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Price change 1.20 up 20%

1.18 nice finish for the day up 17.50% starting to get exciting

The government will soon reveal what countries have made it on the 'green' list for quarantine measures
TUI AG (LON:TUI), easyJet PLC (LON:EZJ) and Wizz Air Holdings PLC (LON:WIZZ) were on the rise on Wednesday after the UK unveiled more details on international travel measures this summer.

Transport Secretary Grant Shapps confirmed that the NHS app will be used as a COVID-19 passport to show whether travellers have had a vaccine or tested negative before leaving the country.

The number of shares isn't the issue its the speed of the UK recovery and with all the GDP and pmi data the UK recovery is looking good

Lloyds could easily be 50p come end of May

Lloyds Banking Group reported better than expected profits for the first three months of the year, in outgoing Chief Executive António Horta-Osório's last set of results at Britain's biggest domestic bank.

Lloyds reported 1.9 billion pounds ($2.64 billion) pre-tax profit for the first quarter on Wednesday, compared to an average of analyst forecasts of 1.1 billion pounds. The bank had posted a narrow 74 million pound quarterly profit the prior year.

The bank's profits were boosted by the release of a 459 million pound chunk of its provisions for expected bad loans due to the pandemic, with a net improvement of 323 million pounds, compared to a forecast of 357 million pounds of additional impairments.

https://www.google.com/amp/s/uk.finance.yahoo.com/amphtml/news/lloyds-q1-profit-jumps-ceo-061326611.html

London Stock Exchange Group faces a rough ride after a 25 per cent salary increase, or £200,000, for chief executive David Schwimmer following the Refinitiv merger.

ISS said: 'The Refinitiv acquisition remains incomplete. The full impact of the transaction on the group is yet to be determined. It is also noted that David Schwimmer only joined the board in August 2018; and [so] the award of an additional £200,000 to his salary in a single increase appears generous.
'It represents a significant increase that could have been phased over time, subject to a performance assessment.'

ALIEN METALS (@AlienMetals) tweeted at 10:53 AM on Tue, Apr 27, 2021:
Copper at highest point since 2011 via @MiningOnline. Alien holds the Donovan 2 copper and gold project in Zacatecas state, Mexico, which is under an Earn-in agreement with Capstone Mining Corp. Read the full article here: $UFO #copper #projects https://t.co/EYSgMAs0vE
(https://twitter.com/AlienMetals/status/1386981910707154945?s=03)

FLIGHTAWARE says China has officially surpassed 2019 commercial flight traffic levels for first time since pandemic began.

https://aviationweek.com/taxonomy/term/136671

The loan loss reserve for the recession didn't materialize all banks will have a tail wind behind them
Looking good for Lloyds tomorrow

KEY POINTS
HSBC reported profit before tax rose 79% from a year ago to $5.8 billion for the three months that ended on March 31, 2021.
It beat analyst expectations of $3.346 billion, according to estimates compiled by the bank.
Reported revenue was at nearly $13 billion — lower by 5% for the first quarter compared to the same period a year ago. The bank said it was a reflection of the low interest rate environment.

India's covid-19 catastrophe is being felt around the world, Lloyds tends to move in tandem with the UK economic outlook. If cases start rising in the UK as seen in other countries Lloyds will probably be one of the big fallers

Buy the dip Lloyds 80p in 2021
DYOR

America travel corridor looking to open up brits are overwhelmingly looking to travel to the US over Europe

Barclays is poised to report a jump in profits.

It comes as investors wait for the outcome of an investigation into its chief executive's ties to convicted paedophile Jeffrey Epstein.

The bank is booking higher profits as it no longer needs to set aside billions to cover the cost of bad loans due to the pandemic.

It is tipped to announce that its profits rocketed 66 per cent to £1.4billion for the first three months of the year, according to analysts.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-9507827/amp/Barclays-poised-announce-profits-rocketed-66.html

The UK is on track to sign a free trade deal with Australia in June after “major breakthroughs” in this week’s negotiations, international trade secretary Liz Truss has said this afternoon.

She added that the remainder of the details would be sorted out in a “sprint” over the next few weeks.

https://www.cityam.com/uk-on-track-for-australia-trade-deal-in-june-after-major-breakthroughs/

Good finish to the week up 10.58% news must be tricking through

playingtheodds

Yes I see Jefferies keeps its Buy rating on Lloyds

Lloyds Banking Group [LON:LLOY], First Quarter Interim Management Statement, Wednesday 28 April
Nicholas Hyett, Equity Analyst

“We see three big questions for Lloyds, and all UK banks, this year. Firstly, have bad loans remained modest? The banking sector set aside billions in provisions for bad loans when the pandemic hit – expecting a significant increase in defaults. But thanks to massive government support, bad loans have been lower than some expected. If that continues, not only will loan impairments be low this year, but some historic provisions could be released, boosting profits. Secondly what has happened to interest rate margins? Net interest margins essentially measure the profitability of lending. We know the Bank of England’s decision to cut rates early in the crisis affected the profitability of lending for Lloyds. However, a hot mortgage market suggests the group may have been able to increase profitability more recently. Finally, what does the bank plan to do with its formidable capital pile? Having been forced to suspend dividends last year, and restricted in what it could pay out at the full year, Lloyds is practically awash with capital. That gives it lots of options, including dividends, acquisitions and buybacks. The bank has so far said it intends to pay a “progressive dividend” but from what level is unclear – a conservative dividend payment would open the door to alternative uses of the spare capital currently sitting on the group’s balance sheet.”

*Author Nicholas Hyett owns shares in Lloyds Banking Group

https://www.google.com/amp/s/www.thearmchairtrader.com/tesla-lloyds-banking-group-bp-sainsbury-and-amazon/%3famp

UK government borrowing for the financial year to March 2021 is estimated to be £303.1bn, according to the latest data from the Office for National Statistics (ONS).

It equates to 14.5% of GDP and it would be the highest figure since WW2.

Looser pandemic restrictions result in fastest UK private sector growth since late-2013

Key data
Flash UK Composite Output Index
Apr: 60.0, 89-month high (Mar final: 56.4)
Flash UK Services Business Activity Index Apr: 60.1, 80-month high (Mar final: 56.3)
Flash UK Manufacturing Output Index Apr: 59.1, 8-month high (Mar final: 56.6)
Flash UK Manufacturing PMI
Apr: 60.7, 321-month high (Mar final: 58.9)

Companies are reporting a surge in demand for both goods and services as the economy opens up from lockdowns and the encouraging vaccine roll-out adds to a brighter outlook. In more than 23 years of PMI history, we have only seen one spell of faster growth than this, recorded between August and November 2013.
"Business activity should continue to grow strongly in May and June as virus restrictions are eased further, setting the scene for a bumper second quarter for the economy.
"There’s also good news for the job market. With optimism about the year ahead continuing to run close to March’s all-time high, firms have been encouraged firms to take on extra staff at a rate not seen for over three and a half years.
"There are some causes for concern, however, as export performance remains relatively lacklustre, often linked to post-Brexit trading conditions, and prices continue to rise sharply.