Royal mail delivers but not all ip os are great
The Business, Innovation and Skills select committee says taxpayers may have lost out on £1bn from an undervalued Royal Mail, but what can investors learn about the recent spate of high-profile IPOs?
The Business, Innovation and Skills select committee says taxpayers may have lost out on £1bn from an undervalued Royal Mail, but what can investors learn about the recent spate of high-profile IPOs?
River and Mercantile and Lloyds TSB deals may be key to asset manager and bank floats in 2014
The financial group is offering up a quarter of its TSB segment to investors in June.
Lloyds TSB and Bank of Scotland have been fined more than £28m by the Financial Conduct Authority, its largest-ever fine for retail conduct failings.
The Treasury said it hopes the public will be able to participate in the sale of its Lloyds stake, but want to ensure taxpayers get a fair deal after bailing the lender out during the credit crisis.
The public has more faith in Lloyds Bank than RBS with almost two-thirds stating they would participate in an initial public offering (IPO) in the bank compared to 43% who would do so for RBS.
The pace of change on the UK high street is such that within hours this morning instead of being owned by another banking group, branches of Lloyds TSB could be made available to Joe Public instead.
Lloyds TSB Private Banking has confirmed that Matthew Glaister has left his position within the private clients team.