NWG - NatWest Group plc
After hours:
| Previous close | 6.61 |
| Open | 6.62 |
| Bid | 1.67 x 3100 |
| Ask | 7.87 x 46000 |
| Day's range | 6.61 - 6.68 |
| 52-week range | 4.71 - 7.80 |
| Volume | |
| Avg. volume | 1,924,865 |
| Market cap | 29.937B |
| Beta (5Y monthly) | 1.30 |
| PE ratio (TTM) | 6.29 |
| EPS (TTM) | 1.06 |
| Earnings date | N/A |
| Forward dividend & yield | 0.34 (5.16%) |
| Ex-dividend date | 16 Mar 2023 |
| 1y target est | 9.74 |
ReutersIreland, NatWest sell 10% of lender Permanent TSB
Ireland's Finance Ministry and Britain's NatWest Group said on Friday they had jointly sold 54.6 million shares in Permanent TSB representing 10% of the Irish bank's share capital. The Irish state will continue to hold 57.4% of PTSB while NatWest will retain a 11.7% stake. PTSB, the smallest of the three domestically owned banks that survived Ireland's financial crash a decade ago, was effectively nationalised in 2011.
The GuardianUK government sells £1.26bn of NatWest shares, taking stake below 40%
State bailed out lender, formerly known as RBS Group, in near-£46bn deal during 2008 financial crisis
- Financial Times
UK government sells £1.26bn of NatWest shares
The British government is selling £1.26bn worth of its stake in NatWest, reducing its ownership of the lender that it bailed out in 2008 to below 40 per cent. The sale, announced on Monday, will cut the government’s stake in the high street bank to 38.6 per cent, down from 41.4 per cent. “Today’s sale is another major milestone in returning NatWest to full private ownership as promised,” said City minister Andrew Griffith.
- Investing.com
European stocks mixed; U.S. debt talks, Ryanair results in focus
European stock markets traded in a mixed fashion Monday, with investors cautious as negotiations surrounding the potential raising of the U.S. debt ceiling continue. At 03:20 ET (07:20 GMT), the DAX futures contract in Germany traded 0.3% lower, CAC 40 futures in France dropped 0.2%, while the FTSE 100 futures contract in the U.K. dropped 0.1%. Europe's macro calendar is fairly light today, with May eurozone consumer confidence data and speeches from European Central Bank officials Luis de Guindos and Philip Lane the main highlights.
Yahoo Finance UKBarclays to shut 15 branches in latest round of closures
Several major banks, including NatWest, Lloyds Banking Group and Halifax are also shutting down branches.
The GuardianNatWest first-quarter profits jump by 50% after interest rate rises
Banking group says some customers have had to dip into savings because of rising prices
Yahoo Finance UKFTSE 100: NatWest profits surge on the back of higher interest rates
NatWest shares slide on disappointing deposit figures despite profit surge.
ReutersNatWest hit as savers shop around for highest rates
LONDON (Reuters) -British bank NatWest reported a 20 billion pound fall in deposits in the first quarter as consumers faced with a cost of living crisis forked out on steeper bills and shopped around for the best deals on their savings. The bank's CEO Alison Rose said competition for savings amid higher Bank of England interest rates had stepped up and households and businesses feeling the squeeze from high inflation were drawing on savings and paying down some debts. Despite a forecast-beating jump in profits, boosted by the higher rate environment, the bank's shares fell 6% as investors digested a third straight quarter of lower deposits and no upgrade to performance forecasts for the year.
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The GuardianDelaying NatWest share sales doesn’t matter. Just get the best price
A formal date can concentrate minds, yet the priority must be the achievement of value for the public purse
The GuardianUK extends plan to sell off its shares in NatWest by another two years
Recent banking turmoil fuels decision to extend trading plan for second time to 2025
The GuardianNatWest and Lloyds to axe a further 81 bank branches
Banks say customers are rejecting traditional counter services in favour of online banking
CoinDeskUK Bank NatWest Limits Daily Crypto Payments to $1,200
Customers will be limited to payments of 1,000 pounds ($1,218) per day and 5,000 pounds over a 30-day period.
The TelegraphBig banks pocket extra £5.5bn by failing to pass on savings rates
Four of Britain’s biggest banks have pocketed an extra £5.5bn by failing to pass on rising interest rates to savers.
ReutersUK launches energy efficiency taskforce, names NatWest boss as co-chair
The British government on Monday launched its new energy efficiency taskforce and named NatWest boss Alison Rose as its co-chair to reduce the country's energy consumption and cut household bills. The taskforce will devise a plan to reduce total UK energy demand by 15% by 2030 compared to 2021 levels across domestic and commercial buildings and industrial processes, the government said in a statement. Hunt is due to attend a summit on Tuesday with chief executive officers, founders and leaders from the country's green companies, the government added.
The GuardianNatWest profits as customers lose out
Letters: Bank closures | Johnson’s manor | Oat cuisine | Cursing children | First hayfever of spring
The GuardianNatWest accused of ‘unjust’ profiteering after CEO paid £5.2m
Alison Rose becomes group’s second-highest-paid boss as bank reports largest profits since 2007
The TelegraphNatWest chief Alison Rose handed bank's first bonus since 2008 bailout
NatWest's chief executive has received a bonus for the first time since its 2008 bailout after profits soared on the back of rising interest rates.
ReutersFTSE 100 slips as energy stocks drag amid rate hike fears
(Reuters) -Britain's FTSE 100 ended lower on Friday, with energy stocks leading losses as oil prices fell on concerns about interest rates staying higher for longer, while lender NatWest dropped on a dour earnings forecast. The blue-chip FTSE 100 lost 0.1%, but posted a weekly gain of 1.5%. The domestically-focussed FTSE 250 midcap index fell 0.5%, although it eked out a marginal weekly gain.
ReutersNatWest to buy workplace savings fintech Cushon for $174 million
LONDON (Reuters) -NatWest will buy an 85% stake in workplace savings account provider Cushon for 144 million pounds ($174 million), the British bank said on Monday, as it seeks to grow its product offering to businesses. Cushon's primary products are savings accounts and pensions, NatWest said, allowing the bank to offer a new range of financial products to commercial customers and to their staff. NatWest Chief Executive Alison Rose last year said the bank was on the hunt for such deals, especially in the wealth management sector.
The GuardianNatWest poised to report biggest profits since 2008 financial crisis
Expected hike in bonuses could also prove controversial given cost of living crisis and government’s stake