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LONDON BRIEFING: NatWest promises GBP3 billion distributions in 2021


LONDON BRIEFING: NatWest promises GBP3 billion distributions in 2021
Fri, 30th Jul 2021 08:24
(Alliance News) - NatWest Group on Friday posted a swing to first half profit, helped by an impairment release.
The Edinburgh-based bank posted total income of GBP5.32 billion in the first half of 2021, down 8.9% from GBP5.84 billion a year earlier. It swung to a pretax profit of GBP2.51 billion from a GBP770 million loss a year earlier.
Profit was boosted by a net impairment release of GBP707 million, contrasting with a hit of GBP2.86 billion taken a year earlier.
While we see the potential for a more rapid recovery, we will continue to take an appropriate and conservative approach as the government schemes wind down and the economy reopens, Chief Executive Alison Rose commented. ....

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Xtract Resources PLC gains ground as drilling in Australia restarts ahead of forecast after heavy rains

Xtract Resources PLC gains ground as drilling in Australia restarts ahead of forecast after heavy rains
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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LONDON TRADING UPDATES: Castings Hails Return To Pre-Covid Levels


LONDON TRADING UPDATES: Castings Hails Return To Pre-Covid Levels
Fri, 26th Feb 2021 17:57
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Castings PLC - West Midlands-based iron caster - Notes monthly demand since November has been running ahead of pre-Covid levels but notes that while it has seen an improvement in demand production has been hampered by the need for more employees to self-isolate as UK Covid cases increased around the turn of the year. Assures however that this has now subsided and results for its financial year ending March 31 - which will be published on June 16 - are expected to be in line with market forecasts. ....

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