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Britain's Lloyds Banking Group (LLOY.L) is closing 44 bank branches across England and Wales this year, as lenders across the industry ramp up cost-cutting.

https://www.reuters.com/business/finance/lloyds-closing-44-branches-this-year-union-unite-2021-06-23/

The world economy is set for its fastest year of growth in the 21st century this year, according to our latest forecasts. We now think global GDP is set to expand by 5.9 per cent in 2021, having upgraded our previous forecast of 5.3 per cent.

As lockdowns ease, the service sector – which includes businesses such as restaurants and hotels – is driving the recovery in economic growth. Developed economies are at the forefront of recovery compared to emerging markets, thanks to the greater availability of vaccines and government support.

https://www.cityam.com/could-global-growth-this-year-be-the-fastest-this-century/

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-9713737/amp/Five-years-Brexit-vote-Britain-defied-naysayers.html

Good morning falklandinvestor

With the figures out today 50p is looking good for Friday

Inflation pressures faced by British firms hit record levels this month, and growth in the private sector cooled only slightly from an all-time high in May when coronavirus restrictions were lifted, a survey showed on Wednesday

https://www.reuters.com/world/uk/uk-inflation-pressures-hit-records-growth-cools-only-slightly-pmi-2021-06-23/

Employment growth hits record high amid sharply rising workloads, but inflationary pressures also strengthen
Key data
Flash UK Composite Output Index
June: 61.7, 2-month low (May final: 62.9)
Flash UK Services Business Activity Index June: 61.7, 2-month low (May final: 62.9)
Flash UK Manufacturing Output Index June: 62.0, 2-month low (May final: 63.0)
Flash UK Manufacturing PMI
June: 64.2, 2-month low (May final: 65.6)

June saw further strong growth in output across the UK private sector, according to the latest PMI® data compiled by IHS Markit and CIPS. The overall expansion in activity was only slightly slower than the record posted in May and among the fastest since the series began in January 1998. Marked increases in output were seen across both the manufacturing and service sectors as the economy continued to reopen following the COVID-19 lockdown earlier in the year.

Businesses are reporting an ongoing surge in demand in June as the economy reopens, led by the hospitality sector, meaning the second quarter looks to have seen economic growth rebound very sharply from the first quarter’s decline. "There are some signs that the rate of expansion appears to have peaked, as both output and new order growth cooled slightly from May’s record performances, but full order books and a further loosening of virus-fighting restrictions should nevertheless help ensure growth remains strong as we head through the summer.

https://www.thisismoney.co.uk/money/markets/article-9715791/BUSINESS-LIVE-Confidence-UK-economy-5-year-high-Leashold-commitments-made.html

A new 50 pound banknote featuring the mathematician and computer scientist Alan Turing enters circulation in Britain on Wednesday, three months after the Bank of England first unveiled the design

British employers are their most confident about the economy in almost five years, helped by the lifting of coronavirus restrictions, a survey showed on Wednesday, but the lack of staff to fill jobs is a growing problem.

"This surge in employers' confidence in the UK economy is remarkable," Neil Carberry, REC chief executive, said.

https://www.reuters.com/business/confidence-among-uk-employers-hits-five-year-high-rec-2021-06-22/

British pilots on Wednesday urged politicians to save the summer holiday season through clearer travel guidance and provide direct financial support to rescue jobs as the industry grapples with an existential crisis brought on by COVID restrictions.

https://www.reuters.com/world/uk/save-our-summer-british-pilots-call-politicians-rescue-travel-industry-2021-06-22/

EASING OF LOCKDOWN LIFTS PRESSURE ON UK HOUSEHOLD FINANCES
• Optimism from UK households towards their finances hits five-year high
• One in seven expect to increase pension contributions in next year
• More than two-thirds expect to stay on track with retirement plans despite
pandemic
Despite the extension of some lockdown measures across the UK, household finances showed continued signs of improvement in the second quarter of 2021.
There were improved trends for savings and a more positive outlook towards the longer term, as the easing of lockdown restrictions in Q2 helped firm up household balance sheets. Sentiment around job security and income picked up, as workers from many shutdown sectors returned from furlough.
The headline seasonally adjusted index – which measures households’ overall perceptions of financial wellbeing – rose from 42.0 in Q1 to 44.7 in Q2, signalling the weakest deterioration in UK household finances since the Covid-19 pandemic began.

The UK borrowed £24.3bn in May despite the gradual winding down of lockdown restrictions, according to the latest official estimates.

The Office for National Statistics also confirmed this morning that the UK’s debt hit £2.19trn at the end of last month, representing around 99.2 per cent of GDP.

The FTSE 100 is being tipped for a strong start after US stocks last night enjoyed their best day in almost three months

smiller
The last interview the only thing he told us what we didn't already know was expect another placing , the reason he keep bringing up the 145kg nuggets his like the rampers on hear to suck in the navi investors

Bills going to tell us again about the 146kg silver nugget what was found years ago and now is in Perth mint , nothing what UFO is currently doing is going to improve the share price

Share_Talk ™ (@Share_Talk) tweeted at 2:24 PM on Mon, Jun 21, 2021:
Bill Brodie Good, CEO & Technical Director, @AlienMetals (#UFO.L) Interview ?? Phase 2 Drilling completed at Han****. Initial pXRF results indicate further significant High-Grade #IronOre intersected

https://t.co/A5pMKsg5fQ via @share_talk
(https://twitter.com/Share_Talk/status/1406966328586649600?s=03)

60p is my break even figure hope it can go higher to get some profits this year

falklandinvestor

Your right Lloyds will be back in profit at 2.30 the U.S. markets are to rally

The UK is still Europe's 'destination of choice' for investment in financial services

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-9706247/amp/UK-remains-hub-European-finance.html

11 out of 14 UK sectors reported faster output growth month-on-month in May, up from nine in April, as the UK moved further out of lockdown.

The UK tourism and recreation sector recorded the sharpest rise in output growth as British hotels, pubs and restaurants experienced a release of pent-up consumer demand.

Job creation hit pre-pandemic levels, with all 14 sectors reporting jobs growth in May and the tourism and recreation sector adding jobs for the first time since January 2020.

Jeavon Lolay, Head of Economics and Market Insight, Lloyds Bank Commercial Banking, said: “When we look at the pace of growth, sectors that have been acutely affected by COVID-19 restrictions are now outpacing sectors that have been able to operate more freely during lockdown.

“Whether the four-week delay to further easing of restrictions will impact this trend is unclear. But while the delay is understandably disappointing for many businesses, there’s no denying that the economy is now on a much sounder footing.

“Ahead of this week’s Bank of England Monetary Policy decision, the UK Recovery Tracker also provides some useful insights on underlying price pressures across the economy. While UK inflation jumped higher than expected in May and stronger demand saw more businesses pass on rising costs to their customers, it’s arguably still too soon to worry about inflation spiralling out of control.”

https://www.lloydsbankinggroup.com/media/press-releases/2021/lloyds-bank/uk-recovery-accelerates-in-may-tourism-recreation-leads-way.html