NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

308.10p
   
  • Change Today:
    -5.40p
  • 52 Week High: 326.40p
  • 52 Week Low: 176.15p
  • Currency: UK Pounds
  • Shares Issued: 8,725m
  • Volume: 6,124,452
  • Market Cap: £26,882m
  • RiskGrade: 62

NatWest to buy 85% of Cushon for £144m

By Michele Maatouk

Date: Monday 13 Feb 2023

LONDON (ShareCast) - (Sharecast News) - NatWest has agreed to buy 85% of workplace savings and pensions fintech business Cushon for £144m.
The bank said the acquisition will enable it to expand into the workplace savings space.

Chief executive Alison Rose said: "By combining the scale, experience and expertise of NatWest Group with Cushon's innovative workplace savings and pensions products, this acquisition allows us to enhance our services to commercial customers and support the financial wellbeing of their staff.

"Core to our purpose-led strategy is supporting customers at every stage of their lives, and by entering this fast-growing market we are equipping ourselves with the tools to develop a proposition which responds to our customers' changing needs whilst delivering value-driven sustainable growth and returns."

The remaining 15% of Cushon will be retained by the company's management.

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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 308.10p
Change Today -5.40p
% Change -1.72 %
52 Week High 326.40p
52 Week Low 176.15p
Volume 6,124,452
Shares Issued 8,725m
Market Cap £26,882m
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
11:17 39 @ 308.10p
11:17 1,394 @ 308.00p
11:17 87 @ 308.00p
11:17 1,394 @ 308.00p
11:17 1,606 @ 308.00p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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