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NatWest profits soar as it returns over £1.5bn to investors


By Dan McGrath

NatWest has seen its profit before tax increase by 18.4% year-on-year in its first half results, reaching £3.59bn.

The bank, which returned to full private ownership in May, added that its Q2 profit stood at £1.77bn, beating expectations set at £1.65bn


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Close Brothers sells Winterflood business for £104m

Close Brothers Group has sold its execution services and securities business, Winterflood Securities, to Marex Group for a deal worth £103.9m

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Marshalls lowers profit expectations

Marshalls has lowered its full-year profit expectations after citing “continuing uncertainty” in the macroeconomic environment

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Rightmove shares drop as revenue increases 10%

Rightmove has seen its share price drop by over 2.5%, despite its revenue increasing by 10% to £211.7m in the six months to 30 June

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ITV’s pre-tax profits sink by 44%

ITV has announced a 44% decline in pre-tax profits to £99m in its H1 results, as the broadcaster’s total advertising revenue fell by 7% to £824m.

The group’s total revenue was down 3% in the six months to 30 June against last year, reaching £1.85bn

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Vodafone Q1 revenue up after Three merger completes

Vodafone has posted a 3.9% jump in total group revenue to €9.4bn in Q1, after the telecoms group completed its merger with Three in the quarter

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AJ Bell reports record net inflows in Q3

AJ Bell has reported its highest ever quarterly net inflows in Q3, which totalled £2.5bn in the three months to 30 June

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BT announces CFO retirement

BT Group has announced that its chief financial officer (CFO), Simon Lowth, will retire from the business following nine years in the role

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Wetherspoons welcomes 5% jump in LFL sales

Wetherspoons has reported a 5.1% jump in like-for-like (LFL) sales for the three months to 20 July, against the same period last year

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Deloitte faces FRC probe over Glencore audits

Deloitte is facing an investigation from the Financial Reporting Council (FRC) over its statutory audits of mining firm, Glencore

Govt abolishes Ofwat to create new regulator

The Government has stated that it will scrap Ofwat and create a "new, single, powerful" regulator in the biggest overhaul of the UK water industry since privatisation, that will aim to cut water pollution in England’s rivers, lakes and seas
Albert Manifold appointed as bp chair

bp has appointed Albert Manifold as its new chair of the company, replacing Helge Lund
MONY Group reports ‘resilient financial performance’

MONY Group has reported what it has described as a "resilient financial performance", as its revenue increased by 1% year-on-year to £225.3m in the six months to 30 June


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