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UK cuts stake in NatWest to below half

  Bloomberg NatWest Group, the British bank will no longer be mostly owned by the UK government after it bought back nearly 5% of its shares in an off-market deal. The sale of the stake for £1.2 billion takes government’s shareholding to about 48%, and ends more than a decade of majority state ownership of the bank The UK government’s ...

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Tesla adds $84b to valuation in a day on stock-split signal

Bloomberg Tesla Inc added about $84 billion to its stock-market value, more than Ford Motor Co.’s entire market capitalisation, after the electric-vehicle maker said it is planning a second stock split in about two years. Stocks splits for large companies have returned to the spotlight recently with Amazon.com Inc. saying earlier this month that it will do a 20-for-1 stock ...

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Stocks climb, oil rises amid cease-fire talks

Bloomberg Stocks rise on Tuesday as cease-fire talks between Russia and Ukraine helped fuel risk appetite. The Stoxx Europe 600 Index advanced, with auto and consumer stocks outperforming. US equity futures climbed after benchmarks rose for a third session. Oil reversed earlier declines as investors weighed the impact of China’s mobility curbs against a Covid-19 resurgence on demand. Government bond ...

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