NatWest Shares Fade After 4% Jump in Broader London Drop
NatWest Group shares dropped 1.18% to 655.2 pence after opening in London, off from Monday’s close at 663 pence, while the FTSE 100 fell 0.91%. Lloyds lost 1.10% and Barclays was down 0.74%. British banks in general saw selling, not just NatWest. Banks pared Monday’s 3.95% jump after shares in NatWest, Barclays and Lloyds all gave up ground, having risen more than 3% apiece as lenders powered the FTSE 100 higher. Some investors had been reassured by signs of a fast power handover following Prime Minister Keir Starmer’s resignation announcement. “That timetable at least minimises the uncertainty for investors,” Chris Beauchamp, chief market analyst at IG Group, said.