Cop26 sponsor NatWest named and shamed for links to Arctic oil and gas drillers September 27, 2021 NatWest is under scrutiny from campaigners due to it financing fossil fuel developers while sponsoring the Cop26 climate summit NatWest is the banking sponsor of the Glasgow conference — where countries will pledge to reduce carbon emissions as part of a wideranging global effort — but was still providing underwriting and loans to energy companies [...]
NatWest chief warns supply chain crisis curtails growth among army of small firms October 18, 2021 NatWest’s business banking boss has said the supply chain crisis is holding back growth among Britain’s army of small firms and warned over mounting problems if shortages persist. Andrew Harrison said poor availability of key goods and materials was “curtailing” growth in the sector, which comes at a vital time for small firms as they [...]
The taste of freedom May 31, 2023 Describing the most popular dish on her menu, Caroline Gardner leaves little to the imagination. That would be “our papadias which are like quesadillas but with crispy mashed potato and grilled onions. And then fried, but crispy on the outside and fluffy on the inside. And covered in salsa.” Caroline, with help from her mother [...]
Running a business is hard, but Tide makes it easier May 17, 2023 Claire Pedley, a 41-year-old mother of two, has one company with three phone lines. People will ring and expect to speak to a man “because obviously I don’t know anything about concrete”, she says. Claire likes to connect such callers to one of her alternative numbers and to hear the surprise in their voice when [...]
NatWest’s Ulster bank to sell €7.6bn of assets to Irish bank Permanent TSB July 23, 2021 NatWest’s Ulster Bank is set to sell €7.6bn of loans and 25 branches to Irish bank Permanent TSB, as the British bank backs out of Ireland. Permanent TSB (PTSB) and Ulster Bank’s owner, NatWest, have signed a deal that will see between 400 and 500 Ulster Bank employees’ transfer over. The proposal will also have [...]
Huge spike in recruitment as permanent jobs up 90 per cent year-on-year May 13, 2021 The number of permanent roles available in April was up 90 per cent year-on-year, as the UK got ready to emerge from more than a year of falling in and out of coronavirus restrictions. Permanent vacancies were up 90 per cent year-on-year last month, while contract roles were up 83 per cent, according to data [...]
UK Government sell shares of bailed-out NatWest for £1.1bn as stake shrinks to 55 per cent May 11, 2021 UK Government sell shares of bailed-out NatWest for £1.1bn as stake shrinks to 55 per cent
NatWest to launch first eco-friendly loans as part of new £100bn green funding pot October 13, 2021 NatWest said this morning it plans to bring £100bn to green funding to the market by the end of 2025 and the City bank will also roll out its first eco-friendly business loans. The bank stressed its strategy is to help small firms capitalise on the drive to tackle climate change. The pledge sees the [...]
NatWest beats forecasts as bank returns to profit in the first quarter April 29, 2021 NatWest returned to profit in the first quarter of the year after releasing cash it had set aside to cover bad loans due to the pandemic. The bank reported a pre-tax profit of £946m for the first three months of the year, beating an average analyst forecast of £536m. It exceeds the £519m pre-tax profit [...]
NatWest notches up £2.5bn in ‘resilient’ first half, as lending rises July 30, 2021 NatWest roped in some 2.5bn in operating profit before tax in the past six months, swinging from a loss of £770m in the first half of 2020. The British bank’s net lending rose by £2.2bn to £362.7bn in the six months to 30 June, while UK and RBSI retail and commercial businesses pushed lending to [...]