Lloyds shares snapped up by TD Waterhouse share dealing customers

12 June 2009 / by Rebecca Sargent
Lloyds shares claimed a quarter of the top ten overall trades at TD Waterhouse last week, claiming 30 per cent of all shares bought.

The share dealing activity is largely down to the Lloyds rights issue, which ended last Friday that share holders bought 87 per cent of.

The share offer was held to raise money to reduce the Government's stake in Lloyds Banking Group.

Commenting, Angus Rigby, chief executive officer at TD Waterhouse said: "Our customers snapped up 61 per cent more shares in Lloyds than last week as overall take-up of the open offer reached 87 per cent."

Adding, "It's been an eventful week for the part-nationalised bank after directors faced a backlash from shareholders over its ill fated takeover of troubled HBOS at Lloyds' AGM last week, at which the bank announced 510 job losses and plans to cut a further 1,660 with the closure of its Cheltenham & Gloucester branch network on Tuesday."

Other TD Waterhouse top ten buys and sells last week include shares in the mining firm Jubilee platinum and African focused gas company Gasol, which according to TD Waterhouse recently raised £1milion through a placing of shares with two principal shareholders.

Find out more about TD Waterhouse share dealing today – Trades start at just £9.95!

© Fair Investment Company Ltd