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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Royal Bank of Scotland Share News (RBS)

Stock Market news at lse.co.uk - RSS News Feeds

Share News for Royal Bank of Scotland (RBS)


Share Price: 266.00Bid: 265.90Ask: 266.00Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.10Spread as %: 0.04%Open: 268.10High: 268.70Low: 264.90Yesterday’s Close: 266.00




UPDATE 1-RBS returns to profit, to finish restructuring in 2014

Fri, 3rd May 2013 07:29

LONDON, May 3 (Reuters) - State-backed Royal Bank of Scotland reported its first quarterly profit in 18 months on Friday and said it expected to complete its restructuring during 2014, potentially enabling the government to start selling shares.

RBS, which is 82 percent-owned by the taxpayer, made a pretax profit of 826 million pounds ($1.3 billion), compared with a loss of 1.5 billion pounds in the same period last year. Analysts had forecast a profit of 800 million pounds.

Chief Executive Stephen Hester has overseen the shedding of around 900 billion pounds in assets and is focusing on lending to British households and small businesses.

"We expect to substantially complete the bank's restructuring phase during 2014. We are seeing the start of a pick-up in loan demand and have a strong surplus of funds ready and available to support economic recovery," he said.

However, Hester still has major hurdles to overcome. Britain's financial regulator said in March that UK banks must raise 25 billion pounds of extra capital by the end of the year to absorb any future losses on loans.

Although the regulator has not yet given specific guidance to individual banks, analysts expect the biggest shortfall to be at RBS.

RBS said its capital position had improved during the period and its core tier one ratio - a bank's main benchmark of health - had risen by 50 basis points to 10.8 percent. It expects to have a core capital ratio of 9 percent at the end of 2013 on the basis of full implementation of tougher Basel III capital rules.

Britain's regulator wants major lenders to achieve a core tier one ratio of at least 7 percent.



(c) Copyright Thomson Reuters 2013. Click For Restrictions - http://about.reuters.com/fulllegal.asp







UPDATE 2-Judge gives RBS a week to end investor suit or face trial

* RBS and shareholders given until June 1 to settle* Trial over 2008 cash call adjourned to June 7* Claimants' lawyer says logistical problems hamper
[24 May '17 13:44]

UPDATE 1-Judge gives RBS week to end investor suit or face trial

* Former RBS CEO Goodwin scheduled to testify in June* Bank has settled with majority of claimant groups (Recasts, adds details)By Kirstin Ridley and
[24 May '17 12:02]

RBS struggles to seal deal over 2008 cash call dispute - sources

* Settlement talks to continue on Wednesday - sources* Former RBS CEO Goodwin scheduled to testify in June* Bank has already settled with majority of
[24 May '17 07:12]

FTSE slips but mid-caps surge hit record high as earnings impress

* FTSE 100 down 0.15 pct* Mid-caps hit fresh record* Homeserve surges to record high on results beat* Results disappointment sends Topps Tiles down (A
[23 May '17 17:21]

Irish lenders need to speed reduction in non-performing loans -C.Bank

DUBLIN, May 23 (Reuters) - The pace at which Irish lenders are reducing non-performing loans is too slow and new strategies are needed to lower the st
[23 May '17 15:32]

CORRECTED-FTSE hovers near record level, mid-caps surge higher as earnings impress

(Corrects 'Monday's record' to 'last Tuesday's record' in par 2)* FTSE 100 up 0.3 pct* Mid-caps hit fresh record* Homeserve surges to record high on r
[23 May '17 13:45]

UPDATE 1-Trial over RBS 2008 cash call adjourned for settlement talks

* Trial delayed for second day as settlement nears* Former RBS CEO Goodwin set to testify* Bank has already settled with 4 of 5 claimant groups (Updat
[23 May '17 11:13]

FTSE hovers near record level, mid-caps surge higher as earnings impress

(ADVISORY - Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
[23 May '17 10:47]



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