Lloyds Banking Group has declined to comment on fresh speculation the company is looking to sell Scottish Widows.
Weekend reports suggested the group's new CEO, Antonio Horta-Osorio (pictured), is poised to offload the subsidiary, possibly together with the bank's 60% stake in wealth manager St James's Place. Horta-Osorio is expected to unveil the plans as part of his strategy to focus the 43% taxpayer-owned business on its core banking services, which he will present to investors at the end of June. Possible buyers of Scottish Widows, which would face a reported price tag of between £5bn and £7bn, include the Clive Cowdery-led Resolution Group, which owns Friends Provident and Bupa's health assu...
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