By Malcolm Stacey | Tuesday 29 March 2022
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Chompers. At last, our debt-laden Government has sold shares in NatWest Group (NWG) back to the bank. That means that the Treasury no longer holds as much control over the bank as its voting rights now fall below 50%. Following the sale of a chunk of its shares, government ownership in NatWest is now at 48.1% – down from 50.6%. The plan is to cancel all these shares. That can only be good news for the share price.
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