NatWest faces Β£140m hit from Iran war as UK growth slows and inflation rises
Profits ahead of expectations but almost half of Β£283m impairment charge follows forecast reassessmentBusiness live β latest updatesNatWest said the economic fallout from the conflict in the Middle East could cost it Β£140m amid slowing growth and rising inflation even as it reported profits ahead of expectations.Overall, the FTSE 100 lender booked a Β£283m impairment charge and said that almost half of that was because of a reassessment of its economic forecast to βreflect increased geopolitical risk and weaker equity marketsβ. Continue reading...
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