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.
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LONDON TRADING UPDATES: Castings Hails Return To Pre-Covid Levels
Fri, 26th Feb 2021 17:57
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Castings PLC - West Midlands-based iron caster - Notes monthly demand since November has been running ahead of pre-Covid levels but notes that while it has seen an improvement in demand production has been hampered by the need for more employees to self-isolate as UK Covid cases increased around the turn of the year. Assures however that this has now subsided and results for its financial year ending March 31 - which will be published on June 16 - are expected to be in line with market forecasts.
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