NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

307.20p
   
  • Change Today:
    -6.30p
  • 52 Week High: 326.40
  • 52 Week Low: 176.15
  • Currency: UK Pounds
  • Shares Issued: 8,725m
  • Volume: 49,535,286
  • Market Cap: £26,803m
  • RiskGrade: 62

Ireland, NatWest sell 10% stake in Permanent TSB

By Frank Prenesti

Date: Friday 02 Jun 2023

LONDON (ShareCast) - (Sharecast News) - The Irish government and UK bank NatWest have jointly sold a 10% stake in Permanent TSB for a combined €110m.


They sold 54.6 million shares in the Irish bank, having planned originally to sell a combined 6%.

The Irish government now holds 57.4% of PTSB while NatWest will keep an 11.7% stake.

PTSB was effectively nationalised in 2011 after Ireland's financial crash. The Irish government cut its 99.2% shareholding to 75% in a share offer in 2015 but had not sold any shares in the bank since.

NatWest took a 17% share in the bank as part of PTSB's recent acquisition of around €7.6bn of loans and assets from NatWest's Irish unit Ulster Bank, which is exiting the Irish market. That diluted the Irish government's holding to 62%.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 307.20p
Change Today -6.30p
% Change -2.01 %
52 Week High 326.40
52 Week Low 176.15
Volume 49,535,286
Shares Issued 8,725m
Market Cap £26,803m
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
18:28 10,300 @ 307.10p
16:11 5 @ 307.50p
16:38 5,169,812 @ 314.00p
16:38 5,169,812 @ 314.00p
16:13 26 @ 307.70p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

Top of Page