CAN THE UK MAKE A PROFIT ON ITS BANK STAKES TOO?

first_img Share whatsapp KCS-content Show Comments ▼ CAN THE UK MAKE A PROFIT ON ITS BANK STAKES TOO? by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald center_img Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Tuesday 7 December 2010 8:56 pm The US Treasury invested a total of $45bn to bail out Citigroup (headed by Vikram Pandit), taking control of 27 per cent of the banking giant. The government has slowly whittled down its stake, with the bank paying back $20bn in preferred stock earlier this year. Last week the government sold 2.4bn shares for $10.5bn. It now estimates it has a cumulative $12bn profit from the bailout, including interest and dividends of $2.9bn.The Government currently holds a total of 27.6bn ordinary shares in Lloyds (headed by Eric Daniels), including 15.8bn shares taken up in Lloyds’ rights issue. This is equivalent to 41 per cent of total share capital. The total government outlay was £20.3bn. Lloyds’ current market cap is £45bn, valuing the government’s stake at £18bn, meaning an immediate sale would lose the taxpayer in the region of £2bn.The Government currently holds a total of 90.6bn shares in RBS (headed by Stephen Hester), including 51.0bn non-voting B shares. This is equivalent to 68 per cent of voting share capital and 83 per cent of total share capital. The total government outlay was £45.5bn. RBS’ current market cap is £45bn, valuing the government’s stake in the bank at £37bn – meaning an immediate sale would lose the taxpayer £8bn. Tags: NULL whatsapplast_img read more

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Mouchel tanks after rejecting two bidders

first_img Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com KCS-content Mouchel tanks after rejecting two bidders MOUCHEL’S shares tanked yesterday after it announced it has rejected overtures from two possible buyers.Rival Interserve and construction firm Costain were both kicked to the curb by the Mouchel board, wiping £60m off its already battered market cap – more than a third of its value.Mouchel said it rejected the offer from Interserve, which valued the firm at 135p a share, because it undervalued the business. It rejected Costain because it said there was too much execution risk.The company said: “the board has decided it is not in shareholders’ interests to proceed with any further discussions with Interserve or Costain.”Mouchel also announced its first-half revenues slipped 13 per cent to £270.3m, with underlying profits falling 73 per cent to just £4.1m. It pointed to the hammering it has taken as a result of government spending cuts. The firm will not pay a dividend. Its shares closed 31.4 per cent lower at 101.26p yesterday. Share Tags: NULL whatsapp Tuesday 29 March 2011 8:35 pm whatsapplast_img read more

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