Top UK Stocks to Watch: NatWest shares fall as profits jump 82%

Top UK Stocks to Watch: NatWest shares fall as profits jump 82%
Joshua Warner
April 29, 2021 8:51 AM
NatWest follows its peers by reporting significantly higher profits, Shell continues to slash its debt pile as profits rise on higher oil prices, Flutter reports strong online growth, Unilever launches a new EUR3 billion buyback, and Smith & Nephew returns to growth after a tough 2020.
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Top News: NatWest sees ‘reasons for optimism’ over UK economic outlook
NatWest posted better-than-expected results for the first quarter after releasing funds set aside for bad loans and reporting a solid performance from its core brands and loan book.
The bank said operating pretax profit jumped to £946 million in the first quarter of 2021 from £519 million the year before – well ahead of the £722.3 million forecast by analysts. Profit attributable to shareholders of £620 million jumped from £288 million the year before and was also much better than the £409 million expected by the markets.

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