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Afternoon Bros
Fore sure the shutting of the steel plant is myopic.
The drums of war are now beating ever louder. Talk is now when not if we confront Russia and also the conscription. Not a good thing I hoped army days all behind me.
We need as much industrial capacity as is possible yet this Govt still not awake.
Even more troubling from Davos. UVL seeing misinformation as the biggest threat.... Ummh..another key figure suggesting with A I election will not be needed as the machine can decide how we would vote...
We living in the strangest of times.
PT
He wanting to sell the publics stake in NWG back to them so he want the price a bit higher.!!
Tbh we have a lame Govt. In deed it is a plague on both their houses.
Brexit was sabotaged and so it sems is removing illegal asylum applicants..
Hopeless is not the word. What we see is the Investment in the uk is ebbing away and the economy tipping on the edge of recession.
Business tax / rates is way too high ... Highstreet is dying, hospitality sector on the ropes ands 10 of thousands of jobs at risk.
We need rid of this govt, but what follows.? I knows many of our HNW clients looking to leave Uk.
PT
Bros.
This maybe of the interest to you
https://www.msn.com/en-gb/money/other/chancellor-convenes-bank-ceo-summit-over-valuation-concerns/ar-AA1naTA1
"The chancellor has called in the bosses of Britain's biggest banks for talks next week amid concerns in Whitehall that their share price weakness is inhibiting lending to the wider economy"...
Bros
Maybe of some use... Lloyd not looking over exposed imo here as I can see, but I am not the expert 😂
"UK banks could be on the hook for more than £1bn in compensation, according to analysts, after the City watchdog announced a review into unfair costs on discretionary car finance commissions.
Analysts at investment bank RBC estimated a downside impact of between some £2bn and £8bn for the motor finance sector.
They said the review could hit Lloyds Bank’s pretax profit by some £270m to £1.2bn, the largest absolute impact of banks in their coverage.
Analysts at Barclays also estimated a potential provision range for Lloyds of between £0.5bn and £1bn but said uncertainty was “high”.
Lloyds shares fell as much as 2.5 per cent this morning. Separately, the stock’s rating was cut by Bank of America.
The Financial Conduct Authority (FCA) last week announced it would “review historical motor finance commission arrangements and sales across several firms” and ensure consumers receive an “appropriate settlement” if it finds evidence of widespread misconduct".. Contd
https://www.msn.com/en-gb/money/other/uk-banks-could-face-major-losses-over-fca-motor-finance-review/ar-AA1mZLEc?ocid=msedgntp&pc=DCTS&cvid=7114761727bd4ec3aad3897641f8fa67&ei=16
DT
Morning Bros
Respect but not just the suez the problem. Maersk planning use trains to freight goods across the USA because of the panama canal problem. Inflation is not going away March cut in the rate maybe put in the cooler. We all knows the drill. Too much money it chase too few goods... = I
Morning Bros
Still the uncertain times are in front of us and I would personally only be average down any stocks held at the moment.
In Germany the farmers are back on the streets as the Govt pushes forward in removing their subsidies in order to balancing the budget. In Germany unlike us they has the schwarze Null, or black zero. This limits a government's budget deficit to 0.35% of economic output.
Middle east the carnage it continue.
Gl and stay sharp.
Livestock
If you thinking interest rates are the only play here and that is the case you may be correct.
In the other news...
"Treasury fears Red Sea attacks could shrink UK economy and trigger energy crisis"..
or...
Just hours after US and UK-led attacks on Yemen aimed at preventing renewed assaults on shipping by Iran-aligned Houthi rebels, it was revealed that freight prices continued to rise over the past week.
"The most widely used measure of freight cost, the Shanghai Containerised Freight Index (SCFI), hit $3,101 (£2,429) per container from $2,871 (£2,249) last Friday, according to data given to Sky News by global logistics company DSV.
It meant that the SCFI, which measures the average cost of a 20ft-long container being shipped from Shanghai to Europe, was 310% up on the level seen at the start of November"...
Not that we as the small island import much... You know what I am saying?
Livestock.
The attack. For sure that is the case.
Without Sunak recalling the Parliament we has declared war on Yemen.
My mother she always says if you find a hornets nest not put a stick in it. We just put the stick in a twisted it.
Big mistake imo. World trade already down 1.3% last month due to this problem.
Hardup respect..
https://www.msn.com/en-au/money/news/martin-lewis-reveals-how-millions-of-drivers-could-receive-a-payout/ar-AA1mO7TK
"And while he and his team are still crunching the numbers, his initial calculations suggest ‘at the top end’ this could lead to PPI-scale payouts – which reached £40 billion – or be big enough to be a form of quantitative easing"...
Rob
Bros . read this.. In other articles the Martin lewis he biggin up saying could be much bigger.
https://consumervoice.uk/money/car-finance-giants-face-legal-claims-of-over-1bn-for-ripping-off-consumers/
"Three collective action lawsuits have been filed at the specialist competition court accusing the three largest car financing companies, Lloyds Banking Group, MotoNovo and Santander, of acting to inflate interest rates.
This anti-competitive conduct meant UK consumers were paying too much – to the tune of £1bn. They claim that consumers were charged higher interest rates when buying used cars on finance due to anti-competitive agreements between providers of car finance and dealers"...
In the other news. There were calls to make the banks put up collateral against claims for fraud etc.. (the new rules)
Govt again trying to killing the golden goose in it..
Iran it seems to has seized a tanker in retaliation for US action earlier in the year. Is all happening in the middle east.
Ukraine war not going well for the West and Sweden now press the panic button with the brace for war rhetoric.
FB
Hamas attack was appalling that is for sure. But what cause them to do that?
In a speech on 28 June 2010, Mr Cameron said: “Everybody knows that we are not going to sort out the problem of the Middle East peace process while there is, effectively, a giant open prison in Gaza.”
Just one month later, during a speech in Turkey, Mr Cameron said: “Let me be clear, the Israeli attack on the Gaza flotilla was completely unacceptable".
..........
In response Israel counter offensive could be viewed as genocide and has achieved what? Is the Arab world a safer place? All it will do is unite its sworn enemies.
Here is the non pay wall link
https://www.msn.com/en-gb/money/other/red-sea-crisis-poses-risk-to-interest-rates-warns-bank-of-england/ar-AA1mLmDe?ocid=msedgntp&pc=EDGEDB&cvid=8b062745ff1c47838eb942dfc0728d3f&ei=9
Morning Bros
Bailey he says "Red Sea crisis poses risk to interest rates, warns Bank of England"
Maybe he right this time.!!!
LTI .
Uk will be making a big mistake imo to take on Houthis directly.
The coalition already off to the false start.
Germany not decide what ship to send, Spain not wanting to move ship from Atlantic anti Somali mission. Italy France not joining coalition.
How difficult it be to sink a ship in the Suez? Look at the chaos when the Evergreen it got stuck..
In the meanwhile Egypt putting up the transit cost through the Suez.
Is a big problem for sure and Israel have set in motion a potential disaster for the West imo.
Casp
Bros.
Good summary that one..
Rothesay also in the frame ...
Is reported that "This would allow the banking giant (lloyds) to focus on its core workplace, individual pensions and direct-to-consumer insurance, and investments products".
LTI he not happy man.. He worried maybe that Pontins is closing down and that his summer holidays gone ...
Brix
Bros
"We have now arrived at a point where nothing good comes out of America"..
For sure that seems the case.
National debt just passing the $34 trillion and costing over $1trillion to serve and is working out at $240,000 per tax payer. https://www.usdebtclock.org/
To put that vast sum in the comparison. Its more than Uncle Sam he spend on the entire defence budget..
"The most recent National Defense Authorization Act supports $841.4 billion in funding for the Defense Department"...
Mr Meerkat bros
Respect . Can you put me the 39p.
Good work you do with the figures each week.
Apart from the things we see. the wars, labour Govt waiting in the wings, disruption to world trade, effects of mass immigration and the worsening of the nations finances what happen when say Palestine or Ukraine need rebuilding? Who fund that and what role the BIS?. war bonds, transfer of assets ( the great taking). Plenty of the uncertainty ahead.
Morning Bros..
I would sees the end of the year SP for the lloyds bank at around 39p.
We got the Labour inbound and a whole load of stuff kicking off.
We got to be straight Uk, Europe and rest of the West not in the good shape and it getting worse.
War is very expensive and we now got our Govt wanting to get involved with Houthis directly and Venezeula. Is bad thing. What Houthis do? They will target any Uk bound ship as I sees it.
Overall we is worse than this time last year...
Evening bros.
In the Guardian is an article. Is a big problem for sure. Shipping number cut in half with more than at present 40% of consumer goods traded between north-east Asia and the US east coast are transported through the canal.
"Changing climate casts a shadow over the future of the Panama Canal – and global trade".
https://www.msn.com/en-gb/news/world/changing-climate-casts-a-shadow-over-the-future-of-the-panama-canal-and-global-trade/ar-AA1lS5Bs?ocid=msedgntp&pc=EDGEDB&cvid=32a74493ebbe4414908f87f05ebc486d&ei=28