UK may extend trading plan deadline to sell more Lloyds shares

London

BRITAIN is considering selling more shares in Lloyds Banking Group by extending a trading facility beyond the current deadline at the end of June, people with knowledge of the matter said.

Morgan Stanley has sold a 5 per cent stake in Lloyds since December through a "pre-arranged trading plan" that it was asked to undertake by UK Financial Investments (UKFI), the government agency which manages Britain's stakes in bailed-out banks.