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Stocks Lloyds Banking Group PLC

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  • *UK government sells 5.4 pct to leave it with 73 pct. LONDON, Aug 4- Britain took a 1.1 billion pound loss on its first sale of shares in Royal Bank of Scotland on Tuesday, sparking accusations from opposition politicians of an unnecessarily rushed and costly disposal. The UK government sold a 5.4 percent stake in RBS at 330 pence per share, a third below the price paid...

  • *Britain starts sale of RBS stake at a loss. *UK faces loss on 45 bln stg RBS bailout after profit on Lloyds. LONDON, Aug 3- Britain started the sale of a 2 billion pounds stake in Royal Bank of Scotland on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the financial crisis.

  • LONDON, Aug 3- Britain started to return its holding in Royal Bank of Scotland to private investors on Monday, seven years after it bailed out the bank, selling a stake worth 2 billion pounds at a loss. Britain owns 78 percent of RBS after rescuing it with 45.8 billion pounds of taxpayer cash at the height of the financial crisis in 2008. Its stake will reduce to 73.2...

  • LinkedIn and Expedia are big market movers Friday, 31 Jul 2015 | 4:33 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. LinkedIn Corp., down $23.89 to $203.26. Hanesbrands Inc., down $3.11 to $31.03.

  • Lloyds bank first half net income up 15 percent Friday, 31 Jul 2015 | 4:35 AM ET

    LONDON— Lloyds Banking Group says first-half net income rose 18 percent to 677 million pounds as the government-backed bank accelerated its recovery from the financial crisis. The bank, bailed out by taxpayers in 2008, disclosed Friday that the government's stake had been reduced to just 15 percent from as much as 43 percent. CEO Antonio Horta-Osorio said in a...

  • Bank of Ireland profits double as country rebounds Friday, 31 Jul 2015 | 2:09 AM ET

    Bank of Ireland, which was bailed out during the country's debt crisis, reported soaring profits for the first half of 2015 as bad debts were reduced.

  • LONDON, July 14- HSBC should have made deeper checks before buying a Swiss private bank that allegedly allowed customers to dodge taxes and a Mexican business that breached anti-money laundering rules, its former chairman said. We didn't get everything right, " Stephen Green told British lawmakers on Wednesday. "We had that reputation sullied by things we didn't...

  • FACTBOX-Contenders to be Barclays chief executive Thursday, 9 Jul 2015 | 8:48 AM ET

    Morzaria was born in Uganda and moved to Britain in 1971. The British citizen, who graduated in computer science and accounting from Manchester University, is a qualified chartered accountant. He has also worked at Credit Suisse and SG Warburg. Colm Kelleher, Morgan Stanley president of institutional sales: 3/ 1.

  • LONDON, July 8- Barclays Chairman John McFarlane has fired the British bank's chief executive just three months after taking the lender's top job, saying an injection of new blood would help accelerate strategic change and boost shareholder returns. McFarlane said on a conference call he had spoken to Jenkins last week about his position after independent...

  • *Britain to start selling shares in the coming months. LONDON, June 11- Shares in Royal Bank of Scotland rose after Britain's Conservative government said it would start selling its 32- billion pound stake at a loss, a decision criticized by the opposition Labor party. Osborne had previously said he would "need a lot of persuading" to sell the bank at a loss but...

  • *Britain to start selling shares in the coming months. LONDON, June 11- Shares in Royal Bank of Scotland rose after Britain's Conservative government said it would start selling its 32- billion pound stake at a loss, a decision criticised by the opposition Labour party. Osborne had previously said he would "need a lot of persuading" to sell the bank at a loss but...

  • LONDON, June 11- Shares in Royal Bank of Scotland rose on Thursday after Britain's Finance Minister George Osborne said the government would start selling its 32 billion pound stake in the bank. Analysts said there would be significant interest from institutional investors willing to overlook ongoing issues relating to past misconduct at RBS and...

  • *Osborne says sale right thing to do for UK taxpayers. LONDON, June 10- Britain will start selling its 32 billion-pound stake in Royal Bank of Scotland in the coming months, finance minister George Osborne said on Wednesday, giving up on his previous intention to only sell the shares for a profit. Osborne said he had received independent advice from the Bank of...

  • George Osborne ready to sell off RBS at a loss Wednesday, 10 Jun 2015 | 4:00 PM ET

    George Osborne aims to start selling the state's £32 billion stake in Royal Bank of Scotland at a loss.

  • LONDON, June 5- Britain could make an initial sale of shares in Royal Bank of Scotland in September to avoid clashing with the full privatisation of Lloyds Banking Group next March, banking and political sources said. RBS was rescued by the government during the 2007-9 financial crisis at a cost of 45 billion pounds to taxpayers, leaving Britain with an 80 percent...

  • *First sale could raise up to 5 bln stg- bankers. LONDON, June 5- Britain may accelerate plans to start selling shares in Royal Bank of Scotland to avoid a sale clashing with the full privatisation of Lloyds Banking Group in March next year, banking and political sources said. RBS was rescued by the government during the 2007-9 financial crisis at a cost of 45.2...

  • LONDON, June 4- Britain will sell its 30 percent stake in postal operator Royal Mail, currently worth about 1.5 billion pounds, as it renews its drive to wipe out the budget deficit, finance minister George Osborne said on Thursday. The sale of the government's remaining stake in Royal Mail will mark the final stage in one of Britain's most high-profile...

  • Lightning Round: Time to take profits on this Friday, 29 May 2015 | 7:00 PM ET
    Mad Money Lightning Round

    It's Lightning Round time! Jim Cramer gives his take at lightning speed for a few caller favorite stocks.

  • LONDON, May 20- British finance minister George Osborne will set out plans on Wednesday to streamline the sale of 23 billion pounds of bank shares and other publicly owned assets by creating a new government-run company. In a speech to business leaders in London, Osborne will highlight the plan as part of a drive to improve Britain's low productivity- which he...

  • EDINBURGH, May 14- State-backed Lloyds Banking Group could be returned to full private ownership in the next 12 months, its Chairman Norman Blackwell told reporters. The government, which pumped 20 billion pounds into the bank to bail it out during the 2007-9 financial crisis, has already reduced its stake to under 20 percent from 41 percent.