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    NWG   GB00BM8PJY71

NATWEST GROUP PLC

(NWG)
  Report
Delayed London Stock Exchange  -  11:35 2022-11-25 am EST
256.00 GBX   -1.04%
11/25Natwest : INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION - Form 6-K
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11/25All eyes on Black Friday sales
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11/25Natwest : Director Declaration - Form 6-K
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UK finance minister to meet banks after market chaos - Sky News

10/05/2022 | 07:51am EST

LONDON, Oct 5 (Reuters) - British finance minister Kwasi Kwarteng is expected to meet major high street banks later this week, Sky News reported on Wednesday, saying Barclays, Lloyds Banking Group and NatWest were among those due to attend.

The Sky report said that the meeting was planned for Thursday, and that Kwarteng was expected to "quiz lenders on their plans" as the market turmoil following his mini-budget led to higher mortgage rates.

The budget last month caused wild swings in the sterling funding markets, which determine what mortgage rates they offer to homeowners, as investors fretted over how the government would fund its plans.

Financial services provider Moneyfacts, which last week estimated that a record 935 mortgage products were pulled overnight, said on Wednesday that an average two-year fixed rate mortgage was now up to 6.07%, compared to 2.25% a year ago, while the five year rate rose to 5.97% from 2.55%.

Last week Kwarteng met finance executives including those from Wall Street banks JPMorgan and Bank of America to reassure them about the budget and emphasise the government's "clear commitment to fiscal discipline".

The Treasury did not immediately respond to Reuters' request for comment on the Sky report. (Reporting by Muvija M, editing by William James)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -0.23% 159.06 Delayed Quote.-14.94%
LLOYDS BANKING GROUP PLC 0.81% 46.31 Delayed Quote.-3.12%
NATWEST GROUP PLC -1.04% 256 Delayed Quote.5.32%
All news about NATWEST GROUP PLC
11/25Natwest : INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIB..
PU
11/25All eyes on Black Friday sales
MS
11/25Natwest : Director Declaration - Form 6-K
PU
11/25RBC Downgrades NatWest to Sector Perform from Outperform; Lowers PT
MT
11/25Analyst recommendations: Alimentation Couche-Tard, HSBC, Johnson..
MS
11/25LONDON BROKER RATINGS: UBS cuts Man; RBC prefers Lloyds to NatWest
AN
11/25LONDON BRIEFING: SSE sells transmission stake; Devro accepts takeover
AN
11/24Natwest : Director Declaration
PU
11/23Natwest : Dividend Declaration - Form 6-K
PU
11/21U.S. Supreme Court rebuffs RBS ex-banker's whistleblower award bid
RE
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Analyst Recommendations on NATWEST GROUP PLC
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Financials
Sales 2022 12 863 M 15 548 M 15 548 M
Net income 2022 3 132 M 3 785 M 3 785 M
Net Debt 2022 - - -
P/E ratio 2022 8,32x
Yield 2022 10,7%
Capitalization 24 594 M 29 728 M 29 728 M
Capi. / Sales 2022 1,91x
Capi. / Sales 2023 1,71x
Nbr of Employees 60 000
Free-Float 52,3%
Chart NATWEST GROUP PLC
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Technical analysis trends NATWEST GROUP PLC
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 256,00 GBX
Average target price 352,75 GBX
Spread / Average Target 37,8%
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