Lloyds Buy Pig In A Poke For GBP10.8 Billion
Lloyds Banking Group shares fell 14% this morning, leading the FSTE lower, after they revealed that HBOS made a pre-tax loss of £10.8bn in 2008.
HBOS took a £9.9 billion hit on bad loans, it says.
Lloyds themselves did manage to turn in a profit, albeit only £807 million, 80% down on a year ago. They haven't quite joined the club yet, but are still in talks with the government regarding their participation in the asset protection scheme.
Still, they did manage to claw back £25 of their losses from yours truly when my personal account went overdrawn by £1.71, so all-in-all it could have been worse eh lads? City analysts point out however that my £25 won't show up in the accounts until next year.
Lloyds Animal Feeds Fined
(Market Drayton Advertiser) -- Lloyds Animal Feeds has been fined after admitting failure to comply with an abatement order.
Campaigners have secured an important victory over a poultry farm near Stoke Heath, who they blame for a plague of flies in the village, reports Market Drayton Advertiser.
Lloyds Animal Feeds, which is based in Oswestry, was fined £7,000 and ordered to pay more than £10,000 costs after admitting failure to comply with a district council abatement order.
Complaints began in 2005 and were investigated by environmental health officers. As a result, North Shropshire District Council served the abatement order in August 2006 on Lloyds, which has an egg production plant in Stoke Heath.
Further complaints were received from local residents in April last year, and legal action was launched following another investigation.
