Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNatwest Share News (NWG)

Share Price Information for Natwest (NWG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 319.70
Bid: 295.00
Ask: 321.00
Change: 0.00 (0.00%)
Spread: 26.00 (8.814%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 319.70
NWG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE: UK's CBI suspends policy and membership activities amid exodus

Fri, 21st Apr 2023 20:59

(Alliance News) - The Confederation of British Industry has said it will "suspend all policy and membership activity" until it can hold a meeting of its membership in June after dozens of its biggest supporters withdrew from the organisation.

The CBI board said it would put forward proposals for a "refocused" industry body at the meeting in two months' time.

It came as major companies and trade bodies from across the UK said they were terminating, suspending or reviewing their membership of the group.

A second unnamed employee of the CBI alleged that she had been raped by a colleague in a Guardian article released on Friday.

In a statement, the CBI board said: "We want to properly understand from our colleagues, members, experts and stakeholders how they envisage our future role and purpose.

As a result, we have taken the difficult but necessary decision to suspend all policy and membership activity until an extraordinary general meeting in June.

"At the EGM we will put forward proposals for a refocused CBI to our membership for them to decide on the future role and purpose of the organisation.

"This work and the cultural reform will be the entire and urgent focus of the organisation over the coming weeks."

NatWest Group PLC joined the John Lewis Partnership, BMW AG and Virgin Media O2 in cancelling their involvement with the CBI, casting doubt over the future of the business group.

Aviva PLC, MasterCard Inc, Phoenix Group Holdings PLC, Zurich Insurance Group AG, Vitality, B&Q owner Kingfisher PLC and People's Partnership also pulled their membership of the group after the latest in a series of misconduct allegations facing the CBI.

Other major employers – such as Asda, Lloyds Banking Group PLC, Unilever PLC, Scottish Power, the British Beer & Pub Association, and Shell PLC – have also suspended all activity with the lobbying group.

Earlier this month, the UK government said it would pause all engagement with the CBI after initial reports over misconduct at the group.

In the Guardian report which deepened the crisis on Friday, the woman claimed the alleged rape took place while she was unconscious following a night out while working at a CBI office abroad.

She said she had no recollection of the alleged attack itself but had described in detail the physical signs that led her to believe she had been raped, and was later presented in the office with an explicit photograph.

It is the second rape claim made by a woman at the organisation.

Previously, a member of staff alleged that she was attacked by a manager on a summer boat party in 2019.

Details of the new rape allegation have been passed to police.

City of London Police were already investigating the previous allegation, alongside a series of other misconduct claims from about a dozen workers.

Separately, The Guardian also reported on Friday that a woman based at the organisation's London office claimed she was stalked by a male colleague in 2018.

Separately, former CBI director-general Tony Danker was sacked last week after being accused of making unwanted contact with a woman who works for the organisation.

On Wednesday, he said his reputation has been "totally destroyed" by the allegation and claimed he has been made a "fall guy" for a wider crisis.

Danker told the BBC his name had been wrongly associated with separate claims, including the rapes which allegedly happened before he joined the CBI.

After initial allegations, the business group also suspended three other employees and hired law firm Fox Williams to carry out an internal investigation.

source: PA

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
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.

Read more
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.

Read more
17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday.

Read more
17 Nov 2023 09:04

Barclays upgrades NatWest to 'overweight'

(Sharecast News) - Barclays analysts have raised their rating for NatWest from 'equal weight' to 'overweight', saying it expects a big rebound in profits.

Read more
17 Nov 2023 07:58

LONDON BRIEFING: UK retail sales fall; AstraZeneca gets US approval

(Alliance News) - Stock prices in London are still set to open higher on Friday, despite October retail sales figures for the UK disappointing shortly before the opening bell.

Read more
15 Nov 2023 16:59

LONDON MARKET CLOSE: Investors see end of sky-high rates in sight

(Alliance News) - Stock prices in London closed higher on Wednesday, with a pair of cooler inflation readings from either side of the Atlantic lifting spirits and driving largely broad-based gains in equities.

Read more
12 Nov 2023 12:52

Nigel Farage to launch legal battle with NatWest over debanking saga

(Alliance News) - Nigel Farage is to launch a legal fight with NatWest Group PLC over the debanking saga which culminated in the resignation of chief executive Alison Rose.

Read more
10 Nov 2023 10:10

NatWest strips GBP7.6m from payout to former CEO Rose after Farage row

(Alliance News) - NatWest Group PLC has scrapped about GBP7.6 million in potential payouts to former chief executive officer Alison Rose after she left the company in July following the fallout from the debanking row with Nigel Farage.

Read more
10 Nov 2023 07:34

NatWest to withhold bulk of ex-chief Rose's payout - reports

(Sharecast News) - Former NatWest Group chief executive Alison Rose will miss out on nearly £8m in share awards and bonuses, it was confirmed on Friday, as the lender looks to draw a line under Nigel Farage debanking row.

Read more
6 Nov 2023 13:02

ICO apologises to ex NatWest boss Rose over Farage scandal

(Sharecast News) - The Information Commissioner's Office apologised to former NatWest chief executive Dame Alison Rose on Tuesday for falsely giving the impression that it was investigating her actions and involvement in the Nigel Farage scandal.

Read more
6 Nov 2023 09:43

NatWest creates new AI-powered chatbot capable of human-like chats

(Alliance News) - British bank NatWest Group PLC is launching a new version of its chatbot that can have human-like conversations with customers, as it accelerates its adoption of artificial intelligence.

Read more
6 Nov 2023 09:34

LONDON BROKER RATINGS: RBC cuts Next but lifts Dunelm; Citi likes JD

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

Read more
3 Nov 2023 08:43

LONDON MARKET OPEN: FTSE 100 climbs as focus turns to US nonfarms

(Alliance News) - Stock prices in London opened on the up on Friday, looking set to round off a positive week on the up, though a red-hot US jobs report could keep a lid on gains.

Read more
30 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks stage fight back despite more banking woes

(Alliance News) - Stocks in London fought back on Monday, after hitting two-month lows on Friday, although a fall in HSBC shares kept a lid on further progress.

Read more
30 Oct 2023 09:40

LONDON BROKER RATINGS: Jefferies cuts NatWest to underperform from buy

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.