FIRST AIRED: June 1, 2015

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 1

×

Transcript

00:00:00
it will be the biggest privatize ation since the nineteen eighties lloyd share sale to the public worth several billion pounds , the bank was bailed out in the crisis for twenty billion giving the government a forty one percent stake , still holds nearly nineteen percent and wants to get rid of it once the going is good announcing a sale within the next twelve months roaches banking correspondent matt scuffing , they never wanted to be in the bank stocks , it's long and low weights that she recovered pretty well is making a profit now and it's painted divisions said i really want to buy the shares are five the average buying pasta type they want sex stopped now the government has made ten and a half billion pounds from share sales so far cashing in at an average of more than eighty pence per share well above the average buying price of seventy three point six pence , before the crisis the bank was one of the foot c. one hundreds taupe dividend pays , status the government hopes will help lure investors , it is , expect to get back up to that level in the next , three to five years , at that point it could be paying out between fifty percent and seventy percent of its return to and retained earnings and to shareholders positive and that's extremely attractive to investors , the government's also extending a trading plan that sells to big institutional investors , scheme wall street's end in june but will now run until the end of december laying the ground for a full exit within the next year