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The UK government will this week consider loosening travel restrictions for travellers from the EU and the US, with one senior airport executive confident that ministers would broaden quarantine exemptions “imminently”

https://www.google.com/amp/s/amp.ft.com/content/8f7b59c7-89b5-4ca5-a0a4-7f1355fab3e0

LONDON, July 26 (Reuters) - London's Heathrow Airport and Britain's main airlines urged the UK to open up travel to vaccinated passengers or face more job losses, as hopes rose that travellers from the United States could be given the green light this week.

Heathrow Chief Executive John Holland-Kaye said Britain could exempt fully vaccinated U.S. citizens from quarantine in the coming days, in what would be a huge boost to the country's aviation industry which continues to be plagued by uncertainty.

https://www.reuters.com/world/uk/heathrow-airport-calls-uk-open-up-vaccinated-travellers-2021-07-26/

The FTSE 100 followed Asia lower as the shockwaves from China’s tech clampdown were felt in the Square Mile

stevebt

""I do think there is no way that the withheld dividend will be paid in full as not many firms have returned the money withheld back to share holders""

Regulators have spent ten years making the banks more resilient to another recession they are so well capitalized I don't think they needed to stop the dividend payouts it was BoE being over courses

That's interesting I sent a email to but no reply

SUFCESSEX
The easiest thing to do with the withheld 2018/2019 dividend 2.25p is a buyback not that I'm in agreement with this but anything think else is to complicated with who gets what

City analysts think Lloyds will turbocharge 2020’s full-year dividend of 0.57p per share to 2.2p in 2021. This results in a mammoth 4.7% dividend yield

GDP growth is widely anticipated to have been exceptionally strong—we continue to look for an increase of 10.5% annualized growth. Meanwhile, with inflation picking up any upside surprise with the employment cost index (forecast 0.8%) and core PCE prices (forecast: 0.445%) would be noteworthy

FTSE 100 set to open in the red after a turbulent early session in Asia with tech stocks once again in China's cross-hairs

Activist investor Elliott has pumped another £20million into British start-up bank Chetwood.

The latest investment from the New York-based hedge fund takes its stake in the digital lender to £134million.

Elliott is among a string of Wall Street firms including JPMorgan and Goldman Sachs to pile into Britain's digital banking and wealth management industry.

Goldman Sachs launched its UK online bank Marcus in 2018 while rival bank JPMorgan is plotting to unveil a digital bank, Chase, in September.

JPMorgan also snapped up online wealth manager Nutmeg last month for £700million.

Wrexham-based Chetwood was founded by former HSBC banker Andy Mielczarek in 2016.

The bank, which opened an office in London last year, offers products that are different from the high street lenders.

Chetwood provides loans with interest rates that fall as a borrower's credit score improves.

Fees for late payments were ditched because the bank says it is 'unfair' to penalise customers.

Business lender OakNorth was the first of the digital upstarts to report an annual profit.

The annual dash to post corporate results before the August holidays takes place next week with an avalanche of figures for investors to digest.

NatWest, Lloyds and Barclays are among those posting interim results. The latter could prove the most interesting after the recent rush of deal-making and flotations.

Barclays' bankers have been on the ticket for several deals and they advised on this week's much-anticipated flotation of trading app Robinhood.

Analysts are pencilling in first half profits of £4billion, against £1.3billion a year before, so an interim payout of 1.8p a share and 5.7p for the year are expected.

That cost equates to 0.9 per cent of UK GDP in the first quarter of this year, or 0.2 per cent of total GDP in 2020 – about one third of the entire UK aid budget. The daily cost of the lost output is estimated at £102.2 million for pings received on "Freedom Day" alone, rising to a peak of £227.6 million on August 5, the CEBR said.

Karl Thompson, a CEBR economist who drew up the figures, told The Telegraph: "We've assumed that Freedom Day will cause the pace of infection to continue at the rate seen in recent weeks. Taking this into account, our calculated GDP impact is nearly £5 billion over the next month, equivalent to a loss of about 2.5 per cent of monthly GDP."

The Centre for Economics and Business Research (CEBR) said the cost of the pings could reach £4.6 billion between "Freedom Day" on July 19 and August 16, when double-jabbed people will be able to return to work after a negative PCR test.

Sadanby001
Heathrow Airport expects 60,000 passengers to depart daily

https://www.google.com/amp/s/www.bbc.com/news/uk-57948383.amp

Flash U.S. Composite PMI

Flash U.S. Composite Output Index at 59.7 (63.7 in June). 4-month low.
Flash U.S. Services Business Activity Index at 59.8 (64.6 in June). 5-month low.
Flash U.S. Manufacturing PMI at 63.1 (62.1 in June). Series record high.
Flash U.S. Manufacturing Output Index at 59.5 (58.9 in June). 2-month high

WASHINGTON, July 23 (Reuters) - U.S. business activity grew at a moderate pace for a second straight month in July amid supply constraints, suggesting a cooling in economic activity after what was expected to have been a robust second quarter.

https://www.reuters.com/business/us-business-activity-cools-further-july-ihs-markit-survey-2021-07-23/

Rosewall what time are you poking your head out the kiosk today, another black day I expect

UK private sector growth at four-month low as shortages of staff and materials hinder recovery in July
Key data
Flash UK Composite Output Index
July: 57.7, 4-month low (June final: 62.2)
Flash UK Services Business Activity Index July: 57.8, 4-month low (June final: 62.4)
Flash UK Manufacturing Output Index July: 57.1, 4-month low (June final: 61.1)
Flash UK Manufacturing PMI
July: 60.4, 4-month low (June final: 63.9)
July data were collected 12-21 July 2021.
July PMI® data compiled by IHS Markit and CIPS signalled a sharp slowdown in business activity growth across the UK private sector. The speed of recovery was the weakest since March, with survey respondents widely reporting staff and raw material shortages due to the pandemic. Concerns about the loss of momentum contributed to the lowest degree of optimism towards the business outlook for nine months.
At 57.7 in July, the headline seasonally adjusted IHS Markit / CIPS Flash UK Composite Output Index registered above the 50.0 no- change value for the fifth consecutive month. However, the latest reading was down from 62.2 in June and the lowest since the easing of lockdown restrictions began during March.

UK consumer confidence rose for the sixth month in a row in July driven by the economy recovering much faster than initially expected.

GfK’s latest consumer confidence index edged up two basis points to minus seven this month, marking the strong improvement in households’ outlook since the initial Covid unlocking in April of this year.

The index is now 20 basis points higher than it was a year ago, illustrating the scale of the economic rebound from the early stages of the pandemic.

https://www.cityam.com/uk-consumer-confidence-jumps-on-stronger-than-expected-economic-rebound/

LONDON, July 23 (Reuters) - British retail sales resumed their post-lockdown recovery in June after a surprise fall in May, as soccer fans watching the Euro 2020 tournament loaded up on food and drink to enjoy at home, Britain's statistics agency said.

Retail sales rose by 0.5% in June from May, the Office for National Statistics said.

https://www.reuters.com/business/retail-consumer/uk-retail-sales-return-growth-up-by-05-month-june-2021-07-23/