Lloyd's Banking Group post biggest half-year profit for eight years

Lloyd's Banking Group post biggest half-year profit for eight years
 

The UK’s biggest mortgage lender’s improving financial health enabled it to hike its dividend payout by 18 per cent as its pre-tax profit rose 4 per cent to £2.5 billion. 
But shares fell 1½p to 67½p as it set aside a further £700 million in the second quarter for payment protection insurance misselling. 
It is also paying £283 million compensation to mortgage customers who incurred fees after falling behind with payments. 
Chief executive Antonio Horta-Osorio said: “We are well placed to help Britain prosper. The UK economy remains resilient.”
He went on to say: “Following the successful... read more

 
28 July 2017 in Business, Views: 44
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