Woodford eyes Lloyds' stake - reports

clock

Invesco Perpetual's Neil Woodford is considering snapping up shares in Lloyds Banking Group when the government begins selling its stake, according to reports.

Citing City sources, the Daily Mail reports Invesco Perpetual's head of investment has joined the race to buy as much as 10% of the bank.  Woodford (pictured) has avoided banking stocks for years, preferring to back defensive names in a portfolio which has long held income favourites such as AstraZeneca, GlaxoSmithKline and British American Tobacco. The Treasury is thought to be seeking a deal worth around £5bn for the 10% stake, but potential buyers are looking  to drive the price down below Lloyds’ 66.25p share price, up 0.15p yesterday. Shares in the bank have risen 120% in the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers look to capital accumulation in Q2 2025

Advisers look to capital accumulation in Q2 2025

Interest in inflation protection nudges up

Jen Frost
clock 18 July 2025 • 3 min read
For companies – and their investors – management matters

For companies – and their investors – management matters

'Management, whatever the setting, really is a difference-maker'

Gabriel Sacks
clock 17 July 2025 • 4 min read
'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

Retail platforms await further rule change details

Eve Maddock-Jones
clock 16 July 2025 • 4 min read