MARKET TALK: Lloyds Disposal Consistent With Strategy - Shore

5th Jul 2010 08:28

0728 GMT [Dow Jones] Lloyds Banking Group's (LLOY.LN) disposal of a portfolio of 40 private equity investments in its Bank of Scotland [BoS] Integrated Finance business is consistent with the group's strategy and is structured to allow Lloyds to share in future investment upside, says Shore Capital. Brokerage adds the transaction is not expected to have a material impact on the Lloyds Banking Group accounts. Still, remain cautious on Lloyds reflecting concerns over the UK economic recovery. Has a hold rating. Shares -0.4% at 55p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 05, 2010 03:28 ET (07:28 GMT)