Natwest Share Discussion Threads

[smithie6] 10/3/2024 21:06

NWG & Nigel Farage.

imo should just settle out of court

Paying Farage say £1m would probably be cheaper than X months/years of legal hassle. As I understand it a top London lawyer for vases like this might charge £1000/hour !, & if there are admin./support tasks then those tasks get billed as well of course.

Although perhaps play bluff with Farage since he surely has not got the money to pay his legal costs for this legal case. And Coutts revealed I think that Farage was not very rich.

[maxk] 10/3/2024 15:38

NatWest hires City law firm as it tools up for Nigel Farage battle

Bank lines up specialist lawyer in anticipation of debanking challenge

Luke Barr
and
Michael Bow
10 March 2024 • 2:18pm





Mr Farage's Coutts account was shut last year CREDIT: Julian Simmonds
NatWest has drafted in City law firm Addleshaw Goddard to defend a looming legal challenge brought by Nigel Farage over debanking.

David Engel, a reputation and privacy lawyer, has been tasked with fending off the former UKIP and Brexit Party leader in the High Court.

Mr Engel is described on Addleshaw Goddard’s website as being a specialist in “contentious privacy and data protection issues, including data breaches, civil claims and litigation risk under GDPR”.

Proceedings are yet to be lodged against the bank, although Mr Farage is pursuing NatWest over the closure of his accounts at its private bank subsidiary Coutts in June last year.

Mr Farage has appointed Mayfair-based Grosvenor Law for his claim, a firm that is also representing Michelle Mone and Doug Barrowman in their dispute with the Government over allegedly defective PPE.

The move by NatWest to hire Addleshaw Goddard suggests the bank is ready to take on Mr Farage in the courts amid a change in the senior ranks at NatWest.

A new chief executive, Paul Thwaite, and chairman, Rick Haythornthwaite, have been appointed to lead the lender, while Coutts also hired Emma Crystal as chief executive.



More:

[chiefbrody] 09/3/2024 13:40

Don't believe that will happen. Either the pension increases will slow down or the allowance will rise. Suicide for any party to let it happen (irrespective of whether it should or not).

[skinny] 09/3/2024 13:33

Here's the link - quite shocking that in a couple of years, a pensioner on nothing more than the state pension will be liable to tax/ tax return.

[smithie6] 09/3/2024 13:17

Share options for directors/managers.

Does anyone understand what the exercise price is, since I wasn't able to see that basic info ?

Considering the shambles of management over previous months and years is it right that the directors/managers enrich themselves at the cost of shareholders?

[netcurtains] 09/3/2024 08:20

Polar fox: I doubt the tories will lose any more votes, they are already down to more or less zero.... So if they had any patriotic backbone they should change the tax laws so that any REALLY BAD medicine is doled out to us all as they are not going to get back in anyway...

[polar fox] 08/3/2024 16:00

This is from July last year - a bit stale, but useful:

Here are their biggest shareholders

UK HM Government 41%
Norges Bank Investment Management 3.5%
The Vanguard Group, Inc. 2%
BlackRock Investment Management (UK) Ltd.1.5%
Massachusetts Financial Services Co. 1.5%

unquote

Talking about NWG of course.

[polar fox] 08/3/2024 13:55

A TR-1 over lunchtime; not HMT, for once.

Boston-based Massachusetts Financial Services has a holding of 5.12%, so we now know where some of the buying has been coming from. Maybe they've been encouraging their clients to take a punt.

MFS has an office in EC4.
According to Google, MFS is a member of the Sun Life Group.

[smithie6] 08/3/2024 11:27

2.0-2.5p price jump...in recent seconds
~1% price jump. Equals an increase of X million in the cap. value ! ~£200million ?! :-0

...these shares are performing strongly in recent weeks.

[smurfy2001] 08/3/2024 10:54

6th march 8,751,045,355 Ordinary Shares in issue
7th march 8,771,254,598 Ordinary Shares in issue

Going backwards Natwest !

They are reducing their treasury shares but the buyback so far is minute.

[petera007] 07/3/2024 11:24

Should read “only a week until ex dividend”

[hardup1] 07/3/2024 10:57

Individual Savings Account: UK ISA Consultation.

The Government are conducting a consultation with all interested parties prior to rolling out the new UK ISA.

Here is a link to the consultation document and ANYONE can take part in the consultation. There are 15 questions in the consultation. There is an email address in the document for people to send their responses to this consultation.

Responses to this consultation should be sent to HM Treasury by 6th June 2024.

[gcom2] 07/3/2024 09:00

only a week until the juicy 11.5p divi

[polar fox] 06/3/2024 15:24

cb,

You sum it up very succinctly!

You had any better luck? I was lucky enough last weekend for my eighth prize in just ten draws; now I have to decide - put it in a new ISA next month or stick around hoping for something more substantial, maybe.

[polar fox] 06/3/2024 13:42

Citywire:

Government NatWest share sale remains on course

Chancellor Jeremy Hunt confirms plans to offload part of the government’s remaining one-third stake in NatWest this summer.
unquote

But he dealt with it in a couple of sentences, without any detail.

[netcurtains] 06/3/2024 13:11

Will the new ‘British Isa’ be aimed at SID and Nat west shares

[smurfy2001] 06/3/2024 13:05

I don't think Sid would be allowed to sell straightaway.