Director dealings: Lloyds director makes share purchase

Lloyds Banking Group revealed on Thursday that non-executive director Cathy Turner had acquired 424,113 ordinary shares in the FTSE 100-listed retail banking company.

Banks

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0.82%

39.54

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FTSE 350

4,491.87

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FTSE All-Share

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Lloyds Banking Group

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0.48%

0.26p

Turner, who joined Lloyds' board on 1 November, purchased the shares on Wednesday at an average price of 46.92p each, for a total value of £198,993.81.

Back in October, Lloyds lifted net interest margin guidance despite a fall in third-quarter profit and a rise in bad loan charges as the economic crisis started to worsen.

Pre-tax profit fell 26% to £1.5bn, while net income rose 12% to £13.0bn on the back of surging interest rates with impairment charges soaring to £668.0m from a release of £119.0m a year ago.

As of 1605 GMT, Lloyds shares were down 1.11% at 46.38p each.

Reporting by Iain Gilbert at Sharecast.com