Big decision day for shareholders in Lloyds TSB as they prepare to vote today on the proposed takeov...
Big decision day for shareholders in Lloyds TSB as they prepare to vote today on the proposed takeover of HBOS. Shares in both groups shot up in early trading this morning, with the buyer Lloyds up 3.73% at 8.17am, to 136.10p and HBOS also rising 8.41%, to 68.30p. If agreed, the merger would create a banking giant of around 3,000 branches. The FTSE opened at 4203.71 this morning, shooting down to 4168.36 in early trades, forced down by Xstrata, down almost 6% to 754p, Vodafone, HSBC and L&G, which has seen poor stock prices all week. As well as the two soon-to-be-merged banking gian...
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