Member Info for BlueGlow

"Shares in Novo Nordisk have fallen by more than a quarter after the Ozempic maker revealed a set of underwhelming results in a trial for its next-generation obesity drug.

A drop of 29pc led to as much as 736bn Danish krone (£81bn) being wiped off the company’s valuation on Friday, which is equivalent to nearly a quarter of Denmark’s GDP. "

"The latest data from the Confederation of British Industry shows there has been a “moderate” fall in year-on-year sales volumes during December, and that retailers expect another fall in January.

CBI principal economist Martin Sartorius: “Looking ahead, retailers expect sales to fall again in January, while wholesalers and motor traders are braced for sharper sales declines.”

"UK suffers worst November for car production since 1980:

Just 64,216 new cars rolled off UK factory lines, the worst performance for any November since 1980. Output for the domestic market fell 56%, while exports were down 21%.

Output was also hit by factory disruption as manufacturers transition to make electric vehicles."

"UK borrowing costs near highest level in 26 years amid inflation fears.

Long-term government borrowing costs are close to their highest level in 26 years amid rising inflation and doubts over interest rate cuts next year.

The yield on 30-year UK bonds - the return the Government promises to buyers of its debt - climbed as high as 5.16pc in the wake of figures this week showing inflation rose to 2.6pc in November.

The yield on the long-term bond - known as a gilt - has risen for seven consecutive trading days, putting it on track for its highest close since 1998."

TRP:

https://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf

Hi HH88,

Yeah im not impressed at all.

I was actually quite optimistic for about a day or so after they got elected, lol.

Was thinking centrist moderation, with an emphasis on economic growth and stability. That's what it said on the ticket!

Just dont know how they expect these policies to do anything but damage.

Levy on home extensions - planning application fees to double. Hadn't seen that one.

Shoe Zone - "The low-cost footwear retailer Shoe Zone has blamed extra costs resulting from changes to wages and national insurance contributions (NICs) in October’s budget and weakening consumer confidence for its decision to close stores."

Interest rates hit 8 month high 2.6%. Core inflation up - 3.5% from 3.3% in October.

UK factory orders 'collapse' to four-year low – CBI

"Total orders at UK factories “collapsed” this month to their lowest level since the height of the Covid-19 pandemic in 2020, according to an industry survey."

Rob Wood, chief UK economist at Pantheon Macroeconomics, said the CBI survey revealed a “collapse in total orders that corroborated the signal from December’s flash PMI that the outlook for the manufacturing sector has deteriorated sharply”.

He said the survey can be volatile, but it highlights the difficulties faced by the Bank of England’s monetary policy committee (MPC) when it meets tomorrow.

The MPC wants to be sure that inflation remains low over the medium term, but the difficulties faced by businesses hit by higher taxes from next April and resistance from the central bank to cut interest rates could push the UK towards a recession."

Those guys dont look like they are going to set any world records though, lol.

Hi kenny,

Sounds like you know what you are doing, lol.

nom,

Re their age:

Longest recorded sniper shot.

"In November 2023, the record was once again broken by 58-year old sniper Viacheslav Kovalskyi of the Security Service of Ukraine, who shot a Russian soldier from a distance of 3,800 m (4,156 yd) during the Russian invasion of Ukraine."

Hi HH88,

Its so terrible, the incident i mean.

Even compared to the various bombings and so on. It's just the sheer horror of a man with a knife stabbing such young girls. Chasing after them. Thinking of the families arriving at the scene. I was crying when i read what happened.

Tro,

Seems to me that our efforts to move away from O&G are going to be something of a paper victory. Nuclear is the elephant in the room imo.

TM1, nom reckons you are buying the drinks?

nom wants a triple, but im ok with a shandy :)

Hey nom,

Yeah, not my usual go to on these issues, lol - but the first thing i came across. Sorry about the error.

I had a quick look.

The tanker capacity is correct, and associated co2 checks out, and the gas looks about right too.

Cant make head nor tail of the oil products though. Perhaps they meant million of tons rather than billions, lol.

Nevertheless, the general point was shipping oil in isnt very "green".

"Southport stabbing suspect Axel Rudakubana, 18, has denied murdering three young girls - Elsie Dot Stancombe, Alice da Silva Aguiar and Bebe King - in the attack at a Taylor Swift-themed dance class.

Mr Rudakubana appeared at Liverpool Crown Court via a video link but refused to speak when asked to confirm his name and enter his pleas, so the judge Mr Justice Goose entered them on his behalf.

In the same way, Mr Rudakubana also pleaded not guilty to attempting to murder 10 other people, including eight children, on 29 July.

Charges of producing the poison ricin and possessing terrorist materials were also put to him but, again, he did not respond and not guilty pleas were entered for him. "

Hey nom,

Thanks, yeah it does rather doesnt it, lol.

Id better check that one again!

S&P and NASDAQ near record highs mick.

"The biggest laggard in the Dow Jones Industrial Average has been UnitedHealth, which has contributed to more than half of the decline over the past eight sessions."

More detail here:

https://www.cnbc.com/2024/12/17/why-the-dow-is-in-such-a-historic-funk-and-how-concerned-you-should-be.html

Trek,

"The UK imported 20.1 billion tonnes of oil products in the last quarter alone, a jump of 1.2 billion tonnes compared to the start of 2023.

An average oil tanker carries 318,000 tonnes of oil, emitting up to five grams of CO2 per ton, according to the European Commission.

This means each tanker transporting oil to the UK emits approximately 1.6 million grams of CO2 – the equivalent annual carbon footprint of 160,000 British citizens.

The UK is also heavily reliant on imports of natural gas, with DESNZ confirming some 29 billion cubic metres have been imported so far this year.

Britain has imported almost six billion cubic metres of gas in the last quarter, a 2 billion increase against the same period in 2023."

Tro,

Yeah, just reading about it now.

"considering 1% of a tonne equals 22 pounds then we would need 4.5% zinc to be interesting and 10% zinc to be high-grade. Since zinc deposits are generally flat, and bedded layers have thicknesses of less than 100 metres, we are generally looking for 10% or better."

https://www.mining.com/web/making-the-grade-understanding-exploration-results/

ROCK,

The Inferred JORC Resource estimation for Molaoi is:

15.0 million tonnes @ 7.26 % Zn, 1.75 % Pb and 39.5 g/t Ag

· Molaoi contains 1,090,000 tonnes of zinc, 260,000 tonnes of lead, and 19.1 million ounces of silver.

· This Resource equates to 1,500,000 tonnes of zinc equivalent metal content, with zinc currently trading at US$2,881 per tonne.

Lot of Zinc for £5 million Mcap.

Situated in southern Greece.

Tro,

Active Energy - the RNS sounds scary. BoD want to delist, shareholders say no.

Tro,

Mcap 150k on Active Energy. Tecan could launch a hostile takeover.