Lloyds Shares Watch: Investors Eye UK Bank Rule Changes
Lloyds Banking Group shares rose 0.15% to 94.22 pence Monday as investors anticipated UK government details on easing bank ring-fencing rules. The bank repurchased 30 million shares on May 15. Oil prices and gilt yields climbed amid Gulf tensions, pressuring global markets. Lloyds posted a 33% jump in first-quarter pretax profit to £2 billion in April.