British government reduces stake in Lloyds to below 9 percent
The British government said yesterday it had reduced its stake in Lloyds Banking Group to just below 9 percent, its first sale since the relaunch of a trading plan that was shelved almost a year ago because of market turbulence.
Earlier this month, UK Financial Investments Limited (UKFI), which manages the government''s stake in the bailed-out Lloyds bank, said it would resume share sales in a bid to retur
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