Day: June 2, 2024

2 Results / Page 1 of 1

London's Financial Centre


Anti-greenwashing rule comes into effect

It's in a bid to tackle misleading investment claims. Financial institutions and firms must ensure retail investors are given accurate information on sustainability as a new anti-greenwashing rule comes into effect. The Financial Conduct Authority (FCA) said claims on the green goals of investment products and services should be “fair, clean and not misleading”, starting from Friday. The rule is the first to kick in from a wider package of […]

todayJune 2, 2024 6



Treasury sells £1.24bn of NatWest stake

Government shareholding is now 22.5%. The Government has sold £1.24 billion of shares in NatWest, accelerating the process of bringing the high street bank into private ownership. A notice on Friday confirmed that the Government’s shareholding in the bank has fallen by about 3.5 percentage points to 22.5%. NatWest received several multibillion-pound bailouts during the financial crisis in 2008 and 2009, leaving the Government with an 84% stake in what […]

todayJune 2, 2024 7

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