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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
09/29/201412:51:49LONDON MARKETS: Mining Stocks Slump In London On China Worries
09/26/201412:20:11LONDON MARKETS: Bank Stocks Lift FTSE 100; Sports Direct Drops
09/26/201412:08:08EUROPE MARKETS: Allianz Slides; Philips Rises: Europe's Big Stock...
09/25/201413:04:49Lloyds Banking to Sell 57.5 Million Ordinary Shares in TSB
09/19/201412:25:49EUROPE MARKETS: Stoxx 600 Closes At 2-week High After Scotland...
09/19/201412:09:09LONDON MARKETS: London Stocks Rise As Scotland Votes To Stay...
09/19/201410:02:14EUROPE MARKETS: Stoxx 600 Heads For 3-month High After Scotland...
09/19/201404:30:09Pound Rises After Scotland Rejects Independence
09/19/201404:20:07British Pound Rises After Scotland Rejects Independence -- Update
09/19/201403:42:04LONDON MARKETS: FTSE 100 Poised To Rally As Scotland Votes To...
09/17/201419:45:05LONDON MARKETS: FTSE Wavers With Eyes On Scotland, Labor Data
09/17/201417:09:44LONDON MARKETS: FTSE Inches Higher With Eyes On Scotland, Labor...
09/17/201405:03:18LONDON MARKETS: Miners Lift FTSE 100; Eyes On Scotland, Central...
09/16/201400:42:57U.K. Companies Donate Little to Camps in Scottish Independence...
09/12/201415:21:16LONDON MARKETS: FTSE 100 Edges Up As Key Poll Points To 'no...
09/12/201406:43:12LONDON MARKETS: U.K. Stocks Rise After Poll Points To 'no' In...
09/11/201412:21:56EUROPE MARKETS: Russian Stocks Slump Most In Europe After Sanction...
09/11/201412:11:35EUROPE MARKETS: RBS, Lloyds Climb; Sanofi Slips: Europe's Big...
09/11/201412:11:10LONDON MARKETS: FTSE Closes At Lowest Level Since Late August
09/11/201408:27:26EUROPE MARKETS: Stoxx Europe 600 On Track For Fifth Straight...

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