses, with a degree of calmness expected in markets ahead of Wednesday's Federal Open Market Committee (FOMC) meeting. City sources predict the FTSE 100 will open around 32 points higher than Monday's close of 6,363.46. "It's been a very calm
Read moreLONDON, Oct 28 (Reuters) - Lloyds Banking Group remains hopeful of paying a dividend for 2014 despite only achieving a narrow pass in a stress test by European regulators, Finance Director George Culmer told reporters on a conference call. The bank, 25 percent-owned by the British governme
Read moreUnderlying profits were higher than expected at Lloyds Banking Group in the third quarter as it confirmed cost-cutting plans to cut 9,000 jobs and close a net 150 branches, but a further provision for miss-sold payment protection insurance (PPI) were worse than anticipated. The bank's underlying pro
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Read moreLONDON, Oct 28 (Reuters) - Lloyds Banking Group said on Tuesday it would set aside a further 900 million pounds ($1.45 billion) to compensate customers for mis-sold loan insurance, bringing its total bill so far to over 11 billion pounds. Lloyds also said it will close 150 branches over th
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