UK government cuts Lloyds stake to just under 8 percentStaff Writer | November 22, 2016
The UK government has cut its stake in Lloyds Banking Group to just under 8%.
Britain UK Financial Investments Limited
The government began selling its shares in Lloyds - which was bailed out by taxpayers during the financial crisis - back in 2013.
In October, UK Financial Investments Limited, which manages the government's stake in the bank, said it would resume selling shares as it looks to return Lloyds to private ownership in the next 12 months. ■