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BUSINESS CLOSE: NatWest profits triple; 500k firms in financial distress


The FTSE 100 has closed down 0.2 per cent to 7,237.6, while the FTSE 250 ended the day 0.4 per cent lower at 23,106.6.

NatWest profits tripled in the third quarter of 2021, despite the bank setting aside cash to pay a fine for money laundering failings. 

More than half a million British businesses were in ‘significant financial stress’ in the third quarter of 2021, research from Begbies Traynor reveals. 

Meanwhile, the UK competition regulator has launched an initial investigation into the takeover of Morrisons by US private equity firm Clayton, Dubilier & Rice. 

 > If you are using our app or a third-party site click here to read Business Live

Natwest saw pre-tax profits of £1.1bn in the three months to the end of September, beating analyst expectations of £677m.

247newsaroundtheworld



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