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Investment Banking

UK delays sale of Lloyds shares on market turmoil

Chancellor George Osborne says sale has been shelved until markets ‘have calmed down’

The UK government said on January 28 it has postponed a planned sale of shares in the partially state-owned lender Lloyds Banking Group, citing ongoing turmoil in financial markets.

The news is the latest sign of nervousness in stock markets following weeks of volatility triggered by fears over the health of the global economy.

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