🔴 NatWest Group is trading 5% down today as impairment losses nearly doubled

NatWest Group is trading at £600.94, down 5.39%, after third-quarter results showed falling profit and higher impairment losses.

• Attributable profit fell sequentially to £1.53 billion; impairment losses nearly doubled quarter-on-quarter to £277 million, despite higher total income.
• Investors also weighed the UK bank-profit surcharge increase from 3% to 6% and NatWest’s decision to defer its next buyback announcement until full-year results; reporting linked both to share-price pressure.