Shares in bank Lloyds have reached their break-even price following the £20.5bn rescue of the bank. Our banking reporter Tim Wallace:
“We expect us to return to profitability this year and to grow our core business, to realise our full potential to deliver strong, stable and sustainable returns for you, the shareholders, and to allow UK taxpayers’ investment in the group to be repaid,” chief executive Antonio Horta-Osorio told investors at the annual general meeting.
(Source: Yahoo! Finance)
Mike van Dulken, head of research at Accendo Markets:
It's a big trade off between returning the shares to the markets as quickly as possible (well before the 2015 election anyway), and taking the opportunity to make up for some of the costs taxpayers incurred via forced bailouts.