Summary
FRIDAY. THE market ended the week on a low note.
Financial stocks featured heavily on the Footsie fallers board after disappointing figures from Lloyds TSB had an impact on most other banks, with only HBOS improving. Oil prices were also taking their toll, reaching a new high of $43. 25 in New York and putting pressure on a host of companies including chemicals-to-paints group ICI. Lloyds TSB blamed the sale of overseas businesses for a 7% fall in half-year profits to pounds 1. 56bn.See the full content of this document
Extract
London Market
Shares in Lloyds were 1. 5p lower at 412. 25p, while a number ...
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