Government sells more shares in Lloyds Banking Group

Government sells more shares in Lloyds Banking Group
 

The government has reduced its stake in Lloyds Banking Group to just below 8%, as it continues to try and return the lender to full private ownership.
It means the taxpayer now owns 7.99% of the bank, down from the 43% share it held following the lender's bailout at the height of the financial crisis.
Sales were suspended in January because of market volatility.
But UK Financial Investments (UKFI), which manages the government's stake, said last month it would resume sales.
However, it abandoned plans for a share sale to the public, saying current market volatility meant the move was not... read more

 
22 November 2016 in Business, Views: 37
Source: BBC
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