Member Info for hardup

"We are still giving money to countries that won't even condemn Putins actions."
We are still giving money to India who have taken advantage of the Russian invasion to increase the amount of oil they buy from Russia at a discounted price while we are getting shafted with higher oil/gas/electricity costs!

seany123
I read an article saying if the BOE did reduce the interest paid on Bank deposits it would result in around a 20% reduction in profits for the Banks.

SUFC
"Windfall taxes has been mooted on Oil and Gas shares for months now and and they still have risen 40%"
That would soon change if the Government did impose a windfall tax on Oil and Gas shares. And the SP of all the Banks has gone down immediately after it was revealed that the Government was considering reducing the interest paid to Banks for deposits held with the BOE, and, they have not recovered yet.

mtm......I see you over on the Barclays BB predicting Barclays SP could go sub 100p. lol

The IMF is going to lower its Global Growth Forecast for 2022/2023 at its next World Economic Outlook statement due to be released on Tuesday October 11th. I guess that will have a negative impact on the Markets?

https://www.moneycontrol.com/news/photos/business/imf-to-slash-global-economic-growth-forecast-for-2023-heres-what-chief-kristalina-georgieva-said-9290861.html

"Scottish wind power is paid not to produce electricity cos it to far from the point of maximum usage. Fact . Insufficient cables and storage."
They have got around this in Orkney by converting the electricity produced by windmills in remote islands into hydrogen by electrolysis of water. They hydrogen is then held in containers and transferred to Orkney mainland where it can be converted back to electricity or used to power hydrogen powered cars.

https://www.bighit.eu/about

This is something one would expect from a Labour Government, not a Conservative Government. If they do go ahead and do this they are just banging another nail in their coffin!

skier1
"Not sure LLOY is a wise choice for its modest 5% dividend. Especially when the share price has plunged -85% from its peak"
When it has plunged 85% from it's peak and you still get 5% dividend would you not say that is the best time to buy and wait for SP recovery whilst picking up the dividend on the way? A progressive dividend as well which has just been rebased so prospects for dividend growth at the same time.

WB
Good man, well done.

After 154 trading days, buyback complete to date:
Total shares to date.................................................4,509,724,937
Total Cost to date... ............................................... £1,992,072,985.74
Average price paid to date.......................................44.173p
Percentage of £2 billion buyback completed.........99.6%

"What incentive is there for me to save energy?"
Irrespective of what the standing charge you pay, the more electricity you use, the higher your bill will be.

Theosus
You beat me to it.....didn't see you post until after I had posted!

Oakie
The same article is available here.

https://jnews.uk/uk-banks-mortgages-are-bringing-an-embarrassment-of-riches/

DOW dragging the Markets and Banks down again!

https://www.proactiveinvestors.co.uk/companies/news/994456/lloyds-l-g-tesla-and-passive-funds-most-popular-for-uk-investors-in-september-994456.html

Just seen on the news in Scotland the Scottish Government are going to bring in a temporary freeze on rents and stop evictions until March 2023, with provision to extend further.

https://www.gov.scot/publications/cost-of-living-rent-and-eviction/

After 153 trading days, buyback complete to date:
Total shares to date.................................................4,487,052,730
Total Cost to date... ............................................... £1,982,305,798.97
Average price paid to date.......................................44.178p
Percentage of £2 billion buyback completed.........99.12%

SUFC
"I taken a few minutes out of my holiday to catch up and read about some lloyd's news and all I read about is personal insults and in fighting."
In other words, a normal day on the Lloyds BB.
PMSL

Falky
"Cos most of the Food *Banks* gets their food from Tesco."
What relevance does that have to a) Tesco SP and b) Lloyds BB?

"TESCO has gone sub £2....20p left...DYOR"
Why would anyone be interested in Tesco SP movements on the Lloyds BB?