Completely ****ed as I write this bull shut but it has to be shed, that price of cod has gone thru roof due to English fishermen selling the lot to the frogs and UK not able to buy it from the russkies anymore. It really has doubled in price and to make matter worse, vegetable oil has doubled in price due to not being able to get it from Ukraine anymore, and due to owners of old diesel motors filling their tanks with it because its so much cheaper than at the pumps - sadly all true. To make matters worse, pubs in Kent are having not just their oil stolen but even the waste oil stolen (apparently it can be filtered). Thirdly, Fishi Rishi has increased VAT and minimum slave wage. Moral of the story is that independent pubs do not stand a chance of surviving in this environment. Wetherspoons will be the last man standing. Yabbadabbado
7 fold increase in energy prices is going to screw just about every smelting/engineering company in europe, not just WRES. Time to sell just about any company in these sectors (can think of at least 10 in UK alone). Mastermind did his best against incredible odds but lets face it, it was Putin who finished him off. Shame really, but there you go.
Left with a hole in the ground. Nobody could have foreseen the energy price going nuclear.
Not Slug and Lettuce. Got to do gardening today and thoughts turned to going down Spoons afterwards. Just realised Spoons could make a fortune selling lager to gardeners to use in slugs traps cos you cannot buy slug pellets anymore. Slugs die a happy death drowned in the stuff. I'm no slug myself, prefer ale...
Never heard of this word before until seeing the new Barclays farce playing on Broadway with over-issuance of structured notes and exchange traded notes resulting in a GBP450 million hit. Seems over issuance was of a factor of about two, with the current CEO in charge of compliance at that time ! Now customers have right of rescission to get their money back to place before they took out the instruments concerned. Share buyback scheme been postponed.
Must be about the only type of financial malfeisance that NWG has avoided over the years, I hope ....
Peering into my crystal ball, well beer glass actually, I came across a vision of a bank with 80 bill excess capital and which is the greatest beneficiary of UK banks for interest rate rises ! Then I saw the logo and realised it was NWG with NIM lowest of all UK banks, non stop fines for past misdemeanours, and sp held in check by gov sales. Spoiled the vision somewhat. Assuming promise of 1 bill divis per year is honoured, then rerate to 300 must be on the cards ...