Fortunately computers and apps, which are replacing suits have no 'attitude'. They do not take sickies, need maternity or paternity, nor holidays, work 24/7, and best of all need no wages nor redundancy money.
The bad news is of course that ALL banks will embrace this way forward, removing any perceived 'edge' on one another, and large old banks with old IT will have the most expense in keeping up with newer challenger banks.
But still a vast improvement in cost savings.
Lets hope those getting out can find more fulfilling, productive employment, yet again, they now have to compete with the ever growing amounts of newcomers into the UK, with less expectations of reasonable hours and good rates of pay that the British, quite rightly have come to expect.
Still no doubt many of those British being sacked or made redundant at one time could see no harm in mass immigration as they were, like many, seemingly in a safe job forever. I wonder if they will still have the same attitude when they have to compete with them in an ever more difficult to find working environment.
God help their children and grandchildren unless they intend to become mid-wives, or prison warders.
Still the sackings should be good for us shareholders, yet I imagine little of the savings will head this way, and instead will bring about grater riches for the top people, and the rest will likely be bleed out of Lloyds by HMG, ONCE they are out in some sort of new, or higher taxes for fiscal institutions.
It would have the publics support, as the years of bank bashing have seen to that.
Also if you look at the recruitment of branch managers ov3r the last couple of years. Yes men/women who will force targets while all customer focused managers are being moved out. Christ when I was there I had managers who did not know basic stuff like how to access colleague/performance development trackers. The management is Hilarious and could well bring down this house of cards.
So I now know of several people who hate working for this company who now have the knowledge they will be leaving in June/September next year. The staff are all ****ed of in the northwest region and now the ones who are staying will have even more pressure on em and the ones who are leaving will so not be arsed. So reduce Staff to minimum levels then reduce some more but expect these workers to continue to do a job. ****ed of workers is bad for ya business but ****ed of workers who don't give a toss caus they have redundancy in 8mths will be worse for your business. Many staff who did not get redundancy are fuming. I really do hope it blows up in Lloyd's face. Horrible bullying organisation. A woo hoo
Guingette If you are looking for more detailed information on the daily Lloyds shares trades. You will need to have access to the London Stock Exchange ' Trade Data Book ' ( subscription required). It provides a huge amount of more accurate and additional information covering all aspects of the days share trading data. ATB
Hi guingette, when you say "they" I'm not sure which specific trades you are referring to. Anyway I think you've misunderstood my post.
There are 3 UT trades each day reported via the LSE SETS system - one after the open auction between 7.50 and 8AM; one at 12.02PM and the final one at 4.35PM. The UT stands for uncrossing trade and was the last one giving the closing price of 61.74 and was marked as such. This will always set be 4.35PM plus a few seconds. The reported trades I was referring to wouldn't be marked "UT" as they are negotiated trades and marked as "NT". The very last reported trade on Friday was at 17.07.52 and was marked "NT" - this was for c1.335m volume and was one that dunandusted/others were referring to I believe . ATB, Scfc
Hardly earth shattering figures. Would make zero difference either way. I assume any Gov sells, and the buyers of such are shown in the trades, somewhere?
Volumes of trades not that impressive yesterday, so 15% max will not count for much, but I guess ever little.
PPI more of an issue for us imo. Now with the extended deadline, no doubt to bleed more out of us shareholders to keep the Gov happy as much will be spent in our feeble economy, any deadline will cause ever more advertising, and thus even higher claims. I do doubt whether the Gov 'care' if they are bogus, or not, as, for once the cash is not coming out of Government coffers, it is ONLY us who are paying.
Don't mind a bit of rain in those very comfy seats in the away end! Comfiest seats I've ever sat in as an away fan. :-)
As for the supposed late buys these in the main were 'negotiated trades" (NT) as opposed to the majority of "automated trades" (AT) via the SETS system. They are late reported (rather than executed) and I'm afraid it means nothing for the direction on Monday. In fact if you have access to the Level 2 data there was far more seller than buyer depth in the last part of official trading, thus resulting in the price dropping off a bit late on. Of interest is there were 2 large buy orders for 1.621m shares at 61.40 but which were never filled as the price didn't fall this low after they entered the Order Book. There no big sell orders on the book unfilled at cob. ATB, Scfc
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