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| Name | Symbol | Market | Type |
|---|---|---|---|
| Lloyds Banking Group Plc | NYSE:LYG | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.39% | 2.58 | 2.61 | 2.56 | 2.59 | 12,154,252 | 01:00:00 |
From May 2019 to May 2024
By Jason Douglas
LONDON--The U.K. government said Thursday it has postponed a planned sale of shares in partially state-owned lender Lloyds Banking Group PLC, citing financial-market turbulence.
Treasury chief George Osborne confirmed the news in a message on his official Twitter account , saying the planned sale has been shelved until financial markets "have calmed down." The delay was first reported by the British Broadcasting Corp.
The news is the latest sign of nervousness over stock markets following weeks of market turmoil triggered by fears over the health of the global economy.
The British government began selling down its stake in Lloyds last year and currently owns less than 10% of the lender, which was bailed out by taxpayers in 2008. Officials were planning on selling GBP2 billion ($2.8 billion) of shares to the public this spring.
Write to Jason Douglas at jason.douglas@wsj.com
(END) Dow Jones Newswires
January 28, 2016 07:14 ET (12:14 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year Lloyds Banking Chart |
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