Shares in Lloyds Banking Group on Monday slid 2.3% to a seven-month low, having dropped a total of 14% in the past four sessions as traders have sold the stock in anticipation of a debt-for-equity swap later this month. One analyst blamed the slump on “overly aggressive positioning” during the pricing period for the £1.48bn equity issue, which is due to close on Thursday.

This entry was posted by Gwen Robinson on Tuesday, February 9th, 2010 at 5:03 and is featured in The 6am Cut London (9 Feb 2010) . Tagged with Lloyds Banking Group. Edit this entry.