Lloyds’ sale talk speculation
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.