U.K. cuts stake in Lloyds again

• The U.K. government continues to offload its stake in Lloyds (NYSE:LYG), reducing its holdings to 15.9% as part of a trickle-out process that allows shares to be sold on the open market as long as they can make a profit.
• The news comes just nine days after the U.K.'s stake fell to 16.9%, indicating the government had sold shares worth roughly £600M in just over a week.
• Previously: U.K. cuts Lloyds stake to below 17% (Jun. 23 2015)