London midday: Banks and builders bounce back (ShareCast)

LONDON (ShareCast) - London has taken heart from the Lloyds TSB takeover of HBOS (LSE: HBOP.L - news) , with banks predictably leading the advance. Lloyds TSB struck a deal to buy Halifax owner HBOS for £12.2bn that will create a UK "Super Bank" worth £28bn. There was no news on job losses, but the HBOS headquarters in Edinburgh will continue to be used. "The management focus is to keep jobs in Scotland," a... [read full story]