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Lloyds TSB faces competition as HBOS gets more bidders

Business | Banking
2008-11-3

LLOYDS TSB Group Plc, the United Kingdom bank that has agreed to take over mortgage lender HBOS Plc, may face competition from another suitor that has contacted the British government about a possible offer. Scottish...

Bad loans slash Lloyds profit

Business | Banking
2008-7-31

LLOYDS TSB Group Plc, the biggest bank that depends almost entirely on fees from lending in the United Kingdom, yesterday reported first-half profit that fell a more-than-estimated 63 percent because of bad loans and...

UK bank considers bid for Dresdner

Business | Banking
2008-6-23

LLOYDS TSB Group Plc, Britain's biggest provider of checking accounts, may bid for Allianz SE's Dresdner Bank to reduce dependence on the UK, where growth is slowing, two people familiar with the matter said. Chief...

Inflation remains above target

Business | Macro-economy and policy
2008-1-16

THE United Kingdom inflation rate unexpectedly held above the Bank of England's two-percent target for a third month in December, adding to the case for fewer interest-rate cuts this year. Consumer prices increased...

UK plants hike prices at fastest speed

Business | Macro-economy and policy
2008-1-15

UK factories increased prices at the fastest annual pace since 1991 in December, adding to the case for the Bank of England to wait before cutting interest rates further. Manufacturing output prices rose five percent...

European bank bides its time

Business | Macro-economy and policy
2008-1-11

THE European Central Bank left interest rates unchanged yesterday as concern that economic growth is slowing prevented it from acting against faster inflation. The Frankfurt-based ECB kept the benchmark refinancing...

Lloyds sees more profit on loans to companies

Business | Banking
2006-2-25

LLOYDS TSB Group Plc, Britain's fifth-largest bank by assets, unexpectedly posted higher second-half profit as an increase in revenue from lending to corporations outweighed a slowdown in consumer banking.

Exporters do well

Business | Foreign trade
2004-8-16

UK exporters reported their best performance in eight years, the Independent newspaper said, citing a survey from Lloyds TSB Group Plc, Britain's fifth-largest bank by assets. Lloyds TSB's "Business in Britain" survey showed that 45 percent of companies reported a rise in export sales in the first half of 2004, an increase of 7 percent on the same period last year, the Independent said.

Lloyds looks at stake in China

Business | Foreign investment
2000-10-19

U.K.-BASED financial powerhouse Lloyds TSB Group Plc. is considering making its debut on the Chinese mainland in anticipation of China's entry into the World Trade Organization, said Stephen Richard Evans, regional chief executive of Lloyds TSB Pacific Ltd.

Lloyds' profit rises

Business | Securities
2000-7-31

LLOYDS TSB Group Plc said first-half profit rose 12 percent as the UK's No. 2 bank by market value boosted earnings from insurance and fund management, offsetting a decline in mortgage and net interest income.