Market Pulse
Sunday newspaper round-up: RBS, Shell, Cobham, BT, banks
Royal Bank of Scotland is examining a range of radical options to help speed the long-delayed separation and flotation of its Williams & Glyn subsidiary, including a potential divestment of its NatWest brand. Banking sources have indicated to the Sunday Telegraph that RBS and its advisers have brainstormed ideas to save time and money on the £1. 5bn spin-off project, which have been hamstrung by current plans to 'clone' the dual IT system.
Sunday share tips: Marks & Spencer, National Grid, Assura
Marks & Spencer shares were given a 'hold' rating by Questor in the Sunday Telegraph. Last week, recently promoted boss Steve Rowe began to cut the senior management cloth to suit his new regime, though we will not know his true plans until final results are posted on 25 May. Rowe needs time to sort things out, but he is lucky to have a highly cash generative business that can keep shareholders relatively happy and maintain dividends.