19th Sep 2014 14:08
LONDON (Alliance News) - Royal Bank of Scotland Group PLC Friday said Chris Sullivan, a divisional chief executive, sold 81,900 shares at a price of GBP3.6755 per share.
The banking giant has seen the best of the relief rally that has gripped the London market following the much-anticipated referendum over Scottish independence. The final results showed that 55.3% voted in favour of maintaining the union, against 44.7% that wanted a split. While the banks had previously said they would have moved south of the border in the event of a "Yes" vote, this would have been a costly exercise, so the fact that it is business-as-usual Friday has caused a rebound in recent weakness.
The stock was trading at 367.10 pence up 2.8% Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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