U.K. weighing sale of Lloyds Banking Group shares, Bloomberg says The U.K. government is mulling a sale of 5%-10% of Lloyds Banking Group shares as it looks to reduce its holdings in the bank, Bloomberg says. The sale would be a first step to measure investor appetite for the shares and may happen as soon as September, added Bloomberg. Reference Link
Lloyds Banking reports Q1 underlying profit GBP 2.18B vs. GBP 1.8B Reports Q1-end fully loaded common equity tier 1 ratio 13.4% vs. 12.8% last quarter. Reports Q1 profit before tax and sale of TSB GBP 1.87B. Reports Q1 total income GBP 4.64B. Reports total costs flat YoY with increased investment in the business. Reports Q1 impairment charge reduced to GBP 177M. Reports Q1-end tangible net assets per share increased to 55.8p.