Published on 19th January 2014
The government could sell its next batch of Lloyds Banking Group shares as early as mid-February, the Sunday Telegraph said. The sale would be a book-build for institutional investors followed by a large offer to retail investors. Labour leader Ed Miliband’s call for the breakup of Britain’s biggest banks has accelerated sale plans for Lloyds, which announces annual results on February 13th. Moving as soon as possible on selling more shares would make Miliband’s plan more difficult because it would create many more retail shareholders who would object to a breakup of the bank.