Invesco Perpetual's Neil Woodford is considering snapping up shares in Lloyds Banking Group when the government begins selling its stake, according to reports which the fund group has denied.
Citing City sources, the Daily Mail reported Invesco Perpetual's head of investment has joined the race to buy as much as 10% of the bank. However, Invesco Perpetual has refuted the claims, issuing a statement today which read: "Neil Woodford has no intention of buying a stake in Lloyds or any other UK focused high street bank at the current time." Woodford (pictured) has avoided banking stocks for years, preferring to back defensive names in a portfolio which has long held income favourites such as AstraZeneca, GlaxoSmithKline and British American Tobacco. The Treasury is thought...
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