RBS shares rocket as profits double to £1.6bn
Royal Bank of Scotland (RBS) has announced profits of £1.6bn for the first quarter of 2014, far surpassing expectations and sending shares soaring more than 10%.
For the three months to 31 March, the firm near doubled its profit before tax from £826m in the first quarter of 2013. Operating profit also doubled to £1.5bn, up from £747m last year. This is only...
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