3 Nov 2011

Lloyds shares down

11:02 am on 3 November 2011

Shares in Lloyds Banking Group's fell almost 4% after the company said chief executive Antonio Horta-Osorio is to take medical leave.

In a statement, Lloyds said Mr Horta-Osorio is expected to return to his position before the end of the year.

He became chief executive in March and has been rebuilding the bank after its near-collapse in the financial crisis.

finance director Tim Tookey was appointed as an interim replacement.