Shares in TSB rise by 15%

Shares in TSB rose by as much as 15% today as the lender returned to the stock market after nearly two decades.

Shares in TSB rise by 15%
Fri, 20 Jun, 2014 - 13:51

Shares in TSB rose by as much as 15% today as the lender returned to the stock market after nearly two decades.

The surge added £200m to the group’s value as state-backed Lloyds Banking Group floated a larger-than-expected 35% chunk of the business, increased from 25% due to investor demand.

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CourtsBusinessHeathrowPlace: BritainPlace: UKPerson: Paul PesterPerson: Mark CarneyPerson: Antonio Horta-OsorioPerson: John LewisOrganisation: TSBOrganisation: Lloyds Banking GroupOrganisation: Hargreaves LansdownOrganisation: LloydsOrganisation: Wall StreetOrganisation: Bank of EnglandOrganisation: Co-operative BankOrganisation: European CommissionOrganisation: HalifaxOrganisation: Bank of ScotlandOrganisation: TreasuryOrganisation: SagaOrganisation: FatFaceOrganisation: Shore Capital
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