|Bid||218.00 x 0|
|Ask||229.00 x 0|
|Day's range||221.09 - 228.10|
|52-week range||2.23 - 274.20|
|Beta (5Y monthly)||1.15|
|PE ratio (TTM)||13.54|
|Forward dividend & yield||0.04 (1.83%)|
|Ex-dividend date||15 Aug 2019|
|1y target est||N/A|
Britain's regulators should have a formal role after Brexit to keep the financial sector globally competitive and less prone to "gold-plating" international norms, an industry think tank said on Thursday. The International Regulatory Strategy Group (IRSG) said new thinking and targeted reforms were required after Britain leaves the European Union on Jan. 31.
Britain's finance ministry has canvassed banks for ideas to boost the country's "left-behind" northern towns and cities, weeks after the governing Conservatives won an election promising to boost the regions outside London. The call comes as figures show lending by banks to small and medium sized businesses has shrunk rapidly in the north of England. Treasury officials have requested policy ideas for fuelling growth in the north of England in meetings with banks and finance industry trade bodies including since the new year, banking industry sources told Reuters.
Britain's markets watchdog told financial advisers on Tuesday they face a two-year crack down to stop unsuitable advice, investment scams and excessive fees. The Financial Conduct Authority (FCA) said in a "Dear CEO" letter to heads of financial advice firms it regulates that the sector has a valuable role to play. "However, we are seeing an increasing number of cases where the actions of firms are resulting in significant harm to consumers’ financial well-being," said Debbie Gupta, the FCA's director of financial advice supervision, in the letter.
The chief executive of Royal Bank of Scotland's digital bank Mark Bailie is leaving the state-backed bank within months, Sky News reported on Tuesday. Bailie, an RBS veteran and former chief operating officer of the bank, led development of digital bank Bó which only launched officially in November last year. RBS did not immediately respond to a request for comment.
Rupert Hargreaves explains why he believes these FTSE 100 blue-chips could be undervalued by as much as 100%.The post I think these 2 undervalued FTSE 100 dividend stocks could double appeared first on The Motley Fool UK.
Roland Head explains why he sees the RBS share price as one of the top income buys in the FTSE 100 (INDEXFTSE: UKX).The post No savings at 50? 2 FTSE 100 dividend stocks I'd buy for a passive income appeared first on The Motley Fool UK.
These two FTSE 100 (INDEXFTSE:UKX) shares could offer long-term return potential in my opinion.The post Forget buy-to-let! I’d invest £1k today in these 2 FTSE 100 stocks to retire early appeared first on The Motley Fool UK.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.A tug-of-war between bargain hunters and pound bears is playing out.On the one hand, increased speculation of an imminent interest-rate cut is putting pressure on sterling, and on the other, five straight days of declines to $1.2955 has tempted investors to buy the dip. Prime Minister Boris Johnson also gave bulls a boost when he said it’s likely his government would secure a trade deal with the European Union before the end of the year.“There are still a lot of optimists in the market who take the view that reduced political uncertainty will shore up confidence, investment and economic activity in the U.K.,” said Jane Foley, head of FX strategy at Rabobank. “We would not count ourselves in this camp.”The pound gained as much as 0.2%, erasing losses of as much as 0.3% against the dollar. It was down 0.1% at $1.2983 as of 1:14 p.m. in London.The cost of hedging pound swings into the BOE decision remains subdued. Three-week implied volatility, a measure of expected pricing which covers the announcement, rose by 18 basis points to 6.84% yet remains near cycle lows.We’re on a BreakThe respite, however, may be temporary. The nation is set to announce inflation data Wednesday, which, if weak, could further fuel speculation that a Bank of England rate cut is imminent. It would follow data on Monday that showed the economy shrank in November, casting doubt over whether there was any growth at all in the fourth quarter.NatWest Markets, a division of Royal Bank of Scotland Group Plc, earlier brought forward its expectations for a 25 basis-point cut to Jan. 30, from May. Credit Agricole SA pointed out that more than half the members of the central bank’s Monetary Policy Committee are ready to support a reduction if U.K. data doesn’t improve.Policy makers Gertjan Vlieghe, Mark Carney and Silvana Tenreyro, signaled support for a cut. The next rate setter due to speak publicly is Michael Saunders on Wednesday morning in Northern Ireland. Consumer price index data for December is also due Wednesday.“More dovish rhetoric from Saunders, as well as potential downside surprises from the U.K. CPI could add to the headwinds for the pound,” Credit Agricole strategists including Valentin Marinov said in a note. “Looking ahead, investors will also focus on the December retail sales data, looking for any evidence that political uncertainty has weighed on domestic demand.”The pound rose 0.1% to 85.61 pence per euro, after declining as much 0.3% earlier. The yield on 10-year government bonds slipped a third day to 0.734%, while the spread against their German peers narrowed to the tightest point since 2018.What Bloomberg Intelligence Says“Gilts face further tightening pressure against bunds with increased chances of a BOE rate cut, while the European Central Bank looks likely to stay on hold this year amid its review of negative rates and with inflation being stable”\-- Tanvir Sandhu, Chief Global Derivatives Strategist(Rewrites throughout, adds comment from Rabobank.)\--With assistance from Dana El Baltaji and Vassilis Karamanis.To contact the reporter on this story: William Shaw in London at email@example.comTo contact the editors responsible for this story: Dana El Baltaji at firstname.lastname@example.org, William ShawFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Royston Wild discusses the outlook for a FTSE 100 dividend stock in 2020. Is it worth the risk at current prices?
These FTSE 100 income champions could give you a passive income stream for life says, Rupert Hargreaves.
A senior former Barclays banker told a London fraud trial on Thursday that he was ordered out of bed after a heart attack to help save the lender at the height of the credit crisis. Roger Jenkins is on trial with two other former Barclays executives over how the bank secured around 4.0 billion pounds ($5.2 billion) in rescue financing from the Gulf state in 2008. Jenkins, who was recommended for a 25 million pound bonus for arranging the Qatari investment over June and October 2008, was briefly rattled when prosecutor Edward Brown asked whether he had merely sought to look after his own interests.
The Financial Conduct Authority plans to force banks to offer one interest rate for 'easy access' savings accounts to prevent them gradually cutting rates.
Dividend paying stocks like The Royal Bank of Scotland Group plc (LON:RBS) tend to be popular with investors, and for...
(Bloomberg Opinion) -- How does an older bank unlock the value of a nimbler, faster-growing division? That was the challenge facing Bruce Van Saun, then CFO at the Royal Bank of Scotland (RBS). He had joined the storied firm in 2009, after their £500 billion bailout of loans and guarantees from the U.K. government. Within RBS, the Citizens group in the U.S. was growing quickly by appealing to commercial clients and middle market companies. But the skills and personnel needed to achieve success with what was effectively a start-up are very different from the assets needed to succeed as a megabank. In an unusual step, Van Saun decided to IPO the Citizen’s division. These types of transactions typically involve a sale or a (majority-owned) spinoff. But Van Saun wanted to shake up the culture at the new firm, and an IPO would allow him to recruit more entrepreneurial sorts of bankers that might not be attracted to a sleepy, foreign-owned, recently bailed-out bank. Citizens Financial Group (CFG) listed its initial public offering in 2014; today, it has $164.4 billion in assets, 2,900 ATMs and 1,100 branches in 11 states. The bank has grown into the 13th largest bank in America. Van Saun is its Chairman and Chief Executive Officer. He was named American Banker’s 2019 “Banker of the Year” and sits on the Federal Reserve Bank of Boston Board.The bank (among other things) finances most iPhone purchases or monthly leases.His favorite books can be seen here; a transcript of our conversation is available here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Overcast, Spotify, Google, Bloomberg, and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week, we speak with Brian Kelly, better known as “The Points Guy.” Kelly took an interest in credit card and airline points, and turned it into a substantial media business, with 60 employees and 7 million unique visitors a month. To contact the author of this story: Barry Ritholtz at email@example.comTo contact the editor responsible for this story: Sarah Green Carmichael at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Europe’s investment banks are getting to grips with stricter research rules, low or negative interest rates, and depressed market activity.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
Royal Bank of Scotland has cleared out the top management team at its under-performing investment bank NatWest Markets, in one of the first moves to shake up the state-backed bank's executive team by new Chief Executive Alison Rose. NatWest Markets' CEO Chris Marks and CFO Richard Place have both stepped down, the lender said in a statement on Thursday. An internal and external search has begun for their replacements, the bank added.
Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Thursday, 19th December. Please refresh for updates.
All Barclays and Royal Bank of Scotland need, surely, is a negotiated Brexit and an end to uncertainty. This could be the year.
Shares in Lloyds and Royal Bank of Scotland tumbled on Tuesday after failing to impress in the 2019 stress test of Britain's biggest banks, while new capital rules are expected to hit their multi-billion pound investor payout plans. The UK's largest domestic banks both passed the Bank of England's annual assessment of balance sheet strength but plans to double a 100 basis point capital buffer designed to protect lenders in a depressed economy could put both banks' 2020 share buyback plans in jeopardy, analysts said. The BoE said the financial system was sufficiently well capitalised to endure a "no-deal" Brexit but some economists suggested Britain's imminent exit from the European Union could still crimp credit demand and lead to a spike in bad debts.
Stocks jumped on Monday after the US and China agreed the text of a 'Phase One' trade deal and following a decisive result in last week's UK election.