Around £2bn shares to be offered for sale with smaller investors favoured and a discount offered for long-term holdingsCut-price shares in Lloyds Banking Group are to be sold to the public next year in a ride that will total the sale of the taxpayer’s stake in the bailed-out institution but risk exposing the government to a loss on the stock offering. About £2bn shares – half the amount first signalled by prime minister David Cameron in April – are to be sold directly to retail investors, who could open registering their interest on a government website launched on Monday. Related: Lloyds bank share sale: all you need to know Continue reading...
Source: theguardian.com