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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

The Bank of England is poised to intensify the strain on households and businesses’ finances by hiking interest rates for the 12th time in a row this Thursday in a bid to bring down inflation, City analysts are betting.

Threadneedle Street’s nine-member Monetary Policy Committee (MPC), the group tasked with setting official borrowing costs in the UK, is anticipated to kick rates 25 basis points higher to 4.5 per cent, their highest level since October 2008.

https://www.cityam.com/bank-of-england-to-hike-interest-rates-for-twelfth-time-in-a-row-and-forecast-falling-inflation/

UK house prices dipped in April, but market is more stable

• Average house price decreased by -0.3% in April (following +0.8% rise in March)

• Annual rate of house price growth slowed to +0.1% (vs +1.6% in March)

• Typical UK property now costs £286,896 (compared to £287,891 in March)

• First-time buyer market remains resilient in the face of rising rental costs

• House prices in the south of England under the greatest pressure

Kim Kinnaird, Director, Halifax Mortgages, said:

“After three consecutive months of growth, the average UK house price fell in April, down by -0.3% or around £1,000 over the month. The rate of annual house price inflation also slowed further to +0.1%, from +1.6% in March, meaning average property prices are largely unchanged from this time last year. A typical property now costs £286,896, which is around £7,000 below last summer’s peak, though still some £28,000 higher than two years ago.

https://www.pmi.spglobal.com/Public/Home/PressRelease/1c223743e5ca4b69b26113cc53b5c1f1

Looking good to stay above $100 figures out today china's imports of iron ore rose 5.1% in April

https://www.google.com/amp/s/www.forexlive.com/news/chinas-april-iron-ore-imports-up-5-yy-at-904-million-tonnes-20230509/amp/

Bertram

"Lloyds bank is reducing shares in circulation, lifting sp"

Charlie Nunn took the reins 16 august 2021 share price was 45.63p today price is 45.76p what a great investment Lloyds has been up 13p in 21months

Iron ore down again set's a new year to date price 99.50 -3.87%

Australia’s exports to China hit record highs as barriers ease
https://www.hellenicshippingnews.com/australias-exports-to-china-hit-record-highs-as-barriers-ease/

Credit Suisse Trims Price Target on Lloyds Banking Group to GBP0.69

Matml74
I don't see you pulling up the posters on the price of silver and that's 2 years plus away
Jog on buddy

Tiggrrr

The price of iron ore is probably the most important thing for alien metals when we're going into production are you getting upset as it's not ramping the stock, the pump and dumper have turned this forum into a soap box

The FTSE 100 is expected to open higher despite further heavy losses on Wall Street as the banking turmoil hitting midsized US bans showed no signs of easing.

Spread betting companies are calling London’s lead index up by around 30 points

cjmorley
"On Oct 24 2022 it was $83"

That was last year's we in 2023 now

Operating profit before exceptional items of €9 million, up €750 million versus quarter 1, 2022 and a positive outcome for quarter 1 for the first time since quarter 1, 2019, representing ongoing strong customer demand across all our airlines

• Better than expected1 due to strong yield performance across the Group and the benefit of a lower fuel price

• We continue to focus our capacity deployment on our core Latin America and North Atlantic markets, which are now back at pre-pandemic levels of capacity, as well as growing Vueling's year-round leisure network

• Encouraging outlook for the summer with around 80% of expected quarter 2 revenue now booked

• We currently expect our full year 2023 operating profit before exceptional items to be higher than the top end of our previous guidance of €1.8 billion to €2.3 billion

Rod McIllree, Executive Director, commented:

"I am pleased to announce that we have successfully brought forward and concluded the acquisition of the Mallina tenement consolidating our tenement holding in and around Han****. Fast tracking this provides us with a strategic advantage in progressing our project timeline and additionally provides further exploration upside, allowing us to expand the footprint of known targets."

Iron ore sets a new one-year low price 103.50 down 2.76%

GBP/USD Pound Sterling eyes new one-year high great news for IAG get more bang for it's buck as most of it's trade is across the pond

The fall in share price is only short term bit of making uncertainty analysis are saying there's a 50% chance interest rates hitting 5% by August, the extra earnings from loan books and buybacks will push the banks next quality profits way above 46%

FED hiking interest rates have forced investors into gold and silver extended recent gains of precious metals

The European Central Bank today hiked interest rates for the seventh time in a row and slowed the pace of its aggressive campaign to tame inflation.

President Christine Lagarde and the rest of the governing council sent borrowing costs among the 20 countries using the euro up 25 basis points to 3.25 per cent, their highest level in nearly 15 years

Britain’s composite PMI – which measures output across the private sector – jumped to 54.9 points, signalling the country’s economy is growing at a fairly decent pace. Its manufacturing sector is shrinking.

S&P Global and CIPS’ surveys have a 50 point threshold that separates growth from contraction. The UK’s services PMI has been above that level for a few months now.

Today’s numbers reinforce the economy’s better than feared performance since the turn of the year.

https://www.cityam.com/inflation-reignites-in-uk-as-economy-powers-further-away-from-feared-recession/

May 4 (Reuters) - Dalian and Singapore iron ore futures hit five-month lows on Thursday, following a more than 10% drop in the past month, with the weaker-than-expected China factory activity data and gloomy near-term downstream demand outlook weighing on sentiment.

The Caixin/S&P Global manufacturing purchasing managers' index (PMI) fell to 49.5 in April from 50.0 the previous month, missing expectations of 50.3 in a Reuters poll and marking the first contraction since January.