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Co-op Nears Cut-Price Lloyds Deal

Co-operative Group Ltd. is near an agreement with Lloyds Banking Group PLC (LYG) on the final terms of a deal to buy some 630 branches, the Financial Times reported on its website Thursday, citing people close to the process. The deal could come at a sharp discount to the GBP1.5 billion previously estimated, but Lloyds could get extra payments if the business performs well over a period of years, the FT reported the people as saying. If these pay out in full, LLoyds could get close to GBP1 billion for the branches, the FT said. The Co-op's board plans to meet early next week to decide, the FT reported. Full story: http://www.ft.com/intl/cms/s/0/e206edd8-cb5b-11e1-b896-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct#axzz204p8ObGz

Stock News for Lloyds Tsb (LYG)
DateTimeHeadline
07/31/201408:17:42LONDON MARKETS: Shell's Gain Curbs Losses For The FTSE 100
07/31/201406:46:43EUROPE MARKETS: Shell, BG Among Major European Movers; BES Slides
07/31/201405:21:35EUROPE MARKETS: Shell, BG Among Major European Movers; Adidas...
07/31/201403:12:06TSB Banking First Half Pretax Profit Rises
07/30/201410:39:05Lloyds Banking Group plc 2Q 2014 -- Forecast
07/28/201415:36:39Lloyds Pays $370 Million to Settle Rate Probe -- 3rd Update
07/28/201412:22:17LONDON MARKETS: FTSE 100 Erases Gain After Soft U.S. Home Sales...
07/28/201410:11:34LONDON MARKETS: Reckitt Benckiser Leads U.K.'s FTSE 100 To Small...
07/25/201406:06:31Lloyds Bank Nears Rate-Probe Settlement--Update
07/25/201405:02:47Lloyds Bank Nears Rate Probe Settlement
07/24/201416:55:51Lloyds to Pay Up to GBP300 Million in Fines Over Libor Allegations...
07/18/201418:59:07EUROPE MARKETS: European Stocks Slip; Shire Leads FTSE Gains
07/18/201418:50:41EUROPE MARKETS: European Stocks Fall; RBS, Volvo Among Decliners
07/18/201406:57:07U.K. to Probe Retail Banking Sector
06/23/201412:33:15LONDON MARKETS: U.K. Housing Stocks Sag On Mortgage Concerns
06/23/201409:06:50LONDON MARKETS: U.K. Housing Stocks Sag On Mortgage-rule Concerns
06/20/201412:53:07LONDON MARKETS: Shire Boosts FTSE 100 To Fourth Day In Black
06/20/201412:25:15EUROPE MARKETS: European Stocks Lose Steam After Consumer Data
06/20/201408:03:16EUROPE MARKETS: European Stocks On Track For Weekly Gain
06/17/201409:39:35Lloyds Bank Said to Raise Minimum Price for TSB Listing-Reuters

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