Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Autumn Statement: Lloyds sale to be offered direct to public

Autumn Statement: Lloyds sale to be offered direct to public

The government is hoping to build on the enthusiastic reception of the Royal Mail to public trading by examining how to maximise the number of private investors able to take part in a sale of Lloyds.

Following the feel-good factor of the rapid appreciation of shares in Royal Mail after it listed in the autumn, the Autumn Statement said: ‘The government would like to give the British public the opportunity to participate directly in future sales when the time is right’.  

Private investors hoping for a repeat of the near 100% appreciation of Royal Mail to 599p per share may be disappointed however.

‘[The] overriding concern is to ensure the taxpayer gets value for money for the sale of the shares,’ the document added.

The treasury did not provide any further information on the potential scale or timing of its remaining stake in the bailed-out bank.

A previous sale of 15% of the publically-owned business in September was targeted at institutional investors.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter