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Assuming i've not misread the accounts..
UKW is making around £1B profit, has outstanding long term debt of £1B and a dividend cover of 3X.
They can pay down 2/3 of the debt this year and still cover the dividend.
Https://www.lse.co.uk/rns/LLOY/total-voting-rights-17fl2ahgqtz46ps.html
Https://www.theguardian.com/politics/2023/jun/08/rishi-sunak-joe-biden-landmark-deal-uk-us-cooperation-washington-declaration
..'The deal, which will give British green energy and defence companies access to US markets, will allow British businesses to take advantage of US subsidies as the UK moves away from complaining about Washington’s economic policies to trying to take advantage of them.'
Just read this..
https://westcountryvoices.co.uk/tough-times-for-putins-fellow-travellers-in-the-uk/
...
The links between Russia and other leading supporters and bankrollers of Brexit are less well known. Take Banks’ close associate Jim Mellon, a multi-millionaire with whom Banks owned a bank in the Isle of Man and who gave £100,000 to Banks’ Brexit campaign. Mellon’s fortune originally derived from the chaotic world of 1990s Russia.
“I had read somewhere that Russia was privatising its industry and that they were handing out certificates that represented a share of the post-Soviet state to every adult,” Mellon has explained.
He bought up large numbers of these certificates at rock-bottom prices from Russians who “did not think they were worth more than a bottle of vodka”.
Mellon’s company Charlemagne Capital, and funds that it controls, went on to take advantage of many other opportunities in Putin’s Russia, not least the privatisation of Russian fossil fuel companies such as Gazprom.
It also benefited from one of the “business opportunities” held out to Arron Banks by Russian agents in 2016. Three weeks after the Brexit referendum, the Russian government sold its stake in the Alrosa diamond-mining company through a private offering to a restricted group of investors, at a discount to the company’s market price. A fund managed by Charlemagne Capital was one of these.
I sold Friday.
Santander wary of housing market slowdown
Santander UK has recorded a jump in its profit and income, but cautioned over a weaker housing market and inflation set to further reduce consumer spending.
The bank made a pre-tax profit of £547m in the first quarter of the year, up 11pc from the £495m made last year.
It also saw its total operating income increase by 11pc to total £1.3bn, which was largely driven by higher interest rates, the lender said.
But the bank flagged a decline in mortgage applications by 37pc, amid a slowdown in the housing market with house prices set to fall back to 2021 levels.
It also set aside £9m in credit impairment charges, which cover expected losses if people cannot repay loans, due to the weaker UK economic environment, it revealed.