The Royal Bank of Scotland is expected to commit itself to its Irish business this week after a surprise turnaround in the taxpayer-backed bank’s operations in the country. The bank, which on Friday will outline some of its best results since it was rescued in 2008, has been reviewing the future of Ulster Bank since the start of this year and had been tipped to seek a sale or outside investment. However, after a surprise recovery in the Irish property market, the value of Ulster’s loan book has increased substantially. Ross McEwan, the bank’s chief executive, has indicated his desire to stay in the Irish market, and is expected to give further indications that RBS will retain the division this week. Ulster Bank has lost more than £2.5bn in the past two years, but managed small profits in the first two quarters of this year, and will receive a boost worth around £300m from reversing loan impairments in the three months to September, RBS said last month.
Usually 07.00. Hope you will have recovered from the match!
Will be watchung closely on Monday, when are the results being posted?
mailman has said it, be quick!
Normally after the results are announced the SP goes down As they say sell on the news or just before the announcement.. 34p up at the moment and the job is practically done ... Now. ready to sell.. We are in greed mode now so be careful ... very careful.. Proceed next week with daily caution.. Uncertainty can catch you out... ATB..
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.