Lloyds Set for a Return to Black

Summary


PART-nationalised Lloyds Banking Group today flagged up a return to profit this year after seeing lower than expected bad debts.

The group, which is 41% taxpayerowned after rescuing ailing HBOS, believes it will be "profitable on a combined business basis" in 2010.

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Extract


Lloyds Set for a Return to Black

Lloyds racked up pounds 24bn in bad debts during 2009, m...

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