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Lloyds shares continue to dive

Shares in Lloyds Banking Group fell 7% this morning as the bank continues to feel the pressure from Friday’s announcement of huge losses at HBOS.

At their lowest, the bank’s share fell by 32% on Friday after HBOS announced losses of over £10bn for 2008.

The news sparked fears that the government would be forced to pump more money into the bank, or nationalise it.

Lloyds has also been criricised for planning to give staff bonuses, despite being 43% owned by the government.


Paymentshield admits paying some ARs direct

Brokers are making headway in their battle to reclaim outstanding commission from networks, as Paymentshield has admitted it is paying some appointed representatives directly.

Callcredit sees 73% sales increase

Callcredit Information Group, formerly Skipton Information Group, has seen significant growth in 2008, with sales increasing by 73%.

AXA increases age limit on life cover to 85

AXA has increased the age limit on its life cover policy from 70 to 85 to reflect the fact that the population is living longer than ever before.


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