UK Govt Plans to Sell Part Stake in Lloyds - Presented by: The Aol. On Network

The British government is preparing to offload around a quarter of its 39 percent stake in Lloyds, the bank rescued by tax payers at the height of the 2008 financial crisis. The exact timing of the sale is not yet known, but it could begin in the weeks following its first half results on August 1, which are expected to show a sharp rise in profits. But not everyone's convinced that's the best time. Head of Trading at ETX Capital, Joe Rundle.



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