Natwest Share News (NWG)

NatWest outlook drags down shares despite profit leap

Bank guides interest margins may soon peak

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LONDON MARKET OPEN: Stocks down; NatWest plunges despite higher profit

(Alliance News) - Stock prices in London opened lower on Friday morning as positive new economic data for the UK did little to lift the spirits of investors concerned about the future of interest rates, following hawkish words from across the Atlantic.

TOP NEWS: NatWest profit up; to start GBP800 million buyback programme

(Alliance News) - NatWest Group PLC on Friday said it intends to launch a GBP800 million share buyback programme in the first half of 2023, as profit in 2022 grew on higher net interest income and lower expenses.

LONDON BRIEFING: Stocks seen lower despite UK retail sales surprise

(Alliance News) - Stocks in London were set to open lower on Friday, amid renewed fear about higher global interest rates and despite an unexpected up-tick in UK retail sales.

NatWest in £800m buyback as full-year profits rise to £5bn

(Sharecast News) - Shares in Britain's NatWest slumped on Friday despite the bank reporting annual profits up by more than a third and unveiling an £800m share buyback as it cashed in on surging interest rates.

Friday preview: UK retail sales, NatWest Group in the spotlight

(Sharecast News) - The market spotlight at the end of the week was likely to shift back towards the UK.

IN BRIEF: Augmentum Fintech notes NatWest purchase of stake in Cushon

Augmentum Fintech PLC - Fintech-focused investor - Notes that NatWest Group PLC has agreed to buy a majority shareholding in its portfolio company Cushon. Expects to receive proceeds of GBP22.8 million from the completion of the acquisition, representing a 46% uplift on the unaudited holding value of GBP15.6 million on September 30. Expects this transaction to complete within the next 12 months.

NatWest to buy 85% of Cushon for £144m

(Sharecast News) - NatWest has agreed to buy 85% of workplace savings and pensions fintech business Cushon for £144m.

NatWest to buy workplace savings fintech Cushon for $174 mln

LONDON, Feb 13 (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.

LONDON BROKER RATINGS: RBC cuts Severn Trent, likes National Grid

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

UK earnings, trading statements calendar - next 7 days

NatWest pledges to stop providing loans for new oil and gas projects

(Alliance News) - NatWest Group PLC has pledged to reduce lending to oil and gas firms amid new climate change initiatives due to be unveiled next week.

UK watchdog probes Barclays over anti-money laundering systems -FT

LONDON, Feb 10 (Reuters) - Britain's financial regulator is investigating Barclays PLC for suspected failings in its compliance and anti-money laundering systems, the Financial Times reported on Friday.

NatWest to stop reserve-based lending for oil, gas projects

LONDON, Feb 9 (Reuters) - British bank NatWest said on Thursday it would immediately stop all reserve-based lending for new customers financing oil and gas exploration and extraction, before phasing it out entirely by the end of 2025.

Nine global banks invest $45 mln in carbon credit platform

LONDON, Feb 8 (Reuters) - Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier for their customers to participate in the market.