Lloyds climbs after ending talks on deal

Shares in Lloyds TSB climbed over two per cent yesterday after a source familiar with the matter said the bank had ended talks on a possible takeover of German rivals Dresdner or Postbank. At 8.10 a.m. Lloyds was up 2.1 per cent at 298.75 p,...

Shares in Lloyds TSB climbed over two per cent yesterday after a source familiar with the matter said the bank had ended talks on a possible takeover of German rivals Dresdner or Postbank.

At 8.10 a.m. Lloyds was up 2.1 per cent at 298.75 p, outperforming a 0.86 per cent rise in the FTSE index.

Shares in Alliance & Leicester and Bradford & Bingley, both named in the past as potential targets for Lloyds and now potentially back on its radar, were up five per cent at 6.1 per cent respectively.

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