MARKET TALK: Lloyds Banking Group Pvt Equity Sales Welcomed

5th Jul 2010 10:35

0935 GMT [Dow Jones] Lloyds Banking Group's (LYG) sale of a portfolio of 40 private equity investments to a joint venture with Coller Capital "offers further confidence of a sharp fall in 2010e impairments," says Exane BNP Paribas analyst Ian Gordon, who expects a reduction of around 44% in 2010 impairments from 2009. "Slowly but surely, Lloyds is getting on with the job of divesting non-core assets and businesses," Gordon says, keeping an outperform rating and 80p target. Shares down 1.1% at 54p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 05, 2010 05:35 ET (09:35 GMT)