RBS Not Yet Strong, Simple or Fair But It Has Plans

Royal Bank Scotland Grp RBS is on target to meet all of its financial targets for 2017. Third quarter adjusted income rose by 5.6% and for the nine months to date by 7.5%. Basic earnings per share rose from a loss of 3.9p last year to a positive 5.7% this year whilst over 9 months […]

Corporate news review Friday 28th July 2017

Barclays BARC – Reports a 13% increase in half-year PBT to £2,341m reflecting materially lower non-core losses of £647m (H116: £1,904m), while core PBT fell 25% to £2,988m impacted by PPI charges of £700m (H116: £400m). EPS came in at 11.8p, while tangible NAV fell to 284p (Dec 2016: 290p) as profit from continuing operations […]

Boom Time For London Hotels

Intl. Con. Airlines IAG saw first quarter profit after tax fall by 74% as passenger revenue declined by 4.2% and total revenue by 2.8%. But this did not stop it being a record breaking first quarter if you decide to select operating profit before exceptionals as your measure That comes in at £170m. compared to […]

Rightmove Outstanding

Rightmove RMV describes its 2016 performance as outstanding and is raising its final dividend to 27p per share to give a total increase in the yearly dividends of 19%. Revenue and underlying operating profit both rose by 15%, whilst basic earnings per share were up by 18%. Strong traffic growth of 10% meant that visitors […]

Now RBS Abandons Use Of English

Royal Bk Scot Grp RBS No wonder the banks were castigated recently for their inability to communicate in anything resembling English and given a fairly stern warning of the real dangers of insisting on sticking to jargon. As is usual with banks RBS did not listen and obviously does not believe that there any dangers […]

RBS Admits It Is Not A Fair Bank – Not Yet

Royal Bank of Scotland Group RBS adds to this weeks banking woes with fairly disastrous 1st quarter results, raising the question as to whether bankers really are fit for purpose when it comes to running banks. Firstly RBS does not know why it has lost the battle to divest itself of Williams & Glyn by December […]