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Lloyds Plans to Cut 9,000 Jobs in Aim to Reduce Costs

By Mark Howitt | Friday 24 October 2014


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Lloyds Banking Group (LLOY) has been quite a volatile stock lately, but its shares enjoyed a slight Friday rise to 76.74p. Although these reports are not confirmed yet, mainstream news channels have been reporting that they Lloyds aims to cut 9,000 jobs, approximately a tenth of its staff.


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