Lloyds’ first-quarter earnings tumble but outlook reassures
The UK's largest mortgage lender, Lloyds Banking Group , delivered a weak first-quarter trading update with most of the key metrics seemingly heading in the wrong direction.
The lack of mention of share buybacks or guidance on the dividend also disappointed investors, however confirmation of the bank's full-year targets saw the shares reverse their early losses and add 2% to 52.4p.
REVENUE DOW...