August 30, 2014

Lloyds reports first profit in three years but share price falls

Lloyds Banking Group posted its first pre-tax profit for three years, but Lloyds’ share price fell on Thursday as analysts feared a stock ‘overhang’ as  the government’s share sale of its Lloyds stake edged closer.

Lloyds posted a £415m pre-tax profit for 2013 as its CEO claimed that the bank is ‘back to normal’.

Lloyds share price ended Thrusday down by 2.65pc to close at 81.32.

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