<\/p>\n
IT workers have been lost in Scotland (pic: DB Media Services)<\/p>\n
NatWest, trading in Scotland as RBS, has returned to the acquisition trail, most recently acquiring Evelyn Partners as a big statement of intent, like Lloyds, to expand in the wealth management sector.<\/p>\n
However, the bank, which reports half-yeart figures on Friday, has angered its IT workers as more are laid off and work is undertaken in India which continues to be a key hub for NatWest and is its second biggest employee base outside of the UK. <\/p>\n
NatWest insists the employment growth in India is not directly connected to roles changing in the UK.<\/p>\n
The impact of these changes in Scotland is said to be small, though IT workers in Scotland continue to seek further explanation.<\/p>\n
Changes to its workforce are said to reflect strategic priorities across different parts of the business, including ongoing bank-wide simplification.<\/p>\n
Growth in the India workforce has largely reflected the insourcing of work previously delivered by third-party suppliers.<\/p>\n
Lloyds Banking Group, which posts half-year figures on Thursday, has seen its shares deliver double the FTSE 100\u2019s return this year, and hover near multi-year highs. <\/p>\n
AJ Bell analysts say that the bank will be looking to draw a line under the motor finance commission scandal, while investors have become accustomed to regular share buybacks and dividend hikes. So as Lloyds enters the final year of its current five-year plan, new medium-term targets are expected.<\/p>\n
CEO Charlie Nunn may use the half year update to outline the bank\u2019s capital allocation plans more broadly after the Bank of England\u2019s proposal to relax capital buffer rules.<\/p>\n
Questions may be asked about its controversial decision to scrap the Halifax brand.<\/p>\n
The Bank of England makes its latest interest rate decision on Thursday when it is not expected to make any change.<\/p>\n
DIARY<\/p>\n
Monday 27 July<\/p>\n
Half-year results from\u00a0AstraZeneca<\/p>\n
Tuesday 28 July<\/p>\n
Annual results from\u00a0Games Workshop<\/p>\n
Half-year results from\u00a0ITV,\u00a0Unilever,\u00a0Unite Group\u00a0and\u00a0Canal+<\/p>\n
Wednesday 29 July<\/p>\n
Half-year results from\u00a0GSK, Rio Tinto\u00a0and\u00a0Lancashire Holdings<\/p>\n
US interest rate decision<\/p>\n
Thursday 30 July<\/p>\n
Half-year results from\u00a0Lloyds Bank, Mondi, Rentokil, LSEG, BAE Systems, Standard Chartered, Drax\u00a0and\u00a0Hammerson<\/p>\n
Bank of England interest rate decision<\/p>\n
Friday 31 July<\/p>\n
Half-year results from\u00a0IAG,\u00a0Intertek,\u00a0NatWest,\u00a0Taylor Wimpey\u00a0and\u00a0Rightmove<\/p>\n
In the US, quarterly results from\u00a0AbbVie\u00a0and\u00a0Chevron<\/p>\n
\t #RBS #plays #impact #India #jobs #growth #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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