View more on these topics

Government considering full Lloyds exit in 2014

The Government may sell its remaining 33 per cent holding in Lloyds Banking Group within the next 12 months, according to a report in The Telegraph.

The stake, currently worth £18.4bn, could be sold off in 2014 through a combination of retail and institutional offerings.

Three months ago Chancellor George Osborne oversaw the sale of 6 per cent of the Lloyds shares – raising £3.2bn in the process. This was the first time Lloyds’ shares had been sold since receiving a £20bn government bailout in 2008.

Speculation is now increasing that the Chancellor will order another sell-off, most likely after the bank publishes its financial year results in February.

It is believed that the Group will recommence dividend payouts – something it has not done since the taxpayer-bailout. The resumption of such dividend payments is seen as an important step in the privatisation of the bank.

Lloyds’ shares have risen in value by more than 60 per cent in 2013, with the stock price ending last week at 78.84p – valuing the bank at £56.4bn.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm