Chancellor unveils plans to sell remaining stake in Lloyds Banking Group



The Chancellor is to reboot plans to sell the Government's remaining £3.6 billion stake in Lloyds Banking Group, but has abandoned a retail sale.
Philip Hammond said heightened volatility in financial markets would see the Government's 9.1% stake sold through a trading plan to institutional investors.
The move would ensure the Government recoups the entire £20.3 billion used to bail out the bank during the 2008 financial crisis, Mr Hammond said.
Shares in Lloyds, which have plunged 23% since Britain voted to leave the European Union, were down more than 3% after the announcement.
Speaking... read more

 
7 October 2016 in Regional East, Views: 24
Source: Belper News
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
    1 2 3 4 5 6 7
    8 9 10 11 12 13 14
    15 16 17 18 19 20 21
    22 23 24 25 26 27 28
    29 30 31