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NEW COMPANY TO MANAGE GOVERNMENT'S SHAREHOLDING IN BANKS
Arrangements for managing the Government's shareholding in banks subscribing to its recapitalisation fund were announced yesterday by Chancellor of the Exchequer, Alistair Darling. The Government's investments will be managed on a commercial basis by a new arm's-length company, 'UK Financial Investments Limited' (UKFI), which is wholly owned by the Government. Its overarching objectives will be to protect and create value for the taxpayer as shareholder, with due regard to financial stability and acting in a way that promotes competition. Read full press release below.
Treasury Press Notice

GOVERNMENT SELLS ITS STAKE IN BRITISH ENERGY
The Government today welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group plc (British Energy) and the British Energy Board's recommendation of the offer to its shareholders. The Government has committed to accept the cash offer of 774p per share for its 36 per cent stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions. Read full press release below.
BERR Press Release

MOD SELLS ITS STAKE IN QINETIQ
On 9 September 2008, the MOD announced the successful completion of the sale of its remaining stake in QinetiQ. See the MoD press notice for more details. Read full Press Release below.
MOD Press Release

TRADING FUNDS ASSESSMENT DETAILS ANNOUNCED
Further details of a Government assessment into trading funds were announced today (25 June) by the Department for Business and the Treasury. The review, announced as part of Budget 2008, will be conducted by the Shareholder Executive and will consider the benefits to the wider UK economy from any potential changes to the trading funds’ business model.
Read full Press Notice
Terms of reference for the Trading Fund Assessment to be carried out by Shareholder Executive/HMT

NEW CHAIR TO THE NUCLEAR DECOMMISSIONING AUTHORITY (NDA)
Business Secretary John Hutton today (21 February 2008) announced the appointment of Stephen Henwood as the new Chair of the Nuclear Decommissioning Authority (NDA). The appointment will take effect from 1 March 2008.
See the Press Notice for more details

Response to PAC report on Shareholder Executive
The Government has today (29 November 2007) published a Treasury Minute on a number of Public Accounts Committee reports including the report on 'The Shareholder Executive and public sector businesses'.
See the full Treasury Minute

2006-2007 Shareholder Executive report published
The Shareholder Executive annual report was published on 5th November.
See the following link for the full report.
2006-2007 Report

Parliamentary Accounts Committee report published
The Parliamentary Accounts Committee report on the Shareholder Executive was published on 20 September.
See the following links for the full Press Notice and report.
PAC Press Notice
PAC report on the Shareholder Executive

New Deputy Master of the Royal Mint
Angela Eagle MP, the Exchequer Secretary to the Treasury, today announced the appointment of Andrew Stafford as Chief Executive and Deputy Master of the Royal Mint. Andrew will take up the position on 15 October 2007
HMT Press Notice - 10 September 2007

Stephen Lovegrove appointed as acting Chief Executive of the Shareholder Executive
27 June 2007 - Stephen Lovegrove has been appointed as acting Chief Executive of the Shareholder Executive, with Mark Russell as Acting Deputy Chief Executive.
Read full Press Notice.

New Chair for Shareholder Executive
The Department of Trade and Industry has today announced the appointment of Philip Remnant as non-executive Chair of the Shareholder Executive.
Read full press notice.

Government sells part of its interest in British Energy
On 1 June 2007, the Government announced the successful completion of the sale of part of its interest in British Energy through a share offering.
Main press release
Further press release

Northern Ireland Water Service becomes a Government company
Northern Ireland Water Service became a Government company at the start of April 2007. Read full press release at http://www.niwater.com/News.asp

NAO Report Published
On Wednesday 28 February, the National Audit Office (NAO) published its report 'The Shareholder Executive and Public Sector Businesses'.
National Audit Office report

Government agrees financing framework for Royal Mail
The Government has agreed the final terms of a financing framework for Royal Mail, designed to give the company the freedom to use its resources and borrowing facilities to modernise and succeed in a competitive market, Trade and Industry Secretary Alistair Darling announced today. Read full press notice below.
DTI Press Notice 8 February 2007