UK bank chief set for £2.3m bonus despite £440m loss

Lloyds chief executive Antonio Horta-Osorio is on course to land a share price linked bonus currently worth around £2.3m within weeks.

The UK state-backed group may have notched up £440m losses for the quarter and face an £8bn bill for the payment protection insurance mis-selling scandal, but underlying performance is improving and shares are buoyant.