Lloyds Banking Group chief executive Antonio Horta-Osorio wields the axe on another 15,000 staff in Britain's biggest jobs cull, while setting out plans for a fresh assault on the UK banking market through a revitalised Halifax... more
Taxpayer-backed Lloyds Banking Group is expecting to face tough questions at its annual meeting over a multimillion-pound pay deal for its new chief executive... more
Shares in the life assurance sector have been among the best performers this year - partly out of relief that they were not going to go bust in the wake of the financial crisis and partly because the current generation of management seems to be much more positive about listening to shareholders and getting to grips with some of the long-standing issues of what constitutes genuine growth and efficiency... more
City comment: Anyone in search of proof that "the road to hell is paved with good intentions" need look no further than the Retail Distribution Review - the blueprint for how financial products are to be sold in the future... more
City Comment: One of the great paradoxes of the insurance industry is that although it badly needs to consolidate, when it tries it usually fails and never seems to learn from the experience... more
Property fund manager Invista could wind itself up or be sold after Lloyds Banking Group says it will withdraw almost half the value it manages... more
On Property: Minerva should give a seat on the board to Philip Lewis, the man revealed as representing the 29.9% stake held by largest shareholder Nathan Kirsh... more
On Property: The City is optimistic about Shaftesbury as an "unprecedented number of visitors" hits its patch, so how can it move the share price further?... more
City Comment: There was a time not long ago when most of the best-known life assurance companies were mutuals — but the sector struggles against fundamental problems... more
The future of Scottish Widows was in the spotlight after it emerged sales at the pensions and insurance division of Lloyds Banking Group have cratered... more
Friends shareholders were told today that Resolution’s takeover plan would pay them a minimum £1500 cash sweetener and preserve their dividend
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A company boss who went to war with his City banker neighbour in a row over an access road, a fence and a loose screw landed a £200,000 legal bill at the High Court... more
Lloyds TSB is undoubtedly the least burnt of the big British banks. As the others scrabble for capital and/or make multi-billion-pound write-offs, it sails on in relative serenity... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
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