Lloyds gives upbeat trading update

Lloyds Banking Group has said it remains on target to deliver a "good financial performance" for 2010.

The bank promised to speed up the pace at which it paysback the taxpayer after it was bailed out from the public purse.

Lloyds, which returned to profit during the first half of the year, added that its lending to firms so far in 2010 now totalled £35bn.

The lender, whcih is 41 per cent owned by the government, said mortgage demand remained weak.