ROYAL BANK OF SCOTLAND GROUP PLC is within a rising trend. Continued positive development within the trend channel is indicated. The stock has broken up through the resistance at pence 50.00. A further rise to 100p (1) is predicted in the medium term. The stock is assessed as technically positive for the medium long term.

Good luck -

Have been trading these too cynic - anything above 22.10p a gain...

i was a silly boy this morning and got in a bit high; averaged down during the afternoon but still need 22.65 to be back in the money on this trade

Cynic - good luck to us both and here's hoping for blue this week...

less than 4 bob now.

have cut most, albeit at a loss, but better that than bleeding to death

I've moved limit buys down on both RBS and LLOY - just when you think it looks a reasonable entry point - down it goes again.

Further to the announcement on 19 July 2011 that Nathan Bostock intended to leave RBS to take up a new role as CEO of Wholesale Banking at Lloyds Bank, RBS announces today that after careful consideration of his position Nathan has decided to remain in his current role as Chief Risk Officer at RBS.


What the ....?

Obviously too risky :-)

:o)

Sunday papers report RBS possibly facing legal action in connection with the collapse of MF Global. Alleged misleading statements from various banks led to MFG's sp being artificially inflated.

Yes, I read that in the Sunday Telegraph Harry. RBS, JP Morgan and Goldman Sachs are being sued by the IBEW Local 90 Pension Fund and the Plumbers & Pipeftitters' Local #562 Pension Fund in a class action lawsuit in New York.

More trouble at t'mill.

New 12 month lows again today - about 3/-9d in old money.

Afraid they are probably worth about 5p.

Sub 18p

The Royal Bank of Scotland to close a site in Bristol with the loss of 440 jobs, Unite union says.

Some 440 jobs will be lost as the Royal Bank of Scotland (RBS) closes a site in Bristol, the Unite union has said.

The bank, which is is more than 80% owned by the taxpayer, said the cuts were part of 3,000 job losses announced last year.

Unite urged the RBS to reconsider the closure, warning that it would "devastate" the local area.

The announcement comes just hours before the Government's Autumn Statement to Parliament.

TIDMRBS

RNS Number : 2427T

Royal Bank Of Scotland Group PLC

02 December 2011

THE ROYAL BANK OF SCOTLAND GROUP PLC - SALE OF PUB PORTFOLIO TO HEINEKEN N.V.

The Royal Bank of Scotland Group plc ("RBS") today announces the sale of its tenanted pub business to Scottish & Newcastle Pub Company (Management) Limited ("S&NPC"), a subsidiary of Heineken N.V.

The business, which comprises 918 pubs across the UK, has been operated since 1999 by S&NPC under a management agreement.

As a result of the sale, RBS received cash proceeds of approximately GBP422 million including approximately GBP10 million of accrued earnings owed to RBS pursuant to the management agreement, which has been terminated with immediate effect.

In the year ended 31 December 2010, EBITDA generated under the terms of the management agreement was GBP45 million. As at 31 December 2010, the business' combined gross asset value was GBP406 million.

This sale is in line with the asset reduction element of RBS' Non-Core strategic plan. The proceeds received will reduce further the overall funded assets in Non-Core. As at 30 September 2011, RBS had reduced its Non-Core assets to GBP105 billion since the Non-Core Division's inception in 2009.

RBS Corporate Finance and Sapient Corporate Finance advised RBS on the transaction.

have started to buy today and some of my buys are up has sells

you're a bit slow on the uptake aren't you?

still buying . looking to sell at 26p