7/30/2021 3:58:44 PM GMT
Europe
It’s been a disappointing end to the week, and the month for markets in Europe at the end of a week and a month that has seen the FTSE250 hit a new record high, and yet we’ve seen very little way of progress in the FTSE100, which looks set to finish July more or less where it started.
Markets in Europe have also slipped back today, at the end of a week that has lacked a clear direction overall. We’ve seen moves in both directions, but they’ve lacked any sort of conviction, with the overriding concern being one of concern about whether the second half of the year will be able to match up to some of the decent numbers we’ve seen from various company updates this week.
30 July 2021 | 07:57am
StockMarketWire.com - NatWest Group has reported operating profits before tax of £2.5 billion, compared to an operating loss before tax of £770 million during the same period last year, in its half year results for 2020.
After tax, profits were at £1.8 billion for the half year to 30 June 2021. Income across its UK and Royal Bank of Scotland International retail and commercial businesses dipped 3.3%, and was down at £160 million for the period.
The bank says this reflects “lower yield curve and subdued transactional business activity.”
NatWest Markets income decreased 59.6% from its half year results in 2020 and was down at £492 million.
Alison Rose, CEO, said: ‘We continue to make progress against our strategic targets and to accelerate our digital transformation as we build a bank that is relevant to our customers in every region of the UK and supports them at every stage of their lives.’
LONDON BRIEFING: NatWest promises GBP3 billion distributions in 2021
Fri, 30th Jul 2021 08:24
(Alliance News) - NatWest Group on Friday posted a swing to first half profit, helped by an impairment release.
The Edinburgh-based bank posted total income of GBP5.32 billion in the first half of 2021, down 8.9% from GBP5.84 billion a year earlier. It swung to a pretax profit of GBP2.51 billion from a GBP770 million loss a year earlier.
Profit was boosted by a net impairment release of GBP707 million, contrasting with a hit of GBP2.86 billion taken a year earlier. While we see the potential for a more rapid recovery, we will continue to take an appropriate and conservative approach as the government schemes wind down and the economy reopens, Chief Executive Alison Rose commented.
Operator
Good morning, ladies and gentlemen, and welcome to Martin Marietta s Second Quarter 2021 Earnings Conference Call. [Operator Instructions] I will now turn the call over to Ms. Suzanne Osberg, Martin Marietta s Vice President of Investor Relations. Suzanne, you may begin.
Suzanne Osberg
Vice President of Investors Relation
Good morning, and thank you for joining Martin Marietta s Second Quarter 2021 Earnings Call. With me today are Ward Nye, Chairman and Chief Executive Officer; and Jim Nickolas, Senior Vice President and Chief Financial Officer. As a reminder, today s discussion may include forward-looking statements as defined by United States securities laws in connection with future events, future operating results or financial performance. Like other businesses, Martin Marietta is subject to risks and uncertainties that could cause actual results to differ materially. Except as legally required, we undertake no obligation to publicly update or revise any forward-l
LONDON MARKET PRE-OPEN: NatWest sets buyback; IAG trims interim loss
Fri, 30th Jul 2021 07:59
(Alliance News) - Stock prices in London are seen opening lower on Friday, pulling back from strong gains on Thursday and potentially giving up all weekly progress, though the latest slate of UK corporate earnings saw improved fortunes for lender NatWest, as it joined peer Barclays in announcing a stock buyback plan.
IG futures indicate the FTSE 100 index is to open 53.5 points, 0.8%, lower at 7,024.92. The blue-chip index closed up 0.9%, or 61.79 points at 7,078.42 on Thursday. For the week, the large-cap index has so far gained 0.7%.
NatWest posted a swing to first half profit, helped by an impairment release. IAG trimmed its first half loss despite revenue in the six months to June falling. The British Airways parent said second quarter revenue jumped by more than three-quarters, however.