Member Info for Gate13Boy

From the Irish Times…..

“They are attractive prime assets so it will just come down to price,” said one of the people familiar with the offer.”

Https://www.mansfield103.co.uk/news-and-sport/business-news/troubled-metro-bank-kicks-off-and1633bn-mortgage-book-sale/

They are one of the banks SUFF apparently who have been consulted over buying part of their mortgage book. I would imagine Metro are dying a slow death unless someone fancies the whole company…..

The premium mortgages apparently Donkey…..

Metro are trying to increase their liquidity. Sounds like a fire sale of their better stuff……

Sky news reporting that part of Metro’s mortgage book is being offered to UK high street banks.

German exports fell more than expected in August, official data showed, adding to signs that Europe’s biggest economy has fallen back into recession.

Exports totalled €127.9bn (£110.7bn), a decline of 1.2pc on the previous month, according to figures from federal statistics agency Destatis.

Imports were down 0.4pc compared with July, totalling €111.4bn.

The country’s trade surplus - the difference between exports and imports - rose slightly to €16.6bn.

ING bank economist Carsten Brzeski said: “Like the rest of the German economy, exports remain stuck in the twilight zone between recession and stagnation.”

The August disappointment was led by a 2.6-percent fall in exports to fellow eurozone countries.

Shipments to the United States, the top destination for “made in Germany” goods, dipped by 1.3pc month-on-month.

“achieved nothing”

😂😂😂

He got us out of the EU. A massive achievement.

Agree skier,

HS2 is a complete waste of money and should never have happened in the first place. Improved links up north should have used the funds. We are a small country nothing like Japan or France. A wasteful vanity project and white elephant. The Tories would have better used that money on building more houses too to accommodate the swathes of economic migrants crossing the channel instead of clogging up our hotels at huge cost to the taxpayer. Vote #Reform UK.

Yes there’s been a lack of green lines for the last 24 hours. Maybe he’s taking a sabbatical…..

Food prices have fallen compared to the previous month for the first time in two years, bringing grocery inflation down to single digits, according to industry figures.

Food inflation decelerated to 9.9pc in September, a significant drop from 11.5pc in August, according to the British Retail Consortium Shop Price Index. It is at its lowest point since August last year.

Depends what it’s worth when it’s re-possessed. In a falling market, it can be a declining asset.

2 x £25 = £50

That’s heartening fleccy 👍

Lloyds exposure to bad business loans is more of a concern.

Kiom,

Tell me why the likes of Amazon, Meta, Apple, etc etc continue to use buybacks instead of paying better dividends ?

Fleccy,

Still won’t stop Lloyds taking losses if people have their homes re-possessed.

Why are these buyback shares being held in treasury instead of being cancelled ? Where are these shares going to end up ?

The general consensus is house prices will drop at least another 5% which will undoubtedly impact on Lloyds in terms of repossessions and a falling housing market. Those who were gleeful that rising interest rates were the holy grail for Lloyds in terms of improved net interest margins should be starting to question themselves.

Lloyds share price is lower now with base rates at 5.25% than it was when base rates were 0.1%. I guess you can’t educate some people.

It’s a shame people have overstretched on their mortgages and assumed the era of low rates would continue indefinitely. What we have now are normalised rates based on a historical past. At least house prices are dropping for those keen to get on the housing market.

Most banks globally have performed badly. Macroeconomics are the reason not buybacks ffs 🙄

Centrica have turned around nicely too 😉