Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
#1. Natwest Group £3.8 billion capital return to shareholders
Natwest Group [LON:NWG ] has full year results out this morning. As is always the way with the big banks, this is a weighty note, but the key facts to look for are the return on tangible equity, which came in at 9.4%. Bad debt impairment has been revised down by almost £1.3 billion, whilst a final dividend of 7.5p and a share buy back scheme will take total distributions for the year to £3.8 billion.
#2. SEGRO sees significant portfolio revaluation
SEGRO [LON:SGRO] has this morning also issued full year numbers, up to 31st December. The company has seen a significant revaluation in its portfolio, taking the adjusted NAV from 814p a year ago to 1137p, which could have the potential to drive fresh interest in the stock. Net rental income is up 4.9% and the company is looking at the year ahead with confidence. Investors have been rewarded with a 10% increase in dividends.
#3. Will small, deeply discounted rights issue rock sentiment for Ironveld?
AIM-listed Ironveld [LON:IRON] was in focus earlier this week for our junior market round up after posting some significant gains. However, the company has this morning announced the issue of some deeply discounted new equity to pay a number of contractor bills. The dilution here will be limited, but could this initiate an outsized reaction in the market?