Financial Times FT.com

Lloyds sells Halifax estate agents for £1

By Adam Jones

Published: October 16 2009 09:36 | Last updated: October 16 2009 14:41

Lloyds Banking Group said on Friday that it had agreed in principle to sell its loss-making Halifax Estate Agencies arm to LSL Property Services for £1.

The disposal will lead to Lloyds shutting the 121 Halifax banking counters currently located inside the estate agency chain’s branches, with up to 460 people losing their jobs as a consequence.

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