DataRoom AM: Unclogging Clydesdale

NAB may offload its costly UK banking business, Clydesdale Bank, while the battle for Warrnambool Cheese & Butter may see a last-minute entrant.

Analysts are drawing up exit plans for National Australia Bank in the UK. It’s not the first time speculation has swelled of an imminent divestment of NAB’s Clydesdale Bank, but the stars may be aligning on this occasion.

Meanwhile, as the Warrnambool Cheese & Butter takeover battle drags on, could there be a fresh face to enter the fray? Bega Cheese boss Barry Irvin may have hinted as much in comments yesterday.

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