NatWest faces £140m hit from Iran war as UK growth slows and inflation rises
Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessment Business live – latest updates NatWest said the economic fallout from the conflict in the Middle East could cost it £140m amid slowing growth and rising inflation even as it reported profits ahead of expectations. Overall, the FTSE 100 lender booked a £283m impairment charge and said that almost half of that was because of a reassessment of its economic forecast to “reflect increased geopolitic
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NatWest has reported a 12% year-on-year increase in operating profits to £2bn in the first three months of the year, up from £1.8bn in the same period last year. Photograph: Bloomberg/GettyView image in fullscreenNatWest has reported a 12% year-on-year increase in operating profits to £2bn in the first three months of the year, up from £1.8bn in the same period last year. Photograph: Bloomberg/GettyNatWest GroupNatWest faces £140m hit from Iran war as UK growth slows and inflation risesProfits ahead of expectations but almost half of £283m impairment charge follows forecast reassessment Business live – latest updates Mark SweneyFri 1 May 2026 03.15 EDTLast modified on Fri 1 May 2026 03.17 EDTSharePrefer the Guardian on GoogleNatWest said the economic fallout from the conflict in the…
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