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Business confidence held steady at 33% in April following a decline in March.
A new high of 58% of firms anticipate increasing prices over the next 12 months in response to ongoing inflationary pressures.
Over half of firms (52%, up from 49%) envisage stronger trading conditions in the year ahead.
Employment hiring expectations eased for a second month with 44% (down from 49%) expecting to increase their workforce.
At a regional level there were improvements in seven out of the 12 UK regions after widespread declines in March.
Manufacturing confidence increased by eight points to 43%, erasing part of the 19-point decline in March, helped by somewhat stronger trading prospects.

Hann-Ju Ho, Senior Economist Lloyds Bank Commercial Banking, said:
“April’s data is mixed and follows the significant decline in business confidence in March

https://www.lloydsbankinggroup.com/media/press-releases/2022/lloyds-bank/april-2022-business-barometer.html

US futures are lower after troubling updates from Amazon, Apple and US GDP looking like this morning gains will wipe out with the Friday sell off

The US gross domestic product shrank at an annual rate of 1.4 per cent in the first three months of 2022 as concerns about a recession rise

Lloyds Banking shares have limited upside even though the bank upgraded its profits guidance for the year yesterday, said broker Berenberg.

https://www.proactiveinvestors.co.uk/companies/news/980887/limited-upside-for-lloyds-banking-shares-says-broker-980887.html

onedaysoonish

That’s ok I don’t follow other banks to closely as I’m only invested or stuck in lloyds

GL

Maybe Charlie Nunn could buy some land in the Meterverse Lloyd’s piggy backs the Uk economy as it’s only a Uk focus bank unlike SC bank up 14% this morning, the IMF have cut its forecast for GDP this year to 3.7% from 4.7% and growth rate for 2023 has almost halved to 1.2% from 2.3% don’t expect anything exciting from Lloyd’s for the next 2 years

https://www.reuters.com/world/uk/imf-sees-uk-growth-slowing-weakest-g7-next-year-2022-04-19/

Onedaysoonish
“that's old news”
It’s headline news on reuters this morning maybe you could post something positive instead of criticizing others

https://www.reuters.com/business/barclays-q1-profit-slides-8-beating-expectations-2022-04-28/

Standard Chartered jumps 11% as it’s entering the Metaverse, online banking is the future

https://www.cnbc.com/amp/2022/04/28/standard-chartered-reports-better-than-expected-profit-flags-bullish-outlook.html

Share price up 11%

Barclays puts buyback on hold after trading blunder

I agree with gate13boy plenty of other good stocks out there with don’t piggy back the UK economy, the Uk has just been tipped to be the worst economic growth in league table of the G7 so don’t expect the SP to rally any time soon

April 27 (Reuters) - The Bank of England next week will try to walk what Governor Andrew Bailey calls a "very tight line" between tackling inflation speeding way above the BoE's target and not triggering a recession.

The BoE may try to convince investors again that it will not raise rates as much as they expect. Rate futures are pricing Bank Rate hitting 2.25% by the end of this year with an outside chance of a 50 basis-point hike next week.

https://www.reuters.com/world/uk/boe-set-walk-line-between-inflation-recession-2022-04-27/

The majority of non-EV drivers (58%) say their next car will still be petrol or diesel fueled.

Over half (52%) say they intend to drive a petrol or diesel car for as long as possible.

47% believe there are still too many barriers to driving an electric vehicle (EV).

The biggest blockers are expense (76%), lack of charging points (60%) and worry over battery life and replacement cost (51%).

Iryna Kocharova, Head of Motor Proposition Development and Sustainability, Lloyds Bank said:

“Many drivers are still reticent to make the switch to electric, but the reality is there’s never been a better time, with more new options for every type of driver and budget.

“As well as the obvious environmental benefits, they are cheaper over time and significantly easier to maintain.

“Huge progress has also been made in access to charging points and better battery life, making going electric now a real, sustainable option for many.”

https://www.lloydsbankinggroup.com/media/press-releases/2022/lloyds-bank/more-than-half-of-drivers-avoid-electric-vehicles.html

Charlie Nunn
Group Chief Executive
Solid financial performance
Statutory profit after tax of £1.2 billion (first quarter of 2021: £1.4 billion), reflecting higher net income and a limited underlying impairment charge versus a net credit in the prior year. Tangible net assets per share of 56.5 pence
Strong revenue growth supported by continued recovery in customer activity and interest rate changes. Net income of £4.1 billion, up 12 per cent, with higher net interest and other income, alongside low operating lease depreciation
Underlying net interest income benefitted from increased average interest-earning banking assets and deposit growth in recent quarters including the first quarter of 2022 and a stronger banking net interest margin of 2.68 per cent
Operating costs on the new reporting basis1 of £2.1 billion, up 3 per cent compared to the first quarter of 2021, reflecting stable business-as-usual costs and planned incremental strategic investment
Underlying profit before impairment up 26 per cent to £2.0 billion in the quarter, driven by strong net income growth
Asset quality remains strong. Underlying impairment of £0.2 billion, reflecting a low incurred charge and limited impact from revised economic outlook, including higher inflation offset by stronger house prices and unemployment

https://uk.sports.yahoo.com/news/lloyds-banking-group-plc-2022-060010458.html

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https://www.ft.com/content/08a94781-42e7-4d0c-9e54-dc899c597adf

British Airways is to cut flights until the end of June — a month longer than expected — to help it through the wave of disruption hitting the travel industry.

Airlines have been forced to cancel flights over the past month as they have struggled to rehire sufficient staff to cope with increased demand as border restrictions have eased and people have started travelling again in significant numbers.

https://www.ft.com/content/08a94781-42e7-4d0c-9e54-dc899c597adf

The Civil Avation Authority (CAA) has urged travellers to use £85m of unspent vouchers before they expire at the end of September.
Given by travel firms as refund during the pandemic, the vouchers were issued between March 2020 and December 2021 and are under the Atol scheme, which protects customers if their travel company goes bust.
The vouchers can be used until 30 September to book another holiday or can be exchanged for cash.

“As demand for travel continues to grow again, we want to make sure consumers are making the most of the financial protection available to them.”

Oil
“ Once again. 7 red days out of the last 8. Directly opposite compared to US airlines who had 7 blue days out of 8”

Rule no 1 don’t comparing IAG with other airlines

HSBC puts 2022 buyback ambitions on ice as inflation accelerates

https://finance.yahoo.com/news/heathrow-passenger-numbers-rise-covid-losses-072628170.html

Heathrow website out this morning