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Banks continuing to go from strength to strength very strong first quarter Lloyds up 1.74% today looking good to hit 50p this week

IAG down today as markets was expecting the government to announce more countries on the green list

IAG : Receives a Buy rating from Barclays

House prices reach record high for second
month in a row in April

• On a monthly basis, house prices in April were 1.4% higher than in March
• In the latest quarter (February to April) house prices were 0.9% higher than in the preceding
three months (November to January)
• House prices were 8.2% higher than in April 2020

House prices in April eclipsed the record high set the month before as the market continued to maintain its recent momentum. The average property is now worth £258,204, up 1.4% month on month and 8.2% annually, the highest annual growth rate in 5 years. In cash terms, almost £20,000 has been added to the value of the average home since the market had essentially come to a standstill in April 2020.

Pound Sterling advances on Euro, Dollar on Easing of Political Risks
1 Pound sterling equals 1.41 United States Dollar

Lloyds Bank (LLOY.L) is reportedly on the cusp of finalising a £400m ($559m) deal to buy retirement products provider Embark.

First reported by Sky News on Saturday, which cited "City sources" the deal would mark the bank's biggest acquisition since it returned to private ownership around four years ago.

ALIEN METALS (@AlienMetals) tweeted at 7:11 AM on Mon, May 10, 2021:
#Copper price rockets to all-time high via @ozmining. Alien holds the Donovan 2 Copper Gold project in Zacatecas State, Mexico, under an Earn-in agreement with Capstone Mining Corp. Read the full article here: $UFO #AIM https://t.co/tBUuUczGX7
(https://twitter.com/AlienMetals/status/1391636961773957121?s=03)

British Airways will launch flights from Newcastle to Faro later this month, after Portugal was named among the UK government’s “green list” countries. Newcastle International airport said that twice-weekly services would commence on May 29,

Islandgirl

The rise to 3p was a rare bubble nothing to do with sentiment of that time

British Airways is to resume passenger flights to Hong Kong this weekend, following the Hong Kong government’s lifting of its suspension on passenger services from the UK. The carrier’s first passenger flight on the route since December 2020 will depart Heathrow on Sunday May 9.

Credit Suisse is positive on the stock with a Buy rating. The target price is still set at GBX 228.

The market was pricing a fairly hawkish Bank of England meeting, That in itself is not really a positive signal for Sterling. After all it is clear that interest rates will only begin to be normalised once the QE programme has come to an end. The longer the programme continues for, the later interest rates are likely to be hiked

British Airways is to resume passenger flights to Hong Kong this weekend, following the Hong Kong government’s lifting of its suspension on passenger services from the UK.

The carrier’s first passenger flight on the route since December 2020 will depart Heathrow on Sunday May 9.

Strong increase in construction output. Costs rise at fastest pace since survey began in 1997

Key findings
Commercial work leads the construction recovery
in April
Steepest pace of civil engineering growth since
September 2014
Input price inflation highest in 24 years of data

"The UK construction sector is experiencing its strongest growth phase for six-and-a-half years, with the recovery now evenly balanced across the house building, commercial and civil engineering categories.
"New orders surged higher in April as the end of lockdown spurred contract awards on previously delayed commercial development projects. This added to the spike in workloads from robust housing demand and the delivery of major
infrastructure programmes such as HS2.
"Shortages of construction materials and much longer wait times for deliveries from suppliers were a sting in the tail for the sector. Aggregates, timber, steel, cement and concrete products were all widely reported as in short supply by survey respondents.
"Supply and demand imbalances for construction items, alongside higher transport costs, resulted in severe price pressures across the board during April. The overall rate of input cost inflation reached its fastest since data collection began 24 years ago, exceeding the previous record seen at
the top of the global commodity price cycle in 2008."

(Reuters) - Demand for workers from British employers soared this month at the fastest rate since the late 1990s as much of the economy reopened following the latest coronavirus lockdown, a survey of recruitment consultants showed on Friday.

The monthly index of demand for staff from the Recruitment and Employment Confederation (REC) and accountants KPMG rose this month to its highest level in just over 23 years. Permanent staff placements grew at the fastest rate since October 1997.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL8N2MT53M

First Bounce Back Loan repayments due to start in June for many borrowers
Around a third of businesses plan to make the standard repayments
Just 5% intend to take the full six-month repayment holiday available

https://www.lloydsbankinggroup.com/media/press-releases/2021/lloyds-bank/a-third-of-small-businesses-still-unaware-of-bounce-back-loan-re.html

The Bank of England has reduced the scale of its quantitative easing programme while issuing a sizeable upgrade to their 2021 economic growth forecasts, a decision that has prompted some volatility in the British Pound.

The decision to reduce purchases down to £3.4BN a week prompted a sharp bout of volatility in Pound Sterling exchange rates, although at the time of writing the UK currency is settling at higher levels than were seen before the 12PM decision.

The BoE projects GDP growth in 2021 will be 7.25%, which is a material increase on the 5.0% projected in February, with economists at the Bank saying the improvement is down to progress on vaccinations and Government fiscal support

ShareTalkNews™ (@ShareTalkNews) tweeted at 0:01 PM on Thu, May 06, 2021:
TPI provides its latest research note @AlienMetals Bill Brodie Good, CEO & Technical Director “We are really pleased with the success thus far from our maiden drilling program and are delighted to now be looking towards next stage work and planning” #UFO

https://t.co/b5VGmnPhOP https://t.co/IOn2xlRic2
(https://twitter.com/ShareTalkNews/status/1390260347815272452?s=03)

Index for the services sector rose to 61.0 in April from 56.3 in March, above an earlier flash estimate of 60.1.

Both the services PMI and a composite PMI which includes the smaller manufacturing sector were the highest since October 2013. New orders rose at the fastest pace since December 2013.

https://www.reuters.com/world/uk/uk-service-sector-grows-fastest-pace-since-2013-april-pmi-2021-05-06/

ALIEN METALS (@AlienMetals) tweeted at 4:02 PM on Wed, May 05, 2021:
Read about Alien's projects, the strength of the iron ore price and the upcoming unveiling of the largest silver nugget ever found in Australia, mined at Elizabeth Hill. Article in @proactive_UK here: $UFO #Silver #ironore https://t.co/3nkZ55pE8w
(https://twitter.com/AlienMetals/status/1389958719060971524?s=03)