TSB share boost: will they make a good investment?
TSB share boost: will they make a good investment?"
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Lloyds will sell more TSB shares than previously expected after healthy demand for a stake in the new high-street bank.
"Institutional and retail investors have clamoured to buy shares over the past few days, according to informed sources," The Times reports. "In response, Lloyds will increase the amount of
the bank it will sell off from 25 per cent to 35 per cent."
Lloyds is also expected to announce that it will price TSB shares at 260p, which would value the bank at £1.3bn. That is below its book value of £1.6bn, but above what many analysts were
predicting last week.
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