Member Info for livestock

Britain will be officially declared in recession on Wednesday
https://www.google.com/amp/s/www.thelondoneconomic.com/business-economics/britain-will-be-officially-declared-in-recession-on-wednesday/11/08/%3famp

English regions help drive UK economic recovery after coronavirus lockdown, latest NatWest PMI results show

https://www.google.com/amp/s/www.business-live.co.uk/partners/english-regions-help-drive-uk-18736881.amp

I was thinking the same thing won't be long now and we should be getting are dividend backdated

"Markets are expecting them to take about 50 billion pounds of losses, and they can comfortably absorb those in their buffers of capital that they hold, so they don't need to cut back on lending,"

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKCN2532AC

Helping the UK on its path to recovery: Lloyds Banking Group launches The Big Conversation
06 August 2020

Lloyds Banking Group CEO, António Horta-Osório, announces plans for meaningful conversations about economic and social recovery across the UK’s nations and regions.

Findings to be used to support businesses with their recovery, help communities rebuild and inform recommendations for public policy, with the ultimate aim of building back better.

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/lloyds-banking-group/helping-the-uk-on-its-path-to-recovery-lloyds-banking-group-launches-the-big-conversation/?optoutmulti=0:0|c1:1|c3:0|c5:0|c4:0|c2:0&optmessage=1

Lloyds said the merged group was a material competitor to its Scottish Widows pensions unit, whose assets were managed by Aberdeen, and is pulling out the bulk of the 100 billion pounds previously run by the fund manager. It withdrew 41 billion pounds in the second half of 2019.

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKCN2530T8

The IHS Markit/CIPS construction Purchasing Managers' Index rose to 58.1 in July from 55.3 in June - slightly above economists' forecasts in a Reuters poll and a sharp rebound from April's record low of 8.2.

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKL8N2F75SP

Britain’s banks hold enough capital to keep on lending to the country’s companies and also to absorb billions in losses likely to arise due to the COVID-19 pandemic, the Bank of England said.

“It remains the FPC’s judgement that banks have the capacity, and it is in the collective interest of the banking system, to continue to support businesses and households through this period,” the FPC said in its Financial Stability Report.

https://uk.reuters.com/article/uk-boe-banks/bank-of-england-says-banks-able-to-support-coronavirus-hit-britain-idUKKCN2520MS?il=0

GBP rallies in wake of BoE statement

Unanimous vote to keep quantitative easing unchanged

Andrew Bailey said the economy had performed better than expected over recent weeks.

Bank of England holds rates

UK GDP to have been 20% lower in Q2 2020 than 2019

Could easily see 34/35p by the end of the month

The Bank of England will announce its latest monetary policy decision tomorrow, but investors and policymakers will be focused on whether Threadneedle Street has become more pessimistic about the UK economy.

GDP data has since beaten the Bank’s expectations. MPC member and chief economist Andy Haskel said an earlier easing of the lockdown was pointing to a less severe drop in the second quarter. That could lead the MPC to improve its growth forecast for 2020.

https://www.cityam.com/will-the-bank-of-england-change-its-tune-on-the-uk-economy/

The UK economy’s private sector rebounded at its fastest rate in five years in July, according to the final reading of a closely watched measure, as the government eased coronavirus restrictions.

The IHS Markit/Cips composite purchasing managers’ index (PMI) jumped to 57 in July from 47.7 in June. It was slightly lower than a “flash” estimate of 57.1 but still the fastest growth since 2015. A score above 50 indicates expansion.

Britain's banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to bake tougher "worst-case" scenarios into their risk models.

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKCN2510NG

July Update – Hill V Lloyds
04 August 2020

http://www.mondaq.com/uk/employee-rights-labour-relations/972564/july-update-hill-v-lloyds

Halifax Reward Account offers switchers £100
04 August 2020
Customers switching to the new Reward Current Account and the Ultimate Reward Current Account will receive the bonus before the 7-day switch completes.

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/halifax/halifax-reward-account-offers-switchers-100/?optoutmulti=0:0|c1:1|c3:0|c5:0|c4:0|c2:0&optmessage=1

David Barnes explains why he dusted off his buy button for these two dogs of the FTSE 100

https://www.fool.co.uk/investing/2020/08/03/why-i-just-bought-these-2-unloved-ftse-100-shares/

Investors see Lloyds as oversold

Its been a good day for Lloyds up 6.03%

Governor Andrew Bailey is expected to publish a report this week into the prospect of negative rates after warning in June they were a possibility.
The Bank of England could launch a further stimulus package worth as much as £100billion before it cuts rates to below zero, economists are forecasting.