Lloyds Banking Group has reported flat profits for the start of the year as it swallowed £565m in one-off costs and warned Brexit could take a further toll on the UK economy.
Britain's biggest mortgage lender said it made a pre-tax profit of £1.6bn for the first quarter, little changed on a year ago. The group, which owns Lloyds Bank as well as Halifax Bank of Scotland, said the size of its loan book shrank 1%, including a £4.9bn decline in overall home loans assets.Shares fell 2% in early trading.He added:"While Brexit uncertainty persists, and continued uncertainty could further impact the economy, I remain confident that our unique business model… will continue to deliver superior performance and returns for our customers and shareholders.
When you 'fiddle' it can come back and haunt you. A bank giving horse a bad name?
Brexit = poor management get out clause. This is a celebration for big bonuses. They are a joke like the government
So nothing to do with the PPI and useless management
Bank blames flat profits on thing that hasn’t happened yet and may never happen
Perhaps your halal bank accounts may have something to do with it
😂
Lloyds still making good profits. CEO says its a 'strong business performance' despitebrexit still produces negative headline
Oh good. Another one jumping on the easy bandwagon. Do some more in depth analysis as to why profits are flat.
Easy to blame Brexit.
Must be all those Islamic No Interest Accounts & Loans...
I'm sure the public will bail them out again