The group reported an improved underlying operating performance once again masked at the reported level by additional non-recurring charges. Management warned that the fourth quarter will be impacted by larger-than-previously-envisaged charges and that the group will not meet its 2019 financial objectives. It also confirmed that it will miss the deadline of divesting Williams & Glyn by end 2017 as set by the European Commission with unknown consequences. The capital position further impro
02 Nov 2016
Improving underlying performance in a more uncertain environment
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Improving underlying performance in a more uncertain environment
NatWest Group Plc (NWG:LON) | 276 8.3 1.1% | Mkt Cap: 24,043m
- Published:
02 Nov 2016 -
Author:
David Grinsztajn -
Pages:
3
The group reported an improved underlying operating performance once again masked at the reported level by additional non-recurring charges. Management warned that the fourth quarter will be impacted by larger-than-previously-envisaged charges and that the group will not meet its 2019 financial objectives. It also confirmed that it will miss the deadline of divesting Williams & Glyn by end 2017 as set by the European Commission with unknown consequences. The capital position further impro