HSBC set to unveil bigger profits as cost-cutting overhaul in focus February 16, 2025 HSBC is set to unveil bigger profits as investors prepare for an update on the bank’s cost-cutting overhaul, while earnings for Lloyds will be in focus amid a long-running motor finance probe. Rivals Barclays and NatWest set the tone for the banking sector when they reported stronger earnings this week, despite UK interest rates starting [...]
Analysts say ‘Buy’ Natwest shares after annual results February 14, 2025 Analysts have slapped a ‘Buy’ rating on Natwest shares after the bank’s annual results beat expectations. Peel Hunt analysts Robert Sage and Stuart Duncan said the lender’s strong performance in 2024 increased “conviction that market expectations can be delivered”. Natwest reported a £6.2bn pre-tax profit for 2024, up 0.3 per cent on 2023’s headline figure, [...]
Nigel Farage exploring private prosecution against Natwest February 14, 2025 The reform leader Nigel Farage is reported to have instructed a legal council to explore private criminal proceedings against Natwest Group over the debanking row
Natwest skims past profit expectations February 14, 2025 Natwest narrowly beat analysts’ annual profit expectations after posting a bump in its consumer lending. The FTSE 100 lender posted a £6.2bn pre-tax profit, ahead of £6.1bn pencilled in by analysts and up 0.3 per cent on 2023. Net loans to customers hit £368.5bn, an increase of £12.9bn, which reflected Natwest’s acquisition of Metro Bank’s [...]
Mark Kleinman: Bonfire of the regulators just beginning February 13, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles churn at the regulators, bankers’ bonuses and dilemmas at Deliveroo. Bonfire of the regulators is just beginning For Marcus Bokkerink, read Abby Thomas? The chief executive of the Financial Ombudsman Service last [...]
Barclays and Natwest to set tone for Big Four banks in year ahead February 12, 2025 As Britain’s Big Four banks prepare to post annual results, analysts expect “strong” performances, but warned of long-term challenges. Barclays and Natwest will lead the first round of results this week, with the pair reporting on Thursday and Friday respectively. This will be followed by HSBC on February 19 and Lloyds on February 20. The [...]
Natwest: FTSE 100 bank’s share price scoops ten-year high February 11, 2025 Shares in Natwest were touching a ten year high on Tuesday morning, ahead of the bank posting its annual results on Friday. At market open, share price was at 442.70p edging towards the high of 445.85p achieved in February 2015. The lender hit its highest share price since 2015 last month, and continued to rally [...]
Rachel Reeves to meet bank bosses as growth agenda stalls February 10, 2025 Chancellor Rachel Reeves is set to meet top bank bosses this week in the latest attempt to kickstart her growth agenda. The embattled Labour chancellor has reportedly called in top executives at Barclays, Lloyds Banking Group, NatWest and Nationwide, according to Sky News’ Mark Kleinman. This comes as the government’s growth strategy continues to falter. [...]
Bank shareholders eye returns as Barclays and Natwest report February 9, 2025 Shareholders in two of the UK’s biggest banks will be hoping for further returns next week as they shed light on recent trading amid an uncertain economic backdrop. Barclays and NatWest will lead a raft of annual results updates by UK banks, after a recent positive period for the sector. Shares in both firms have [...]
Mark Kleinman: NatWest staff set for Valentine’s Day bonus February 6, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles a love-in at NatWest, a Budget blow to private healthcare and how cricket went all out NatWest staff set for Valentine’s Day bonus The finishing line is in sight. NatWest’s journey through [...]