Lloyds attracting strong interest for sell off TSB, The Daily Mail says Lloyds is attracting strong demand for TSB as it prepares to float the spin-off challenger bank on the stock market, reports The Daily Mail. It has dismissed speculation that it will capitalize by selling off 30% of shares in TSB. The float is expected to value TSB at around GBP 1.5B. Reference Link
Lloyds Banking reports Q1 underlying profit GBP 2.18B vs. GBP 1.8B Reports Q1-end fully loaded common equity tier 1 ratio 13.4% vs. 12.8% last quarter. Reports Q1 profit before tax and sale of TSB GBP 1.87B. Reports Q1 total income GBP 4.64B. Reports total costs flat YoY with increased investment in the business. Reports Q1 impairment charge reduced to GBP 177M. Reports Q1-end tangible net assets per share increased to 55.8p.