(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
(Clarifies that NatWest's operating costs were lower in the first quarter, not higher.) Read More
(Alliance News) - The FTSE 100 was called higher on Friday, after the Chinese government suggested it is open to dialogue with Washington on trade policy. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
NCC Group PLC - Manchester, England-based cybersecurity company - Agrees a new four-year GBP120 million multi-currency revolving credit facility with a GBP50 million uncommitted accordion option, provided by a syndicate of National Westminster Bank PLC, HSBC UK Bank PLC, Barclays Bank PLC and Santander UK PLC. This replaces NCC's previous GBP162.5 million facility, which was due to expire December 22, 2026. The new facility will expire April 28, 2029. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The FTSE 100 extended its winning streak to nine days, its best run since 2019, as investors weighed earnings and the latest developments in global trade talks. Read More
(Alliance News) - The chair of NatWest Group PLC said it has "fixed the issues of the past" and thanked UK taxpayers for their "intervention and support" as the bank nears a return to private ownership, 16 years after being bailed out by the UK government. Read More
(Alliance News) - J Sainsbury PLC on Thursday vowed to defend its market share as it forecast profits will flatline in the current financial year. Read More