Natwest Share Discussion Threads

[clocktower] 20/6/2024 16:42

Good move imo jubberjim - if the Government sell off the shares in this, what discount will they offer to uload them?

[jubberjim] 20/6/2024 15:51

sold out my last lot here and got rid of lloy at same time

Not convinced by the banks and prefer to be ready and waiting in cash

Done all right considering

Best of luck to those remaining

[polar fox] 20/6/2024 07:39

This is how Sainsbury's sees it:

Further to its announcement on 18 January 2024 regarding a phased withdrawal from its core banking business, J Sainsbury PLC (“Sainsbury217;s") is pleased to announce that it has entered into an agreement for the sale of Sainsbury’s Bank plc’s (“Sainsbury217;s Bank”) personal loan, credit card and retail deposit portfolios (together the “Core Banking Business”) to NatWest Group ("NatWest”), one of the UK’s leading banks (the “Transaction”). We expect the Transaction to complete in the first half of calendar year 2025.

This Transaction does not include Sainsbury’s Bank’s commission income businesses, including insurance, ATMs and travel money. These are capital-light and profitable businesses with a strong connection to Sainsbury’s core retail offer.

Argos Financial Services (“AFS”) is also not included in the Transaction. A further update on Sainsbury’s plans for this business will be provided at a future date.

We expect Sainsbury’s Bank to return excess capital of at least £250 million to Sainsbury’s once the phased withdrawal from its Core Banking Business has been completed and the future model for Argos Financial Services is in place. Sainsbury’s intends to return this capital to shareholders.

Core Banking Business customers are expected to transfer to NatWest in the first half of calendar year 2025. Sainsbury’s Bank customers do not need to take any action as a result of this announcement. Further information relating to the transfer of the Core Banking Business to NatWest pursuant to Part VII of the UK Financial Services and Markets Act 2000 will be sent in due course.
There will be no immediate changes to Sainsbury’s Bank customers’ existing terms and conditions.


unquote

[polar fox] 20/6/2024 07:34

I thought Sainsbury's banking unit had already been sold elsewhere. But buying most of the unit seems like a good opportunity and perhaps the market will mark the share price up a little.??

[polar fox] 19/6/2024 07:22

So May's inflation nicely in line with expectations.

By way of a heads-up, the next couple of months will be trickier. Next month, a year ago, the monthly increase was only 0.1 - that will be hard to match, so annual CPI could rise a tenth or two or three. The following month, a year ago monthly inflation actually fell 0.4; this year, the drop in the energy price cap from July 1 will take something off the ONS calculation, but I'm not expecting a match to -0.4. Bottom line, CPI could be closer to 2.5-ish.
Such a possibility is sure to be a factor in the collective mind of the MPC, as we may well hear tomorrow.

[skinny] 17/6/2024 09:50

FWIW :- Deutsche Bank raises NatWest price target to 350 (345) pence - 'buy'

[johnwise] 16/6/2024 10:20

Reform Party..The Nigel Farage tax plan


Nigel Farage’s party to promise tax cuts for white van man as they brand Labour a caffe latte party


Nigel Farage's squad say they are the party of the workers now

Nigel Farage’s squad will announce a slew of tax cuts at the launch for their blueprint for power on Monday.

Reform Party chairman Richard Tice - who is running to be an MP - said: “Reform is the real party of the workers, who have been abandoned by ‘cafe latte’ Labour.”

Reform UK will promise to abolish IR35 - laws which critics say force self employed tradesmen like plumbers and electricians to pay too much tax.

The threshold at which you have to register for VAT will be lifted to £150,000 to free small businesses from red tape.

Corporation tax will also be cut from 25 per cent to 15 per cent over three years.

And people will only have to start paying income tax at £20,000, not the current threshold of £12,750.

Reform have enjoyed a huge surge in the polls after Mr Farage’s bombshell political comeback.

A shock YouGov survey out earlier this week put them ahead of the Tories for the first time.

They want to get a whopping six million votes in the election.

Party insiders said they reckon they can get up to six parliamentary seats.

[polar fox] 14/6/2024 22:05

UK inflation update next Wednesday; here are the consensus numbers, which look very good. As I've been posting, the year ago monthly CPI increase was 0.7, so a nice drop is a no-brainer.

CPI 2.0 vs 2.3 last month
Core 3.5 vs 3.9
RPI 3.1 vs 3.3

Regardless, the consensus is that the MPC will NOT cut BR on Thursday.

[polar fox] 14/6/2024 15:22

The Regression polling has been updated, based on 19,426 people between June 5-13, so Reform's recent jump is now fully incorporated:

LAB 461
CON 80
LIB 63
SNP 20
RFM..1 and their percentage vote is up, to 14.8

[smurfy2001] 13/6/2024 17:52

US interest rate forecast to be cut just once in 2024

hxxps://news.sky.com/story/us-interest-rate-forecast-to-be-cut-just-once-in-2024-13152145

[smurfy2001] 13/6/2024 13:37

London stock market has turned a corner, says broker that predicted ‘doom loop’

[delphiman] 12/6/2024 08:57

Its a forgone conclusion that Labour will win this next Election, the Heads of the Financial institutions in London have already held meetings with Labour to work our what this looks like, this is all factored in and there is very little uncertainty, what would rock the boat would be if they didn't as it looks to me that all the Banking Institutions are already mapping out plans for a Labour victory from what I've seen and heard in the city also there is a huge global Banking appetite for investing into the UK again.

[polar fox] 11/6/2024 21:04

Well, well.

Excerpt:

Dame Alison Rose’s many fans in the City will be happy to hear that the former NatWest chief executive has resurfaced as an adviser to private equity firm Charterhouse Capital Partners. Nigel Farage seems less pleased.

When Rose was ousted last year over the Farage debanking row it seemed unlikely she would quickly find a berth at another public company. But friends said her experience would be in demand by other firms, most obviously in private equity. And so it has proved.

Rose and the Charterhouse team have known each other for more than 20 years, according a person close to the firm. She will serve as a senior adviser to Charterhouse alongside Lord John Patten, the former Tory cabinet minister, who has been advising the firm since 2001.

In her more than 30 year career at NatWest, Rose’s roles included head of commercial and private banking, so she has wide experience of the medium-sized companies in which Charterhouse specialises.

Patten is heavily involved in “deal sourcing and portfolio company matters” according to Charterhouse and Rose is well-placed to provide similar input.

Rose was widely seen to have done a good job at NatWest, and she has many supporters in the City despite admitting to a “serious error of judgment” that led to her resignation.
unquote

[polar fox] 11/6/2024 19:32

Latest poll, as reported in the Telegraph:

Tories only one point ahead of Reform, poll finds

Reform UK has closed the gap on the Conservatives in the polls to just one point.


A new YouGov poll put Nigel Farage’s party on 17 per cent, just one point behind the Conservatives on 18 per cent.

Reform have gained one point and the Conservatives have lost one point from the results in YouGov’s poll last week, from 16 and 19 per cent respectively.

Labour remains in the lead but is down three points to 38 per cent, whereas the Lib Dems have surged by four points to 15 per cent following the launch of their manifesto.

The poll was conducted on Monday and Tuesday this week.
unquote

The latest Regression polling is:

LAB 472
CON 76
LDM 60
SNP 16
RFM now predicted to win one seat - Clacton??

[delphiman] 11/6/2024 13:43

www.thetimes.com/uk/scotland/article/labour-will-push-ahead-with-natwest-stake-sale-vows-reeves-nk9w907sw#:~:text=A%20Labour%20government%20would%20still,%E2%80%9D%2C%20Rachel%20Reeves%20has%20suggested.

[delphiman] 11/6/2024 13:35

From my understanding Labour have said they will go ahead with the share sale as to what was originally happening with the conservatives hxxps://www.thetimes.com/uk/scotland/article/labour-will-push-ahead-with-natwest-stake-sale-vows-reeves-nk9w907sw#:~:text=A%20Labour%20government%20would%20still,%E2%80%9D%2C%20Rachel%20Reeves%20has%20suggested.

[polar fox] 10/6/2024 11:45

HMT sold a few more to get below 22% - they're on course to break below 20% comfortably in time for the half-yearly RNS.

The percentage of voting rights held by HMT in NatWest Group plc (NWG), as shown on this form (21.93%), has been calculated following the disposal by HMT of 18,436,526 ordinary shares in NWG since its last TR-1 notification on 4 June 2024.
unquote

[johnwise] 09/6/2024 13:22

VIDEO

MATT GOODWIN: FARAGE’S Reform Party SURGES – Tories in CRISIS!

[polar fox] 08/6/2024 11:12

Excerpt from some news online - I think this is the first we've heard of Labour's intentions and the comment about the retail offer seems to leave the door open to it possibly being dropped altogether:

NatWest has laid out plans to drive more automation across the bank. The boss of the high street bank has spoken out today (Thursday June 6) after the top team was cut ahead of the next general election, which will be held on July 4.

Paul Thwaite, who became NatWest's permanent chief executive in February, said there was a "lot to do" to simplify the business. Mr Thwaite, speaking at a Goldman Sachs European Financials Conference, said: "I was encouraged, and we've been engaging with the current opposition quite extensively, that the shadow chancellor earlier this week visited our premises and said she had no plans to deviate from the current plan, which is to sell the whole shareholding down by 2025 to 2026."

"Given the progress we've made ... I'm pretty pleased with the trajectory and we'll hit that plan, irrespective of whether a retail offer happens or not." The Government's intention to launch a sale of NatWest shares to the general public this summer was put on ice after the General Election was called for July 4.
unquote

We'll probably just have to wait and see what happens in the aftermath of the election result and once the summer hols are out of the way.

[polar fox] 05/6/2024 19:23

Nigel makes a difference....

Reform UK pulls to within two points of Tories in latest YouGov poll

The exclusive survey for Sky News puts Labour on 40%, the Tories on 19% and Reform on 17%.
unquote

That's a big jump for Reform, who were on about 10-11% before he entered the fray.

[polar fox] 04/6/2024 17:12

A couple more late RNSs. One updating the TVR and the other updating HMT's holding at 22.15%.

The percentage of voting rights held by HMT in NatWest Group plc (NWG), as shown on this form (22.15%), has been calculated following the disposal by HMT of 422,296,449 ordinary shares in NWG since its last TR-1 notification on 31 May 2024, including the directed buyback of 392,448,233 shares by NWG from HMT on 31 May 2024, and is based on the Total Voting Rights announcement on 4 June 2024.
unquote

[johnwise] 04/6/2024 11:39

NatWest Group plc Holding(s) in Company – Blackrock Inc

[polar fox] 04/6/2024 09:22

BlackRock are back above 5%, but it's probably due to the change in TVR as a result of the directed buyback. I was wondering if both they and MFS would need to submit new TR-1s.

[cutliff2] 03/6/2024 19:28

Largeronald
You got to hand it to him as he is a world class grifter and he seems to be able to fool some of the people all of the time.
Hope the Dolphin can make it difficult for him again.