RBS on Top
RBS on Top

Reports suggested that Royal Bank of Scotland has got the biggest gain at the close of today’s trading. The company’s share price got a hike of 5.6% to reach 42.74p.

“This new platform will enhance the customer service provided to Wealth clients and allow for an integrated banking platform throughout the division. It is only the first of a number of planned technology investments to improve customer connectivity and take advantage of the growth opportunity the division represents”, the bank said in its report.

The company is investing the funds in setting up enhanced customer service and also to provide internet banking for the users.

The investors have checked the overall details to find that that the company has got a loss of £116 million in the first quarter.

It was reported that RBS has made 500 job cuts which include IT staff and wealth management services for making channels for investment and also invest into new technology.

On the other hand, Arm Holdings also came up by 5% after they have launched a new microchip from Intel. Consultancy Amec has got a loss of 1.6 per cent and closed at 1,163p.

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