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Share Price: 317.80

Bid: 317.30

Ask: 317.40

Change: 0.00 (0.00%)

Spread: 0.10 (0.032%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 317.80

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PRESS: NatWest picks former Centrica chair as new chair - Sky News

Wed, 06th Sep 2023 13:18

(Alliance News) - Rick Haythornthwaite, former chair of British Gas-owner Centrica PLC, will succeed Howard Davies as chair of NatWest Group PLC, Sky News reported on Wednesday.

Citing "City sources", Sky News said Haythornthwaite is being lined up as the new chair of the state-supported lender in the wake of the row over the de-banking of UK politician Nigel Farage.

Sky News said an official announcement could come as early as Wednesday.

https://news.sky.com/story/haythornthwaite-lined-up-to-replace-davies-as-natwest-chairman-12955949

Haythornthwaite is currently chair of Ocado Group PLC and was previously chair of Centrica and Network Rail Ltd.

In July, NatWest appointed a new chief executive officer, Paul Thwaite, replacing Alison Rose who admitted she had made a "serious error of judgment" when she discussed Farage's relationship with private bank Coutts, owned by NatWest Group, with a BBC journalist.

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

More News

15 Dec 2023 09:52

NatWest review finds no evidence of political discrimination

(Sharecast News) - An external review has found no evidence of political discrimination in the closure of customer accounts at NatWest's Coutts arm, the bank said on Friday.

12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

30 Nov 2023 17:06

LONDON MARKET CLOSE: Stocks react mixed to cooling euro, US inflation

(Alliance News) - The FTSE 100 in London closed up on Thursday, but share prices were firmly down in the FTSE 250, while European equities were buoyed by cooling inflation in the eurozone.

30 Nov 2023 15:16

London close: Stocks mixed after US, Europe inflation data

(Sharecast News) - London's markets finished with a mixed performance on Thursday, with the top-flight index lifted by the likes of BP and Shell.

30 Nov 2023 12:06

LONDON MARKET MIDDAY: Cooler inflation readings support equities

(Alliance News) - Stocks prices in Europe were on the up on Thursday afternoon, tamer inflation data took some shine off the euro and Crude prices climbed ahead of a meeting of oil producers.

30 Nov 2023 09:57

LONDON BROKER RATINGS: Citi and Peel up B&M; JPMorgan cuts 888

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

30 Nov 2023 09:57

Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

30 Nov 2023 09:18

Lloyds, Halifax and Bank of Scotland to shut another 45 branches

(Alliance News) - Lloyds Banking Group PLC is shutting another 45 branches across its network and the Halifax and Bank of Scotland brands amid the ongoing shift away from high street banking.

30 Nov 2023 09:09

JPMorgan upgrades NatWest, adds to 'top picks' list

(Sharecast News) - JPMorgan Cazenove upgraded NatWest on Thursday to 'overweight' from 'neutral' and lifted the price target to 280p from 230p as it took a look at European banks.

28 Nov 2023 09:27

LONDON BROKER RATINGS: Goldman starts M&G at 'buy'; Citi hikes B&M

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

22 Nov 2023 16:54

LONDON MARKET CLOSE: Shares mixed on Autumn statement; pubs get boost

(Alliance News) - Stock prices in London closed mixed on Wednesday, following the UK'S Autumn statement, which had no big surprises for investors.

22 Nov 2023 16:19

IN BRIEF: Martin Currie Global agrees new three GBP10 million facility

Martin Currie Global Portfolio Trust PLC - Edinburgh-based investor in sustainable listed growth companies - Enters into unsecured three-year GBP10 million sterling term revolving loan facility agreement with Royal Bank Scotland of International Ltd. Says the facility has a variable interest rate, calculated at a rate of 1.55% over the sterling overnight index average. Says its existing GBP30 million loan with RBSI will mature on Thursday and be repaid in full. Agrees to draw down the full amount available under the new GBP10 million facility on the same day and for an initial period of six months. This will reduce its to GBP10 million from GBP30 million, while the new loan will represent approximately 4.1% of the net assets of the company.

22 Nov 2023 13:16

TOP NEWS: UK government considering NatWest retail share offer

(Alliance News) - UK Chancellor Jeremy Hunt on Wednesday announced he is mulling a NatWest Group PLC retail share offer over the next year, as the government looks to trim more of its stake in the lender.

17 Nov 2023 15:20

London close: Stocks higher despite weaker retail sales data

(Sharecast News) - London's stock markets finished in a positive state on Friday despite weaker-than-expected UK retail sales figures.

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PRESS: NatWest picks former Centrica chair as new chair - Sky News

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