Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
ALIEN METALS (@AlienMetals) posted at 0:48 pm on Fri, Jan 12, 2024:
Steel exports surged by 43.2% in December, hitting a seven-year high of 90.26 million tons for the year. Analysts anticipate continued growth in iron ore imports in 2024, aligning with mild steel consumption forecasts.
#ironore #alienmetals #mining #UFO #investing #AIM #LSE
3/3
(https://x.com/AlienMetals/status/1745789914631778549?t=Ri8Z7PMoDe6MYIh6TPokqw&s=03)
Gate13boy
"Livestock did indeed champion rising interest rates for Lloyd’s"
That's right me and financial experts were call for higher interest rates now I see the financial experts are saying later in the year when the yield curved drops off and interest rates start dropping UK banks will be in a good position to rise,
I hope so
Audioboom has set it's sights on making record revenues
The group, whose top investor is property tycoon nick candy hopes to strengthen it's position as one of the biggest podcasts publishers in the US, it added three shows to it's network which is expected to generate more than five million downloads a month next year
It's podcasts created more than one billion advertising impressions for the first time last month
Bank of America has cut its inflation estimates for the UK and broguht forward its expectation of when the first UK rate cut will happen.
Its 2024 forecast for headline inflation drops to 3% (-40bp), while 2025 falls only 10bp.
"We expect core inflation now to average 3.8% in 2024 (-20bp) and 3% in 2025 (-10bp)," it said.
"Disinflation is likely to happen faster than we thought a couple of months ago, but it is still much slower than elsewhere, particularly when it comes to services inflation," BofA said.
It still thinks the UK still has a "persistent inflation problem, despite recent improvements."
"However, with faster disinflation, there is less need to keep real rates as high as we thought before."
Hence, it nows expect the BoE to keep Bank Rate on hold at 5.25% until August 2024 (from February 2025 before), and expects a cutting cycle of 25bp per quarter from there.
The UK will be the last of the major central banks to start the cutting cycle and it is likely to move slower, at least compared with the ECB, the bank preedicts.
Shares in Lloyds Banking Group are up around 1.1% after Morgan Stanley (NYSE:MS) named it as its top UK banking pick.
“Deposit mix migration has slowed down during Q3, which could make 4Q [net interest margins] less bad than feared and provides better visibility for 2024.”
“We re-iterate our positive view on UK banks, and see Lloyds as Top Pick.”
For Lloyds, the broker forecast [net interest margin] would fall 6 basis points quarter-on-quarter to 3.02% in-line with company guidance and consensus.
For 2024, it predicts a 2.94% NIM which is also consistent with the guidance of "below 3%".
It estimates a £500 million provision release related to the write-back of the Telegraph debt in December, which leads it to raise its share buyback expectations from £2 billion to £2.5 billion, higher than consensus at £2.2 billion.
“On 0.9x [tangible net asset value] for a 13% [return on tangible equity] 2024-2026E, we re-iterate our ‘overweight’ on the stock,” the bank said.
Lloyds having a good rally this morning as UK economy which rebounded more than forecast in November driven by growth in the services sector, according to official figures which ease fears of a technical recession
The UK economy returned to growth in November, with gross domestic product (GDP) expanding by 0.3% during the month, according to the Office for National Statistics (ONS).
It follows the 0.3% contraction in October and is slightly stronger than the 0.2% predicted by economists.
However, looking at the three months to November, the UK economy actually shrank by 0.2%. Output in services grew by 0.4% during the month.
https://uk.finance.yahoo.com/news/uk-economy-bounces-back-gdp-072337648.html
FTSE called higher ahead of US banking results
The FTSE 100 is expected to rally on Friday after US markets recovered early losses to close little changed following Thursday’s strong inflation print.
Spread betting companies are calling London’s blue-chip index up by around 30 points
Fordm
"But really all these numbers mean diddly squat to the IAG"
You must be new to IAG and investing in airline industry passenger numbers are very important
That would the market value IAG at if the passenger numbers said nobody was flying
Heathrow reported its busiest ever December this year, driven by booming demand for transatlantic travel and a bumper Christmas.
Some 6.6m passengers passed through the west-London hub last month. Of those, 1.6m involved trips across the pond, helping New York’s JFK airport clinch the top spot as the most popular destination for the year.
The record month was also boosted by nearly 800 flights departing on Christmas day and carrying 142,000 passengers.
December brought Heathrow’s total annual passenger numbers to 79m over 2023, a year which saw Europe’s busiest hub finally break pre-pandemic traffic levels and edge closer to turning a profit.
https://www.cityam.com/london-heathrow-airport-has-its-busiest-ever-december-as-transatlantic-travel-booms/
The US has made the long-awaited decision to allow Bitcoin to be part of mainstream investing funds.
It has approved what are known as spot Bitcoin exchange-traded funds (ETFs), which can be purchased by anyone from pension funds to ordinary investors.
https://www.google.com/amp/s/www.bbc.co.uk/news/technology-67916142.amp