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UK GDP points to technical recession

FTSE 100 futures have the lead index opening another 47 points

Higher interest rates generally raise bank profits, but that is not likely to be the case for Barclays. The bank is expected to report a decline in annual profitability when it publishes its numbers for 2023 next Tuesday due to costly restructuring plans.

A £825m restructuring charge will drag pretax profit down to £6.7bn for 2023, compared to £7bn in 2022, according to company-compiled analyst estimates.

https://www.cityam.com/barclays-set-to-unveil-profit-drop-next-week-as-restructuring-costs-offset-higher-interest-income/

Stroll said looking ahead to 2024, Aston’s customers are more bullish on the global economy, and with stocks at all-time highs he’s not seeing much uncertainty, at least in Aston showrooms. “We don't feel any recessionary mood from our customers at all; as a matter of fact, we just see considerable growth.”

FTSE futures are surging thanks to this morning’s better-than-expected inflation 4% print for January.

At the latest count, the lead index was predicted to open over 35 point higher

Chid

"can't see Lloyds paying out larger div yield than they 'need' to do to attract buyers, so as the share price falls, the yield on div gets larger, so easy then to trim the div paid out to a ' reasonable level' IF the money is 'in their opinion' not our"

Completely agree with you on this one 👍

US inflation higher than expected, dampening rate cut hopes

The UK’s biggest banks are set to post bumper annual profits when they report their 2023 results in the coming weeks. But why are they not being rewarded on the stock market?

Analyst consensuses for the five biggest banks show an estimated record £51.6bn in pretax profit for 2023

However, none of the UK’s Big Four banks have seen their shares rise over the last 12 months.

The FTSE All-Share Banks index has dropped nearly 11 per cent in the last year. The worst performing stocks have been Natwest (down 32 per cent), Lloyds (down 21 per cent) and Barclays (down 23 per cent).

https://www.cityam.com/why-are-uk-banking-stocks-doing-so-badly-despite-bumper-profits/

Https://youtu.be/Mpg6SmlKYvE?si=XNUKcfbjHXcNoYl4

China has been only too happy to oblige, pouring money into Indonesia to develop new nickel mines, expand existing ones and build nickel smelters.

This has turbo-charged nickel production in Indonesia, which has grown its market share from just 2 per cent in 2015 to 49 per cent of global supply last year.

China’s investment in Indonesia is all part of its master plan to maintain its stranglehold over the battery metal supply chain.

Australia exports 97 per cent of its lithium to China – the world’s biggest manufacturer of electric cars and the batteries that go into them – to be refined.

But the over arching reason for the fall in various battery metal prices is flagging demand for electric vehicles.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-13075303/amp/Battery-metal-mines-battering-Oz-slow-electric-vehicles-sales-coincides-surge-supply.html

December’s inflation-beating increase in wages offers both good and bad news for the UK, Charles Stanley (LSE:CAY) (Charles Stanley (LSE:CAY)) analyst Rob Morgan has said.

https://www.proactiveinvestors.co.uk/companies/news/1040824/inflation-beating-wage-growth-means-higher-interest-for-longer-analysts-1040824.html

Https://youtu.be/UbktqyPB3Rw?si=W8E3hTsY_83JcywH

Aston Martin owner Lawrence Stroll: F1 team targeting its first win in the 2024 campaign

https://youtu.be/aEGfGAwCPuE?si=GFt3jn238mWWXtof

Mararab

"you know haow many flew with iag ???"

BA is the largest carrier at LHR operating around 50% of all flights this should give you a good indication of passengers numbers for BA

Britain’s biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.

Natwest is due to report full-year results on Friday, followed by Barclays next Tuesday and HSBC next Wednesday.

Lloyds Banking Group – including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows – will round out the results season next Thursday.

Analysts expect these firms, collectively known as the Big Four, to rake in as much as £47bn in profit between them on the back of higher interest rates

https://www.cityam.com/big-banks-set-for-bumper-profits-as-interest-rates-peak/

A continued recovery for the service sector has boosted UK business confidence as output levels start to inch closer to pre-inflation highs.

According to the Output Index of accountancy and business advisory firm, BDO, output in January rose for the third month in a row to 99.42, the highest level seen since July 2022.

https://www.cityam.com/business-confidence-cautiously-returns-as-service-sector-continues-recovery/

"Can it do the busines until electrification?"

Looking like the car industry is stepping away from electric motors AML is ahead of the game

Https://www.topgear.com/car-news/motorsport/youve-seen-new-aston-martin-vantage-now-check-out-its-gt3-cousin

Six million people passed through the UK’s busiest airport over the month, Heathrow updated on Monday, marking a 9.4% increase on January last year

Cargo shipments also grew throughout January, with 122,255 tonnes worth of shipments passing through the airport during the month - up 20.2% on last year

https://www.proactiveinvestors.co.uk/companies/news/1040711/heathrow-sees-passenger-numbers-jump-early-on-in-year-1040711.html

Https://www.astonmartinf1.com/en-GB/news/announcement/aston-martin-aramco-presents-the-amr24

Heathrow’s fresh calls come despite January passenger numbers ticking up 9.4 per cent year-on-year to just under 6m.

The Hounslow hub has forecast record levels of traffic in 2024, as consumers continue to prioritise holiday spending in the post-Covid era.

Heathrow chief executive Thomas Woldbye said: “The year has got off to a strong start, retaining Heathrow’s crown as the best UK airport.”

https://www.cityam.com/heathrow-britain-has-shut-the-door-on-home-grown-growth-with-tourist-tax/