Existing users please login

Forgot Password

Home / Markets

Thursday, March 18, 2010

RBS: See Government Stake Sold Or Cut By 2013

| Respond to Editor | Print

 
By Patricia Kowsmann
Dow Jones Newswires
     

    LONDON -(Dow Jones)- Royal Bank of Scotland Group PLC (RBS) expects that by 2013, the U.K. government will have sold or at least begun to sell its shares at a profit, it said in its annual report released Thursday.

    RBS, which is 84%-state owned, also said it is targeting a 15% return on equity by the same year.

    For the government to break even on its investment in the bank, shares would have to reach 50.5 pence each. At 0849 GMT, they were at 43 pence, down 1.1% for the day.

    Copyright © 2009 Dow Jones Newswires

    Fox Business Video


    Last 5 Stocks

    Find More Stocks

    • Ticker
    • Company
    • Price
    • Change
    Powered by
     

    Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

    Advertise with us | Jobs at FOX Business Network | Internships at FBN

    Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

    Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

    This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.