* Sale priced at 280 pence, no discount to market price * Demand from U.S. investors, Europe, UK * Lloyds retains 50 percent stake (Adds analyst reaction) By Matt Scuffham and Freya Berry LONDON, Sept 26 (Reuters) - Lloyds Banking Group has sold a further 11.5 percent s
Read moreLloyds has announced the successful sale of 57.m shares in TSB Banking Group at a price of 280p per share via a placing. The shares are equivalent to an 11.5% stake in the lenders' share capital, thus reducing its holding to 50%. Following the transaction Lloyds will continue to have 50% of TSB and
Read moreteerngasLloyds Banking Group has kickstarted a share sale in its TSB banking division, which will leave the bailed-out bank with a 50% stake in TSB, The Daily Telegraph reported on Friday. Lloyds sold 38.5% of TSB in June, with shares priced at 260p each, and has announced it will sell an additional
Read moreLONDON, Sept 26 (Reuters) - Shares in TSB Banking Group opened up 0.5 percent on Friday after parent Lloyds Banking Group sold a further 11.5 percent stake in the business at 280 pence, the same price the shares closed at on Thursday. (Reporting by Matt Scuffham; editing by Freya Berry)
Read more(Adds price) Sept 26 (Reuters) - Lloyds Banking Group Plc has sold 161 million pounds ($262.5 million) worth of shares in UK lender TSB at a price of 280 pence a share. Lloyds said on Friday that it had sold the shares, representing around 11.5 percent of the company's issued share ca
Read moreLONDON, Sept 25 (Reuters) - Lloyds Banking Group said it would sell a further 11.5 percent stake in TSB, leaving it with a 50 percent shareholding in a business it was ordered to sell by European regulators. Lloyds said it would sell another 57.5 million shares, worth about 161 million pou
Read moreLONDON, Sept 25 (Reuters) - Barclays received the most complaints among Britain's banks in the first half of this year, though complaints overall in the sector fell 5 percent, the country's financial watchdog said on Thursday. The most complained about product was payment protection insuran
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