1h ago
03.21 EDT
NatWest shares drop 16%
Ouch! Shares in NatWest have tumbled by 16% at the
start of trading in London.
Traders are
concerned that the bank has downgraded its profit outlook in its results this
morning (see here) despite also growing profits in the last quarter.
This puts
NatWest at the bottom of the FTSE 100 leaderboard, and on track for their
biggest one-day drop since June 24, 2016, when the UK voted to leave the
European Union in the Brexit referendum.
Other bank
shares are also weakening, with Lloyds down 3.5% and Barclays losing 2%.
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