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The consumer price index rose 4.2% year on year in April, up from 2.6% in March and much higher than the forecast of 3.6%.

It is the largest comparable increase since September 2008.

This should get the SP back over 200

The consumer price index rose 4.2% year on year in April, up from 2.6% in March and much higher than the forecast of 3.6%.

It is the largest comparable increase since September 2008.

Up she goes

Come on horsey

JP Morgan keeps its Buy rating

Britain's economy grew by a stronger-than-expected 2.1% in March from February, gathering speed for what is expected to be a sharp bounce-back this year after its deep coronavirus slump of 2020, official data showed on Wednesday.

https://www.reuters.com/world/uk/uk-economy-grew-by-stronger-than-expected-21-mm-march-2021-05-12/

HSBC (HSBA.L) and Lloyds (LLOY.L) are getting rid of as much as 40% of their office space as an easy way to make savings when bank profits have been crunched by the pandemic.

But there are concerns that remote working does not benefit everyone. Junior staff miss out on socialising and learning opportunities and there are also risks home working can entrench gender inequality.

At investment banks, where long hours in the office were the norm pre-pandemic, bosses say they want most people back where they can see them.
HSBC plans to almost halve office space globally, as it aims to squeeze more use out of the remaining space and increase the number of staff per desk from just over one to closer to two.

Britain's biggest domestic lender Lloyds plans to shrink its office space by a fifth within three years.

1 GBP equals 1.42 USD market's are moving towards the Bank of England's bullish set of UK forecasts and now greater confidence in the soft dollar environment

Buy the dip

ALIEN METALS (@AlienMetals) tweeted at 3:27 PM on Tue, May 11, 2021:
Iron ore hits record high as commodities continue to boom via @FT. Alien holds the Brockman and Han**** Ranges high-grade iron ore projects in Western Australia. Full article here: $UFO #ironore #AIM
https://t.co/fgz3WXU2m6
(https://twitter.com/AlienMetals/status/1392124244390289410?s=03)

Postage paid, maybe

Yes very good for news for IAG , todays drop is down to inflation worries send global stock markets into a tizzy

This is good news as IAG are fully funded now as flights resume come July most most of their plans will be in the sky
Buy the dip

Inflation worries send global stock markets into a tizzy spread-betters in the City are calling 87points lower today

Lloyds Banking Group PLC (LON:LLOY) is likely to be the biggest beneficiary of the UK banks from the reduced uncertainty for the UK from the improving economy and diminishing threat of a Scottish independence vote, according to Credit Suisse.

https://www.proactiveinvestors.co.uk/companies/news/948996/lloyds-banking-target-hiked-by-credit-suisse-as-uk-path-to-recovery-becomes-less-uncertain-948996.html

Suf

I'm 18% down I was topping up at super low price to bring my average down, now with the UK economy experiencing an spectacular bounce back we should all be in good profits come end 2021

Banks first to suffer first to recover

Thanks A1

The silver price jumped earlier this year when Reddit users were turned towards it in the wake of the Game Stop bubble, but the silver market wasn’t open to the same kind of manipulation.

The silver price has settled back at around US$26 since.

Silver companies to watch include Alien Metals (LON:UFO), Hochschild (LON:HOC), and Fortuna Silver (TSE:FVI).

https://www.proactiveinvestors.co.uk/companies/news/948968/big-rise-in-etf-silver-holdings-948968.html

Does anybody know the date for the Bank of England’s Prudential Regulation Authority to lift the dividend restrictions on Lloyds allowing full payment

Companies to watch

At the more junior end, companies bringing on iron ore projects that could benefit are Alien Metals (LON:UFO), Zanaga Iron Ore Company (LON:ZOIC), Black Iron (TSE:BKI), and Anglesey Mining (LON:AEY).

https://www.proactiveinvestors.co.uk/companies/news/948952/five-reasons-the-iron-ore-price-is-so-high-948952.html

IAG : Buy rating from UBS

ALIEN METALS (@AlienMetals) tweeted at 10:04 AM on Mon, May 10, 2021:
Iron Ore Turns ‘Very Hot’ as 10% Surge Adds to Commodities Boom via @Bloomberg. Initial Drill Results from Alien's Han**** #Iron Ore Project, part of the Hamersley Iron Ore Project, confirms Direct Shipping Ore mineralisation. Read full article here: $UFO https://t.co/xicJZrEUGh
(https://twitter.com/AlienMetals/status/1391680510565490692?s=03)

Miners have a major bounce this morning propelled by a rebound in commodities prices Iron ore up 10% would of thought UFO would of been higher today