Mixed picture for Brexit business

• In a bid to stave off a Brexit-induced earnings slump, Lloyds (NYSE:LYG) announced plans to cut 3,000 more jobs and £400M of annual expenses, after seeing pretax profit fall to £4.16B in the first half of 2016.
• The news adds to a mixed picture for U.K. business following the EU referendum on June 23.
• McDonald's said Wednesday it would create 5,000 new British jobs by the end of 2017, while GlaxoSmithKline vowed to boost investment.