Settlement on PPI Complaint Handling

Lloyds on track to top 100p

Barclays Capital Overweight 86.99 90.00 105.00 Retains

OH YEESSS!

The Commissioners of Her Majesty's Treasury Below 17%

Britain has cut its stake in Lloyds Banking Group (LLOY.L) to below 16 percent, taking the total raised through the sale of the government's shares in the bank to more than 12.5 billion pounds ($19.5 billion).

Lloyds said on Thursday that Britain's finance ministry had reduced its stake to 15.9 percent, from 16.9 percent, in a further step towards its full privatisation which is expected next year.

http://uk.reuters.com/article/2015/07/03/uk-lloyds-sale-idUKKCN0PC0EL20150703

"The government's remaining stake is worth 9.9 billion pounds at current share prices. It is expected to offer retail investors the chance to participate in an offer of several billion pounds worth of Lloyds shares next year."
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At the rate of disposals that share sale to the public will likely come this year
rather than next!

Societe Generale Buy 84.98 98.00 102.00 Reiterates

Canaccord Genuity Buy 84.98 70.00 100.00 Upgrades

Gvnt holding now down below 15%
That didn't take long for the last 1% drop.

Better late than never.......I suppose! (Though sacrificial lambs springs to mind if things go wrong).

"StockMarketWire.com
Lloyds Banking Group has established a Responsible Business Committee of the Board.

Sara Weller has been appointed as the chairman of the new committee and its other members will be Lord Blackwell, the Group chairman, and Anita Frew, deputy chairman.

Ms. Weller said: "The creation of the new Board-level Responsible Business Committee is a further demonstration of our commitment to put customers and communities at the heart of everything we do. The Board remains focused on ensuring that the Group makes the right decisions for the right reasons."

Nomura Buy 87.55 100.00 103.00 Reiterates

Swines!

Exane BNP Paribas Outperform 86.86 100.00 95.00 Reiterates

StockMarketWire.com
Lloyds Banking Group has agreed the sale of a portfolio of Irish commercial loans to a consortium comprising Ennis Property Finance Limited, an entity affiliated to Goldman Sachs; Feniton Property Finance Limited, an entity affiliated to CarVal; and Bank of Ireland, for £827m. The gross assets subject to the transaction are c.£2.6 billion, of which £2.3 billion were impaired and in the year to 31 December 2014 they generated pre tax losses of c.£130 million.

The sale proceeds will be used for general corporate purposes and the transaction is not expected to have a material impact on the Group but will be capital accretive (c.7bps).

'o' buys on one page: 500K 80K 60K 57K

Nice buys!

I had to put the CNA money somewhere! :-)

I have a very large empty pocket if you need help!

Eer - let me think about that!

When stock is 'mopped up' at the mid price, one would mostly suppose it goes to 'friends of the broker/company'.

Interims tomorrow!

7am skinny!