RBS forecast beats market hopes

Royal Bank of Scotland’s annual pre-tax profits will top £9bn (€13.3bn) this year after the group said it performed well in 2006.

RBS forecast beats market hopes

Royal Bank of Scotland’s annual pre-tax profits will top £9bn (€13.3bn) this year after the group said it performed well in 2006.

RBS, which owns NatWest and Churchill Insurance, pleased the City by forecasting results slightly ahead of market estimates for a figure in the region of £9.16bn (€13.5bn).

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