Ulster Bank reported a profit of £55m in H1, split £9m in Q1 and £46m in Q2. Total income was £412m in H1 and whilst down 7% yoy, it is mainly noninterest income related, with net interest income up 7% to £323m (there is no indication of the margin for H1, though we know in Q1 it was up from 1.85% to 2.36%, but some of this related to the transfer of RCR assets). Underlying costs in Q2 were flat on Q1 though there was a £10m pick restructuring costs in the second quarter. Pre-- up in provision operating profit was flat in Q2 at £56m on Q1. The H1 impairment charge dropped from £503m to £57m though this trend was alr eady evident in the Q1 results. Nonetheless, the Q2 impairment charge is only £10m after the £47m outturn in Q1, Elsewhere, net loans are down £0.8bn in Q2 from Q1, though may be negatively impacted by sterling moves late in the quarter. Our forecasts have operating profit of just over £100m for Ulster Bank for this year, so the £55m H1 performance leaves it very much on track for this outturn. The low Q2 impairment charge highlights the economy and colla the bank is benefitting from the improvements in teral values Home… Economic View , something to watch at AIB and BOI next week Ireland gauging appetite for repayment of IMF loans .
Friels Bar ~ Willie Clancy Festival 2014 July 12, 2014
Music is all that I can hear Time in this place for thoughts so clear The real world does not exist Never seen a crowd so ****ed.
Dub heads, dole heads all around mingling in this random crowd. The music brings them to this place Willie Clancy to embrace.
His statue stands on the bustling street. Poised to play those rhythms so neat to faces passing he will never greet.
Chinese, Japs and Russians too try to imitate what he could do. His music spreads like a ferocious fire That would not be his life's desire.
Not for him the material way To deal shares and make it pay. Not from the traders scam He had a completely different plan.
Show me quiet in the softest rain to clear away the material pain. Feel the rain beads smash my face Let old songs fill my heart with grace
Dedicated to those that sleep on our streets, cannot read or write, are Damned and abused by a careless, faceless class that rule, who sleep on streets that we a travel and turn the other way for fear they would catch our eye.
Dedicated to children who cry when they are wronged.
Dedicated to the innocents of war and those who cannot defend themselves from the greed and might of a material world.
Dedicated to those who make a small change and try to help the weaker ones in what ever way.
If you mean a set of new glasses pop into one of their stores!
With regard to share price not sure either. I am an amateur but I do have a share account and there does appear to be a reasonible correlation between the actual share price and what they appear to quote. Try doing a search for yahoo shares and there is lots useful price information there but i would be very careful about believing some of the articles on there. I suggest you refer your question to heavy traders like Radar who complete multiple stock transaction every day. Guy must have nerves of steel.
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