Lloyds Banking Group climbed the FTSE 100 Index leaders board today after news that Victor Blank will step down as chairman.

Lloyds Banking Group’s hunt for a new chairman was underway today following the resignation of Victor Blank.

Victor Blank today said he will retire as chairman of part-nationalised Lloyds Banking Group before the firm’s annual meeting next year.

Lloyds Banking Group chairman Victor Blank is set to step down, it was reported today.

The UK Shareholders Association (UKSA) today said it was forming an action group to represent smaller investors in Lloyds Banking Group in the wake of its latest bail-out from British taxpayers.

Bosses of Lloyds Banking Group were facing calls to quit today as the stock market prepared to give its verdict on the latest multi-billion pound bailout by the British taxpayer.

Fearful traders continued to drive banking shares lower today as Lloyds and Barclays joined Royal Bank of Scotland in suffering heavy losses.

Lloyds TSB shareholders today backed the proposed takeover of ailing rival HBOS.

UK banking giant Lloyds TSB today announced a £12.2bn (€15.5bn) takeover of rival Halifax Bank of Scotland.

Banking group Lloyds TSB was today reported to be working on plans to buy Germany’s Dresdner Bank from insurance giant Allianz.

Argos owner GUS fired the starting gun today on a long-awaited move for the separation of its retail business from credit-checking arm Experian.

Retail giant GUS was today reported to have spurned a £7bn (€10bn) approach for its Experian credit checking agency.

British newspaper group Trinity Mirror today said cost savings boosted profits last year despite a slowdown in advertising revenues.

The ISEQ was up 53.06 points at 7496.86 at 10.30am today, as many of the large companies posted gains.

Banking group Lloyds TSB today ended an 18-month search for a new chairman by announcing the appointment of City grandee Sir Victor Blank.

The London market slipped lower today after severe losses on Wall Street triggered a heavy sell off this morning.

Newspaper group Trinity Mirror today confirmed City grandee Sir Victor Blank was standing down as its chairman.

Argos owner GUS signalled the break-up of its operations today with the demerger of luxury goods brand Burberry later this year.

Newspaper group Trinity Mirror reflected the downturn in consumer confidence today after it said advertising revenues fell in March and April.

Newspaper group Trinity Mirror offered further signs of a more buoyant advertising market today after seeing revenues continue to rally.