Lloyds Banking Group, produced by the merger of Lloyds TSB and the Halifax banking group HBOS, is the biggest ever UK bank. The combined group, with around 145,000 staff and 3,000 branches, will control around a third of UK's mortgages and a quarter of all savings. The government owns 43.4% of Lloyds Banking Group, 36% are owned by Lloyds TSB shareholders and 20% by HBOS shareholders.
it is interesting that while the press inevitably report the 73.4p break even price if you look at the ukfi website the Govt has basically already got its money back. It put £17.3bn into Lloyds and after the 2015 final dividend had got back £16.9bn to date. It's remaining stake is worth about £4bn. I would imagine MS have been instructed to get out around the current share price. With a bit of luck the Govt will mainly be gone by the end of the year.
HMG id going with Heathrow according to Sky. If so it will be time for Boris' moment with destiny Tianamin Square style and prostrate himself in front of the bulldozers apple in mouth in the best tradition of the Piers Gaveston Society. Anyone for Foreign Secretary?
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