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Stock Market & Financial Investment News

News Breaks
February 11, 2013
08:07 EDTLYGLloyds deal to sell Verde branches in jeopardy, Daily Mail says
Lloyds' (LYG) agreement to sell its "Verde" group, including 632 branches, to Co-operative Group remains its "Plan A" but is taking much longer than expected and has been hampered by issues with the Co-opís IT systems, according to The Daily Mail. Lloyds may have already sounded out alternative buyers and its most likely back-up plan for the assets remains a market flotation should the Co-op deal fall through, the report added. Reference Link
News For LYG From The Last 14 Days
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May 26, 2015
07:28 EDTLYGLloyds private equity arm to invest GBP 1.2B in UK businesses, Telegraph says
Lloyds Banking's private equity arm, LDC, will invest GBP 1.2B in "Mittelstand" business in the UK over the next few years, reports the Telegraph, citing Chris Hurley, joint chief executive of LDC. Reference Link
May 15, 2015
10:25 EDTLYGBritain could extend trading plan to sell more Lloyds shares, Reuters reports
According to sources, Britain may extend a trading plan to sell more shares in Lloyds beyond the current June deadline, Reuters reports. The British government's stake now stands at 19.9%, down from 24.9%, through the plan, and the sources say an extension could help the government return Lloyds fully to private ownership within the next year. Reference Link

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