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Lloyds loses 660m on TSB sale

Lloyds Banking Group says it has recorded a loss of 660m on the sale of TSB to Spanish bank Banco de Sabadell.

The government sells more shares in Lloyds, raising about 586m and taking its stake in the bank to below 21%.

UK-based engineering firm Ricardo has agreed to acquire LR Rail from Lloyds Register Group, in a 42.5m deal.

Up to 4bn worth of Lloyds Bank shares would be offered to the general public if the Conservatives win the election, David Cameron is to announce.

Insurance market Lloyd's of London reports profits of 3.2bn for 2014, unchanged on the previous year, despite "challenging market conditions".

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