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10:48

Joanna Geary - Good morning and welcome to The Times live blog of Lloyds AGM.

10:49

Joanna Geary - My name is Joanna Geary and I will be organising the blog from London.

10:50

Joanna Geary - Our business correspondent Miles Costello will be reporting live from the AGM in Glasgow from 11am.

10:51

Joanna Geary - Are you a Lloyds shareholder? How do you feel about the takeover of HBOS was dealt with? Please feel free to submit any questions now so that I can pass them to Miles when he arrives.

10:56

Miles Costello - Hi Joanna; hello everyone. I'm in the conference centre. The AGM is about to start.

10:56

Joanna Geary - Hello Miles! I was just about to mention that there were protests outside the AGM. Could you fill us in?

10:56

Miles Costello - Shareholders have been streaming in in their hundreds. I'd say there are comfortably 700 to 800 people here.

10:57

Miles Costello - LTU, Lloyds biggest union is outside. They want the 5,000 or so workers who've been offshored in recent years to come back to the UK. It's mainly IT and processing jobs.

10:58

Miles Costello - They also want Lloyds to guarantee the company's final salary pension scheme; you may have read about this this moring.

10:59

Miles Costello - The board are all seated. We're nearly ready to go. We've been assured we're going to hear the S word, sorry. Not for the takeover, but for the damage done to shareholders.

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