FTSE down slightly after HBOS revelations

A shock profit warning from Lloyds Banking Group for its HBOS arm sent the stock plummeting today and dragged the banking sector deep into the red once more.

FTSE down slightly after HBOS revelations
Fri, 13 Feb, 2009 - 17:26

A shock profit warning from Lloyds Banking Group for its HBOS arm sent the stock plummeting today and dragged the banking sector deep into the red once more.

An unexpected alert to a potential £10bn (€11.1bn) annual loss at struggling HBOS saw Lloyds shares fall as much as 40% at one stage.

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CourtsBusinessFTSEPlace: UKPerson: Thomas CookPerson: Clara FurseOrganisation: FTSEOrganisation: HBOSOrganisation: Lloyds Banking GroupOrganisation: LloydsOrganisation: Royal Bank of ScotlandOrganisation: BarclaysOrganisation: Deutsche BankOrganisation: L&GOrganisation: FootsieOrganisation: B&QOrganisation: KingfisherOrganisation: UBSOrganisation: HomebaseOrganisation: Home Retail GroupOrganisation: London Stock ExchangeOrganisation: British LandOrganisation: JJB SportsOrganisation: Southern Cross HealthcareOrganisation: SchrodersOrganisation: Tate & Lyle
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