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FedEx shares up as US deliveries, cost cuts boost profits

Shares of FedEx rose on Wall Street today after the parcel giant's first-quarter results surprised Wall Street, driven by strong domestic deliveries and cost-cutting measures that offset a tariff-induced decline in international volumes.

Business • 19 Sep

The UK state's ownership of the bank has gone from just under 38% in December to 19.97% today, the bank said today

UK government's shareholding in NatWest falls below 20%

The British government's stake in NatWest fell below 20% today, the bank said, moving the lender closer to full private ownership after its state bailout in the 2008 financial crisis.

Business • 15 Jul 24

NatWest remains 62% UK taxpayer-owned as a legacy of its state bailout in the 2007-09 financial crisis

NatWest to buy back £1.1 billion of shares from UK govt

NatWest will buy back £1.1 billion of its shares from the UK government in the first off-market deal since the British bank was bailed out during the financial crisis.

Business • 19 Mar 21

The Ryanair boss was speaking at the launch of the airline's 2017 summer schedule for Northern Ireland

UK will be 'screwed' in Brexit talks - O'Leary

Ryanair CEO Michael O'Leary has rubbished British government claims it will secure favourable trade deals post-Brexit, insisting the UK will be "screwed" in negotiations.

Business • 20 Sep 16

UK government has now raised £16 billion from the sale of Lloyds shares

UK government sells another 1% stake in Lloyds

The UK government has sold off a further 1% chunk in taxpayer-backed Lloyds Banking Group, reducing its overall stake to less than 10%.

Business • 29 Oct 15

Royal Mail's privatisation in 2013 had attracted criticism from opposition politicians and trade unions

UK sells remainder of Royal Mail stake for €591m

The British government has sold the remainder of its stake in Royal Mail, earning £591.1m from its 13% holding and opting to gift its remaining 1% stake to Royal Mail staff.

Business • 13 Oct 15

UK government now owns a 14.98% stake in Lloyds Banking Group

UK government's stake in Lloyds falls below 15%

Britain has reduced its stake in Lloyds Banking Group to less than 15%, moving closer to a full privatisation, having raised £13 billion so far from the sale of its shares.

Business • 16 Jul 15