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Business Secretary Vince Cable said he was 'disappointed' to hear news that Lloyds Banking Group was cutting almost a quarter of its small business advisers. He is said to be "very angry" and will demand an explanation from the bank's boss Antonio Horta-Osorio on why he wants to cut 600 of its 2,70
Read more- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Updates from blue chips come in mixed techMARK 2,760.98 -0.25% FTSE 100 6,524.90 -0.30% FTSE 250 15,650.01 -0.24% The Federal Reserve's decision
Read moreAmedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read more- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Barrage of data out elsewhere techMARK 2,761.89 -0.22% FTSE 100 6,518.96 -0.39% FTSE 250 15,677.69 -0.07% UK equities got off to a poor start on
Read moreBP should remain barred from winning any new contracts with the American government because it has not demonstrated that it is a "responsible" contractor following the 2010 Gulf of Mexico oil spill, the US Department of Justice has said. The oil giant is fighting to overturn a decision made by the U
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* UK branch network will shrink as technology, behaviour change * Barclays dismisses reports it will unveil significant reduction * Bank to take 330 mln pound hit from litigation, regulations in Q4 By Steve Slater LONDON, Jan 29 (Reuters) - Barclays will close bank branche
Read moreLONDON, Jan 29 (Reuters) - Draft European Union plans to curb risky trading at banks have been designed to allow Britain to fully introduce its own reform of trading, the UK finance ministry said. EU financial services chief Michel Barnier published a draft law on Wednesday to ban speculati
Read more* Pre-marketing ahead of IPO began this week - sources * IPO could come as early as June - sources By Matt Scuffham LONDON, Jan 29 (Reuters) - Lloyds Banking Group Plc has kicked off preparations for a summer 2014 stock market listing of its TSB brand, launching an investor roa
Read moreLONDON, Jan 29 (Reuters) - Barclays is planning to shut 400 UK branches, or a quarter of its network, as part of the bank's plan to cut costs, the Financial Times said on Wednesday. Chief Executive Antony Jenkins is due to lay out a final phase of his overhaul plan in two weeks and set new
Read moreLloyds Banking Group has pushed the button on its 1.5bn pound-plus float of TSB after rejecting an 11th-hour approach from a group of institutional investors. TSB's management, led by Chief Executive Paul Pester, has begun meeting potential investors to ask them to back the pending flotation of the
Read more- Markets finish higher, upside limited after Fed - UK GDP up 0.7 per cent in Q4 - Fund managers, banks lift markets higher techMARK 2,781.48 +0.71% FTSE 100 6,572.33 +0.33% FTSE 250 15,715.83 +1.21% UK markets registered small gains on Tuesday as stocks recovered after five straight days of losse
Read moreLeading the upside was Lloyds Banking Group as the company announced progress with its plan to put it back on track for profitability. In line with a UK government objective of returning the bank to private ownership, it unveiled another round of planned job cuts. Water group Severn Trent continue
Read moreLONDON, Jan 28 (Reuters) - State-backed Lloyds Banking Group said on Tuesday it was shedding 1,080 jobs as part of its 2011 plan to deliver 1.5 billion pounds ($2.3 billion) of annual savings by this year. Lloyds, 33 percent owned by the British taxpayer, said the jobs were going in its re
Read moreState-backed Lloyds Banking Group is shedding nearly 1,400 jobs as part of an overhaul aimed at returning it to the private sector. Lloyds, which is 33%-owned by the British taxpayer following its bailout in the financial crisis, said 1,080 jobs would go in its retail, risk and commercial banking a
Read more* Baker-Bates says branch deal was a 'giant step too far' * Baker-Bates says his concerns were ignored by board By Matt Scuffham LONDON, Jan 28 (Reuters) - The former deputy chairman of Britain's Co-operative Bank said he stepped down because he opposed its plans to buy hundreds
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