Natwest's Reported Santander UK Interest Seems Surprising -- Market Talk

Dow Jones

May 13, 2025

1249 GMT - The only rationale for NatWest's reported interest in Santander UK is its novelty as a potential for-sale asset, analysts at Keefe, Bruyette & Woods say. The Financial Times reported that the Spanish bank rebuffed an 11 billion pound bid at a premium for its U.K- business. The analysts point out that the proposed deal is surprising on NatWest's part given its lack of interest in Virgin Money UK last year, which sold at lower earning multiples, Edward Firth and Elise Yu Ge write. "It is clearly disappointing that... NatWest has barely exited the government after 18 long years and yet management is already looking for 'spicy' uses for capital," they add, noting the transaction wouldn't have brought it meaningfully financial benefits. NatWest shares rise 0.6% and have gained 21% year to date. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

May 13, 2025 08:53 ET (12:53 GMT)

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The Financial Times reported that the Spanish bank rebuffed an 11 billion pound bid at a premium for its U.K- business. The analysts point out that the proposed deal is surprising on NatWest's part given its lack of interest in Virgin Money UK last year, which sold at lower earning multiples, Edward Firth and Elise Yu Ge write. \"It is clearly disappointing that... NatWest has barely exited the government after 18 long years and yet management is already looking for 'spicy' uses for capital,\" they add, noting the transaction wouldn't have brought it meaningfully financial benefits. NatWest shares rise 0.6% and have gained 21% year to date. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 08:53 ET (12:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Natwest's Reported Santander UK Interest Seems Surprising -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNatwest's Reported Santander UK Interest Seems Surprising -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-13 20:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1249 GMT - The only rationale for NatWest's reported interest in Santander UK is its novelty as a potential for-sale asset, analysts at Keefe, Bruyette &amp; Woods say. The Financial Times reported that the Spanish bank rebuffed an 11 billion pound bid at a premium for its U.K- business. The analysts point out that the proposed deal is surprising on NatWest's part given its lack of interest in Virgin Money UK last year, which sold at lower earning multiples, Edward Firth and Elise Yu Ge write. \"It is clearly disappointing that... NatWest has barely exited the government after 18 long years and yet management is already looking for 'spicy' uses for capital,\" they add, noting the transaction wouldn't have brought it meaningfully financial benefits. NatWest shares rise 0.6% and have gained 21% year to date. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 08:53 ET (12:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4521","symbol_name":"英国银行股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535773057","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535773057","pubTimestamp":1747140780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1249 GMT - The only rationale for NatWest's reported interest in Santander UK is its novelty as a potential for-sale asset, analysts at Keefe, Bruyette & Woods say. The Financial Times reported that the Spanish bank rebuffed an 11 billion pound bid at a premium for its U.K- business. The analysts point out that the proposed deal is surprising on NatWest's part given its lack of interest in Virgin Money UK last year, which sold at lower earning multiples, Edward Firth and Elise Yu Ge write. \"It is clearly disappointing that... NatWest has barely exited the government after 18 long years and yet management is already looking for 'spicy' uses for capital,\" they add, noting the transaction wouldn't have brought it meaningfully financial benefits. NatWest shares rise 0.6% and have gained 21% year to date. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4521":"英国银行股","SAN":"桑坦德银行","NWG":"NatWest Group","BK4207":"综合性银行"},"translate_title":"Natwest报道的英国桑坦德银行的兴趣似乎令人惊讶——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NWG":0.9,"SAN":0.9},"content_text":"1249 GMT - The only rationale for NatWest's reported interest in Santander UK is its novelty as a potential for-sale asset, analysts at Keefe, Bruyette & Woods say. The Financial Times reported that the Spanish bank rebuffed an 11 billion pound bid at a premium for its U.K- business. The analysts point out that the proposed deal is surprising on NatWest's part given its lack of interest in Virgin Money UK last year, which sold at lower earning multiples, Edward Firth and Elise Yu Ge write. \"It is clearly disappointing that... NatWest has barely exited the government after 18 long years and yet management is already looking for 'spicy' uses for capital,\" they add, noting the transaction wouldn't have brought it meaningfully financial benefits. NatWest shares rise 0.6% and have gained 21% year to date. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 13, 2025 08:53 ET (12:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}