Member Info for livestock

40p Friday with the dividend news

80p year end 2021

"Banks are the first to suffer and the first to cover"

DYOR

bc2020

He called it right yesterday 36p

BoE expects strong recovery despite lower 2021 GDP growth forecast
The BoE continued to indicate that the outlook for the economy is highly uncertain. The bank now expects that GDP will contract around 4% for the first quarter of 2021 compared with expectations of a small increase in the November report.

The 2021 GDP growth forecast has been cut to 5.0% from 7.25% with 7.25% growth projected for 2022.

https://www.google.com/amp/s/www.exchangerates.org.uk/news/31873/2021-02-04-british-pound-boe-forecasts-strong-uk-economic-rebound-on-vaccine-success/amp

Banks like the news on rates smashed the 35p

Lloyds share price versus asset value

At 34p, Lloyds shares are priced at just 0.65 times the tangible net asset value of 52.2p per share it reported at the third-quarter end. Put another way, buyers today are paying 65p for every £1 of Lloyds assets — assets that produced a £1bn profit in the last reported quarter.

Will be announced 24 February

Jakito
I think they might announce a buyback Lloyds are holding plenty of capital

Slight reduction in UK construction output in January

At 49.2 in January, down from 54.6 in December, the headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index signalled a decline in overall construction output for the first time since May 2020.

Deutsche Bank swung to a small annual profit in 2020, its first since 2014, on the back of strong gains at its investment banking division, the German lender said on Thursday.

https://www.reuters.com/article/BigStory12/idUSKBN2A40OD

Bc2020

Yes we could see 36p tomorrow when the BoE announces no chance with rates

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN2A30LM

Britain’s finance industry is appealing for greater access to the European Union single market, amid fears that politics could leave large parts of the City of London shut out of Europe for good.

TheCityUK, the industry group for UK financial services, this week published a paper outlining the “key outstanding issues” facing Britain’s financial and professional services industry. Chief among them are uncertainty about regulatory cooperation between UK and EU watchdogs, rules on data handling, and so-called equivalence decisions.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/uk-finance-eu-brexit-equivalence-thecityuk-city-of-london-072730803.html

All PPI (Payment Protection Insurance) providers are subject to the Competition and Markets Authority’s (CMA) PPI Order, which requires them to send customers annual reminders that set out clearly the cost of their policy, the type of cover they have and reminds them of their right to cancel.

The latest refunds, amounting to £17,000, come after Lloyds Banking Group (Lloyds) self-reported 3 breaches of the Order to the CMA. These affected 8,800 people who were sent incorrect information in annual reminders to mortgage PPI customers. For 2 breaches, the monthly amount policyholders can claim on their insurance was displayed in the incorrect section. In the third breach, this figure in the annual reminders was incorrect.

https://www.gov.uk/government/news/cma-locks-in-a-total-of-975-000-for-lloyds-ppi-customers#:~:text=The%20CMA%20has%20secured%20%C2%A3,breaches%20of%20the%20CMA's%20Order.

We’re introducing a new £36 annual fee to cover the costs of running the Share Dealing Service

Sharp fall in business activity in January, but vaccine rollout helps lift optimism to its highest since May 2014

At 39.5 in January, the headline seasonally adjusted IHS Markit/CIPS UK Services PMI® Business Activity Index dropped sharply from 49.4 in December and signalled the fastest reduction in business activity for eight months.

Reports 8.7 billion losses

FTSE 100 set to continue February rebound after Wall Street bounce

Good update from alien metals this morning good work bill

FORWARD LOOKING STATEMENTS

the Group’s future financial performance; the level and extent of future impairments and write-downs; statements of plans, objectives or goals of the Group or its management including in respect of statements about the future business and economic environments in the UK and elsewhere including, but not limited to, future trends in interest rates, foreign exchange rates, credit and equity market levels and demographic developments; statements about competition, regulation, disposals and consolidation or technological developments in the financial services industry; and statements of assumptions underlying such statements. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend upon circumstances that will or may occur in the future. Factors that could cause actual business, strategy, plans and/or results (including but not limited to the payment of dividends) to differ materially from forward looking statements made by the Group or on its behalf include, but are not limited to: general economic and business conditions in the UK and internationally; market related trends and developments; fluctuations in interest rates,

Lloyds Banking Group plc announces that Sara Weller will have served 9 years as a Non-
Executive Director in February 2021, and accordingly plans to retire as Chair of the Responsible Business Committee and a Non-Executive Director at the AGM in May 2021. Amanda Mackenzie, a Non-Executive Director since October 2018, will take on the role of Chair of the Responsible Business Committee following Sara's retirement from the Board.

Sarah Legg, a Non-Executive Director since December 2019 and Chair of the Audit Committee,
has been appointed as a member of the Responsible Business Committee with effect from
1 February 2021.

Robin Budenberg, Group Chair said "We established the Board-level Responsible Business
Committee in 2015 as a further demonstration of our commitment to sustainability and to put
customers and communities at the heart of everything we do. I would like to thank Sara for her leadership and commitment in chairing the Committee since then. The Board will miss Sara's
contribution and counsel. Amanda's customer focus has been a major asset to the Responsible
Business Committee, and I am very pleased Amanda has agreed to take on the role of Chair of
this Committee. I am also grateful to Sarah for taking on this important additional role."