Lloyds Expects Profits in 2010

Lloyds Banking Group have announced that they think they will make some good profits in 2010.  The news, which surprised the markets, sent European shares up – with banks in the lead.

Lloyds is 41% owned by the Government, since it required a big bailout in 2009 at the height of the financial crisis.  Many (including taxpayers, one might presume) are sure to be happy at the news that the banking giant is now looking set to make good profits.

Meanwhile, the currency exchange market is still unhappy about Greece.  And the UK.  Thanks to a comment from a Bank of England official, that the risk of a ‘double-dip’ is still possible for the UK economy, the pound dipped in this morning’s trade.

Advertisements
Explore posts in the same categories: Uncategorized

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: