AIB plans to speed up reduction of 71% taxpayer stake State-controlled lender intends to buy back up to almost 5% of company
Thu, Apr 1, 2021, 15:56
State-controlled AIB is seeking shareholder approval at its upcoming annual general meeting (agm) to allow it to buy back up to an almost 5 per cent stake from taxpayers, as it seeks to accelerate its privatisation.
The lender, led by chief executive Colin Hunt, said in a notice posted on its website on Thursday afternoon that it is proposing a resolution at its agm in early May to enable it enter a so-called directed buyback contract to repurchase up to 4.99 percentage points of the State’s 71 per cent bank stake.
RBS offers savers 3% âgo-toâ interest rate account with flexible access to cash
The Digital Regular Saver account offers one of the best savings rates currently on the market.
The RBS Digital Regular Saver account is described as the go-to account for savers (Image: Getty Images)
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Seeing how the Covid-19 pandemic has affected oil markets, they say now is a golden opportunity to phase out fossil fuels and usher in an era of renewable resources, freeing developing countries in particular from ‘dirty energy sources.’
Carbon emissions
Over the last 300 years, all of Africa has emitted seven times less carbon dioxide than China, 13 times less than the United States, and 18 times less than the combined countries of Europe.
Attempting to phase out Africa’s oil industry to prevent climate change is like snuffing out a small, controlled campfire instead of focusing your attention on kilometers of blazing forestland.
Former RBS branch to be turned into Bannockburn community hub
Reburbishment of bank and library to breathe new life into community assets in £1.2 million project
Former RBS branch is to be transformed into a community hub (Image: Stirling Observer)
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Former Stirling bank branch earmarked for city centre shops
Planning permission granted for three retail units plus an office at vacant RBS premises
Updated
The site at 2 Pitt Terrace, next to Domino’s and Iceland, has lain empty ever since the Royal Bank of Scotland closed in November 2018 (Image: Stirling Observer)
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