Not as good as expected, their cost base rising to an unacceptable level and though bad debt levels are much improved they are still huge but it is the declining revenue figures that have disappointed and their shares are down close to 5% in the UK as a result

As a member of the UK public and therefore a shareholder of LLoyds Bank and the RBS,I was interested to see how well they are doing,though LLoyds substantial exposure to Ireland is worrying still, where about one in four mortgages is in arrears.

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Another successful set of figures from Domino's pizza today. The £1m sales figure comes from only 3 months of the iphone app being live; highlighting the effectiveness of convenience when purchasing online through mobile devices. Have you considered mobile apps for your firm? Either for online shopping, or raising brand awareness?

It always makes for positive reading in these difficult times to read that the private sector is generating an increasing amount of employment opportunities. Lets hope that the government continues to focus significant effort on private sector growth, to offset the damage caused within the private sector.

It is of course positive news to hear that small businesses will benefit from todays banks lending agreement. With small firms expected to recieve 76bn, there is still a question of whether quite enough has been done; with many business owners still feeling starved of financial support.

Most economists would be saying "about time" but better late than never. Lots of synergy over and above cost cutting and gives the merged larger concern more muscle and combined liquidity in attracting global investors. The initial 10% rise in the LSE share price in London this morning confirms the market positive reception of this move.

Its good news to hear that small businesses have upped their manufacturing output, despite the intense cost pressures they are facing. An even sharper increase has been forecast in the forthcoming quarter.

It is difficult to see the cuts made to axe Citizens Advice Debt Advisors today as anything but a little shortsighted. Although cuts surely have to be made across the board, it is particularly untimely to diminish the support available to those incurring debts, as ultimately the inability to pay mortages and the loss of family homes comes at great expense to the state.

Despite reports of the anti-government situation in Egypt shifting focus from the economic crisis for the time being; alarmingly UK banks are among the most exposed to the situation, with only French banks having more Egyptian borrowers in Europe.

It is concerning once again to see further drops in house prices announced today. This is now a drop for the seventh consecutive month. One wonders just how far we can expect them to fall over the coming months.

It is certainly of serious concern today to hear of the 0.5% GDP quarterly contraction. Whilst the weather towards the end of last year was a factor, even taking this variable out of the equation the underlying growth picture is still significantly weaker than expected. A Q1 rebound following this is likely, but will surely be hampered by other elements such as the VAT hike no doubt.

Best wishes today to British Airways following their merger with Iberia. Their brand will now be known as IAG on the stock exchange. I excect we may see more of these mergers as the need to cut costs in the aviation industry increases.

It comes as little suprise today that the government have not delivered on their promise to increase bank lending to small businesses. It seems nobody is championing the cause for firms to recieve the backing they require. Without this support it will be very difficult for small businesses to achieve growth.