We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lloyds Banking Group Plc | LSE:LLOY | London | Ordinary Share | GB0008706128 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.08 | -0.16% | 50.92 | 50.86 | 50.90 | 51.08 | 50.20 | 50.70 | 140,525,532 | 16:35:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 5.92 | 32.33B |
From Apr 2019 to Apr 2024
By Max Colchester
LONDON--The U.K. government Wednesday announced that it would sell a further chunk of shares in Lloyds Banking Group PLC by the end of June next year.
Morgan Stanley has been mandated by the U.K. government to sell the shares at above the average price the taxpayers paid to bail out the bank in 2009. The government currently holds a 25% stake in the Lloyds.
The number of shares sold under the plan will depend on how the share price performs between now and the end of June. There is no definitive target, but Morgan Stanley has been instructed not to sell more than 15% of the volume of all Lloyds shares traded on the market.
Based on past figures, this could see around GBP3 billion ($4.72 billion) of stock sold, a move that would take the government's shareholding in Lloyds down to 20%, according to a person familiar with the matter.
The government currently owns 17.8 billion ordinary shares in Lloyds, representing 24.9% of the issued ordinary share capital of the company.
Tapan Panchal contributed to this article.
Write to Max Colchester at max.colchester@wsj.com
Access Investor Kit for Lloyds Banking Group Plc
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=GB0008706128
Access Investor Kit for Lloyds Banking Group Plc
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US5394391099
Access Investor Kit for Morgan Stanley
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US6174464486
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Lloyds Banking Chart |
1 Month Lloyds Banking Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
