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    NWG   GB00BM8PJY71

NATWEST GROUP PLC

(NWG)
  Report
Delayed London Stock Exchange  -  11:35 2022-10-03 am EDT
227.00 GBX   +0.49%
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Inflation reading adds pressure on the BoE

06/22/2022 | 05:05am EDT

The FTSE 100 was down 1.3% this morning after new data released today showed inflation remained at a 40-year high in May. The consumer price index reached 9.1% year-on-year, lifted by higher food and energy prices. This is slightly higher than 9% increase recorded in April, but remains in line with analyst expectations.

Consumer prices rose by 0.7% month-on-month in May. This was slightly above the 0.6% forecast by economists, but well below the 2.5% rise between April and March, which signals that inflation may be starting to slow.

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) reached 7.9% annually, up from 7.8% in April.

“Rising prices for food and non-alcoholic beverages, compared with falls a year ago, resulted in the largest upward contribution to the change in both the CPIH and CPI 12-month inflation rates between April and May 2022 (0.17 percentage points for CPIH),” the Office for National Statistics said.

The latest inflation readings add more pressure on the Bank of England to raise interest rates.

On markets, miners were the biggest drag on the FTSE 100, falling 3.0% due to lower metals prices. Energy stocks also dipped, due to worries about recession.

NatWest Group gained 1.4% to top gains after the government said it was extending a trading plan selling part of its shareholding in the lender by another 12 months.

 

Things to read today:

Private equity’s sell-to-yourself bandwagon is a wild ride (Financial Times)

How to Stop Russia’s Plan for Global Food Chaos (Wall Street Journal)


© MarketScreener.com 2022
All news about NATWEST GROUP PLC
09/30UK 10-year bonds see record monthly fall after fiscal upset
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Analyst Recommendations on NATWEST GROUP PLC
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Financials
Sales 2022 12 652 M 14 303 M 14 303 M
Net income 2022 3 324 M 3 758 M 3 758 M
Net Debt 2022 - - -
P/E ratio 2022 6,78x
Yield 2022 13,3%
Capitalization 21 808 M 24 654 M 24 654 M
Capi. / Sales 2022 1,72x
Capi. / Sales 2023 1,60x
Nbr of Employees 58 900
Free-Float 52,0%
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Technical analysis trends NATWEST GROUP PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 227,00 GBX
Average target price 369,19 GBX
Spread / Average Target 62,6%
EPS Revisions
Managers and Directors
Alison Marie Rose-Slade Chief Executive Officer & Director
Katie Murray Chief Financial Officer & Executive Director
Howard John Davies Chairman
Simon Anthony McNamara Chief Administrative Officer
Robert Andrew Joseph Gillespie Independent Non-Executive Director
Sector and Competitors