
NatWest Says Customers Resilient in Uncertainty as Earnings Beat
The British lender reported pretax income of £1.81 billion ($2.4 billion), up 38% from a year ago and beating estimates of £1.53 billion. NatWest said it now expects to be at the upper end of its income and returns guidance for the full year.

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CNBC
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- CNBC
Elon Musk's Tesla launches bid to supply electricity to British households
Elon Musk's electric vehicle manufacturer and energy company Tesla is preparing to supply electricity to British households and businesses. The Texas-based company formally submitted its request for an electricity license to the British energy regulator Ofgem at the end of last month, according to a notice on the watchdog's website. If approved, the move could pave the way for Tesla to compete with the big firms that dominate the U.K. energy market from as soon as next year. The application, first reported by the Sunday Telegraph, came from Tesla Energy Ventures and was signed by Andrew Payne, who runs the firm's European energy operations. Tesla, which is best known as one of the world's leading EV manufacturers, also develops solar energy generation systems and battery energy storage products. Musk's company already has an electricity supplier in Texas, called Tesla Electric. The service, which was launched in 2022, allows customers to optimize energy consumption and pays them for selling excess energy back to the grid. Tesla's push for a license to supply electricity to British households comes as the company endures a protracted European sales slump. Data published last week by the U.K.'s Society of Motor Manufacturers and Traders (SMMT) showed Tesla's new car sales dropped by nearly 60% to 987 units last month, down from 2,462 a year ago. In Germany, meanwhile, Tesla car sales fell to 1,110 units in July, down 55.1% from the same month in 2024. The latest sales figures underscored some of the challenges facing the company, which continues to face stiff competition, particularly from Chinese EV manufacturers, and reputational damage from Musk's incendiary rhetoric and relationship with U.S. President Donald Trump's administration.
Yahoo
an hour ago
- Yahoo
Elon Musk's Tesla applies to supply energy to British households
Elon Musk's Tesla is plotting to enter the British energy market and supply households in the coming months. The company has sought approval for an energy licence from regulator Ofgem in order to take on energy supply giants including British Gas owner Centrica and Octopus Energy. It hopes to start supplying energy to homes and businesses in England, Scotland and Wales as soon as next year. Tesla Energy Ventures applied for the licence last month, according to a new filing published by Ofgem. The application was signed by Andrew Payne, director of the group's energy business in Europe. The electric car manufacturer, run by the world's richest man, also has a solar energy and battery storage business. It comes around two years after Tesla first started hiring for a head of operations to run its proposed energy supply business. Tesla has been involved in the UK energy market since 2020, when it was granted a licence to be an electricity generator. In the US, the group has been an electricity supplier in Texas for the past three years. It comes amid a backdrop of waning demand for Tesla's electric vehicles across Europe in recent months. Industry figures showed an almost 60% plunge in the number of new Tesla registrations in the UK in July, compared with a year earlier. Data showed that 987 new vehicles were registered in the UK in July compared with 2,462 in the same month a year earlier.
Yahoo
an hour ago
- Yahoo
£5,000 buys 31 shares in this 39% CAGR growth stock!
The British stock market's filled with tremendous growth opportunities. Despite a lack of technology stocks, smart investors who can spot winning businesses can still unlock tremendous returns. And that's certainly been the case for anyone who decided to snap up shares in Games Workshop (LSE:GAW) back in 2015. Over the last decade, the niche tabletop hobby business has cultivated some enormous pricing power among its customer base. That's translated into a continuous stream of rising revenue and earnings that have pushed the share price to record highs. And when including the extra gains from dividends, shareholders have reaped a staggering 2,654% return, or 39.3% on an annualised basis. Just to put this into perspective, a £5,000 investment in August 2015 is now worth £137,868! So should investors be thinking about buying £5,000 worth of shares today? An untapped growth avenue? Looking at its latest results, management's long-term strategy of diversifying the revenue stream through licensing seems to be yielding fruit. The massive success of Space Marine 2, developed by Saber Interactive, has generated an enormous wave of licensing revenue. However, more excitingly, the company also noted a significant boost to in-store foot traffic following the game's release. In other words, by expanding into other media channels, the company isn't just earning licensing income, but attracting new players to the core Warhammer hobby as well. That's an encouraging sign given the recent partnership signed with Amazon to develop a fully-fledged TV series. And just like gaming, streaming has an enormous audience that could attract new players and collectors into the Warhammer hobby. Managing expectations The recent licensing success ultimately helped push both revenue and earnings to yet another all-time high. But with no similar-scale video game releases planned for 2026, and the Amazon show still several years away, the company could soon be facing some tough comparables that may test the growth stock's premium valuation. It's also important to recognise that should the TV show fail to resonate with audiences and receive poor reviews, the company could actually harm its brands rather than build them. And should the subsequent growth expectations fail to materialise, the company's winning streak could come to an end. In other words, just because Games Workshop has outperformed over the last decade, it doesn't mean it will continue to do so moving forward. The bottom line All things considered, I think Games Workshop continues to offer impressive potential even in 2025. The Warhammer hobby is growing at a rapid pace and expanding beyond the boundaries of the tabletop. And while the high cost of its products could serve as a barrier to entry for newer players, so far it hasn't stopped this business from dominating the hobby space. Of course, as with all premium-priced growth stocks, volatility is to be expected. So investors will need to carefully consider whether this business lies within their personal risk tolerance. The post £5,000 buys 31 shares in this 39% CAGR growth stock! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has positions in Games Workshop Group Plc. The Motley Fool UK has recommended Amazon and Games Workshop Group Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data