UPDATE 2-Seven years after bailout, Britain starts RBS sell-off with $3 bln stake sale

* UK faces loss on 45 bln stg RBS bailout after profit on Lloyds

from Reuters: New Issues News http://ift.tt/1gELlr1

UPDATE 1-Seven years after bailout, UK starts RBS sell-off with $3 bln stake sale

LONDON, Aug 3 (Reuters) - Britain started to return its holding in Royal Bank of Scotland to private investors on Monday, seven years after it bailed out the bank, selling a stake worth 2 billion pounds ($3.1 billion) at a loss.

from Reuters: New Issues News http://ift.tt/1eO0F2J

UK starts RBS sell-off with sale of 2 bln stg stake

LONDON, Aug 3 (Reuters) - Britain said it has started the sale of its stake in Royal Bank of Scotland seven years after it bailed out the bank, taking a loss on the sale of 2 billion pounds ($3.1 billion) of shares to institutional investors.

from Reuters: New Issues News http://ift.tt/1KMgmmv

BRIEF-Chemical Specialities says will apply to liquidate co

* Notice to apply for termination of business rescue proceedings and to place company into provisional liquidation

from Reuters: Bankruptcy News http://ift.tt/1P0uRVx

UPDATE 1-Coal miner Alpha Natural files for bankruptcy protection

Aug 3 (Reuters) - Coal miner Alpha Natural Resources Inc became the latest company to file for Chapter 11 bankruptcy due to a steep fall in coal prices.

from Reuters: Bankruptcy News http://ift.tt/1OKMjwq

Coal miner Alpha Natural files for bankruptcy protection

Aug 3 (Reuters) - Coal miner Alpha Natural Resources Inc filed for Chapter 11 bankruptcy protection, hurt by a steep fall in coal prices.

from Reuters: Bankruptcy News http://ift.tt/1Dn0uXK

BRIEF-ECR Minerals to raise 250,000 stg via placing

* Placing shares at a price of 0.045 pence each to raise £250,000 before costs

from Reuters: New Issues News http://ift.tt/1K12XUS