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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Royal Bank Of Scotland Group Plc | LSE:RBS | London | Ordinary Share | GB00B7T77214 | ORD 100P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 120.90 | 121.35 | 121.40 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
08/11/2016 11:44 | gcom2, how much have they provisioned so far for the US one? | smurfy2001 | |
08/11/2016 11:14 | Been known about for many years and largely provisioned for. Likewise for the US case. | gcom2 | |
08/11/2016 10:54 | The bank will now have to take a £400m hit in the fourth quarter of this year to cover the costs of complaints and compensation, which will hit reported profits at the same time as the bank levy, giving RBS a small mountain to climb to simply break even. While the costs of today’s announcement are significant, they are likely to pale in comparison to the costs RBS is facing in the United States for mis-selling mortgage-backed securities. RBS has already set aside over $5bn to cover the cost of litigation in the US, but also faces a multi-billion dollar fine from the Department of Justice, who are taking a hard line with Deutsche Bank on this issue. This impending cost, together with the divestment of Williams and Glyn, remain the two biggest elephants in a rather crowded room for RBS.’ Laith KhalafSenior analyst, Hargreaves Lansdown | avatar333 | |
08/11/2016 10:53 | Most of what comes from europe could be made here. Wine and funny suasages excepted. | gcom2 | |
08/11/2016 10:52 | The Bank of England said on Tuesday that UK banks would be given an extra two years until 2022 to build up sufficient funds to ensure they do not need to rely on taxpayer bailouts if they go under. The central bank also said it would help smaller banks and building societies by increasing the size they can become before more onerous capital rules take effect. The Bank's statement follows a consultation it began in December 2015, which it said aimed to define one of the final pieces in the jigsaw to avoid a repeat of the 2008 taxpayer bailouts of RBS and Lloyds. Governor Mark Carney said: "This policy is a significant milestone on the journey to end 'too big to fail' in the UK. [It] will ensure that banks that provide essential economic functions hold sufficient resources to be resolved in an orderly way, without recourse to public funds." | avatar333 | |
08/11/2016 10:48 | Lawyers tend not to tell lies to HMG officials. Does not look good on the CV to be struck off. | leedskier | |
08/11/2016 10:45 | Why didn't he just tell them that he had taken them to the U.S. with him? ; | avatar333 | |
08/11/2016 10:43 | Exactly. Imported goods from the EU will be much higher. Let me illustrate the point with this little story. A friend of mine, a lawyer -- sadly passed on now, was a very good golfer and he was on a golfing holiday in the USA. Now golf clubs are much cheaper in the USA than in Britain. So he bought a bag of good clubs and paid for them to be carried on his transatlantic flight home. When he arrived at the UK airport he declared them and was told he was going to have pay a hefty sum in duty. "Keep them" he told HM Customs. HM Customs did not want his expensive golf clubs so revised down their proposed charge. | leedskier | |
08/11/2016 10:25 | ok, lets put it another way. How do you think €urolands industries will do trading with blighty under WTO rules? Trebles all round? | maxk | |
08/11/2016 10:22 | Better to live with one's head in the sand, eh maxk? | leedskier | |
08/11/2016 10:12 | leeds. Why don't you just rename this thread the brexit doom thread...one way stories only. | maxk | |
08/11/2016 09:44 | 7 NOVEMBER 2016 • 5:44PM Fever-Tree, the upmarket tonic water maker, has warned that it could pull manufacturing out of Britain if European tariffs become too "punitive". Tim Warrillow, co-founder and managing director, acknowledged that there was "nothing more British than a gin and tonic" but said it could look to move its manufacturing to international markets following Brexit. | leedskier | |
08/11/2016 09:42 | What is the EU tariff on imported food/clothing under WTO agreements? | leedskier | |
08/11/2016 09:37 | 15% .. where did you get that from? | maxk | |
08/11/2016 09:20 | Bizarre that M&S cannot make money from its EU outlets given the fall in Sterling. In contrast ASOS is storming. Perhaps the fear is that post Brexit it will have to pay 15% import duty on its sales in the EU. | leedskier | |
08/11/2016 09:16 | More on that 08/11/2016 8:40am Dow Jones News Today : Tuesday 8 November 2016 LONDON—Marks & Spencer Group PLC reported a 90% drop in half-year profit Monday as the British retailer said it is closing stores in 10 international markets and plans to close many of its clothing and home stores in the U.K. M&S, a mainstay of the U.K. high street, reported net profit of £ 16.9 million ($20.96 million) for the six months to Oct. 1 compared with £ 172.7 million in the first half of last year as the company was weighed down by pensions costs. So-called underlying pretax profit, which strips out one-time charges, fell 19% to £ 231.1 million. Revenue edged up 0.9% to £ 4.99 billion. The company said over the next five years it will close about 60 of its clothing and home stores in the U.K., but will continue to increase the number of food stores. Separately, M&S will close 53 wholly-owned stores in 10 markets: China, France, Belgium, Estonia, Hungary, Lithuania, the Netherlands, Poland, Romania and Slovakia. The company said it is starting consultation with about 2,100 employees as a result of this. Write to Saabira Chaudhuri at saabira.chaudhuri@ws | leedskier | |
08/11/2016 09:15 | Sterling stronger on that data. In other news, M&S announces it is closing its overseas outlets and some in the UK as it fights off its Woolworths moment. | leedskier | |
08/11/2016 09:12 | Retail sales data from the UK, a big jump in this indicator well ahead of expected and the strongest since January of 2016 BRC cited retail spending boosted by sales of jewellery and watches, tourist driven, taking advantage of the lower GBP Rising fuel prices (spending on petrol up 6.6%) Also, a separate survey from Barclaycard (credit card division of Barclays): Spending on its cards increased 5.5% y/y Biggest jump since the survey started in 2011 Rising prices for petrol a big contributor Also consumers travelling abroad (from the UK) | leedskier | |
08/11/2016 09:12 | Morning. ; | avatar333 | |
08/11/2016 08:11 | GRG was during Stephen Hester's reign. Shocking example of a bank screwing others to help itself. | leedskier | |
08/11/2016 07:48 | I'm guessing it's going to be really bad for RBS SPIsn't it always. I hoped it might be seen as good but £400 million in Q4 is pretty nasty. | tfergi |
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