By Josh White
Date: Tuesday 14 Jan 2025
LONDON (ShareCast) - (Sharecast News) - The UK government further reduced its ownership of NatWest Group on Tuesday, cutting its stake to 8.9% from 9.99%, according to a regulatory filing from the bank.
It marked the latest step in the government's ongoing divestment from the Edinburgh-based lender, which it bailed out during the financial crisis of 2008 and 2009.
At the height of the bailout, the government owned 84% of what was then the Royal Bank of Scotland Group.
Since then, it had gradually reduced its stake, holding 62% as recently as 2018.
NatWest was one of the most significant beneficiaries of taxpayer support during the financial crisis.
At 1359 GMT, shares in NatWest Group were up 0.79% at 384.7p.
Reporting by Josh White for Sharecast.com.
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Currency | UK Pounds |
Share Price | 491.50p |
Change Today | -8.50p |
% Change | -1.70 % |
52 Week High | 532.80 |
52 Week Low | 322.40 |
Volume | 67,939,705 |
Shares Issued | 8,099m |
Market Cap | £39,808m |
Beta | 0.00 |
RiskGrade | 62 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 7 |
Buy | 7 |
Neutral | 3 |
Sell | 1 |
Strong Sell | 0 |
Total | 18 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 13-Mar-25 | 08-Aug-24 |
Paid | 28-Apr-25 | 13-Sep-24 |
Amount | 15.50p | 6.00p |
Time | Volume / Share Price |
16:16 | 8 @ 489.00p |
18:28 | 45,631 @ 488.87p |
16:01 | 70 @ 488.60p |
13:14 | 11,658,616 @ 500.80p |
13:14 | 15,259,484 @ 500.80p |
CEO | Paul Thwaite |
Chair | Richard Haythornthwait |
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