The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Confidence among small businesses leapt higher in the first quarter of the year, in a sign that the UK’s recovery from recession continues to gather steam.
https://www.cityam.com/small-business-confidence-leaps-higher-as-end-to-uk-recession-gathers-steam/
London’s FTSE 100 closed at a new record high record on Tuesday amid a global stock market rally driven by renewed optimism on interest rate cuts from major central banks.
https://www.cityam.com/ftse-100-breaks-8300-barrier-for-first-time-ever-amid-global-rally/
Hopefully governor bailey will be the first to cut rates on Thursday it's looking like he's going to disappoint everyone by keeping rates on hold, this little rally will soon change direction
The need to bring the Bank rate down is underlined by the latest economic forecasts from the Organisation for Economic Co-operation and Development.
https://www.thisismoney.co.uk/money/comment/article-13372541/Britain-comes-rates-says-ALEX-BRUMMER.html
""Net debt was £385m in January 31 2020 when Stroll took over.
It now stands at £1044m""
The last CEO Amedeo felisa was given a budget of £1.3 million taking a private jet to work, the new CEO lives 100 miles away I hope he hasn't the same budget and commuting in with private helicopter
Research Tree (@research_tree) posted at 10:20 am on Wed, May 01, 2024:
.@WHIGroup has published a new research note on @AlienMetals #UFO
Alien Metals - Alien executes up to A$4 million farm-out joint venture for lithium rights on Pinderi Hills project, Western Australia.
"Alien recently announ..."
https://t.co/MfUERHhI98
(https://x.com/research_tree/status/1785600094269521984?t=r-Ol72Dt_rmZGMVQgncUdQ&s=03)
Chairman Lawrence Stroll said: “2024 is a year of immense product transformation at Aston Martin, with the introduction of four new models to the market before the end of the year.
“Our first quarter performance reflects this expected period of transition, as we ceased production and delivery of our outgoing core models ahead of the ramp up in production of the new Vantage, upgraded DBX707 and our upcoming V12 flagship sports car which we’ve confirmed today.
https://www.cityam.com/aston-martin-losses-rise-more-than-forecast-ahead-of-production-ramp-up/
UK households appear to continue to be withstanding the pressure from higher interest rates with the country’s largest banks all lowering the amount of cash set aside for bad loans.
Barclays, Natwest and Lloyds reported first quarter results last week while HSBC updated investors on Tuesday morning. All four lenders reported lower impairment charges in the first quarter of the year.
https://www.cityam.com/lloyds-hsbc-barclays-and-natwest-results-show-consumer-strength-amid-higher-rates/
Lloyds Bank’s latest Business Barometer has found that overall business confidence is unchanged in April – staying at 42%. The result means the overall confidence figure remains at an elevated level compared to the Barometer’s long-term average (28%), with only January 2024 seeing businesses report higher levels of confidence (44%) in the last 12 months.
https://www.lloydsbankinggroup.com/media/press-releases/2024/lloyds-bank-2024/april-2024-business-barometer.html
The Big Four bank posted an operating profit of £1.3bn in the first three months of 2024, down 27 per cent from £1.82bn in the same period last year but little changed from £1.26bn in the previous quarter. Analysts had expected a first-quarter profit of £1.25bn.
https://www.cityam.com/natwest-profits-slide-27-per-cent-but-beat-market-expectations/
What will drive silver to surge?
Right now, demand for silver is skyrocketing beyond its traditional uses to emerging technologies including electric vehicles and renewable energy projects. Much like gold, silver has been used as a safe-haven asset during economic uncertainties and inflationary pressures – I see no reason why this would not continue.
https://www.proactiveinvestors.co.uk/companies/news/1046176/are-we-facing-a-2010-like-silver-boom-1046176.html