Financials drag FTSE down

Depressed financial stocks dragged on the market today as Lloyds TSB rattled investors with its latest trading update.

Financials drag FTSE down

Depressed financial stocks dragged on the market today as Lloyds TSB rattled investors with its latest trading update.

The high street group said it was satisfied with its performance so far this year but the City’s focus was on hefty provisions of more than £200 million.

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