Lloyds Shares Drop with Aldermore Bid Uncertainty Over £750 Million
Lloyds Banking Group shares slipped 0.6% to 108.55 pence late Tuesday as London’s FTSE 100 fell 0.9%. The bank is considering a bid for Aldermore, but sources say a formal offer is uncertain due to concerns over motor-finance liabilities and competition from Shawbrook. UK services PMI dropped to 48.7 in June, signaling contraction. Lloyds reported a 33% rise in Q1 pretax profit but faces pressure on capital use and shareholder returns.