£500m Lloyds shares sold off
THE TREASURY raked in another £500m from selling Lloyds’ shares, yesterday revealing that its stake in the bailed-out bank had been cut to below 22 per cent.
It is just two weeks since the previous announcement that a similar chunk of shares had been sold, indicating the pace at which the government is offloading the stock.
The share price dipped 1.1 per cent on the day to 79.7p.