Capital Group buys more than £110m in NatWest shares after UK government share cut

Leading US investor pours cash into shares after cut helps allay fears of state intervention

A leading US investor has started pouring cash into NatWest shares after a notable cut in the government's shareholding helped to allay fears of state intervention in the bailed-out banking group.

Los Angeles-headquartered Capital Group, which is one of the world's oldest and largest investment firms, with more than 2.5tn under management, has bought more than 110m worth of NatWest shares, days after the government cut its position, pushing the group into the bank's top 30 shareholder list.