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Pin to quick picksNatwest Share News (NWG)

Share Price Information for Natwest (NWG)

London Stock Exchange
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Share Price: 317.50
Bid: 317.50
Ask: 317.60
Change: 1.30 (0.41%)
Spread: 0.10 (0.031%)
Open: 317.00
High: 318.70
Low: 316.00
Prev. Close: 316.20
NWG Live PriceLast checked at -

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Howard Davies to step down as NatWest chair

Tue, 25th Apr 2023 13:55

(Sharecast News) - NatWest chair Howard Davies is to step down next year, the City veteran told shareholders on Tuesday.

Speaking at the bank's annual general meeting in Edinburgh, Davies said that, after nearly eight years on the board, it was "appropriate to initiate the search for my successor as chair in the coming months".

"This will allow time for a rigorous search process and an orderly handover, which I expect will take place some point before I reach nine years tenure in July 2024."

Nine year is the recommended limit under the UK's Corporate Governance Code, he noted.

Davies, 72, has held a range of senior roles in the City over the previous decades, including chair of the Financial Services Authority and deputy governor of the Bank of England.

He joined NatWest, which was rescued by the British government in a £45bn bailout following the 2008 financial crisis, in 2015.

During his tenure, the blue chip has returned to majority private ownership although the state retains a 41.5% holding.

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Today 09:05

TOP NEWS: UK government stake in NatWest falls to 22.5% after buyback

(Alliance News) - The UK government has sold GBP1.24 billion in NatWest shares back to the company, the Treasury and the bank said in separate statements on Friday morning.

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Government cuts NatWest stake to 22.5% after £1.24bn sale

(Sharecast News) - The government has sold a £1.24bn stake in NatWest, as the HM Treasury continues to reduce its shareholding in the state-backed lender.

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28 May 2024 10:53

NatWest apologises to customers after mobile, online banking outages

(Alliance News) - NatWest Group PLC has apologised to customers after its online and mobile banking services suffered outages on Tuesday morning.

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28 May 2024 09:42

NatWest banking app hit by IT glitch

(Sharecast News) - NatWest customers were unable to use the online banking app on Tuesday due to an IT glitch, with thousands unable to access balance and payment services.

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26 May 2024 19:45

Sunday newspaper round-up: Natwest, Shein, Nationwide

(Sharecast News) - NatWest may not be selling shares to the public any time soon following the prime minister's decision to call an election on 4 July. The Treasury has said that an offer will not occur during the election period and Labour has not confirmed whether it would revive plans for the sale should it win. The sale had been expected to take place in June. - The Sunday Times

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23 May 2024 16:46

London close: Stocks slip on UK election, US jobless claims

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23 May 2024 13:05

NatWest share sale plan on hold after election called

(Sharecast News) - NatWest was trading lower on Thursday following reports that plans for a sale of shares in the bank to the general public have been put on hold after Prime Minister Rishi Sunak called a general election for 4 July.

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23 May 2024 11:17

UK finance ministry respecting "due process" on NatWest share sale

LONDON, May 23 (Reuters) - Britain's finance ministry said it was "working through internal due process" when asked to clarify the possible impact of a July 4 election on the government's proposed retail offer in NatWest, a spokesperson told Reuters in an emailed statement on Thursday.

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23 May 2024 10:34

NatWest share sale in jeopardy after UK election called, analysts warn

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Helical enters joint venture with Orion to redevelop City property

(Alliance News) - Helical PLC on Monday sold a 50% stake in a City property for GBP55 million to help fund its redevelopment.

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20 May 2024 10:17

ShoreCap says NatWest entering fair value territory, downgrades

(Sharecast News) - Shore Capital downgraded NatWest on Monday to 'hold' from 'buy' as it said the shares were "entering fair value territory".

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