Member Info for Gunsup

Tav

In end Supreme Court maybe the least of investor concern as European nations prepare for war..

Gate

For sure.

Businesses also revealing cost of the budget changes..

Kingfisher £31 million

Halfords £29million

Mitchell Butler £100 million

Lloyds?

Bloom

talk of a energy cable to the USA. You know the Viking Link that go into the bicker Fen?

"Viking Link is approximately 765 km long and allows electricity to be exchanged between Great Britain and Denmark".

https://www.viking-link.com/

or North sea link?

North Sea Link (NSL), a joint venture with Norwegian system operator Statnett. Stretching 720 kilometres under the North Sea, at depths of up to 700 metres, NSL is an interconnector capable of sharing up to 1400 megawatts of electricity – enough to power around 1.4 million UK homes.

"NSL is part of our portfolio of electricity links connecting the UK to the energy systems of Norway, Belgium, France, the Netherlands and most recently, Denmark"..

Bigger...

See where this goes.. 5,000km

"Australia-Asia PowerLink, Australia-Singapore"...

https://www.power-technology.com/projects/australia-asia-powerlink-australia-singapore/?cf-view

Bloom

"we aren't powering an economy on wind and solar"..

All I say my friend is watch this space.

Mr Gordon Brown and Mrs Merkel had their eyes set on the Ouarzazate Solar Power Station (OSPS),

Africa may well become a world leader in this field due to its natural advantages.

FT cover this one back in 2023

"UK streamlines planning for £20bn plan to bring power from Morocco "..

https://www.ft.com/content/fc3a1cb5-510e-45cb-bdcb-f64155c67e34

If only the Rosatom was a Uk company..

"Rosatom, created by a presidential decree in 2007, says it is the only company in the world that has all technologies of the nuclear fuel cycle, from uranium mining and nuclear research to building, fuelling and running nuclear power plants". "Russia holds about 44% of the world's uranium enrichment capacity and around a third of U.S. nuclear fuel imports used to come from Russia"....

Life span of a nuclear power plant? Not as long as you think.

Decommissioning costs. This is Govt paper.. £131bn seem a good starting point

https://www.gov.uk/government/publications/nuclear-provision-explaining-the-cost-of-cleaning-up-britains-nuclear-legacy/nuclear-provision-explaining-the-cost-of-cleaning-up-britains-nuclear-legacy

Bloom

You are aware of Russias move in the uranium and the panic on in the USA with its reactors?

Bloom

You like a dog with the hot chip...

One word. Sweden

https://modvion.com/

Have a listen to what Mrs Sabine Hossenfelder she say on you tube. She may help point you in the right direction.

Is she qualified...https://en.wikipedia.org/wiki/Sabine_Hossenfelder

Bloom

So Bros..

Leave the wind and sun and other renewables out of the equation....

You name the source you would be choosing and how long that going to last.....

I'll start ball rolling for you with most popular, most abundant and longest last fossil fuel..

Coal .. 135yrs

LTI

For sure Climate robustness must be part of our national strategy.....

Bloom

Co2.. Effects can be measured..

As we know we has several factors in play with this one.....We has the data for.

Carbon dioxide spectrum

Carbon dioxide increase

Ocean acidification

Carbon isotope ratios

Stratospheric cooling..

We also know three type of carbon... Test a atomic weapon and up shoots carbon 14.. Plants like the Carbon 12 ...

Other factors

Solar maximum circa July 2025..

In May we has the strongest solar storm in 20 years..

When will AMOC start to collapse?

Boreal forest fires = total output from airline industry

Volcanic activity 0.28-0.36 giga ton of the Co2..

TFE

Respect

I make it clear I am no fan of any party but let the fact speak for themselves...

Austerity = zero growth.

In the meanwhile China borrow and invest as did companies in the USA, South Korea etc . Hence why they now in dominant positions with India and Africa fast playing the catch up....

The EU and the Uk missed a gold opportunity but that genie now out of the bottle.

Note this one....Public sector net debt, adjusted for inflation, rose by 53% between 2009/10 and 2016/17.

Debt look worse on the charts to my eye under Tories.

If you exclude the financial crisis 2008 Labour look even better. Figures shown are pre covid. When debt pile shot up by around £1trillion.

https://fullfact.org/economy/labour-and-conservative-records-national-debt/

Morning Bros..

Lol.. Is a good comment. For sure 10yrs+ Austerity and ultra low interest rates has caused a lot of the problems we now see.

So if we was the king for a day and could change benefits which ones we change?

Back in the Uk picture not so rosy.

Another business leader he stick his head above the parapet..

"Salman Amin, chief executive of McVitie’s maker Pladis, ( 16,000 staff globally) said the case for investing in the UK is now much weaker than it was a decade ago.

He told the CBI conference that the company had previously been “super bullish on the United Kingdom”, which had resulted in the company investing more than £2bn in Britain since 2014.

However, Mr Amin said investor confidence had since been damaged by Rachel Reeves’s recent Budget, as well as officials’ continued oversight of the food and drink sector ".

This Govt need to listen...

No doubt this one. Uk Blue chip stocks over past say 16 yrs not perform well. Overall Gold wins by a small margin but both are way behind the Nasdaq and stocks such as Nvidia. I mean way behind.

Investment the key and as leading innovators Nvidias latest Blackwell B200 chip offers up to 20 petaflops of FP4 horsepower from its 208 billion transistors.

The world is in a race to develop its AI capabilities and quantum technologies. As an example Mr Elon Musk he looking to expand the Colossus supercomputer to 300,000 Nvidia Blackwell B200 GPUs by next summer. Each chip cost circa $30,000 - $40,000

Samsung once the great electronics dynasty seems to have lost its way and its Sp reflects this.

So we start put some flesh on the bones..

B&Q today it says..

"National Insurance Contributions and Other Taxes

Regarding higher employers' National Insurance Contributions (NICs) in the UK, we expect the pro-rated impact in FY 25/26 to be c.£31m, before any mitigations.

Employ around 27,000 staff

£31m quite a lot of money. Also these large premises facing the change in business rates which hit companies with large warehouse type retail etc hard.

Bear this in mind Lloyds employs over twice as many staff as B&Q

Be sure of one thing that budget did business no favour whatsoever.

Quick post.

Barclays being squeezed again this time for historic problems.

"Barclays has been fined £40m over capital raising that averted its need for taxpayer aid during the 2008 financial crisis"..

"The Financial Conduct Authority (FCA) found that the bank should have disclosed more details to the stock market about the £11.8bn in funding, from Qatari and other sovereign investors, that it had previously described as "reckless" and lacking integrity".

The penalty followed a protracted investigation that began in 2013 but was held up by criminal proceedings brought by the Serious Fraud Office that led to the acquittal of all defendants charged, including Barclays.

https://www.msn.com/en-gb/money/other/barclays-fined-40m-over-reckless-financial-crisis-capital-raising/ar-AA1uHjUd?ocid=msedgntp&pc=DCTS&cvid=0a52a3581c974e9aa260bdfc857f2576&ei=11

So no ones fault but big fine.....

Guitarsolo

Respect..

Is a good thing you are doing. As can be quoted from the good lords book.

"And now abideth faith, hope, charity, these three; but the greatest of these is charity." (1 Corinthians 13:13)"..

Is the only one you need to be guided by.

Plenty of countries around the world where people really struggle on a daily basis in real absolute poverty and not as we define it... Is a very sad thing.

In the Uk we were lucky to has people such Titus Salt to show there was a better way people could live.

Morning bros.

Petitions not how this country runs. We have an elected Govt for next 4 yrs like it or not. Only king , bless his majesty has the power to dissolve parliament under "Dissolution and Calling of Parliament Act 2022"...

What I see as the problem is lack of the accountability.

Couple of the last lot should in my book be behind bars for what they did to this country....

Same with lots of other sectors. Banking seems immune also... Who was / will be held to account for PPI and now the car finance scandal...?

If I messed up in my job big style I would be given the red card...

Eyebrow raised in April .. How this should read..

LTI

Chill.

Eyebrow in April when Lloyds slimmed down its risk staff.

https://www.cityam.com/lloyds-cuts-jobs-in-risk-management-as-it-was-blocker-on-transformation-progress/

We also aware that Lloyds state..

"Climate risk remains a key priority for the Group, with positive progress in 2023 and a commitment to continued focus in 2024"....

Risk appetite

"Risk appetite is defined within the Group as the amount and type of risk that the Group is prepared to seek, accept or tolerate in delivering its strategy. The Board is responsible for approving the Group’s Board risk appetite statement annually. Board level risk appetite metrics are augmented further by executive-level metrics and cascaded into detailed business metrics and limits"...

So what gone wrong. ? Also it state the board is responsible..