News Column

Lloyds share sale release gaffe

May 31, 2014

BRITAIN'S finance ministry mistakenly released potentially market- moving information on Friday and blamed a website error for erroneously saying it planned to sell pound(s)4billion ($6.7billion) of shares in Lloyds Banking Group.

The government is not planning to sell the shares, and the release was "completely erroneous," a Treasury spokesman said. "The Treasury is urgently looking into why this happened," he added.

People familiar with the matter said investors should not read anything into the release, which was received by news organisations.

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Source: Herald, The (Scotland)

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