Lloyds posts lower annual profits as PPI weighs on results
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LONDON (Reuters) - Britain's biggest domestic lender Lloyds Banking Group reported a pre-tax profit of 4.4 billion pounds for 2019, in line with analyst expectations.Profits were 27% lower than 2018 as nearly 2.5 billion pounds of previously announced provisions for compensating customers mis-sold payment protection insurance weighed.The pre-tax profit compared to a 4.5 billion pounds average of analysts' forecasts compiled by the bank.Lloyds announced a dividend of 3.37 pence but no share..