28th Jan 2016 11:15
LONDON (Alliance News) - UK Chancellor George Osborne has postponed the sale of the government's remaining 9.2% stake in Lloyds Banking Group, the BBC reported on Thursday.
According to the report, Osborne blamed global market turmoil for the delay.
Lloyds shares were down 1.5% at 63.94 pence on Thursday morning, well below the 73.6 pence level at which the taxpayer breaks even on its stake.
The stock touched its lowest level since July 2013 on Tuesday this week, when it fell to 61.86p.
http://www.bbc.co.uk/news/business-35429472
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Lloyds