Royal Bank of Scotland rises after quarterly update

FTSE 100 financial services firm Royal Bank of Scotland (LON:RBS) saw its share price climb by 4.75% to 115.80p (as of 12:45 BST) despite total income dropping by 1.6% during the first quarter. Natwest Markets income was up by 9.3%, but this was offset by a fall of 6.5% in retail and commercial income. The company has withdrawn its prior guidance and is working to refine its position further as the situation develops.