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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lloyds Banking Group Plc | LSE:LLOY | London | Ordinary Share | GB0008706128 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.22 | -0.42% | 51.56 | 51.56 | 51.60 | 52.18 | 51.16 | 51.42 | 23,386,967 | 10:30:45 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 6.01 | 32.83B |
From Apr 2019 to Apr 2024
By Razak Musah Baba
LONDON--Lloyds Banking Group PLC (LLOY.LN) said Wednesday that it is shedding more than 1,200 jobs as part of the bank's ongoing strategy to cut costs.
"Lloyds Banking Group is Wednesday announcing 1,230 net role reductions as part of the total role reductions already announced in October 2014 as part of the group's 2015-17 strategy," the company's spokesperson said.
The reductions are within Group Operations, Retail, Customer Products & Marketing, Finance and Risk Divisions. The net total is inclusive of 110 new roles that will be created across these business areas, the company added.
Lloyds Banking Group, which is 9% owned by the British government, is the U.K.'s biggest retail bank.
(Max Colchester contributed to this article.)
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
(END) Dow Jones Newswires
October 12, 2016 08:37 ET (12:37 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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