Lloyds expected to sell HBOS investments

Lloyds Banking Group is preparing to launch a mega sale of stakes held by recent takeover target Halifax Bank of Scotland in some of Britain’s best-known companies, reports said today.

Shareholdings in more than 60 firms including cinema chain Vue Entertainment, gym group David Lloyd Leisure and D&D Restaurants, founded by Terence Conran, are reportedly being lined up for sale by Lloyds.