NatWest boosts investor payouts even as inflation gathers pace

Published by
Reuters UK

By Iain Withers LONDON (Reuters) -British bank NatWest raised its full-year guidance and made a bumper payout to shareholders on Friday after rising interest rates lifted its finances, despite runaway inflation threatening to crunch the UK economy. NatWest reported pretax profit up 13% at 2.6 billion pounds ($3.17 billion) for the six months to June 30, ahead of analyst forecasts. The bank said it would pay an interim dividend of 3.5 pence per share and a special dividend with share consolidation of 1.75 billion pounds, equivalent to 16.8 pence per share. Taken with an earlier buyback, the ban…

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