Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Evening Standard
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 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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.