Lloyds to axe hundreds of jobs

Lloyds Banking Group today said up to 460 full and part-time jobs would go after it agreed to sell its Halifax Estate Agencies division for £1 (€1.09).

The sale of the loss-making business to Your Move owner LSL Property Services will see the closure of 121 banking counters within the agency’s offices early next year.

Lloyds said the agency, which has 218 offices, was no longer part of its plans although it added compulsory redundancies among counter staff would be a “last resort”.