Natwest Group plc (NWG) News

Natwest Group plc (NWG): $5.20

-0.08 (-1.52%)

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G

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N

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Industry: Foreign Banks


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NWG News Highlights

  • For NWG, its 30 day story count is now at 45.
  • Over the past 15 days, the trend for NWG's stories per day has been choppy and unclear. It has oscillated between 1 and 29.
  • GBX, BITE and LOAN are the most mentioned tickers in articles about NWG.

Latest NWG News From Around the Web

Below are the latest news stories about NatWest Group plc that investors may wish to consider to help them evaluate NWG as an investment opportunity.

NatWest Returns to Profit in 2021

NatWest Group (LON: NWG) (NYSE: NWG) returned to profit in 2021, driven by the recovery of the economy which allowed the British bank to recover provisions for unpaid debts. Key Results Full-year attributable profit was £2,950 million pounds, compared with a loss of £753 million a year earlier. The bank took a net impairment reversal of £1,278 million reflecting the low levels of realized losses observed throughout the year. Retail and commercial lending activity saw growth of 2.6%. Revenue was stable over one year, at £10.28 billion. NatWest achieved cost reductions of £256 million, or 4%, in 2021, in line with its target for the year.

Stephanie Bedard-Chateauneuf on TipRanks | February 18, 2022

Natwest rebounds to £4bn profit in 2021

NatWest announced a swing back to profit in 2021, aided by the UK’s economic recovery, but warned of storm clouds on the horizon as inflation begins to bite.

Sky News | February 18, 2022

FTSE 100 grinds out gains as retailers rise

The FTSE 100 ground out gains on Friday despite ongoing concern around a possible invasion of Ukraine by Russia. The FTSE 100 was trading 0.4% higher in afternoon trade on Friday as markets looked past Ukraine-Russia tensions to better than expected retail sales and a fairly decent set of figures from Natwest. “The FTSE 100 […] The post FTSE 100 grinds out gains as retailers rise appeared first on UK Investor Magazine .

UK Investor Magazine | February 18, 2022

The thorny issue for NatWest’s Alison Rose

City Comment: The government should hold on to its majority stake

Evening Standard | February 18, 2022

NatWest pays £298m in bonuses as it closes 32 branches

NatWest announced a swing back to profit in 2021 as the taxpayer-backed lender increased bonuses by 44% amid plans to close 32 branches.

Yahoo Finance UK | February 18, 2022

British bank Natwest cuts lending to oil and gas sector

By Simon Jessop LONDON (Reuters) – British bank Natwest cut lending to clients in the oil and gas sector by 21% in 2021 and aims to limit it further as part of efforts to decarbonise its loan book and reach net-zero emissions, it said on Friday.

FX Empire | February 18, 2022

NatWest profits rocket and it hands big divi to the government

NatWest is paying a £1.7 billion dividend to the government as it signalled a return to health under chief executive Alison Rose .

Evening Standard | February 18, 2022

NatWest faces potential £2million+ payout after sacking banker days after cancer surgery

NatWest faces a £2million pound damages claim after a tribunal ruled it had discriminated against and unfairly dismissed an employee who was undergoing treatment for bowel cancer.

Mail+ | February 18, 2022

NatWest Lifted by Bad Loan Release as Cost Target Drifts

(Bloomberg) -- Most Read from BloombergLavrov Agrees to Meet Blinken, U.S. Says: Ukraine UpdateIndia Protests Against Singapore PM’s Comments on LawmakersMorgan Stanley Relationships on Wall Street Snared in ProbeElon Musk Ratchets Up Trudeau Criticism With Hitler Comparison MemeThousands of Cars Including Audis, Porsches Adrift on Burning Cargo ShipNatWest Group Plc sees higher returns along with growing cost pressures in the coming years, after a quiet spell for bad loans helped the bank beat

Yahoo | February 18, 2022

NatWest earnings soar but rising prices bite

LONDON (Reuters) -British bank NatWest swung to a hefty profit on the back of the country's economic recovery but said rising prices will make it harder to cut overheads, prompting it to lower its cost-cutting target. NatWest on Friday reported pretax profit of 4 billion pounds ($5.45 billion) for the 2021 calendar year, compared with a 351 million pound loss in 2020, restated as a 481 million pound loss to exclude its axed Irish business. The improved picture meant NatWest could release 1.3 billion pounds of the reserves built up to deal with soured loans.

Yahoo | February 18, 2022


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