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Two week shutdown was announced in February and appeared in the FT, Guardian,BBC biz , Bloomberg......it is genuine.

Today RR staff in Derby down tools for a pre planned two week closure of the factory , staff will not be paid during their absence. As part of that announcement RR have revealed that their estimate of a recovery to 70% of normal wide body flying hours (WBFH) this year is now reduced to 55%.Warren East also discloses that the company's worst case estimate now includes a run rate of 40% of normal WBFH for both 2021 and 2022. Looking at the accounts that implies a revenue shortfall against last August's figures of ~£750 mill for this FY and a total revenue for this year of <£10bill(my estimates)versus recent years average of £14/15 bill. Interims are due on 5/8 and the new CFO will want to put as much bad news in as he can get away with to dissociate himself from the recent past, so be prepared for nervous times ahead.
Having said all that I am invested here and will probably ,after the interims, be adding.

A brief but fascinating RNS. On the face of it the cloud over SAE has blown away. I am however surprised that no other confirmation of this is available, if as the RNS says " The GFG Alliance (of which SUEH is a member) has confirmed to SAE that the receiver's appointment has ceased, " I would expect that to have hit all the major news media streams , it is big news on along running and widely covered story. And incidentally, would remove all my reservations expressed here!This mornings market reaction will be interesting.

Wids..... as nobody replied to your 15.46 question .
A key measure of bank performance is the Net interest margin(NIM)which is the difference between the average rate at which they borrow and at which they lend, when interest rates are low the margin for ripping off the customer....sorry, for increasing the NIM is less. Borrowing at 1% and lending at 1.2% is less lucrative than borrowing at 10% and lending at 12%. when interest rates are rising bank shares tend to go up and vice versa.

Kallu
"there will be and ALDI or LIDL at walking distance." is a presumption. This is a fact(latest data I could find, the 2019 survey did not do the shopping survey shown as chart 5 )
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/604103/why-people-travel-shopping-2015.pdf

Kallu sorry but you're wrong again.In the US latest figures show that ALDI and Whole foods (ie AMZN) are joint tenth in US grocery sales, LIDL aren't in the top ten.
see
https://www.foodindustry.com/articles/a-list-of-the-top-ten-grocery-chains-in-the-united-states/

Kallu re your post this pm . A n interesting , if somewhat flawed analysis. At first read here are the points I note,
"Run vans to deliver from warehouses is disastrous for the environment"!!!(my exclamation marks).
Have you mentioned this to Jeff Bezos? Amazon appear to have several vans, though to be fair your point is erroneous regardless of who the vans belong to. A single van on a well planned route making multiple deliveries is significantly more environmentally friendly than many private vehicles driving to a shop .
" Amazon makes more money from their monopoly business where is very little competition called Amazon Web services."
Amazons last quarter report showed that AWS provided 14 % of their revenue total(61 %North America, 25% international) and provides 32% of worldwide cloud services, they have many competitors, the largest of which is Microsoft Azure, second largest and growing at 47%pa , ie will overtake AMZN within 2/3 years as it links seamlessly with Windows(of which you may have heard).
I won't dissect the rest of your post as i fear it stems from opinion as oppose to hard fact.I would however be curious to know why you feel so strongly?prepared to disclose?

As someone who spent his entire working life in IT systems , I would be pretty certain that the robots themselves are NOT the cause of the problem which led to the fire.By definition robots obey the orders of the software(I don't believe in the film concept of them "going Rogue"!!)The software which drives the system will be complex and it is the almost certain source of the problem. As a further aside I would not be surprised if OCDO subsequently admit to a software upgrade , inadequately tested, which proves to be the culprit, that was true on many occasions in my working life!

A large scale (forced)seller is bound to drive the price of NWG down, regardless of any other influences on the market. That knowledge will also cause other II holders of NWG to consider reduced positions.The other knock on effect might well be that shrewd long term money moves from other banks ie LLOY, in to NWG . It might be negative for the whole UK banking sector, in the next few months, but I will hold .

Kallu... WADR you are misunderstanding your own argument . As you say retail rents are falling substantially . That is as a result of lack of demand,that lack of demand is because the economics of high street shopping no longer stack up . While rents are falling , all other costs are rising, staff,energy,compliance, insurance...... That is one of the things driving online , as well as of course the fact that wealthy but time poor individuals, ie those with excess cash to spend prefer to spend it on leisure rather than a trudge round a supermarket or local high street. In addition the economics and carbon footprint of delivery are improving steadily as penetration increases, another factor which resonates with a younger , more environmentally aware cohort.
The other key driver for OCDO solutions can be seen in every other supermarket , recently I was required (by the boss) to shop in our nearest T**co. By my reckoning they had in excess of fifty staff picking for online orders. Lets say these staff cost £10/hr and can pick four deliveries in an hour, a rate I doubt from relatively brief observation , their salary cost plus overheads ie Employers NI , statutory sick pay,holidays .... probably double that cost per hour ie it is costing them £20/4 or £5 per order just to collect it from their own shelves(having paid someone else a similar sum to put it there!)
IMV OCDO's biggest problem is the speed of rollout of their concept , IF? they can ramp that up they are worth much more than today.

The airtanker contract was when agreed(2008) worth ~£10.5 bill over 20+ years at an annual fee of £390 mill. the consortium awarded the contract has a number of players and AIUI RR/Babc*ck hold <50% of the deal. I guess therefore that the value of a sale to RR would be maybe ten times their share of annual profit from the deal which I reckon is <£500mill. A s a holder here, I suspect that implies that the cash raising IRO ITP and Bergen is stalled.

Live.... interesting stuff, most interesting IMV is this
"Thirteen of the 14 sectors monitored also recorded a rise in backlogged orders, leading to the largest rise in uncompleted work since 1999." and this
"Of the UK firms reporting higher levels of unfinished work, around 31% of them pointed to reduced capacity caused by raw materials shortages, while 18% blamed labour shortages for the rise."
Simply put the UK now has a supply problem not a demand problem and there is still pent-up growth to be satisfied. That is a positive for the UK economy generally and Banks are , as i have pointed out before,pretty much a leveraged bet on the UK economy.I don't predict SP's (those who do are naive at best !) but there is little doubt that LLOY will be higher in the future than it is now.

Falky I will remain committed to demonstrating how enormous the risk inherent in the positions you take is and how foolish it would be for anyone to seek to emulate your inherent genius for timing the market., even though at 11.00 on Friday you said you had £5k at average 47.2 and at no point that day did you say you had closed any positions .

AS a committed LTH I don't worry too much about a few pence more or less on the buy price, though obviously like to buy cheap and that is at the moment of most fear. I may be wrong but I think this is or is close to that point , so I have bought a few.If the Sp remains here or below I will add , happy in the knowledge that the probability is , that sometime in the future the SP will be higher , though I won't monitor it every day until it is!!

Falky At £6k per point, average 47 you would have lost ~£20k, good job you don't really take the positions you describe!!

I think it very unlikely that Drahi will launch a takeover bid and even less likely that it will be allowed by Gov.However that's not to say that I think BT is anything other than a very solid investment . IMV the near future includes a sale of the football rights, for which, IIRC BT paid around £1bill for premier league rights and a similar sum for the Champions league, the last purchasing round of both of which were impacted by Covid , I believe that the Premier league rights still have 3 years to run and champions league 2 years . A sale of both, which appears to be imminent (and probably to Blavatnik's company DAZN) , should fetch something approaching £2bill.It is also IMV most likely that a float of Openreach , possibly still retaining majority control by BT , will be the outcome of the Drahi involvement . Again , if mooted valuations are anywhere near accurate, a minor interest divestment (ie <30%) could still be worth ~£5bill to BT (and its shareholders!).Set against the current MC of ~ £ 18 bill they are substantial sums , but I don't expect that shareholders will get much , if any of that cash, rather it will go to fund the rapid Fibre rollout.
Am I worried? not a bit , The future shape of the company is of a utility type supplier of a service seen as an essential by almost very householder in the UK, with an inbuilt, Inflation proof, revenue stream. That company, whatever it's form, will IMV be seen to be worth a great deal more than the current BT MC, so no cash bonanza, merely a rising SP and a significant divi stream!

See latest RNS.
On Friday GSK announced this:
GlaxoSmithKline plc (LSE/NYSE: GSK) today announced positive headline results from five studies of the Phase 3 ASCEND programme, evaluating the efficacy and safety profile of Daprodustat, an investigational oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI), for patients with anaemia due to chronic kidney disease (CKD).
On Saturday The TIMES carried this story:
The US FDA advisory body on cardio and renal voted against approving Roxadusat an oral treatment for patients with anaemia due to chronic kidney disease because of "safety concerns"
Both companies believe this is a $1billion market.Maybe the GSK pipeline does contain some winners?

GSK has committed to offer a divi of 55p, divided in to 45p "new GSK " and 10p consumer after the split . The likelihood of them reneging on that promise is miniscule. It is also near-certain that they will seek to maintain or raise that divi slowly in the short/medium term. Everyone who holds GSK at the time of the split will get shares in both companies in proportion to their holding so will receive (if they continue to hold) the full 55p per annum, equivalent to~4% at todays SP.While the consumer co will continue to be a steady earner with a wide range of familiar products there is IMV some hope that pharma will begin to see at least some benefit from a pipeline of promising drugs. For reasons which are never clear to me such splits often seem to realise more value than the original combined company . There is a PhD thesis there for somebody!

Hi Falky
" Always the banks are the first to suffer and first to recover."
The reason for that is relatively easy to understand, banks , like insurance companies have enormous quantities of assets and liabilities on their books, the assets, much of which is held as UK equites (UK because a major part of those assets and liabilities are in sterling so it eliminates currency risk).The large portion of assets on the books which are equites are much more volatile than the liabilities , so banks respond to FTSE changes to a greater degree than others (see banks /insurance "Beta" for the evidence). When you hold bank shares you are in effect holding roughly a 1.5x FTSE long position in the terminology which is used by many here.Those who go long 3x a bank share are betting effectively 4.5x long

Couple of things about the values attributed to unquoted companies.
First the notional price paid in a funding round is for entities who are expecting to take a major stake in a company with clear rapid growth potential , not a company like LLOY where we know (don't we?) that the widest possible parameters of SP movement are let's say +/-100% or more probably +/- 50% over the next few years.
Second we know that for the unquoted company the boundaries of value are -100% down or infinity(and beyond?) up, so for the investors who can afford a few 100% downs the potential rewards are skewed massively to the up side.
Third the backers of unquoted companies are acting a bit like all of us investors , we are buying at todays SP with a price target some where (much?) higher so are they.