U.K. FIRM UPS ITALY FUND <ITA> STAKE TO 12 PCT Lloyds Investment Managers Ltd, a London-based investment firm, said it raised it stake in Italy Fund to 760,500 shares, or 12.0 pct of the total outstanding common stock, from 466,000 shares, or 7.4 pct. In a filing with the Securities and Exchange Commission, Lloyds said it bought the additional 294,500 Italy Fund common shares since November 7 for a total of 3.3 mln dlrs. Another 70,000 shares of the stake are held by an affiliate, it said. It said its dealings in Italy Fund stock are for investment purposes only and that it has no current plans to increase or decrease its current stake.