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It's looking like there be no summer holiday for the UK this year

I don't think the next CEO Charlie Nunn will be any different

Chancellor Rishi Sunak will today start formal talks with his Swiss counterpart in a bid to broker a new post-Brexit financial services agreement for the UK.

The Treasury said the talks would see the two sides try to deliver “a comprehensive mutual recognition agreement that would reduce costs and barriers for UK firms accessing the Swiss market” and vice versa.

https://www.google.com/amp/s/www.cityam.com/uk-to-start-talks-with-switzerland-on-post-brexit-financial-services-deal/amp/

‘We are proud to support the campaign to provide laptops to children in urgent need,’ said António Horta-Osório, group chief executive of Lloyds Banking Group.

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-9190797/amp/Lloyds-lifts-1-3m-Bank-donates-500-000s-worth-laptops-pupils-online.html

Lloyds Banking Group Witnessed the Biggest Market Cap Plunge
The Yahoo Finance data revealed that Lloyds Banking Group, as the second-largest bank in the United Kingdom, witnessed the most significant drop in the market capitalization amid the COVID-19 crisis, with the figure falling from $57.4bn in December 2019 to $34.8bn last week, almost a 40% plunge in a year.

After putting aside £2.4bn for bad debts, Britain’s biggest high street lender reported a loss of £676 million in the second quarter of 2020. The negative trend continued in the third quarter of 2020, with the net profit plunging by 19% YoY to £3.4bn. The Group’s earnings report revealed that the net profit in the nine months of 2020 amounted to £10.8bn, 17% less than the same period in 2019.

https://buyshares.co.uk/market-cap-of-uks-three-largest-banks-slumped-by-75b-in-a-year/

London’s loss of some financial business due to Brexit has not been catastrophic and the world’s premier international financial capital will thrive even if the European Union “irrationally” blocks access, the City of London said.

https://www.reuters.com/article/ukDomestic/idUSKBN29W0OV?il=0

Good link thanks Darth.Trader

Britain was the worst-hit of the world’s seven largest advanced economies last year

https://www.reuters.com/article/ukDomestic/idUSKBN29V1V9?il=0

Lloyds up 1.70% until a financial trade deal is struck can't see Lloyds doing much vaccine sentiment seams to be priced in

What time is the meeting this evening

TP
Boris might have a meeting at chequers

British Prime Minister Boris Johnson will hold a news conference at 1700 GMT on Tuesday alongside England’s chief medical officer, Chris Whitty, and Simon Stevens, the chief executive of NHS (National Health Service) England.

https://www.reuters.com/article/ukDomestic/idUSKBN29V1LI?il=0

The UK economy is tipped to grow by 4.5% this year after contracting by around 10% in 2020. Previously (in October) the IMF had forecast the UK economy would bounce back 5.9%.

Not to many people will be booking holidays to the UK when passengers would need to isolate for 10 days at a time, at potential costs of £1,500 per person
Can see another drop coming

“We have said that we will review all our economic measures in place to support people through coronavirus at the upcoming budget in the first week of March,”

https://www.reuters.com/article/ukDomestic/idUSKBN29V1BT?il=0

DT
UBS profits jump 137% in Q4

U.S. Treasury yields fell to three-week lows while stock markets were mixed on Tuesday as concerns about potential roadblocks to new U.S. President Joe Biden’s planned $1.9 trillion stimulus weighed on investor sentiment.

https://www.reuters.com/article/ukDomestic/idUSKBN29V013?il=0

Back in the green seems to have bottom out and going back up for now

Any profits should go to the shareholders then they can make the choice to reinvest or spend

Results in soon, looking good can't understand the drop in sp