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 -

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

have now decided not to sell but to keep adding it will be a very smart decision

just added 33703 and they are down as a sell
time15.31 sp 21.12p

i too now hold again .... not clear why rbs (and perhaps other banks) are looking very sick

Funnily enough - I put a limit order in earlier - not filled.

cynic it is just the MMs they will be back to 23p monday

Well I've been filled this morning on what (I hope) is my last RBS purchase.

NO UK BANKS NEED TO RAISE CASH .
and barcs is the best funded

just added 34095 more i am selling lloys

rbs is now making good profits and will be rid of gov in 12 to 18 months

.

20p tomorrow