Royal Bank of Scotland (#RBS) says will take £3.6bn pension & PPI one off hits
- 2016-01-27 01:21:58
UK 19:24 Sunday, 4 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Hello Share Fans. As most shares seem to be falling these days most of the time, it’s probably not the time to bring you any red-hot tips. Even the best of companies wobble when the tide goes out.
Banking isn’t necessarily a sector that I’d be rushing to take positions in at the present time, given the state of the world economy, but Royal Bank of Scotland (RBS) still interests me at current levels.
Hello Share Twirlers. So George of the Treasury Jungle has decreed that its Royal Bank of Scotland (RBS) shares are to be sold off, probably at a loss to the tax-payer. You’ll recall that the shares have to go for about £5 each to recoup the money - that’s nearly £1.50p more than the present market price.
The Depression era US President Franklin Roosevelt is probably not often mentioned on this site but his dictum that ‘there is nothing to fear but fear itself’ is inadvertently one of the best pieces of stock market advice you are likely to read. Let’s consider this in respect of some of Britain’s best loved bank shares Royal Bank of Scotland (RBS) and Lloyds (LLOY).
Although it is evident that there have been and remain rather questionable fundamentals behind RBS (RBS), the shares have rather outperformed over the recent past. It would appear that the current position on the daily chart shows a stock which is struggling.
Hello Share Tweekers. I recently wrote about RBS (RBS), the old Royal Bank of Scotland, observing that the share price now is still only 4% of its previous high. That previous high was over £9 and was reached just before the bank crisis of 2007/8.
Hello Share Shapers. While composing an essay about RBS (RBS), I found myself writing that their shares are now only worth 4% of what they used to fetch before the great credit crunch of 2008.
Hello Share Scrunchers. I read in my paper that a woman who bent down to kiss her guide dog good night, and banged her bonce on a coffee table, can now see again. How's that for a rare good news story!
On Friday we had the preliminary interim results from the Royal Bank of Scotland (RBS.) Whereas one might have might have expected something slow and vaporous, they were instead robust and tangible enough to push the share price to rise not so much like the slowly rising ghost from the deep grave of its former self but more like a rocket on Guy Fawke's night. The numbers which lit the touch paper of the market’s hopes and best expectations were the reported figures for profits before tax and the operating profits during the first half.
The market greeted the Royal Bank of Scotland (RBS) profits warning bullishly pushing the share price upwards by 3.5% to finish the day at nearly 344p a share. What?
