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The taxpayer holding in NatWest is less than 5 per cent for the first time since the £46billion bailout in the 2008-09 financial crisis – which saw the government take an 84 per cent stake.
The state now owns just 4.82 per cent of the lender and wants to reduce the holding to zero by July. NatWest rose 0.7 per cent, or 43p, to 433.6p.
The FTSE 100 inched up 1.59 points to 8452.56 while the FTSE 250 was down 1 per cent, or 197.94 points, to 19,688.57.
Magners cider maker C&C tumbled 19.1 per cent, or 28.2p, to 119.6p after it warned of lower-than-expected profits.
Property company Savills fell 8.6 per cent, or 85p, to 906p as a lack of a turnaround plan alongside annual profits miffed investors.
Trainline made a record amount last year but fell 13.2 per cent, or 41.4p, to 272.4p on fears over plans for a rival ticketing app. Ventilation firm Volution rose 12.7 per cent, or 66p, to 585p as it said full-year earnings will be higher than thought.
Stake: The state now owns just 4.82% of Natwest and wants to reduce the holding to zero by July. NatWest rose 0.7%, or 43p, to 433.6p
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