logo-loader

NatWest Group results should show benefit from robust mortgage market

Last updated: 06:05 30 Jul 2021 BST, First published: 11:05 29 Jul 2021 BST

Essentra PLC -

International Consolidated Airlines SA and NatWest Group are the big guns issuing updates on Friday and there’s little doubt which will sound the more optimistic.

Banking giant NatWest is also issuing second-quarter results and the expectation is for an adjusted profit before tax of some £935mln and CET1 – a measure of balance street strength - of 18.1%.

The government recently indicated it would sell off another chunk of shares in the nationalised bank, which could either mean things are going well or the government is cashing in while it can.
Given the strength of the housing market and the relatively low level (so far) of loan defaults, it is probably more a case of the former.

Half-year results from British Airways owner IAG are unlikely to make for great reading as coronavirus travel restrictions continue to be a millstone around the neck of the travel industry.

However, investors will likely be hoping the easing of restrictions, albeit slightly, will lift the firm’s fortunes across the rest of the year, so the outlook statement will therefore be crucial as well as the group’s ongoing cost management.

With this in mind, analysts at UBS are predicting the focus to be on forward bookings and the impact of the UK’s traffic light system, as well as on the current rate of cash burn.

Significant announcements expected

Trading announcements: Paragon Banking Group PLC (LSE:PAG), Kerry Group PLC

Finals: Victoria PLC (AIM:VCP

Interims: NatWest Group PLC (LSE:NWG), International Consolidated Airlines Group (LSE:IAG) SA, Rightmove PLC (LSE:RMV), Pearson PLC (LSE:PSON), Essentra PLC (LSE:ESNT), IMI PLC (LSE:IMI), Intertek Group (LSE:ITRK) PLC, Jupiter Fund Management PLC (LSE:JUP), Man Group (LSE:EMG) PLC

Economic data: US personal incomes, US inflation expectations

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

2 hours, 52 minutes ago