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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: 305.00
Bid: 304.30
Ask: 304.50
Change: 1.80 (0.59%)
Spread: 0.20 (0.066%)
Open: 304.90
High: 307.20
Low: 304.00
Prev. Close: 303.20
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PRESS: NatWest Looks Set To Sell Private Bank Adam & Co

Wed, 17th Feb 2021 16:17

(Alliance News) - NatWest Group PLC is set to offload private bank Adam & Co, Sky News reported Wednesday.

According to Sky, NatWest is working with investment bank Evercore to help divest the bulk of Adam & Co's operations.

Adam & Co's lending book would be folded into Coutts, NatWest's main wealth management business.

Sky said the FTSE 100-listed lender could have a few suitors for Adam & Co, meaning the sale price could hit GBP50 million.

NatWest salvaged Adam & Co's future in 1993, a year after it made a disastrous multimillion pound foreign exchange trading loss. The private bank - named after the renowned Scottish economist Adam Smith - was established in Edinburgh in 1984 by a group of prominent Scottish business figures.

https://news.sky.com/story/state-backed-natwest-in-talks-to-sell-private-bank-adam-co-12220834

Shares in NatWest were 2.2% lower in London on Wednesday afternoon at 177.30 pence each.

NatWest will release its annual results on Friday, where it is expected to record an operating loss of GBP418 million - according to company-compiled consensus - compared to a profit of GBP4.23 billion in 2019. The lender is forecast to make an attributable loss of GBP730 million versus the attributable profit of GBP3.13 billion the year before.

Market consensus is guiding for NatWest to record net interest income of GBP7.68 billion, down from GBP8.05 billion in 2019, while total income is forecast at GBP10.82 billion, down from 2019's GBP14.25 billion.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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16 Feb 2024 08:35

TOP NEWS: NatWest confirms Thwaite as CEO as profit beats consensus

(Alliance News) - NatWest Group PLC on Friday said it intended to start a much softer share buyback programme as it reported profit growth for 2023 and a mild outlook for 2024.

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16 Feb 2024 07:49

LONDON BRIEFING: NatWest beats on profit and confirms Thwaite as CEO

(Alliance News) - Stocks in London are called to open higher on Friday, after a morale-boosting UK retail sales reading, while NatWest kicked off London's banking earnings season with a profit beat.

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16 Feb 2024 07:03

NatWest profits soar 20% as Thwaites confirmed in CEO post

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16 Feb 2024 06:48

LONDON MARKET EARLY CALL: FTSE called higher before NatWest reports

(Alliance News) - The FTSE 100 set to open higher on Friday, as a data-heavy week in the UK culminates with a retail sales reading for January, while NatWest becomes the first of the major London-listed banks to report annual earnings.

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12 Feb 2024 12:04

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12 Feb 2024 10:08

Qinetiq adds outgoing NAB and former RBS CEO Ross McEwan to board

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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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9 Feb 2024 16:10

UK earnings, trading statements calendar - next 7 days

Monday 12 February 
no events scheduled 
Tuesday 13 February 
Tui AGQ1 Results
Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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8 Feb 2024 10:40

NatWest hires UBS banker as new Coutts head

(Sharecast News) - NatWest Group has named Emma Crystal as the new head of Coutts, the lender confirmed on Thursday.

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6 Feb 2024 16:04

NatWest share sale could be in June at "very earliest" - UK government

(Alliance News) - The sale of shares in NatWest Group PLC to everyday investors could happen as soon as June, a UK government-owned company has said.

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31 Jan 2024 14:10

NatWest on the hunt for permanent CEO - report

(Sharecast News) - UK banking group NatWest has reportedly hired the services of a headhunter to find a permanent replacement for former chief executive Dame Alison Rose, who left the company abruptly last year as part of the Nigel Farage debanking scandal.

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30 Jan 2024 09:32

LONDON BROKER RATINGS: BoA cuts Barratt, Persimmon; ups Taylor Wimpey

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29 Jan 2024 10:22

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28 Jan 2024 19:32

Sunday newspaper round-up: NatWest, China, Vodafone

(Sharecast News) - The Chancellor is laying the groundwork for the sale of billons of pounds worth of shares in NatWest as soon as June. A contract to a market research company has been awarded to study the public's views, alongside a tender to public relations firms and advertising companies who would work on the marketing campaign. Nevertheless, sources inside the Treasury have played down recent speculation in the City that Jeremy Hunt might announce the decision in his 6 March budget. The sale was expected to be priced at a discount. - The Sunday Times

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25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

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