Shareholders to benefit from Lloyds' £1.8bn pre-tax profit

Lloyds Banking Group has announced annual pre-tax profits of £1.8bn.

The bank will pay its first dividend to shareholders since it was bailed out by the taxpayer in 2008.

It will also award Lloyds staff almost £370m in bonuses, with the bank's chief executive Antonio Horta-Osorio receiving an £11m bonus.

John Moylan reports.