Thorburn Beats Retreat for NAB as U.K. IPO Mulled

Thorburn Beats Retreat for NAB as U.K. IPO Mulled

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Interactive Video

Business

University

Hard

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The transcript discusses NAB's financial performance, highlighting a 9.8% decline in cash profit due to UK write downs. Despite this, UK profits doubled. CEO Andrew Thorburn emphasizes the urgency of exiting UK assets to improve shareholder returns, with a focus on Australia and New Zealand operations. The market reacted positively, with NAB shares rising. A press conference is scheduled to discuss the UK exit plan further.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the cash profit for NAB, and how did it compare to the previous year?

5.18 billion, down 9.8%

5.18 billion, unchanged

5.18 billion, down 14%

5.18 billion, up 9.8%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for the decline in NAB's cash profit?

Increased competition in Australia

Write-downs in the UK

Higher operational costs

Decreased loan demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategic action did the CEO of NAB emphasize in response to the earnings report?

Reducing workforce

Exiting UK assets

Increasing dividends

Expanding UK operations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the performance of NAB shares following the financial results?

Remained unchanged

Increased by 0.75%

Decreased by 1%

Decreased by 0.5%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What dividend per share is NAB offering?

$0.75

$0.99

$1.10

$0.85