NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

312.40p
   
  • Change Today:
    -1.10p
  • 52 Week High: 326.40
  • 52 Week Low: 176.15
  • Currency: UK Pounds
  • Shares Issued: 8,324m
  • Volume: 11,465,500
  • Market Cap: £26,003m
  • 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

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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 312.40p
Change Today -1.10p
% Change -0.35 %
52 Week High 326.40
52 Week Low 176.15
Volume 11,465,500
Shares Issued 8,324m
Market Cap £26,003m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.01% above the market average88.01% above the market average88.01% above the market average88.01% above the market average88.01% 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
84.56% above the market average84.56% above the market average84.56% above the market average84.56% above the market average84.56% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average
Income
93.44% above the market average93.44% above the market average93.44% above the market average93.44% above the market average93.44% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Growth
72.29% above the market average72.29% above the market average72.29% above the market average72.29% above the market average72.29% 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

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 4
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 05-Jun-2024

Time Volume / Share Price
16:17 25 @ 312.70p
15:52 0 @ 312.60p
15:39 2 @ 311.60p
16:35 2,367 @ 312.40p
16:35 20,484 @ 312.40p

RBS Key Personnel

CEO Paul Thwaite
Chair Richard Haythornthwait

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