NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

308.00p
   
  • Change Today:
    -5.50p
  • 52 Week High: 326.40p
  • 52 Week Low: 176.15p
  • Currency: UK Pounds
  • Shares Issued: 8,725m
  • Volume: 6,174,716
  • Market Cap: £26,873m
  • RiskGrade: 62

NatWest to close 43 branches

By Michele Maatouk

Date: Thursday 13 Oct 2022

LONDON (ShareCast) - (Sharecast News) - NatWest said on Thursday that it was closing 43 branches across the UK as it looks to move retail banking online.
Just six jobs are expected to be at risk from the closures, which are due to take place between January and March next year.

NatWest noted that the vast majority of its retail banking services can be done online.

A NatWest spokesperson said: "As with many industries, most of our customers are shifting to mobile and online banking, because it is faster and easier for people to manage their financial lives.

"We understand and recognise that digital solutions aren't right for everyone or every situation, and that when we close branches we have to make sure that no-one is left behind.

"We take our responsibility seriously to support the people who face challenges in moving online, so we are investing to provide them with support and alternatives that work for them."

Back in February, NatWest announced the closure of 32 branches, including 11 Royal Bank of Scotland branches.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RBS Market Data

Currency UK Pounds
Share Price 308.00p
Change Today -5.50p
% Change -1.75 %
52 Week High 326.40p
52 Week Low 176.15p
Volume 6,174,716
Shares Issued 8,725m
Market Cap £26,873m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.90% above the market average86.90% above the market average86.90% above the market average86.90% above the market average86.90% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Price Trend
84.25% above the market average84.25% above the market average84.25% above the market average84.25% above the market average84.25% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Income
93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
71.27% above the market average71.27% above the market average71.27% above the market average71.27% above the market average71.27% above the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 3
Sell 1
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBS Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 10-Aug-23
Paid 29-Apr-24 15-Sep-23
Amount 11.50p 5.50p

Trades for 23-May-2024

Time Volume / Share Price
11:20 2,242 @ 307.95p
11:19 29 @ 308.00p
11:19 1 @ 307.90p
11:19 62 @ 308.00p
11:18 2,286 @ 307.90p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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