It's also hired CIBC Griffis & Small to help it sell its non-core assets in the Unita, which would bring in cash — and make it more valuable to potential buyers.
These included bad loan charges of £496 million, of which three quarters is related to what it has decided is its non-core business and the rest from ongoing business.
The sale will help RBS to reduce its non-core assets as it works to rectify its balance-sheet.
Meanwhile at the other end, energineering firm, Smiths Group was one of the biggest risers, up 17p, 1.6%, at £10.54 thanks to the sale of its stake in Cross Match Technologies for $77m, as it continues to sell off its non-core assets.
Carrizo Oil & Gas Inc. announced Monday that it sold the last of its non-core assets – in the Denver-Julesburg Basin in the Rockies – to an unnamed buyer for $140 million and up to $15 million in contingent payments over the next three years.
Fiat Auto Chief Executive Roberto Testore Roberto Testore has tendered his resignation, and will leave the firm as it attempts to restructure by scrapping its non-core businesses in favor of the core car Testore was named to head the auto unit in 1996.
Analysts at Tudor, Pickering, Holt agree that it was good to see the company complete its non-core asset sales.
One of those steps is the decision to sell some of its non-core businesses.
Hewlett Packard Enterprise HPEE) will spin off and merge its non-core software assets with Berkshire-based Micro Focus International.
Lufthansa plunged into a €€980m ($1.2 billion) loss, hit by problems in its non-core airline-catering and travel businesses.
The group is also reported to be increasing its focus on its non-core brands such as Monki, & Other Stories, Cos and Weekday.
