Lloyds Banking Group PLC (LON: LLOY) continues to lose against the background of a European financial negativity. The banking sector is no longer credible to investors. Lloyds Banking Group was 73.50 points, losing -1.62 (-2.16%) in the first minutes of trading.
One of the leading British banks Lloyds Banking Group PLC (LON: LLOY), 40% owned by the British Government, said that its profit amounted to £ 1,6 billion ($ 2.5 billion) the first half of 2010. The figure above forecasts of analysts polled by Thomson Reuters and Bloomberg, the expected profit at £ 620-700 million ($ 1-1,1 billion).
Lloyds Banking Group PLC has become one of the leading blue chips at the UK stock market. Lloyds Banking Group has completed the bidding at 56.96 points, gaining +2.19 points, or 4.00%. British banking group Lloyds Banking Group PLC cuts 650 jobs in the UK.