No Result
View All Result
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Smart Investment Today
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Smart Investment Today
No Result
View All Result
Home Investing

Natwest buys back £1bn in shares from Treasury as government stake drops to 11%

by
November 11, 2024
in Investing
0
Natwest buys back £1bn in shares from Treasury as government stake drops to 11%
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

NatWest has purchased £1 billion of its own shares from the UK Treasury, lowering the government’s stake in the FTSE 100 lender to just over 11%.

This buyback, the second of its kind in 2024, saw NatWest acquire 263 million shares at a price of 380.8p each, a step CEO Paul Thwaite describes as an “important milestone on the path to full privatisation.”

The government’s stake in NatWest, formerly Royal Bank of Scotland, was as high as 84% after the 2008 financial crisis bailout. Over recent years, the state has gradually reduced its ownership through share sales to institutional investors and buybacks. In 2024 alone, NatWest has repurchased £2.2 billion of shares from the Treasury, cutting the government’s holding by over two-thirds since December.

The Labour government cancelled plans for a public share sale of NatWest in June, which was expected to offload part of the government’s 20% stake but was scrapped due to concerns it could cost taxpayers up to £450 million. The “Tell Sid”-style public offering was initially proposed by the previous Conservative government.

The Treasury’s latest sale continues the trend of privatising the bank, which has been a key objective since the taxpayer-funded bailout over a decade ago.

Read more:
Natwest buys back £1bn in shares from Treasury as government stake drops to 11%

Previous Post

Pressure mounts on Lloyds to release full report on £1bn HBOS fraud scandal

Next Post

Mises on the Human and Financial Disaster that Was World War I.

Next Post

Mises on the Human and Financial Disaster that Was World War I.

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest

    Gold Prices Rise as the Dollar Slowly Dies

    May 25, 2024

    Richard Murphy, The Bank of England, And MMT Confusion

    March 15, 2025

    We Can’t Fix International Organizations like the WTO. Abolish Them.

    March 15, 2025

    Free Markets Promote Peaceful Cooperation and Racial Harmony

    March 15, 2025

    5 Reasons Customizable Engagement Rings Are Taking Over the Engagement Ring Market

    0

    Ana-Maria Coaching Marks Milestone with New Book Release

    0

    The Consequences of California’s New Minimum Wage Law

    0

    Memorial Day

    0

    5 Reasons Customizable Engagement Rings Are Taking Over the Engagement Ring Market

    July 11, 2025

    When to Contact a Personal Injury Law Firm in NYC After a Minor Car Accident

    July 11, 2025
    The First Amendment Protects Ideologically Based Ad Boycotts

    The First Amendment Protects Ideologically Based Ad Boycotts

    July 11, 2025
    A Dash for Cash: What to Do About Crowdfunding?

    A Dash for Cash: What to Do About Crowdfunding?

    July 11, 2025

    Recent News

    5 Reasons Customizable Engagement Rings Are Taking Over the Engagement Ring Market

    July 11, 2025

    When to Contact a Personal Injury Law Firm in NYC After a Minor Car Accident

    July 11, 2025
    The First Amendment Protects Ideologically Based Ad Boycotts

    The First Amendment Protects Ideologically Based Ad Boycotts

    July 11, 2025
    A Dash for Cash: What to Do About Crowdfunding?

    A Dash for Cash: What to Do About Crowdfunding?

    July 11, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Editor’s Pick
    • Investing
    • Stock

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved