FTSE slides as Natwest sinks following quarterly results

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

UK stocks slipped Friday, paced by a decline in Natwest following a disappointing trading update.

At 09:51, the benchmark FTSE 100 index was down 0.36%, or 26 points, at 7,223.25.

High-street bank Natwest reported that operating profit more than trebled in the third quarter as income climbed. The bank reported a £294 million litigation and conduct charge during the period, sending its shares more than 3% lower to 222.10 pence.

Technology company Computacenter said it remained on track to report record full-year profit as performance in the third quarter was 'marginally above' expectations.

Food business Hilton Food said trading from 19 July to date, was in line with board's expectations, driven by growth in Australia and Asia Pacific.

Superyacht maintenance and supply company GYG said that Harwood Capital had walked away from plans to make an offer for the company.

Real estate company Grit Real Estate Income reported a fall in annual earnings, driven by decrease in the value of its property portfolio.