(Alliance News) - NatWest Group PLC has ruled itself out of bidding for UK high-street bank TSB Banking Group PLC, the Financial Times reported on Wednesday. Read More
(Alliance News) - Banco de Sabadell SA on Tuesday confirmed it has received interest from prospective buyers of its UK division TSB Banking Group PLC. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - AIB Group PLC on Tuesday confirmed its return to private ownership, as the Irish government divested its remaining shares in the bank. Read More
(Alliance News) - The world's biggest banks significantly increased their fossil fuel finance in 2024, according to an analysis. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The UK government has sold its remaining shares in NatWest Group PLC and confirmed a GBP10.5 billion loss since the bank was rescued by UK taxpayers during the 2008 financial crisis. Read More
(Alliance News) - The UK government plans to sell its remaining 0.9% stake in Edinburgh-based retail bank NatWest Group PLC, Sky News reported on Thursday. Read More
(Alliance News) - London's FTSE 100 was called higher on Friday, as the UK government prepares to sell its remaining stake in NatWest and a US appeals court allows the temporary continuation of President Donald Trump's global trade levies. Read More
Derwent London PLC - London-based property investor and developer - Raises GBP250 million through a 7-year sterling-denominated senior unsecured bond with a 5.25% coupon. The proceeds will be used to repay debt, refinance near-term maturities, and support its development pipeline, including the GBP150 million Holden House W1 project. The bonds are expected to be rated A- by Fitch and will trade on the London Stock Exchange. Read More
(Alliance News) - Stocks in London made strong gains on Tuesday, shrugging off hawkish comments from a leading Bank of England official, as well received earnings set the upbeat tone. Read More
(Alliance News) - Rachel Reeves, the chancellor, has told UK bank bosses she is "open-minded" about reforming the industry's ring-fencing regime amid a concerted push to abolish the most significant regulatory burden introduced after the financial crisis, Sky News reported on Tuesday. Read More
NatWest Group PLC - Edinburgh-based bank - Says the UK Treasury has 0.90% stake in NatWest as of Wednesday, down from 1.98% previously. This follows the sale of 87.2 million shares since May 1, when the UK government stake was down from 2.99%. The share sales are part of a trading plan that has been in place since July 2021. The government at one point had owned 84% of NatWest, following a taxpayer bailout of what was then the Royal Bank of Scotland Group during the financial crisis of 2008 and 2009. As recently as 2018, the Treasury held a 62% stake in NatWest, but it has since been progressively cutting this down. Read More
(Alliance News) - A commitment by pension funds to invest tens of billions in British infrastructure projects and businesses has been welcomed by Rachel Reeves. Read More
(Alliance News) - Banco Santander SA rejected a bid worth about GBP11 billion for its UK retail bank from NatWest Group PLC earlier this year after the Spanish lender said the offer was too low, the Financial Times reported on Friday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning, Monday and on Friday: Read More
Picton Property Income Ltd - Guernsey-based property investment company - Completes a new GBP50 million revolving credit facility with National Westminster Bank PLC, which had been due to mature on May 26. Refinances the facility with an initial term of three years and the option for two one-year extensions. The refinanced facility is undrawn, and the remainder of Picton's GBP210 million borrowings are fixed at an average interest rate of 3.7% a year year, with the earliest maturity in 2031. The facility will continue to provide "operational flexibility and future investment opportunity", says Chief Financial Officer Saira Johnston. Read More
(Alliance News) - NatWest Group PLC on Friday flagged an improved full-year outlook and "good levels of activity" after first quarter earnings beat forecasts. Read More
(Alliance News) - Stock prices in London opened higher on Friday after a relatively tranquil week for trade policy. Read More