Lloyds’ sale talk spec­u­la­tion

Yorkshire Post - Business - - FRONT PAGE -

LLOYDS BANK­ING Group shares have been hov­er­ing near the Govern­ment’s break-even price of 74p, trig­ger­ing spec­u­la­tion of a pub­lic sale.

The shares have jumped in value since an­nual re­sults last week. Bank­ing stocks ral­lied yes­ter­day on hopes of a re­cov­ery in the Chi­nese econ­omy.

Laith Kha­laf, of Har­g­reaves Lans­down, said: “At the cur­rent price the Govern­ment can sell them and break even on the tax­payer bailout.

“How­ever, we don’t ex­pect the pub­lic sale to come back to the ta­ble any time soon. Stock mar­kets are febrile right now and it doesn’t take a huge stretch of the imag­i­na­tion to see re­cent gains be­ing wiped out in the short term.” The sale is un­likely be­fore June, he added.

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