Lloyds Banking Group Share Price Falls to 94p as App Glitch Adds to UK Bank Selloff
Lloyds Banking Group shares closed down 1.38% at 94.18 pence Friday, leading FTSE All-Share trading volume as investors reacted to a mobile-app glitch and sector-wide weakness. The bank repurchased 19.27 million shares for cancellation under its £1.75 billion buyback. Oil above $100 and stalled GDP dampened hopes for a Bank of England rate cut, pressuring UK lenders.