Hargreaves Lansdown complains to government over Lloyds share sale plan



Fund supermarket Hargreaves Lansdown (HRGV.L) said on Wednesday it had written to the British government to protest about the potential exclusion of retail investors from the sale of its remaining stake in Lloyds Banking Group (LLOY.L).
UK Financial Investments Limited (UKFI), which manages the government's stake in the bailed-out bank, said on Friday it would relaunch a trading plan to try to return Lloyds to full private ownership through sales of stock to institutional investors over the next 12 months.
But it recommended scrapping plans to sell off some shares via a discounted offer to... read more

 
12 October 2016 in Business, Views: 39
Source: Reuters
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