Government cuts stake in Lloyds to less than 3%
With shares in Lloyds Banking Group recently hitting a six-month high, the government has reduced its stake in the bank to below 3% overnight.
Banks
4,420.39
17:14 04/10/24
1.97%
85.22
FTSE 100
8,280.63
16:49 04/10/24
n/a
n/a
FTSE 350
4,570.17
17:14 04/10/24
n/a
n/a
FTSE All-Share
4,527.24
16:54 04/10/24
n/a
n/a
Lloyds Banking Group
58.80p
16:44 04/10/24
2.37%
1.36p
UK Financial Investments Limited, the vehicle set up to control taxpayers’ stakes in the banks that were bailed out during the financial crisis, sold 671.37m Lloyds shares, leaving it with a stake of 2.95%.
**More to follow **