NatWest Group PLC dividends set to rise, Britishvolt fundraising helped by Glencore PLC, Branson’s Virgin Galactic Holdings Inc to sell space tickets and Pantheon Resources PLC finds hydrocarbons in drilling

Here’s Proactive’s roundup of the day’s top financial stories, with helpful links taking you straight to the news

1. State-owned NatWest will reimburse its shareholders

NatWest Group PLC (LSE:NWG) is expected to be brimming with cash this year, with results released on Friday likely to put more meat on the bones of strong dividend expectations for the taxpayer-owned bank.

Cash set aside for impairments on COVID-19 loans that have gone largely unused, as well as an expected increase in its net interest margin as the Bank of England aims for further rate hikes this year, are expected to unwind. combine to increase the company’s endowments.

Read more

2. Britishvolt to raise £200m to develop UK Gigafactory

Britishvolt, an investor in battery cell technologies, said it hoped to raise £200m in a new funding round to expand its gigafactory in the UK.

The funds will help further develop its Northumberland gigaplant site as well as expand the company’s research and development capabilities.

Read more

3. Richard Branson’s Virgin Galactic offers public spaceflight

Richard Branson’s Virgin Galactic Holdings Inc has announced that tickets for its first public spaceflight will go on sale to the public tomorrow, priced at US$450,000 each.

An initial deposit of US$150,000 is required to reserve a seat for a 90-minute Earth orbit flight during the last quarter of the year.

Read more

4. Pantheon Completes Drilling of Theta West Well, Awaits Further Testing

Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) told investors it had drilled the Theta West well to full depth and encountered both Upper Basin Floor Fan (UBFF) and Lower Basin Floor Fan targets (LBFF), measuring approximately 1,160 gross. hydrocarbon tank feet through both.

Read more

5. FTSE 100 advances on easing tensions between Russia and Ukraine

The FTSE 100 closed at 77.33 points, 1.03% higher at 7,608.92 on Tuesday.

“Markets are reacting positively to news this morning that some Russian troops will return to their usual bases once the exercises are over. We’re seeing many of the commodity prices that are sensitive to lower Russian supply and some of the ‘risk off’ moves caused by Friday’s headlines are now reversing,” said Mike Owens of Saxo Markets.

Read more

About Travis Durham

Check Also

VIRGIN ORBIT HOLDINGS, INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q)

The following discussion and analysis provides information that Virgin Orbit's management believes is relevant to …