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LONDON, June 20 (Reuters) - Lloyds Banking Group said on Friday it will sell a 38.5 percent stake in TSB, more than originally expected in a stock market listing of the business, following strong demand from investors. Lloyds has priced the initial public offering of the shares at 260 penc
Read more* Bank to sell more than expected 25 pct -sources * IPO priced at 260 pence per share vs 220-290 range * Values TSB at 1.3 bln stg, 0.8 times book value * At least a quarter of shares sold to retail investors * Sale at least 10 times oversubscribed -sources (Adds IPO pri
Read moreLONDON, June 19 (Reuters) - Lloyds Banking Group will on Friday announce the sale of a 38.5 percent stake in TSB and has priced the shares at 260 pence each, at the upper end of the expected range, sources familiar with the matter told Reuters on Thursday. The sources said Lloyds had seen
Read moreBy Huw Jones LONDON, June 19 (Reuters) - The Bank of England (BoE) is determined to improve business standards at banks, and has already forced an unidentified firm to limit its lending and deposit-taking until it met regulatory requirements, it said on Thursday. Policymakers and regu
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Lloyds Banking Group is reportedly looking to sell a bigger stake in TSB than previously expected when the high street banking arm floats on the stock market on Friday. Lloyds, which is disposing of the 631 branches that form TSB as a condition of its state bailout in 2009, said earlier this month
Read moreLONDON, June 19 (Reuters) - Lloyds Banking Group is considering selling a 35 percent stake in TSB when it spins off and lists the new bank on Friday, more than the 25 percent stake planned, people familiar with the matter said. Lloyds, which is being forced to sell TSB by European regulator
Read moreSantander Global Banking & Markets has blamed a possible UK interest rate rise for its waning enthusiasm towards Lloyds Banking Group. The broker is removing Lloyds from its 'core buy' list, on which the UK bank has been for most of 2012, 2013 and 2014, although it is keeping a 'buy' recommendation
Read more* Trip is Li's first to UK since taking office * UK's Cameron announces deals worth more than 14 bln pounds * China keen to put rights row behind it * Trade deals focus on energy, finance sectors (Adds details, comments from Li on currency deals) By William James and Kyl
Read morePharmaceutical group Shire was making gains after Reuters reported that it has hired investment bank Citi as an advisor as it braces itself for takeover bids. The company's Irish tax base and its mid-sized market value of £22bn makes it a prime acquisition target, analysts told the news agency. Whi
Read moreTSB has narrowed the price range for its upcoming flotation to between 250p and 270p per share, valuing the challenger bank at 1.3bn pounds or more, according to sources familiar with the matter cited by Reuters. One source said the sale was "well-oversubscribed" within that range, the news agency
Read more* Price range narrowed to between 250-270 pence/share * New range values TSB at minimum 1.3 billion pounds (Adds further details) By Vikram Subhedar and Matt Scuffham LONDON, June 17 (Reuters) - New British bank TSB will be valued at 1.3 billion pounds or more when it lists on
Read moreLONDON, June 17 (Reuters) - Lloyds Banking Group
has narrowed the price range for its stock market listing of TSB
Banking Group
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
Read moreBy Jamie McGeever LONDON, June 13 (Reuters) - Britain's finance minister George Osborne this week rejected European Union plans to outlaw currency market manipulation and instead set out his own proposals to make rigging exchange rates a criminal offence. A panel led by the Bank of E
Read moreLONDON, June 13 (Reuters) - Britain's Debt Management Office said on Friday it had appointed bookrunners for a new conventional gilt maturing 2045, to be syndicated in the week commencing June 23. It named Barclays, JPMorgan, Lloyds Bank and RBC as joint bookrunners. (Reporting by Andy B
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