NatWest faces ÂŁ140m hit from Iran war as UK growth slows and inflation rises
Profits ahead of expectations but almost half of ÂŁ283m impairment charge follows forecast reassessmentBusiness live â latest updatesNatWest said the economic fallout from the conflict in the Middle East could cost it ÂŁ140m amid slowing growth and rising inflation even as it reported profits ahead of expectations.Overall, the FTSE 100 lender booked a ÂŁ283m impairment charge and said that almost half of that was because of a reassessment of its economic forecast to âreflect increased geopolitical risk and weaker equity marketsâ. Continue reading...
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