Friday preview: RBS, Rentokil, US jobless

After Lloyds Banking turned in a decent set of results earlier this week it is the turn of the other part-nationalised bank, Royal Bank of Scotland (RBS), to bring a smile to the face of the tax man, if such a thing is possible.

After Lloyds Banking turned in a decent set of results earlier this week it is the turn of the other part-nationalised bank, Royal Bank of Scotland (RBS), to bring a smile to the face of the tax man, if such a thing is possible.

Credit Suisse said: "Having seen a strong performance YTD [year-to-date] we were disappointed by the scale of the announcement of GBM [Global Banking and Markets] restructuring. Since then the debate has moved on to discussion surrounding government exit strategies, which will likely support the stock in the short term despite sub-sector return profile."

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