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Https://youtu.be/GAsARhxdfZU?si=GvG02jnA_LuAq3qC

Chairman Lawrence Stroll said: “2024 is a year of immense product transformation at Aston Martin, with the introduction of four new models to the market before the end of the year.

“Our first quarter performance reflects this expected period of transition, as we ceased production and delivery of our outgoing core models ahead of the ramp up in production of the new Vantage, upgraded DBX707 and our upcoming V12 flagship sports car which we’ve confirmed today.

https://www.cityam.com/aston-martin-losses-rise-more-than-forecast-ahead-of-production-ramp-up/

UK households appear to continue to be withstanding the pressure from higher interest rates with the country’s largest banks all lowering the amount of cash set aside for bad loans.

Barclays, Natwest and Lloyds reported first quarter results last week while HSBC updated investors on Tuesday morning. All four lenders reported lower impairment charges in the first quarter of the year.

https://www.cityam.com/lloyds-hsbc-barclays-and-natwest-results-show-consumer-strength-amid-higher-rates/

Lloyds Bank’s latest Business Barometer has found that overall business confidence is unchanged in April – staying at 42%. The result means the overall confidence figure remains at an elevated level compared to the Barometer’s long-term average (28%), with only January 2024 seeing businesses report higher levels of confidence (44%) in the last 12 months.

https://www.lloydsbankinggroup.com/media/press-releases/2024/lloyds-bank-2024/april-2024-business-barometer.html

Https://www.proactiveinvestors.co.uk/companies/news/1046344/lloyds-banking-s-residential-landlord-arm-now-has-over-2-000-properties-1046344.html

Https://www.thisismoney.co.uk/money/markets/article-13351453/Sitting-ducks-Host-British-firms-firing-line-predators-circle.html?ito=native_share_article-nativemenubutton

Https://www.f1oversteer.com/news/lawrence-stroll-offers-phenomenal-mercedes-target-407k-a-w-to-join-aston-martin/

Noah

I've been topping up while it's cheap this stock is oversold should see a good set of figures out next week

GL

The Big Four bank posted an operating profit of £1.3bn in the first three months of 2024, down 27 per cent from £1.82bn in the same period last year but little changed from £1.26bn in the previous quarter. Analysts had expected a first-quarter profit of £1.25bn.

https://www.cityam.com/natwest-profits-slide-27-per-cent-but-beat-market-expectations/

What will drive silver to surge?

Right now, demand for silver is skyrocketing beyond its traditional uses to emerging technologies including electric vehicles and renewable energy projects. Much like gold, silver has been used as a safe-haven asset during economic uncertainties and inflationary pressures – I see no reason why this would not continue.

https://www.proactiveinvestors.co.uk/companies/news/1046176/are-we-facing-a-2010-like-silver-boom-1046176.html

The busiest start to a year in its history has seen London’s Heathrow Airport turn a £83m profit through the first three months of 2024.

https://www.cityam.com/heathrow-airport-hits-historic-footfall-but-urges-uk-to-rethink-anti-growth-policies-like-tourist-tax/

Https://www.gpblog.com/en/news/271825/f1-penalties-perez-and-sargeant-closest-to-suspension.html

Looking like the share price going nowhere until BoE first rate cut could be June

Lloyds Banking Group has posted a 28 per cent fall in profit – in line with analysts’ estimates – as price wars and the prospect of interest rate cuts starting this summer forced it to offer better rates to savers.

The group – which owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows – reported a pretax profit of £1.63bn for the first three months of 2024.

This figure is down from £1.78bn during the previous quarter and 28 per cent lower than the £2.26bn in the first quarter of 2023. A company-complied analyst consensus had expected a profit of £1.66bn.

https://www.cityam.com/lloyds-profits-drop-against-bumper-2023-as-margins-shrink/

Business confidence rose above its pre-pandemic average for the first time in two years, a new survey shows, but levels of investment remained subdued in a sign that the recovery remains “brittle”.

Business confidence tripled to 14.4 in the first quarter of 2024, up from just 4.2 in the final quarter of last year, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

https://www.cityam.com/business-confidence-surges-in-early-2024-but-recovery-remains-brittle-survey-suggests/

LONDON, April 24 (Reuters) - Lloyds Banking Group (LLOY.L), opens new tab reported a 28% fall in first quarter pretax profit on Wednesday, in line with analyst expectations, as rising costs, peaking interest rates and intensifying competition in the mortgage market hurt income.

Britain's largest mortgage lender reported Q1 pretax profit of 1.6 billion pounds ($1.99 billion), down from 2.3 billion pounds a year ago.

https://www.reuters.com/business/finance/britains-lloyds-bank-says-q1-profit-falls-28-2024-04-24/

Ferrari has filed a patent application for a hydrogen-powered internal-combustion engine, hinting that the automaker is considering this as a way to keep combustion engines alive in a future with stricter emissions regulations.

https://www.motorauthority.com/news/1142929_ferrari-patents-hydrogen-powered-engine

AML needs to change it's driver's Fernando gone from 2nd behind Max to 7th looking like it's retirement time, another crash for lance finishes last

It was another busy week for observers of the UK economy with a fresh batch of data released giving policymakers at the Bank of England plenty to think about.

Like a gambler holding 15 on a blackjack table, Threadneedle Street’s next move on interest rates is a gamble either way: cut too fast and risk letting inflation bed in – cut too slowly and strange the economy’s rebound from recession.

economists pushed back the timing of the first rate cut, with August looking the most likely date. Money markets are more pessimistic and have not fully priced in the first cut until September.

https://www.cityam.com/bank-of-england-left-with-tough-choice-on-interest-rate-after-week-of-fresh-data/

Great news 📈🚀