The UK government has sold a 7.7% stake in Royal Bank of Scotland (RBS), reducing its ownership of the bank it bailed out with a £45bn rescue package in 2008 to around 62.4% from 70.1%.
At £2.71 each, shares were sold at almost half the £5.02 per share paid by the government at the height of the financial crisis, resulting in a loss of £2.1bn. Treasury economic secretary John Glen...
FAANGs take hit
Latest figures from IA
Fund managers see 'signs of a tentative recovery'
Timing market "invariably pure luck"
Active funds took 'brunt of selling' during the month
Good News Bulletin
An estimated £2.75bn
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
Why writing to MPs won't fix the FSCS levy - but writing to the Treasury Select Committee just might
It’s The Pro Adviser Podcast