Why the RBS dividend joy is short-lived August 2, 2019 | City Talk While there’s much to like in the Royal Bank of Scotland interims, it’s still far from plain sailing. After years in the investment wilderness, RBS (LSE:RBS) is finally making its way back into the fold. A strong second quarter has helped to inflate the half-year numbers, with total income rising by 20 per cent and the earnings [...]
Royal Bank of Scotland ‘returns from the wilderness’ with £1.7bn dividend August 2, 2019 Royal Bank of Scotland scored a bumper £1.3bn profit for its second quarter, it revealed today, as well as offering a special 12p per share dividend to investors. But it warned that tough economic conditions would hit profitability into 2020, sending its share price down almost five per cent. Read more: Barclays boosts first half [...]
ii view: Lloyds Bank friendless on results day August 1, 2019 | City Talk by Keith Bowman from interactive investor. Lloyds continues to bear down on costs to offset tough market conditions, but shares have slumped. Half-year results to 30 June 2019 Net income down 2% to £8.82 billion Pre-tax profit down 7% to £2.89 billion Earnings per share down 7% to 2.7p Interim dividend up 5% to 1.12p per share Chief [...]
Schroders profit drops amid weak investor sentiment August 1, 2019 Schroders suffered a 14 per cent profit drop despite a rise in assets under management as it warned investors that it sees “headwinds across the industry”. Read more: Janus Henderson struggles to shake client jitters as outflows mount up The figures Profit before tax fell 14 per cent year on year to £319.3m for the [...]
Standard Chartered hikes profits despite US-China trade war impact August 1, 2019 Standard Chartered boosted profits in the first six months of 2019, but warned of the impact of the US-China trade war on global market sentiment. Read more: MPs turn up the heat on Standard Chartered boss in pension pay row The figures Underlying profit before tax increased 11 per cent year on year to $2.6bn [...]
Barclays boosts first-half profit 82 per cent to £3bn August 1, 2019 Barclays today posted first-half profit before tax of £3bn, an 82 per cent increase on the same period last year. Total income fell one per cent to £10.8bn. Return on tangible equity was 9.4 per cent, down from 11.6 per cent in the first half of 2018. The bank said it was targeting return of [...]
Mark Carney on climate change: Capitalism is part of the solution July 31, 2019 Bank of England governor Mark Carney has swung to the defence of capitalism over its role in tackling climate change, saying that the financial system is “part of the solution” in dealing with current environmental challenges. The head of Britain’s central bank said last night that “capitalism is part of the solution and part of [...]
Janus Henderson struggles to shake client jitters as outflows pass $17bn July 31, 2019 Janus Henderson has posted its seventh consecutive quarter of outflows as the asset management firm’s woes continue. Read more: Janus Henderson outflows spark declining profits The London-headquartered company reported net withdrawals of $9.8bn (£8bn) in the three months to the end of June, taking its outflow for the half-year to more than $17bn – close [...]
Credit Suisse back on track as second quarter profit soars July 31, 2019 Credit Suisse today said it is on track to meet its full-year targets after posting its strongest quarterly results in four years. The bank reported pre-tax profit of 1.3bn Swiss francs (£1.1bn) in the second quarter, up 24 per cent on the previous year. Net profit attributed to shareholders soared 45 per cent to 937m [...]
JP Morgan starts European audit review July 30, 2019 JP Morgan Chase has reportedly launched a review into its current relationship with auditors for its major European arm. The Wall Street giant has kicked off a process to look at the role currently held by PricewaterhouseCoopers (PwC) as the accountant of JPMorgan Securities. Read more: Metro Bank finance director steps down to take new [...]