NWG Stock Recent News

Ahead of the NatWest Group PLC (LSE:NWG) third-quarter results next Friday, 25 October, shares in the lender are the best-performing among its FTSE 100 peer group this year.  At its last set of numbers, the high street lender raised its full-year income forecast after beating expectations on all its key targets in the first half of the year.

NatWest Group PLC (LSE:NWG) has nudged up its mortgage rates, joining a small but growing group of lenders upping rates despite expectations that the Bank of England will cut the base rate next month. The FTSE 100-listed bank announced that two-year and five-year fixed and tracker rate mortgages will increase by 0.3% later this week.

Former NatWest Group PLC (LSE:NWG) boss Alison Rose has been hired by City law firm Mishcon de Reya to advise on its diversity, equity and inclusion strategy after overseeing the debanking of controversial political figure Nigel Farage. Farage, also the former leader of the UK Independence Party (UKIP), last year produced evidence that NatWest's private banking business Coutts decided to close his account partly because his political views went against Coutts' values.

Former NatWest CEO Alison Rose has joined Mishcon de Reya as an advisor, the British law firm said on Tuesday, with a focus on its equity, diversity and inclusion strategy.

NatWest Group PLC's (LSE:NWG) recent rerating has been achieved without significant levels of growth in the UK economy, for which it is largely a proxy, notes Peel Hunt. But with the UK economy seemingly picking up that might be about the change.

NatWest Group PLC (LSE:NWG) has announced a second cut to mortgage rates in a month, this time targeting business deals, as lenders continue to grapple for customers. Cuts of up to 19 basis points were unveiled by the bank at the start of the week, before they hit the market on Tuesday.

Britain's new government has sold off another chunk of shares in NatWest Group PLC (LSE:NWG), taking the public's stake in the bank from 18.99% to 17.97%. This means the government's stake has been cut by more than half over the course of 2024, ahead of plans for a full exit over the coming year.

NatWest Group PLC (LSE:NWG), HSBC Holdings PLC (LSE:HSBA) and TSB Banking Group (LSE:TSB) Bank's apps have all be struck with outages on Friday morning, leaving customers unable to make payments. According to website DownDetector, the issue with NatWest's online services peaked just after seven o'clock on Friday morning, with over 1,100 people reporting outages.

British lender NatWest Group is investigating some issues with payment on its banking app, it said on social media platform X in response to some customer complaints.

NatWest (NWG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.