Shares in London started the day off a little as economic data failed to provide any positive sentiment. Click here for The Trader Nicole Elliott's latest thoughts.
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Lloyds (LLOY) pleased income seekers holding its shares, announcing a £1bn share buyback instead of a special dividend for 2017. Pre-tax profits were up a quarter, despite the banking group incurring a further £1.65bn in payment protection insurance provisions. Management also announced guidance for 2018, including a 170-200 basis point improvement in capital generation and a net interest margin of 2.9 per cent - up from 2.86 per cent in 2017. Buy.