Mon, Jul 8, 2013 11:12 AM EDT 0:59
Lloyds Banking Group shares jumped to a 2-1/2 year high as overseas investors stepped up their interest in buying part of the bank and media reports suggested some may want half the government's stake. Former Standard Chartered chief executive Mervyn Davies is talking to others about forming a consortium to be an "anchor" or cornerstone investor in part-nationalized Lloyds- which the government is planning to sell. Britain will push ahead with its biggest privatization in decades when it unveils plans for a $3.7 billion stock listing of state postal operator Royal Mail. Jaguar Land Rover (JLR) and logistics firm DHL said that plans are in place to minimize the impact on production at the carmaker's British plants from a threatened strike by DHL staff.