Shares in Lloyds TSB rose 4.75% yesterday after it posted a 6% rise in pre-tax profits to £3.9bn and boosted its dividend, despite taking a higher-than-expected hit on assets exposed to the US sub-prime mortgage crisis.
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Show of strength at Lloyds TSB as bank posts profits of £3.9bn
Shares in Lloyds TSB rose 4.75% yesterday after it posted a 6% rise in pre-tax profits to £3.9bn and boosted its dividend, despite taking a higher-than-expected hit on assets exposed to the US sub-prime mortgage crisis.
