Member Info for livestock

Looking good for 60p on results day

At last, my Lloyds shares are up

https://www.fool.co.uk/2023/02/08/at-last-my-lloyds-shares-are-up-but-will-it-last/

Britain’s economy is set to squeeze out 0.2 per cent of GDP growth in 2023, meaning it will just about swerve a technical reversal, two consecutive quarters of contraction, according to the National Institute of Economic and Social Research (NIESR).

https://www.cityam.com/uk-to-narrowly-avoid-recession-but-cost-of-living-crisis-will-leave-families-4000-worse-off/

FTSE 100 is expected to open higher, and push back towards its recently hit record highs, after US markets advanced following comments from Fed chair, Jerome Powell that inflation has begun to decline.

Spread betting companies are calling the lead index up by around 42 points

Mr Nunn told the hearing: “When you look at instant access savings, we see between 5% to 7% of all of our balances churning – moving between our competitors – every month. So it’s one of the most actively moved products or services that we have.”

https://www.standard.co.uk/news/politics/treasury-committee-mps-lloyds-banking-group-five-b1058500.html

Charlie Nunn from Lloyds also said saving accounts were not necessarily the most important thing for offering support. “Its about targeting the customers that need support, [who] typically don’t have savings.”

https://www.cityam.com/bank-chiefs-hit-back-at-accusations-of-profiteering-on-higher-interest-rates/

Lloyds was upgraded to an ‘overweight’ rating from ‘equal weight’, with a new price target of 75p, up from 55p, versus a close price of 53.3p at the end of last week.

https://www.proactiveinvestors.co.uk/companies/news/1005463/lloyds-banking-and-natwest-tipped-by-analysts-for-jumbo-cash-return-announcements-1005463.html

https://www.proactiveinvestors.co.uk/companies/news/1005287/uk-car-registrations-rise-for-sixth-month-in-a-row-smmt-1005287.html?rel=scroll

British Airways has cancelled a raft of flights at London airports after a the thick layer of fog engulfed the capital.

The legacy carrier has axed around 30 flights at Heathrow – between arrivals and departures – after a limit was imposed by air traffic control.

The number of people falling victim to romance scams increased by more than 30% last year, according to new data from Lloyds Bank.

https://www.lloydsbankinggroup.com/media/press-releases/2023/lloyds-bank-2023/criminals-turn-to-romance-scams-as-reports-soar-by-30-per-cent.html

Looks like your numbers up 54p broker rating

Lloyds Banking Group also firmed as Citi ranked it top in its UK bank sector picks.

On the sector Citi said: “We expect 2023 outlook commentary to be upbeat on net interest margins and cost of risk.”

The broker said its order of preference in the sector was Lloyds (Buy), Natwest (Buy), Barclays (Buy), Virgin Money UK (Buy), HSBC (Buy) and Standard Chartered (Neutral)

A ‘squeeze’ on household incomes has seen the housing market slow to its lowest level on record over the last three years, with house prices dipping in the South East and London.

According to figures published in the Halifax House price index, growth dipped to 1.9 per cent in January down from 2.1 per cent in December.

“The rising cost of living and higher interest rates would lead to a slower housing market, particularly compared to the rapid growth of recent years,” said Kim Kinnaird, director, at Halifax Mortgages.

https://www.cityam.com/halifax-uk-house-prices-slow-to-three-year-low-as-cost-of-living-crisis-drags-down-london-property-market/

FTSE 100 is expected to edge higher at the open with results from oil major BP PLC (LSE:BP.) the early focus in London.

Spread betting companies are calling the lead index up by around 12 points

Car registrations rose by 14.7% in January, with 131,994 new cars hitting the road

It's lucky Lloyds is UK focused bank

Barclays raises Lloyds Banking to 'overweight' (equal weight) - price target 75 pence

FTSE 100 is expected to open lower on Monday retreating from its new recoed levels established on Friday.

Spread betting companies are calling the lead index down by around 33 points

The UK economy narrowly avoided a recession at the end of last year, new official figures out this week are expected to reveal.

City traders think new GDP numbers from the Office for National Statistics on Friday will show the economy contracted 0.3 per cent in December, meaning the UK will have just about skirted a technical recession, defined as two consecutive quarters of contraction.

Economists reckon the economy will have had to contract at least 0.4 per cent for quarterly GDP to be negative, which would tip the country into recession.

Any bigger than forecast GDP drop is likely to knock investor sentiment and drive London’s FTSE 100 index lower.

https://www.cityam.com/week-ahead-uk-economy-to-narrowly-avoid-recession-but-gdp-still-expected-to-shrink/

The interesting feature of the UK banking market is the concentration of lenders with large market shares in the UK residential market. By some measures, Lloyds Banking Group (LLOY) is the largest residential lender, with 18 per cent of the UK market. Its earnings, along with the rest of the high-street titans, have been on an upgrade cycle over the course of the past year – for UK banks those forecast upgrades amount to as much as 20 per cent year on year. However, share prices for the sector, with some exceptions, have not kept pace with the predictions.

This reflects negative market conditions towards the end of 2022, and also the time lag between interest rate rises and the benefit that banks accrue from them. On average, it takes roughly 12 months for higher rates to feed through to better net interest margins as borrowers refinance their debts once existing deals expire. Lloyds should get there eventually, but rival NatWest (NWG) has demonstrated a few structural advantages that have led investors to favour the shares. The company, after mammoth restructuring, has managed to lower its cost base faster than most of its rivals and has excess capital ready to return to shareholders when the conditions favour it. Broker Berenberg reckons NatWest can afford annual capital returns of approximately 15 per cent.

https://www.investorschronicle.co.uk/news/2023/02/02/ftse-350-review-bank-shares-set-to-make-money/

"I will buy again at 150ish"

Is there another pandemic coming