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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: 312.40
Bid: 312.60
Ask: 312.70
Change: -1.10 (-0.35%)
Spread: 0.10 (0.032%)
Open: 314.40
High: 314.40
Low: 310.00
Prev. Close: 313.50
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Wowed by tech, worried by banks

Wed, 26th Apr 2023 07:16

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

WOWED BY TECH, WORRIED BY BANKS (0615 GMT)

The steady stream of bad news from banks continues to cast a pall over markets this week, even as global tech giants surprise investors by beating earnings estimates.

Spain's Santander dragged European stocks down on Tuesday. UBS Group fell after setting aside more money to provide for toxic mortgages, as part of its merger with fallen rival Credit Suisse. That makes investors wary of such provisions at the likes of HSBC , Lloyds and NatWest Group, all of which are due to report earnings in the coming weeks.

Across the Atlantic, First Republic Bank's plunging deposits and tumbling shares are rippling through the U.S. regional banking sector.

U.S. recession fears have also resurfaced after consumer confidence hit a nine-month low, alongside some weak earnings.

In a week packed with tech sector earnings, the focus moves from artificial intelligence to advertising revenues as Facebook-parent Meta Platforms and streaming device maker Roku Inc report. Microsoft Corp earnings beat came after hours on Tuesday.

In other news, EU industry chief Thierry Breton identified five Alphabet subsidiaries, two Meta units, two Microsoft businesses, Twitter and Alibaba's AliExpress among 19 companies subject to landmark EU online content rules known as the Digital Services Act (DSA).

Key developments that could influence markets on Wednesday:

U.S. durable goods orders, Germany and France consumer confidence

Earnings: Meta Platforms, Boeing, GSK, Deutsche Boerse, Roku Inc

(Vidya Ranganathan)

More News
28 Jul 2023 21:08

NatWest Chair Davies should stay in post, says City minister

(Alliance News) - It would not be "helpful" for the NatWest Group PLC chair to quit now as the bank seeks to rebound from the crisis over Nigel Farage's Coutts bank account, the City minister has said.

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28 Jul 2023 17:44

UK's FTSE 100 ends flat as BOJ sparks rate worries, higher on the week

AstraZeneca boosts pharma index to one-month high

*

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28 Jul 2023 16:58

LONDON MARKET CLOSE: FTSE 100 flat as DAX surges to record high

(Alliance News) - London's FTSE 100 tread water on Friday, after a trio of central bank decisions, and as focus turns to the Bank of England next week and the US jobs report.

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28 Jul 2023 15:14

At Europe's big banks, women make some gains despite Rose exit

ZURICH, July 28 (Reuters) - Alison Rose's resignation from NatWest leaves just one woman in charge of a major western European bank, highlighting an acute gender imbalance that persists across the sector despite pledges to increase female representation.

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28 Jul 2023 09:04

TOP NEWS: NatWest profit soars on week of Alison Rose's resignation

(Alliance News) - NatWest Group PLC on Friday announced a GBP500 million buyback scheme, as its interim profit surged.

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28 Jul 2023 08:52

LONDON MARKET OPEN: StanChart, AstraZeneca lift FTSE 100 into green

(Alliance News) - Stock prices in London opened higher on Friday, boosted by a mostly strong set of company earnings, while investors weighed recent central bank decisions.

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28 Jul 2023 08:26

AIB lifts guidance again after first-half profits almost double

DUBLIN, July 28 (Reuters) - Ireland's largest mortgage lender AIB raised its full-year guidance for the second time in three months on Friday, after almost doubling its first-half profit thanks to higher interest rates and an influx of new customers.

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28 Jul 2023 07:54

LONDON BRIEFING: NatWest posts interim growth; IAG swings to profit

(Alliance News) - Stocks in London are called slightly lower on Friday, with investors having plenty to consider amid the week's swathe of corporate earnings and central bank decisions.

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28 Jul 2023 07:05

NatWest H1 profits beat expectations as Rose row rumbles on

(Sharecast News) - UK bank NatWest on Friday reported better-than-expected interim profits only days after it was rocked by the resignation of chief executive Alison Rose over leaking of details of hard-right former political party leader Nigel Farage.

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27 Jul 2023 20:12

UPDATE: NatWest scrutiny after bosses ousted over bank account row

(Alliance News) - Senior bosses at NatWest Group PLC are set to face scrutiny from shareholders following the dramatic fallout in the row sparked by Nigel Farage over the closure of his Coutts bank account.

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27 Jul 2023 16:58

LONDON MARKET CLOSE: European stocks surge as ECB puts pause on table

(Alliance News) - London's FTSE 100 ended higher on Thursday, while the euro plunged as a rate hike pause has entered into thinking of the European Central Bank.

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27 Jul 2023 15:09

Coutts CEO Flavel latest to quit at NatWest over Farage debacle

LONDON, July 27 (Reuters) - British bank NatWest said on Thursday the CEO of its private bank Coutts, Peter Flavel, will step down, after he took "ultimate responsibility" for mishandling the closure of former Brexit party leader Nigel Farage's bank accounts.

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27 Jul 2023 14:53

Boss of NatWest's Coutts resigns after Nigel Farage bank account row

(Alliance News) - The boss of bank Coutts which shut down Nigel Farage's bank account, Peter Flavel, will step down immediately, its owner NatWest Group PLC has said.

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27 Jul 2023 12:53

Friday preview: US inflation data, NatWest in focus

(Sharecast News) - Investors' focus at the end of the week was expected to shift back to the U.S., where a raft of fresh economic data, including for inflation were anticipated.

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27 Jul 2023 06:00

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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