News - Industry
Categories: Industry
Topics: Lloyds banking group | St james's place
Lloyds Banking Group could be about to sell its entire stake in St James’s Place.
According to The Independent on Sunday, Lloyds plans to sell its 60% interest in the tied-adviser as part of plans to return to profit in 2010.
St James's Place made an operating profit of £229m in 2009, well ahead of analysts' expectations. Its share price has increased by almost 50% to 249.3p over the past twelve months.
Lloyds is also thought to be planning a sale of other brands, to comply with EU competition laws and help repay its substantial Government loans.
The bank refused to comment on whether it would sell it stake in St James's Place.
Categories: Industry
Topics: Lloyds banking group | St james's place
Comments
The big question
Updating your subscription status 
IW Fund Centre
Run in conjunction with Funds Library, the IW Fund Centre combines qualitative and quantitative data on a huge range of funds.
Have your say
This week: What will happen to the eurozone if Greece leaves?
Job of the week
Events
12 Jun 2012 - 12 Jun 2012
The Cumberland Great Cumberland Place, London W1H 7DL
05 Jul 2012 - 05 Jul 2012
Royal Albert Hall, London Kensington Gore London, Greater London SW7 2AP
