A good start... would be good to see it hit over 81. Next question is whether this is maintained. Usually never is, as profit taking makes it drop tomorrow then grow next week. The dilemma is - do you hold on without selling today, or sell and hope you can buy back tomorrow. What do you guys suggest?
Pre-tax profits below market consensus forecasts of £1.2bn plus I am told.
The legacy charges are hampering a re-rating to 80-85p in the short-term IMHO.
I really expected around 8% jump in share price today due to chiefly higher net interest income, revenue up 4% against a forecast 2% increase and provisions sharply lower together with extremely strong capital position.
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