Press Releases

December 2011

15th December 2011

Keith Morgan to leave UKFI in 2012
UKFI today announces that Keith Morgan is to step down from his role as Head of Wholly Owned Investments next year following the completion of his role in restructuring UKFI’s wholly owned portfolio. Keith will work with the company to finalise this process before leaving in the first half of 2012. download

November 2011

17th November 2011

UKFI announces agreement to sell Northern Rock to Virgin Money
UKFI announces that that HM Treasury has agreed to sell 100% of the share capital of Northern Rock plc to Virgin Money, creating a new retail banking competitor with four million customers, bringing additional choice to the UK market and securing jobs in the North East. download

July 2011

18th July 2011

UKFI publishes Annual Report and Accounts
UK Financial Investments Limited (UKFI) has published its annual report and accounts for the year ending 31 March 2011. Download [94 KB] download

May 2011

18th May 2011

Statement re: Lloyds Annual General Meeting
UKFI has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 18 May. download

April 2011

19th April 2011

Statement re: RBS Annual General Meeting
UKFI has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 19 April. download

March 2011

10th March 2011

Appointment of Corporate Finance Advisor
UKFI has announced the appointment of a Corporate Finance Advisor to support both Northern Rock plc and UKFI in the evaluation of the strategic options for the Company. download

Press Release Archive

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31st March 2017

UKAR announces £11.8 billion sale of Bradford & Bingley assets
UK Financial Investments Limited (UKFI), today confirms that following an open and competitive sales process, UK Asset Resolution Limited (UKAR), the holding company for the government owned businesses of Bradford & Bingley plc (B&B) and NRAM Limited (NRAM), has agreed to sell two separate asset portfolios of performing buy-to-let loans from B&B to Prudential plc and to funds managed by Blackstone for £11.8 billion

7th October 2016

Intention to sell shares in Lloyds Banking Group plc through a trading plan
UKFI today announces that it intends to continue to sell Her Majesty’s Treasury’s (“HMT”) shareholding in Lloyds Banking Group plc (the “Company”) over the next twelve months through a pre-arranged trading plan that will be managed by Morgan Stanley & Co. International plc (“Morgan Stanley”).