After 17 years the Treasury's NatWest exit is in sight, with no need for a flashy public sell-off
The Guardian|November 12, 2024
Sometime next spring, HM Treasury should finally sell its last share in NatWest, or the Royal Bank of Scotland as it was.
Nils Pratley
After 17 years the Treasury's NatWest exit is in sight, with no need for a flashy public sell-off

The process will have taken 17 years. If that feels like an age, it is a shorter timespan than seemed likely only 12 months ago.

At the end of last year, the government's stake—84.9% after the two-stage nationalisation by the last Labour administration in 2008-09—was still 38%. Now it is down to 11.4% after the latest "directed buyback", in which the bank bought shares from the Treasury for cancellation—in this case £1bn-worth.

NatWest probably has scope to fund another £1bn in the same way before spring, but the bulk of the shares will be shifted by straightforward sales in the stock market. It is this steady drip-feed of shares via a trading plan that has quietly made the difference in the past 12 months.

Diese Geschichte stammt aus der November 12, 2024-Ausgabe von The Guardian.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 12, 2024-Ausgabe von The Guardian.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE GUARDIANAlle anzeigen
Parry: Premier League would be 'sterile' without EFL
The Guardian

Parry: Premier League would be 'sterile' without EFL

Rick Parry has accused the Premier League of undervaluing the football pyramid, arguing that without the \"variety and competition\" that come from relegation and promotion the game would become \"sterile\".

time-read
2 Minuten  |
November 13, 2024
Official review: Coote faces FA investigation as Webb breaks silence on video
The Guardian

Official review: Coote faces FA investigation as Webb breaks silence on video

The Football Association has launched its own investigation into the behaviour of the referee David Coote after remarks he made about Jürgen Klopp in a video that surfaced online this week.

time-read
1 min  |
November 13, 2024
Match-by-match: Coote's Liverpool games as an official
The Guardian

Match-by-match: Coote's Liverpool games as an official

Referee who has been caught on video in a foul-mouthed tirade against Jürgen Klopp officiated 21 Liverpool games. Andy Hunter takes a look at the decisions in each one

time-read
4 Minuten  |
November 13, 2024
Wretched, haunted but human: a referee shaped by modern football
The Guardian

Wretched, haunted but human: a referee shaped by modern football

Is it really a surprise that an official or someone similar should end up glassy-eyed and spitting toxins on a sofa?

time-read
5 Minuten  |
November 13, 2024
Hall's audition adds intrigue to England's Nations League finale
The Guardian

Hall's audition adds intrigue to England's Nations League finale

In-form Newcastle defender can show Thomas Tuchel he can be the solution to perennial problem on the left

time-read
3 Minuten  |
November 13, 2024
The Guardian

'It's about robust planning, proper financial control'

is about \"preventing the shocks\" that have disrupted the sport in recent years.

time-read
1 min  |
November 13, 2024
'People are going to see women's boxing at its very best'
The Guardian

'People are going to see women's boxing at its very best'

The super-lightweight world champion Katie Taylor says her rematch against Amanda Serrano in Texas, as the main support act to Tyson v Paul, will be something special

time-read
5 Minuten  |
November 13, 2024
Blindkilde Brown and Fujino help City avoid slip up
The Guardian

Blindkilde Brown and Fujino help City avoid slip up

Manchester City maintained their 100% start in the Women's Champions League group stage as second-half goals from youngsters Laura Blindkilde Brown and Aoba Fujino were enough to beat a determined Hammarby side.

time-read
3 Minuten  |
November 13, 2024
Players must cope with extra scrutiny, says Lewis
The Guardian

Players must cope with extra scrutiny, says Lewis

The England coach, Jon Lewis, said his players experienced a \"sharp learning curve\" about perception management in the fallout from their disastrous group-stage exit in last month's T20 World Cup.

time-read
2 Minuten  |
November 13, 2024
No input from Jones in England's plan to upset Springboks
The Guardian

No input from Jones in England's plan to upset Springboks

England will not be benefiting from the insider knowledge of their former Springbok assistant coach Felix Jones this weekend after it emerged that neither their players nor key staff members have been in contact with the Irishman, still supposedly employed remotely by the Rugby Football Union (RFU).

time-read
2 Minuten  |
November 13, 2024