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"""UBS Plans $4.5 Billion Buyback After Wealth Management Surge"""

Lloyds shareholders could lose out on a special dividend this year

I see on cnbc the banks profits have double

https://www.reuters.com/article/ukDomestic/idUSKBN29V0OZ?il=0

https://www.google.com/amp/s/amp.ft.com/content/27b36e65-c825-40f4-85bf-d5ddaa3f6668

Britain’s Brexit trade deal with the EU from Jan. 1 does not cover financial services, leaving its City of London financial center largely cut off from the EU.

Both sides are committed to creating a forum for financial regulatory cooperation by March, but talks have not started yet, the EU financial services commissioner told the European Parliament.

https://www.reuters.com/article/ukDomestic/idUSKBN29U2AF?il=0

Britain’s unemployment rate rose to 5.0%, its highest since early 2016, in the three months to November as the coronavirus pandemic continued to take its toll on the economy and the country went back into a lockdown, official figures showed.

https://www.reuters.com/article/ukDomestic/idUSKBN29V0O1?il=0

UK warns against booking holidays, hotel quarantine announcement due

Thanks max won't be long now

Average first-time buyer deposit amount leapt by more than £10,000 last year
Number of first-time buyers fell by 13% but activity bounced back after first lockdown
First-time buyers continued to make around half of all home purchases


The overall number of first-time buyers fell in 2020, as the housing market was curtailed during the first national lockdown, according to the latest research by Halifax.

https://www.lloydsbankinggroup.com/media/press-releases/2021/halifax/soaring-house-prices-failed-to-deter-first-time-buyers-2020.html

UK may be close to introducing an Australia-style quarantine system for international travellers

Big drop today down 8.34%

Looking good for next week

British Airways operated the most flights (80), followed by rival Virgin Atlantic (16) and its partner airline American Airlines (13).

https://simpleflying.com/london-airports-no-traffic/amp/

Barclays forecast an average dividend yield of around 1.5%

With the restart of dividends, we think there will be increasing focus on the potential for highly accretive share buybacks (though we think these are most likely from 2H21)," Goel said. Companies may buy back their own shares from the market when they have cash at hand, which usually boosts their stock price.

https://www.google.com/amp/s/www.cnbc.com/amp/2021/01/22/analysts-key-themes-as-european-bank-earnings-season-begins-with-ubs-.html

FTSE 100 drifts lower as macro data paints a gloomy picture

Steepest fall in UK private sector output since last May as third national
lockdown hits service economy at start of 2021

Flash UK Composite Output Index
Jan: 40.6, 8-month low (Dec final: 50.4)
Flash UK Services Business Activity Index
Jan: 38.8, 8-month low (Dec final: 49.4)
Flash UK Manufacturing Output Index
Jan: 50.3, 8-month low (Dec final: 55.9)
Flash UK Manufacturing PMI
Jan: 52.9, 7-month low (Dec final: 57.5)

Pound rallies to near three-year high as vaccine rollout feeds optimism
The speed of the UK in rolling out the vaccination programme has definitely helped buoy expectations for an accelerated recovery
Further sterling gains appear likely if the rollout continues to plan Economies that have suffered more than most from the global pandemic arguably have the most to benefit from a successful vaccine rollout

Europe Will Regret Stealing London’s Finance Business

https://www.google.com/amp/s/www.bloomberg.com/amp/opinion/articles/2021-01-21/europe-will-regret-stealing-london-s-finance-business-after-brexit

UK marketing budgets continue to fall sharply at the end of 2020

Key points:
? Total marketing budgets continue to decline
markedly, despite the rate of reduction easing
from Q3
? Coronavirus pandemic remains the most
significant factor weighing on marketing budgets
? Sentiment regarding own-company financial
prospects turns positive, but industry-wide
outlook remains negative
? Preliminary forecasts for 2021/2022 point to a
recovery in total adspending
With the Brexit transition period drawing to a close and the coronavirus disease 2019 (COVID-19)
outbreak continuing to wreak havoc across the global economy, UK marketing executives saw another sharp decline in advertising budgets during the final quarter of 2020. That said, the rate of reduction eased to the softest since before the escalation of the pandemic in the spring.
A net balance of -24.0% of Bellwether panellists
recorded a contraction in marketing budgets during the latest survey period. Overall, only 16.4% of firms noted an increase in available funds, which was heavily outweighed by the 40.4% that experienced a decline. Although marked overall, the latest reduction in budgets was much weaker than those recorded in both the second (net balance of -50.7%) and third quarters (net balance of -41.0%), when the economic impact of COVID-19 was most severe.

On 20 November 2020, the High Court handed down its long awaited judgment in Lloyds Banking Group Pensions Trustees Limited v Lloyds Bank plc [2020] EWCh 3135 (Ch) providing much needed clarity on a number of unresolved issues arising from its decisions in Lloyds Banking Group Pensions Trustees Limited v Lloyds Bank plc
https://www.mondaq.com/uk/employee-rights-labour-relations/1027524/gmp-equalisation-and-historic-transfer-payments

https://www.lloydsbankinggroup.com/media/press-releases/2021/bank-of-scotland/restaurants-hit-by-21-percent-dip-in-december-spending.html?optoutmulti=0:0|c1:1|c3:0|c5:0|c4:0|c2:0&optmessage=1