FTSE on the rise

Lloyds Banking Group bucked an improved trend for the London market today after the part-nationalised bank posted a £6.3bn (€7bn) annual loss.

FTSE on the rise
Fri, 26 Feb, 2010 - 15:11

Lloyds Banking Group bucked an improved trend for the London market today after the part-nationalised bank posted a £6.3bn (€7bn) annual loss.

Shares fell 5% or 2.7p to 52.2p as the bank counted the cost of a staggering £24bn (€26.8bn) in bad debts, mainly stemming from rescued bank HBOS.

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CourtsBusinessFTSEPlace: LondonPlace: AtlanticPlace: AntofagastaOrganisation: FTSEOrganisation: Lloyds Banking GroupOrganisation: HBOSOrganisation: US governmentOrganisation: AIGOrganisation: Vedanta ResourcesOrganisation: Rio TintoOrganisation: SercoOrganisation: AvivaOrganisation: INGOrganisation: Royal Bank of ScotlandOrganisation: BarclaysOrganisation: VodafoneOrganisation: BTOrganisation: RightmoveOrganisation: MisysOrganisation: Morgan Stanley
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