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* 395 mln pounds paid out in staff bonuses * CEO gets 1.7 million pound bonus * Union criticises pay awards * CEO says bank has time to assess Scottish independence * Shares down 4 percent on fear of stock overhang By Matt Scuffham and Steve Slater LONDON, Feb
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- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce, Lloyds and Rio fall after updates - AMEC, Imperial rise techMARK 2,817.35 -0.49% FTSE 100 6,649.80 -0.38% FTSE 250 15,999.35 -0.50% UK stocks opened with moderate losses on Thursday after poorly-received results and updates from a nu
Read more- Small losses ahead of quiet session - Yellen testimony postponed - Attention to turn to German CPI and Greek unemployment The FTSE is set to open in the red this morning ahead of what is expected to be a fairly quiet day. City sources predict the FTSE 100 will open 17 points lower than yesterda
Read moreLONDON, Feb 13 (Reuters) - State-backed Lloyds Banking Group said it paid 395 million pounds ($655 million) in bonuses last year, up 8 percent on the year before, as it reported a profit for the first time since it was rescued by taxpayers six years ago. Lloyds, 33-percent owned by the gov
Read more- Underlying profits rise 140 per cent to 6.2bn pounds - Underlying income up two per cent at 18.8bn pounds - Costs and impairments lower - Non-core asset reductions ahead of plan, capital position improves - Bonuses up, CEO paid 1.7m pounds in shares Underlying profits at Lloyds Banking Group more
Read moreLONDON, Feb 13 (Reuters) - State-backed Lloyds Banking Group could take another step towards returning to private hands on Thursday when it unveils 2013 results, having already flagged it will return to profit for the first time since the 2008 financial crisis. Lloyds, 33 percent-owned by
Read moreBy Belinda Goldsmith EDINBURGH, Feb 13 (Reuters) - Britain will warn Scotland on Thursday it can't keep the pound if it votes for independence, its boldest attempt yet to scuttle a nationalist bid to break the 307-year-old union with England. In the latest salvo of a choreographed cam
Read more* Scots to vote on independence on Sept. 18 * Nationalists say pound best option for independent state * UK politicians to tell them they can't keep the currency * UK government is stepping up campaign against a breakaway By Andrew Osborn and Belinda Goldsmith LONDON
Read moreAhead of the release of its full year results on Thursday, Lloyds Banking Group reached an agreement with UK Financial Investments (UKFI) regarding the amount of bonuses which it will be allowed to pay out. The lender will announce its intention to pay out just under £400m in bonuses, an approxima
Read moreThursday's agenda will be jam-packed with economic releases and company results including finals from Lloyds Banking Group, Rio Tinto and Rolls-Royce. Ahead of its annual results, Lloyds has agreed a deal to pay about £395m in bonuses, including an award of more than £1.5m for its Chief Executive A
Read more* CEO McEwan hasn't discussed moving HQ with Minister Cable * McEwan "pragmatic when it comes to pay" By Matt Scuffham and Steve Slater LONDON, Feb 12 (Reuters) - Royal Bank of Scotland (RBS) will adapt its business in the event of Scots voting for independence from the rest of
Read more* Bailey "surprised" by Bischoff evidence to lawmakers * Bailey says Co-op concerns passed to Lloyds in 2011 * MPs probing collapse of Lloyds branch sale to Co-op By Matt Scuffham and Freya Berry LONDON, Feb 11 (Reuters) - One of Britain's senior financial regulators said
Read moreBRUSSELS, Feb 11 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS -- Spanish builder Sacyr and Lloyds Bank unit LBEIP to acquire joint control of hospital
Read more* Banks decided to create standards body last September * Chairman, CEO of new body should be non-bankers - Lambert * Most of new body's board should be non-bankers, he says * Body should be up and running by end of year - Lambert By Matt Scuffham LONDON, Feb 10 (Reu
Read more- Stocks at highest level since January 24th - Markets awaiting Yellen, Draghi and Carney - Precious metal producers jump, Barclays gains ahead of FY results tomorrow - Energy companies come under criticism from MPs techMARK 2,806.76 +0.59% FTSE 100 6,591.55 +0.30% FTSE 250 15,910.72 +0.29% The UK
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