Black Beauty: A Recovering Quadruped

Golly less than 3 hours to New Year!

Anybody who has read my ramblings this last year knows I think a take-over of Lloyds TSB has an awful lot of regulatory difficulties.

I see the FTSE produced a return of 13 or 14% this year - whoopee-do!

I said to a friend just before the stupidity in May 'M&A is not finished' - yes it's nearing the end 3 -> 6 months at a guess (judging by this weekend's press anyway!) - and it's not finished yet.

Before I started learning this stockmarket rubbish apparently Lloyds TSB were involved in the last bout, I think they will be again.