TSB (LON:TSB) said it is attracting customers at a faster rate than it had hoped. One-in-ten people switching accounts went with the newly independent bank.
A decade ago Tesco was an investor's delight, with a share price shooting up more than 70% between 2004 and 2007, and healthy dividend payments.
... * Amazon tumbles, Microsoft climbs after earnings. * U.S. new home sales climb to six-year high. * Indexes all rise: Dow 0.76 percent, S&P 0.71 percent, Nasdaq 0.69 percent (Updates with close, new quote).
Tesco shares fell to their lowest level in more than 11 years on Friday after the retailer's credit rating was downgraded and news emerged that an institutional shareholder had sold off his stake.
The chief executive of Shire plc, which has major operations in Massachusetts, said Friday that his company's prospects remain bright despite the recent collapse of a $55 billion merger with another biopharmaceutical company.