Member Info for livestock

Wonder what's going to happen with this AML agreement with Lucid costing £182 million now the EV market has gone south

https://www.dailymail.co.uk/sciencetech/article-13100353/Slipping-EV-demand-forces-lithium-facilities-pause-production.html#amp_tf=From%20%251%24s&aoh=17084396385654&csi=0&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.dailymail.co.uk%2Fsciencetech%2Farticle-13100353%2FSlipping-EV-demand-forces-lithium-facilities-pause-production.html

Bank of England governor Andrew Bailey raised hopes after telling MPs that the UK is suffering a "very small reccession" that is already showing "signs of an upturn".

Speaking to the Treasury committee, Bailey said: "We’ve had this period of rapid disinflation, we’ve had restrictive monetary policy but in all the measures we use the economy appears to be at full employment.

“That is a very good story. We don’t want unemployment rising rapidly. It has happened in the past when we’ve taken these sorts of actions.

“So I would just say against a lot of talk of what we think is going to be a very small recession, we think the economy is already actually showing distinct signs of an upturn."

Bailey added that the central bank is looking for signs of improvement in services prices, wage increases and the labour market before bringing through any interest rate cuts.

The FTSE 100 is up around 3.5 points at 7,731.

China’s central bank slashed the benchmark mortgage interest rate on Tuesday in a bid to jumpstart the country’s sluggish property market and boost its struggling economy.

The People’s Bank of China announced a reduction in the five-year loan prime rate from 4.20% to 3.90%

The Aussie mining giant announced an interim dividend payment of US$0.72 against US$0.90 a year ago, but this was higher than most forecasts beforehand.

Investors should take this as “a reflection of BHP’s improving confidence regarding the outlook on commodity demand/prices," US bank Citi commented.

Earlier this week, BHP warned that the future of the Australian nickel industry was at risk due to the slump in the price of the metal

“China demand [for iron ore and copper] is healthy despite weakness in housing and India remains a bright spot," he said

“In Australia, the mining industry is facing near-term headwinds in developing resources.

"It’s essential that the right industrial relations and fiscal settings are in place to support the sector’s ability to compete and win in global markets.

"Long term, the mega-trends playing out in the world around us continue to underline our confidence in future demand for steel, non-ferrous metals and fertilisers.“

https://www.proactiveinvestors.co.uk/companies/news/1041294/bhp-hit-by-big-impairments-after-flat-half-1041294.html

Https://youtube.com/shorts/wtxDos9srb8?si=PoHHah2SA2a-WGxc

Couldn't get link to open

https://www.cityam.com/aston-martin-to-create-400-uk-jobs-as-it-increases-manufacturing-on-higher-demand/

Seany123

This is where it's from

https://www.cityam.com/lloyds-set-for-uptick-in-annual-profits-as-investors-look-for-clues-on-motor-finance-probe/

Seany123

Yes hardup posted the link

Take yourself to the limit. Like a real driver.

https://youtube.com/shorts/Nk3EEl5y5eY?si=Ty402ZjLEQjHb8sj

Matt Britzman, equity analyst at Hargreaves Lansdown estimates Lloyds forecast a pretax profit of £7.4bn for 2023, up from £6.9bn in 2022

Gate13boy

"You’ve suggested that Lloyds might cut the dividend due to its current yield. And livestock agreed with you"

You need to get a Life

Close Brothers has scrapped dividend payouts and warned of 'significant uncertainty' regarding the outcome of a probe into the motor finance industry.

The Financial Conduct Authority last month launched an inquiry into the historical use of 'discretionary commission arrangements' (DCAs) in what some analysts predict could resemble the payment protection insurance scandal.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-13086401/amp/Close-Brothers-scraps-dividends-amid-motor-finance-probe-uncertainty.html

Https://www.proactiveinvestors.co.uk/companies/news/1041121/audioboom-shares-tune-in-higher-on-record-audience-reach-1041121.html

Https://www.proactiveinvestors.co.uk/companies/news/1041121/audioboom-shares-tune-in-higher-on-record-audience-reach-1041121.html

Audioboom up 13% in 2 days

CEO, Stuart Last, commented: "Listeners continue to flock to podcasting and we are doing an incredible job of growing the Audioboom Creator Network audience faster than our competitors. We are developing true global audience scale - key to providing our brand partners with powerful, targeted advertising options to capture the full value of podcasting for our creators."

Audioboom the leading global podcast company, is pleased to announce it achieved record audience reach in January 2024 through the continued growth of its podcast network.

Share price finished up 10.47% hopefully it's bottom out onwards and up final results out end of March

🚀📈

RBC estimates Close Brothers' exposure at between £150-230m but Lloyds might be on the hook for £2bn, it says, a £1bn increase on its initial estimate

https://www.proactiveinvestors.co.uk/companies/news/1041064/will-lloyds-bank-make-a-car-loan-provision-after-close-bros-shock-1041064.html

It’s now official, we’re in recession, And the fall in growth at the end of last year was worse than expected There’s a fair chance the economy will turn positive again in the months ahead but that’s no real cause for celebration now, Falling growth means demand is ebbing out of the economy, That puts downward pressure on inflation but there’s little sign the Bank of England will cut rates yet