RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed price. Currency in GBp
224.60
+2.60 (+1.17%)
As of 2:31PM GMT. Market open.
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Previous close222.00
Open223.20
Bid224.60 x 0
Ask224.80 x 0
Day's range222.39 - 226.40
52-week range2.23 - 274.20
Volume4,651,764
Avg. volume20,138,721
Market cap27.163B
Beta (5Y monthly)1.15
PE ratio (TTM)13.61
EPS (TTM)16.50
Earnings date14 Feb 2020
Forward dividend & yield0.04 (1.80%)
Ex-dividend date15 Aug 2019
1y target est301.06
  • Forget buy-to-let! I’d invest £1k today in these 2 FTSE 100 stocks to retire early
    Fool.co.uk

    Forget buy-to-let! I’d invest £1k today in these 2 FTSE 100 stocks to retire early

    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.

  • Pound Swings With Bargain Hunters Curbing Pain of Rate-Cut Bets
    Bloomberg

    Pound Swings With Bargain Hunters Curbing Pain of Rate-Cut Bets

    (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 wshaw20@bloomberg.netTo contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, William ShawFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Forget that 6% yield! A FTSE 100 dividend stock I’m avoiding as the UK economy sinks
    Fool.co.uk

    Forget that 6% yield! A FTSE 100 dividend stock I’m avoiding as the UK economy sinks

    Royston Wild discusses the outlook for a FTSE 100 dividend stock in 2020. Is it worth the risk at current prices?

  • Fastest rise in City optimism in four-and-a-half years
    Yahoo Finance UK

    Fastest rise in City optimism in four-and-a-half years

    The financial services sector is more optimistic about the future for the first time since 2017, according to a new survey.

  • Forget buy-to-let! I’d buy these 2 FTSE 100 dividend stocks today for a passive income
    Fool.co.uk

    Forget buy-to-let! I’d buy these 2 FTSE 100 dividend stocks today for a passive income

    These FTSE 100 income champions could give you a passive income stream for life says, Rupert Hargreaves.

  • Reuters - UK Focus

    Former Barclays banker ordered out of bed after 2008 heart attack to help save bank

    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.

  • £260m boost for savers as watchdog cracks down on banks
    Yahoo Finance UK

    £260m boost for savers as watchdog cracks down on banks

    The Financial Conduct Authority plans to force banks to offer one interest rate for 'easy access' savings accounts to prevent them gradually cutting rates.

  • Why Dividend Hunters Love The Royal Bank of Scotland Group plc (LON:RBS)
    Simply Wall St.

    Why Dividend Hunters Love The Royal Bank of Scotland Group plc (LON:RBS)

    Dividend paying stocks like The Royal Bank of Scotland Group plc (LON:RBS) tend to be popular with investors, and for...

  • Building a Better Bank From Scratch
    Bloomberg

    Building a Better Bank From Scratch

    (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 britholtz3@bloomberg.netTo contact the editor responsible for this story: Sarah Green Carmichael at sgreencarmic@bloomberg.netThis 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.

  • Tens of thousands of bank jobs axed in 2019 — and more pain to come
    Yahoo Finance UK

    Tens of thousands of bank jobs axed in 2019 — and more pain to come

    Europe’s investment banks are getting to grips with stricter research rules, low or negative interest rates, and depressed market activity.

  • What to Watch: Markets shrug off impeachment, Bank of England audio hijacking, and RBS reshuffle
    Yahoo Finance UK

    What to Watch: Markets shrug off impeachment, Bank of England audio hijacking, and RBS reshuffle

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • RBS clears out top executives at investment bank NatWest Markets
    Reuters

    RBS clears out top executives at investment bank NatWest Markets

    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

    Premarket London: RBS Shakes up Management at NatWest Markets

    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.

  • Are these FTSE 100 stocks brilliant ISA buys or Christmas catastrophes?
    Fool.co.uk

    Are these FTSE 100 stocks brilliant ISA buys or Christmas catastrophes?

    Royston Wild talks about two FTSE 100 shares and their outlooks for 2020. Will they surge or sink?

  • Why I’d buy the Barclays and RBS share prices now the election is over
    Fool.co.uk

    Why I’d buy the Barclays and RBS share prices now the election is over

    All Barclays and Royal Bank of Scotland need, surely, is a negotiated Brexit and an end to uncertainty. This could be the year.

  • RBS, Lloyds shares hit by stress tests, new capital rules
    Reuters

    RBS, Lloyds shares hit by stress tests, new capital rules

    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.

  • FTSE 100 surges on Brexit and trade deal hopes
    Yahoo Finance UK

    FTSE 100 surges on Brexit and trade deal hopes

    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.

  • Mail, rail, water stocks turbo boost UK markets post election
    Yahoo Finance UK

    Mail, rail, water stocks turbo boost UK markets post election

    Stocks in companies that would have been dented by a Labour party win surged in the wake of Boris Johnson’s emphatic election victory.

  • What to Watch: European markets hit record high on trade deal optimism and Tory win
    Yahoo Finance UK

    What to Watch: European markets hit record high on trade deal optimism and Tory win

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Investing.com

    NewsBreak: Europe Stocks Surge on U.K. Poll. U.S. Trade, Fed Repo Plans

    Investing.com -- European stocks surged in early trading on Friday on a combination of the U.K. election result, signs of an imminent trade deal between the U.S. and China, and the Federal Reserve's plans to prevent a repeat of the year-end volatility seen in 2018.

  • Reuters - UK Focus

    UPDATE 2-Second U.S. law firm files London forex class action

    U.S law firm Hausfeld has filed a lawsuit in London against major banks over alleged foreign exchange (forex) rigging in a bid to take over a high-profile British class action from compatriot Scott & Scott. The new action, called FX Claim UK, seeks damages from Barclays, Citibank, RBS, JPMorgan , UBS and MUFG Bank over their role in forex spot trading cartels between 2007 and 2013 and was filed at London's Competition Appeal Tribunal (CAT) on Wednesday.

  • Reuters - UK Focus

    Small British banks want softer rules to help them compete

    Britain's mid-tier banks have asked the Bank of England to ease rules introduced after the financial crisis that they say hamper their efforts to compete with bigger rivals that have a tight grip on the market. Four banking industry sources said these so-called "challengers" have stepped up lobbying in meetings with the central bank and finance ministry officials in recent months to ease requirements for holding special debt aimed at shielding taxpayers from bailing out troubled banks. Smaller banks have long-argued that rules are stacked in favour of the "big six" lenders - RBS, Lloyds, Barclays, HSBC, Santander and Nationwide.

  • Reuters - UK Focus

    Santander UK latest bank to cut CEO pension perks

    Santander's UK chief executive Nathan Bostock will have his pension allowance cut from next year, as the bank becomes the latest to bow to investor pressure to rein in executive pension perks. Bostock's pension allowance - which was worth 588,000 pounds ($754,404.00) last year - will be reduced from 35% of his base pay to 22% in 2020 and to 9% in 2021, a source familiar with the matter said. Santander's move comes as rivals including HSBC and RBS have already cut executive pension perks this year to meet corporate governance guidelines, while others including Barclays and Lloyds have plans to do so.

  • If you’d invested £1,000 in the RBS share price a year ago, this is how much it would be worth today
    Fool.co.uk

    If you’d invested £1,000 in the RBS share price a year ago, this is how much it would be worth today

    An investment in RBS has been surprisingly lucrative over the past 12 months as this Fool explains.

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