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BANGKOK, May 31 (Reuters) - Major Chinese automaker Geely is in the early stages of planning an entry to Thailand's electric vehicle (EV) market, including weighing models for import and local manufacturing, according to two people with knowledge of the discussions.

The considerations include whether to market an entry-level electric car in Thailand as well as an electric pickup truck from its new Radar brand, the people told Reuters, asking not to be named because the talks remain private.

Thailand offers some subsidies for EVs, provided automakers commit to bringing production of cars and parts to the country over a period of several years.

Geely, which owns a portfolio of brands including Swedish automaker Volvo, Polestar, Lotus and Zeekr, doubled its stake in luxury carmaker Aston Martin in May.

https://www.reuters.com/business/autos-transportation/chinas-geely-early-talks-enter-thailand-ev-market-sources-2023-05-31/

Business confidence fell by five points in May to 28%, the first fall in three months, according to the Lloyds Bank Business Barometer. However, confidence levels remain in line with the Barometer’s long-term average and firmly above last November’s low of 10%.

The first decline since February was led by moderate falls in both firms’ own trading prospects and their optimism regarding the wider economy.

Firms’ assessment of strong trading prospects for the next twelve months fell for a second consecutive month, from 55% in April to 49% in May, but remain above levels seen earlier in the year (27% in January).

https://www.lloydsbankinggroup.com/media/press-releases/2023/lloyds-bank-2023/may-2023-business-barometer.html

Iron ore 103.50 Down 0.96%

BEIJING, May 31 (Reuters) - China's factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower.

The official manufacturing purchasing managers' index (PMI) fell to a five-month low of 48.8, the National Bureau of Statistics (NBS) said on Wednesday, down from 49.2 in April and below the 50-point mark that separates expansion from contraction. The PMI also dashed forecasts for an increase to 49.4.

https://www.reuters.com/markets/asia/chinas-factory-activity-falls-faster-than-expected-weak-demand-pmi-2023-05-31/

The FTSE 100 is expected to open lower on Wednesday after Asian markets fell after weak manufacturing data in China.

Spread betting companies are calling London’s lead index down by around 50 points

22 months in and the share price is still lower than when Charlie Nunn took over as CEO maybe it's time to offer a bonus same as Antonio horta £1.7 million to keep the share price above 73p the breakeven point of the taxpayer bailout – for six months. Or better still get rid of him

Banks face a bill of up to £500m after a court ruling paved the way for thousands of timeshare owners to sue their lenders.

Timeshares proved hugely popular in the 1980s and 1990s but they fell out of favour as the sector became synonymous with aggressive sales techniques.

https://www.thisismoney.co.uk/money/markets/article-12138589/amp/Banks-face-500m-bill-landmark-High-Court-ruling-timeshares.html

Iron ore 104.50 up 2.45%

US President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on Sunday to raise the country’s debt ceiling, now at $31 trillion, while also ensuring enough Republican and Democratic votes to pass the measure in the coming week.

Lloyds Bank this weekend fired a salvo at Facebook-owner Meta, slamming it for failing to stop a 'Wild West' surge in online shopping scams. Britain's biggest retail bank – which has 26 million customers – blasted the social media giant for enabling so-called 'purchase' frauds.

The banking group claimed two-thirds of the scams start on Meta-owned platforms, which also includes Instagram.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-12131155/amp/Lloyds-slams-Facebook-owner-failing-stop-online-scams.html

Https://www.proactiveinvestors.co.uk/companies/news/1016178/british-airways-slammed-by-which-over-bank-holiday-disruption-1016178.html

Https://www.cityam.com/half-term-havoc-as-british-airways-cancel-175-flights-following-it-glitch/

Lloyds Bank and Channel 4 today announces the launch of Black in Business - a new initiative developed in partnership with Channel 4 which offers five Black business owners an opportunity to secure a reward of £100,000 worth of TV advertising and a creative TV commercial

https://www.lloydsbankinggroup.com/media/press-releases/2023/lloyds-bank-2023/lloyds-bank-and-channel-4-join-forces.html

June next week and still no sign of the heritage clearance it's probably a safe bet to say another 6 months and shareholders might get a update it's a big difference from Bills prediction of shovel ready early 2023

Iron ore 98.50 -1.00%

https://tradingeconomics.com/commodity/iron-ore

Charlie Nunn took the reins 16 august 2021 share price was 45.63p today 21 months later the share price is the same what a great investment Lloyds has been

Iron ore down 1.00% as China summer lull in steel demand looms

The FTSE 100 is set to edge higher on Friday ahead of retail sales figures which will provide another gauge as to the confidence of the UK consumer while President Biden declared there would be no default as the debt ceiling crisis rumbled on.

Spread betting companies see London’s lead index opening 4 points higher

Mr McIllree doesn't see the share price moving up any time soon he might know about problems with in the company and not aloud to talk about, this could be the reason for walking away

British car manufacturing made further gains in April, with output increasing for the third month in a row, up 9.9%, according to the latest figures by the Society of Motor Manufacturers and Traders (SMMT).

Mike Hawes, SMMT Chief Executive, said, “UK car production is starting to motor again, good news for the sector and the many thousands of jobs and livelihoods it sustains.”

The data showed 66,527 cars rolled out of factory gates, 5,973 more than in April last year as global supply chain shortages, most notably of semiconductors, continued to ease.

https://www.proactiveinvestors.co.uk/companies/news/1016070/uk-car-production-jumps-10-as-exports-soar-1016070.html?rel=scroll