Lloyds’ hard-won confidence is essential
At the top of Lloyds Towers the superlatives were being spread about liberally. Chairman Win Bischoff said that he was “immensely proud for having achieved profit”. Chief executive Eric Daniels was “delighted” that the government now has “optionality” on when to sell its 42 per cent stake, now that the share price was up above its 63p purchase price.