Lloyds Banking Group today revealed unchanged annual profits of £6.9 billion as the lender benefited from a year of rising interest rates.
Chief executive Charlie Nunn called it a robust performance as he declared a 20% increase in the total dividend to 2.40p a share, alongside plans for a shares buyback worth up to £2 billion.
The bank also expects house prices to fall 7% this year.
Rio Tinto shareholders, meanwhile, can expect a smaller dividend payment this year after the mining giant declared an award of $4.92 a share. This is 53% lower than a year earlier and represents 60% of underlying earnings.
