NatWest Group plc (NYSE:NWG) Q1 2024 Earnings Call Transcript April 26, 2024 NatWest Group plc beats earnings expectations. Reported EPS is $0.26, expectations were $0.23. NatWest Group plc isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome […]
(Bloomberg) -- The UK government should use the proceeds from selling its £7.5 billion ($9.4 billion) share in NatWest Group Plc to set up a sovereign wealth fund to help revive the country’s ailing equity market, according to Charles Hall, head of research at Peel Hunt Ltd.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesFed to Signal Delay of Interest-Rate CutsThe Ozempic Effect: How a Weight Loss
Britain's plans to sell shares in NatWest bank to the public this summer will be a test of a long-awaited upswing in the UK stock market that saw the FTSE-100 hit a record high this week - months after similar milestones for benchmark indexes elsewhere. Finance Minister Jeremy Hunt hopes the sale of government-owned stock in the bailed-out bank, Britain's biggest casualty of the 2008 global financial crisis, will spur Britons to invest more in UK-listed companies. In November, Hunt evoked memories of Margaret Thatcher by saying it was "time to get Sid investing again", a reference to the marketing campaign the former prime minister launched for the privatisation of British Gas in the 1980s.