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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Natwest | NWG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.50 | 0.38% | 398.50 | 15:37:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 399.00 | 393.40 | 399.90 | 397.00 |
| Industry Sector |
|---|
| BANKS |
| Top Posts |
|---|
Posted at 31/10/2024 14:38 by johnwise UK government bonds extend sell-off after Reeves' first budgetUK government bonds extended their sell-off on Thursday as investors continued to mull the implications of the first Labour budget in 14 years. In recent weeks, bond markets have had to digest fluctuating oil prices, changing Federal Reserve interest rate expectations and uncertainty about the looming US election result. Now they are also digesting the sharp increase in government borrowing and expectations of Bank of England (BoE) interest rate cuts, forecast by the Office for Budget Responsibility (OBR). While US Treasuries and German Bund prices also slipped, there was a larger decline in UK government bonds, also known as gilts. This in turn pushed up yields, or interest rates. The yield on the 20-year gilt rose to its highest level since early November last year, at 4.855%, up five basis points. Meanwhile, the 10-year rate rose as much as nine basis points to 4.44%, the highest level in almost a year. Yields also rose on short-dated bonds, which are more sensitive to the outlook for interest rates. The two-year gilt yield rose as much as seven basis points. More |
Posted at 15/10/2024 08:38 by shibasto How does HMT selling their shares to other investors release capital? |
Posted at 31/7/2024 16:13 by delphiman Chancellor Rachel Reeves is keen to offer the Government's £5.6 billion stake to pension funds, insurers and asset managers, rather than ordinary investors, sources say.ISN'T THIS THE TAXPAYERS BANK!! and the TAXPAYER isn't allowed, we don't hear much about the taxpayers bank now the government has been taking all the money back and spending it, the special dividends they took every year whilst the taxpayer was denied dividends until the last few year has made the government a fortune, More than they ever paid out as they make out they have lost. Fudge Fudge Fudge, people in back pockets Fudge Fudge Fudge. |
Posted at 30/7/2024 05:50 by suetballs Shame - I thought a retail investor offer was a good idea. We need to promote an enhanced interest in the uk stock market.Suet |
Posted at 29/7/2024 19:15 by kiwi2007 Daily Mail throw cold water on the idea (as they do with anything Labour do - good or bad).NatWest setback as Labour kiboshes 'Tell Sid' share sale Rachel Reeves not keen to offer Government's £5.6bn stake to ordinary investors By EMILY HAWKINS Hopes of a 'Tell Sid' NatWest share sell-off to the public have been dashed as Labour lines up a sale to institutional investors. Chancellor Rachel Reeves is keen to offer the Government's £5.6billion stake to pension funds, insurers and asset managers, rather than ordinary investors, sources say. The move is a hammer blow to the bank and retail investors, with critics saying it is a missed opportunity to encourage more people to develop long-term saving and investment habits. The last Labour government rescued the lender during the 2008 financial crisis and at its peak the taxpayer's stake was 84 per cent. This month it fell below 20 per cent. The Conservatives planned a sale this summer with former chancellor Jeremy Hunt priming M&C Saatchi to launch a 'Tell Sid' advertising campaign – the slogan used to encourage people to buy shares in British Gas in 1986. |
Posted at 09/7/2024 21:13 by johnwise (Facile objectives – like becoming a ‘clean energy superpower’, whatever that fantasy means – should be ditched.”"anytReeves warned about Wealth Fund’s limitations UK Chancellor Rachel Reeves has been warned that Labour’s new National Wealth Fund risks wasting taxpayers’ money unless it sets realistic objectives. Professor Len Shackleton, an editorial and research fellow at the Institute of Economic Affairs, adopted a more cautionary tone. “I wish this new initiative well, but the NWF needs to be realistic about what government can do,” he said. “Investment is important, but it needs to be sensible and analysis of potential returns needs to be hardnosed. Facile objectives – like becoming a ‘clean energy superpower’, whatever that fantasy means – should be ditched.” Prof Shackleton continued: “We need to boost not just the quantity but also the quality of investment. In the past, governments have been far too influenced by fashionable boondoggles — nowadays, anything with ‘green’ in the title should ring warning bells — and have wasted vast amounts of taxpayers’ money. “Sometimes, pension funds and other private investors who paid too much attention to the government of the day also lost out.” Prof Shackleton said promises of ‘policy certainty’ are nothing new, with many past governments forced to backpedal due to unforeseen events. “When, long ago, a previous Labour administration set up the National Enterprise Board, it was justified as promoting advanced technology in profitable firms. But the wind changed, and with rising unemployment, 95% of government funds went into attempts to revive lame ducks. “The government should always remember that it isn’t just cautious investors who hold new projects back. The mass of regulations and prohibitions, plus an increasingly unfavourable corporate tax regime, inhibit much potential investment spending. “The government will need to attack these issues as well. But that’s inch-by-inch hand-to-hand fighting, not just making grand declarations and sticking new signs on government offices.” The National Wealth Fund taskforce includes former Bank of England Governor Mark Carney, Barclays CEO C.S Venkatakrishnan, Aviva CEO Dame Amanda Blanc and large institutional investors. Video: Mark Levin sussed the government scam The truth about global warming If Zero CO2 was ever achieved every tree on the planet would die VIDEO: A Dearth of Carbon Dr. Patrick Moore |
Posted at 06/5/2024 07:42 by polar fox Times:NatWest ‘bonus’ share plan for investors Treasury also considering minimum and maximum investment levels as it looks to sell some of its remaining shares in the bank in scheme that could launch this month. Retail investors could receive a “bonus” share in NatWest if they hold on to the stock for at least a year, in plans being drawn up by ministers for a populist Tell Sid-style privatisation of some of the government’s remaining shares in the bank. It plans a mass-market sale of NatWest shares, which Jeremy Hunt, the... Unquote If Skinny sees this, he may be able to give us the whole article. ADD: Sky has a more detailed piece. Bloomberg too. |
Posted at 20/4/2024 11:50 by skinny "NatWest reports its first-quarter results on Friday, when it is expected to say that its first-quarter operating pre-tax profits slid to about £1.2 billion, from £1.8 billion a year earlier. The performance of the bank, which is 29 per cent-owned by taxpayers after its bailout in the 2007-09 financial crisis, is likely to be closely scrutinised, given that the government is planning its first sale of NatWest shares to retail investors as soon as the summer." |
Posted at 11/4/2024 06:49 by polar fox How things are changing.Also be alert for the US PPI numbers at 1:30 - the consensus is for rises in both PPI and core. Meantime, Bloomberg: Investors are signaling the Federal Reserve will cut interest rates just twice this year, starting in September, after a fresh round of hot inflation sent Treasury yields soaring to 2024 highs. This turn of events was unthinkable at the start of the year, when the consensus view was for six cuts totaling 1.5 percentage points, beginning in March. Swap contracts currently anticipate the Fed’s rate will end the year only about 40 basis points lower than its current level of 5.33%. Options traders added bets on the Fed cutting just once this year, and Wall Street banks began revising their forecasts. unquote |
Posted at 28/1/2024 21:21 by polar fox Here's the FT's contribution, this afternoon:The UK government could kick off a sale of NatWest shares to the public as early as the middle of this year, once a permanent chief executive has been installed at the bank. Government insiders said Bim Afolami, the City minister, was eyeing a sale of part of the state’s holding in the UK high street bank to retail investors before the summer break, and that resolving the bank’s long-term leadership was a necessary precondition. “We need a permanent CEO,” said one. NatWest’s interim chief executive, Paul Thwaite — who took over from Dame Alison Rose when she stepped down last summer in the wake of the Nigel Farage “debankingR But the company’s incoming chair Richard Haythornthwaite has started the search for Rose’s permanent successor after joining the bank’s board earlier this month. Thwaite previously led NatWest’s commercial bank and is seen as a leading contender for the job who could be made permanent before the end of his initial one-year appointment. In his Autumn Statement last November, chancellor Jeremy Hunt said he would “explore options for a NatWest retail share offer in the next 12 months subject to supportive market conditions and achieving value for money”. At the time, the Treasury said it planned to sell down the remaining state holding by early 2026 “utilising a range of disposal methods” and Afolami confirmed to the Financial Times that a retail offer was still being “explored̶ The Treasury declined to comment on the timing or the process for selling down its remaining 36 per cent stake in the bank, which resulted from the £45.5bn bailout of the lender during the 2008 financial crisis. The government has already cut its stake from a peak of 84 per cent. Any pre-election NatWest retail offer is expected by government officials to include a discounted share offer. NatWest’s shares have fallen 27 per cent in the past year after a set of disappointing results and the departure of Rose. NatWest declined to comment. Afolami told the FT that he wanted to persuade younger people to invest in NatWest as part of a wider effort to broaden share ownership, embracing Margaret Thatcher’s vision of “popular capitalism”. Thatcher offered discounted shares to the public during privatisations such as British Gas in the 1980s, accompanied by the famous “Tell Sid” advertising campaign. Afolami said: “We need to do much more to incentivise young people to invest in the “traditional&# “I want to say to young people: don’t just do crypto, broaden your investments, consider owning shares such as NatWest, invest in Britain and the British stock market.” The “get rich quick” allure of cryptocurrency means it has gained traction, especially among younger investors. Almost one in 10 UK adults — some 4.97mn people — owned cryptocurrency assets in 2022, according to research by the Financial Conduct Authority. That eclipses the 3.9mn people who subscribed to more conventional investments using stocks and shares Isas in the 2021-22 tax year, according to the latest HMRC statistics. Nick Train, one of the UK’s highest profile fund managers, recently told the FT he wished more young people would “take a flutter on the stock market” than take a punt on the outcome of a football match or dabble in crypto. unquote |
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