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Banks are expected to ramp up their lending this year as the UK economy dodges the gloomiest recession predictions and the housing markets shows signs of some revival, according to a panel of top economists.

Total UK bank loans are now expected to rise 1.2 per cent this year, a net increase of £29bn, upgraded from a 0.1 per cent fall forecast in February, according to the EY ITEM Club UK Bank Lending Forecast.

Https://www.google.com/amp/s/www.marketwatch.com/amp/story/newcrest-mining-agrees-to-takeover-by-newmont-df889a44

Lloyds accused of ‘stuffing bankers’ pockets’ as it proposes £9.1m CEO deal

https://www.google.com/amp/s/amp.theguardian.com/business/2023/feb/22/lloyds-bankers-bonus-pot

The FTSE 100 is expected to make a bright start to the week despite ongoing nervousness about the debt ceiling discussions in the US.

Spread betting companies are calling London’s lead index up by around 35 points

Https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-12080419/amp/Close-Brothers-hit-hedge-fund-short-selling.html

Britain is on course to officially dodge a technical recession in the first half of this year, demonstrating the big turnaround in the country’s economic fortunes in just a handful of months, figures out today show.

Gross domestic product (GDP) – which measures all goods and services made in an economy – edged 0.1 per cent higher in the three months to March, the Office for National Statistics (ONS) found.

Https://www.businessinsider.com/aston-martin-f1-safety-car-sales-lawrence-stroll-2023-5

Https://www.motortrend.com/news/mid-engine-aston-martin-vanquish-cancelled

Heathrow Airport and three major airlines have been granted permission to appeal the Civil Aviation Authority (CAA)’s decision on the Heathrow price cap this afternoon.

The airlines, which are Virgin Atlantic, British Airways and Delta Air Lines, have been locked in a fierce dispute with Heathrow over the amount the airport can charge per passenger.

https://www.cityam.com/heathrow-vs-airlines-dispute-continues-as-parties-given-permission-to-appeal-price-cap/

Heathrow Airport reported 6.4 million passengers over April, a month which included travellers flocking to the UK for King Charles’ coronation, as well as continued strike action.

The West London hub said that there were indications passenger growth may be levelling off after the post-pandemic rebound, with recovery now stable at between 93-95 per cent over the first quarter.

https://www.cityam.com/heathrow-londons-airport-lands-coronation-boost-with-6-4m-flyers-and-90-per-cent-get-through-security-in-10-mins/

Lloyds Bank makes £175 million pounds of revenue for every 25 bases points in interest rates

With rates at 4.5% Lloyds profits from net interest revenue is 3.150 billion 📈🚀

KEY POINTS

China's core inflation, excluding food and energy, remained steady at 0.7% year-on-year and 0.1% month-on-month.

China's service-driven inflation readings show there is less of a possibility for inflation from China's reopening to lead to a spillover effect to the global economy, Societe Generale economists said.

https://www.google.com/amp/s/www.cnbc.com/amp/2023/05/11/china-cpi-ppi-april-inflation.html

The FTSE 100 is expected to make steady progress ahead of the interest rate call by the Bank of England.

Spread betting companies are calling London’s lead index up by around 11 points

Virgin Atlantic said today that challenges surrounding last years passenger cap at Heathrow and ongoing economic uncertainty affected its final year results, with the airline not expecting to return to profit in 2023.

https://www.cityam.com/virgin-atlantic-hits-out-at-heathrow-failings-as-high-costs-delay-post-pandemic-recovery/

Https://www.carscoops.com/2023/05/aston-martin-will-launch-8-new-sportscars-in-the-next-two-years/

Hopefully it's time for a share price re-rating 📈

https://www.telegraph.co.uk/investing/shares/lloyds-has-shrunk-itself-back-to-health-and-appeals-income/

Traders are predicting a 98% chance of a 25 bps hike from the BoE this week

Keep hiking them rates governor bailey I want more buybacks and bigger dividends

The share price is having a good rally this afternoon 🚀📈🤙

Https://www.proactiveinvestors.co.uk/companies/news/1014467/shares-in-british-airways-owner-iag-could-more-than-double-claims-analyst-1014467.html

Yes dose seem sluggish today I see we can use emojis

🏦💷📈💰💰💰💰🤦