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Evening Standard

Business

City Staff

FTSE 100 Live: FTSE rallies to close at 7870; First Republic shares plunge to new lows amid receivership fears

NatWest Deutsche Bank Numis

NatWest shares have fallen sharply despite the state-backed lender revealing first quarter profits of £1.3 billion and low default levels.

The results came as Deutsche Bank moved to expand in the UK by striking a £410 million deal to buy City firm Numis.

Meanwhile, the FTSE 100 index is under pressure after disappointing first quarter GDP figures from Germany and the eurozone.

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