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Charlie Nunn second anniversary today when he took the rains the share price was 45.63p today it's 7% down 🤦📉

LONDON, Aug 16 (Reuters) - British annual consumer price inflation slowed to 6.8% in July, figures from the Office for National Statistics showed on Wednesday.

Economists polled by Reuters had forecast that the CPI rate in the 12 months to July would drop to 6.8% from June's 7.9%, moving further away from October's 41-year high of 11.1% but still far above the Bank of England's 2% target.

The BoE said earlier this month that it expected inflation in July would fall to 6.8%.

https://www.reuters.com/world/uk/uk-inflation-rate-slows-68-july-2023-08-16/

Britain’s digital lenders have steamed ahead of their high street rivals on customer satisfaction this year, with Monzo and Starling topping the rankings and Virgin and HSBC languishing in last place.

In its official ranking of banking account satisfaction today, the Competition and Markets Authority found that challenger fintech banks had ranked at the top in provision of both retail and current accounts.

https://www.cityam.com/ranked-the-best-banks-for-customer-service-monzo-and-starling-steam-ahead/

NoahsArk

F1 team brings in lots of revenue for AML what they been experiencing is race on Sunday sell on Monday the DBX707 medical car has generated up to $60 to $80M in sales so far this year once Fernando Alonso is back on the podium the wealthy aristocrats will be signing up for the latest models 📈

Just hope the next RNS isn't another placing this will tank the share price

The Bank of Russia has raised its key rate to 12% from 8.5%

UK financial services execs are coping better with the bleak market conditions compared to their US counterparts, according to a study by New York-listed Fidelity National Information Services (FIS).

“Many of the executives we surveyed plan to do so with future-looking technology, such as embeddable financial services using APIs, blockchain and generative AI, to deliver advanced customer experiences.”

However, only 36 per cent of UK banks are investing in generative AI, compared to 48 per cent of US banks.

Fintech company FIS surveyed 4,000 consumers and 800 financial service firm executives in the US and UK.

https://www.cityam.com/uk-banks-handling-interest-rates-better-than-us-counterparts-but-are-lagging-on-ai/

Data out today It's looking good for governor bailey will deliver one more 25 basis point rate hike before it brings its tightening cycle to a close

The rate of UK unemployment rose to 4.2 per cent in the three months to June from 3.9 per cent in the previous three months, the Office for National Statistics said.

However, this was tempered by annual growth in pay – excluding bonuses – up to 7.8 per cent in June. This is the highest regular growth rate since records began in 2001.

https://www.cityam.com/uk-unemployment-ticks-up-but-wage-growth-hits-two-decade-high/

aston martin are reportedly all set to poach another red bull engineer, having already irked the team when they signed dan fallows. the ***don-based outfit signed fallows, who was believed to be adrian newey’s right hand man and a critical member of the milton keynes outfit. however, as per a recent report from formulapassion.it, it seems that red bull’s brain drain is not going to end just there as aston martin are all set to sign newey’s protégé, thijs van rees, as well.

Investor sentiment towards multinational miner Rio Tinto (Rio) has not improved in this week’s early trading, despite the FTSE 100 company closing in on plans to extract resources from the world’s largest untapped supply of iron ore.

https://www.cityam.com/rio-tinto-suffers-from-chinas-sluggish-revival-despite-inching-closer-to-mega-mine-project-in-guinea/

BEIJING, Aug 15 (Reuters) - A broad array of Chinese data on Tuesday showed the economy slowed further last month, intensifying pressure on already faltering growth and prompting authorities to cut key policy rates to shore up activity.

Less than an hour before the release of a batch of July data, China's central bank unexpectedly cut key policy rates for the second time in three months, underlining the rapid loss of the post-COVID economic rebound that has shaken global financial markets.

Industrial output grew 3.7% from a year earlier, slowing from the 4.4% pace seen in June, data released by the National Bureau of Statistics (NBS) showed on Tuesday. It was below expectations for a 4.4% increase in a Reuters poll of analysts.

Retail sales, a gauge of consumption, rose 2.5%, down from a 3.1% increase in June and missed analysts' forecasts of 4.5% growth despite the summer travel season. It was the slowest growth since December 2022.

https://www.reuters.com/world/china/china-cuts-key-rates-industrial-output-retail-sales-growth-miss-forecasts-2023-08-15/

The People's Bank of China (PBOC) said it lowered the rate on 401 billion yuan ($55.25 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions by 15 basis points to 2.50% from 2.65% previously.

https://www.reuters.com/world/china/china-central-bank-cuts-rates-second-time-three-months-support-economy-2023-08-15/

Gate13Boy

""One day you’ll understand what drives Lloyds share price""

Lloyds piggybacks the UK economy it's seems the BoE is trying it's hardest the drive us into a recession when all the big business are thriving with CEO earning massive salaries it's seems central banks must create a recession to get back price stability

SUFCESSEX

"Yeap crazy this low share price today"

I'm sort of in same boat as yourself got a nice holding getting a good dividend payment I managed to get my average SP down in the pandemic hoping this would be back up to pre pandemic levels, need 60p to break even don't think we'll see this year

GL

""We nearly have deleted 12 Billion shares since 2018 and that's on top of issuing more shares for the staff since 2018""

The share price was 60p in 2018 🤦📉

In 2 days time it's Charlie Nunn second anniversary when he took the rains the share price was 45.63p today it's 6% down closing at 42.84p in his 2 years the 4 billion in buybacks have increased the value of the stock When you take shares out the market it increases its value and increases its earnings of the company, Normal stronger earnings generally result in stock price moving up, The BoE have hiked rates to 5.25% making Lloyds profits from net interest £3.675 Billion and yet the share price is still lower what a great investment Lloyds is

The boss of Rolls-Royce Motor Cars was handed a bumper £1.77m pay packet, up 72 per cent from last year, after sales and profit at the carmaker hit record levels in 2022.

Rolls-Royce’s latest company filings show the group delivered a record 6,021 cars in 2022 – with the US, Greater China and European markets the most fruitful.

The carmaker, which is owned by BMW, made £887m in revenue, up 12 per cent year-on-year and saw annual operating profit jump 22 per cent to £120m.

As a result, long-time chief Torsten Müller-Ötvös saw his pay packet reach over £1.77m, up from a previous £1.04m.

Müller-Ötvös guided Rolls-Royce to the highest year of sales in the marque’s 118-year history in 2022 and has overseen a string of major announcements, including the launch of Spectre, the world’s first ultra-luxury fully electric coupé.

Account filings show that the new Spectre model had seen its order backlog stretch well into 2024.

The West Sussex-based firm has cashed in on a spending splurge among the wealthy, with a host of luxury marques including Bentley and Aston Martin benefitting from a consumer base who have been largely unaffected by the cost-of-living crisis.

In January, Müller-Ötvös put the sales boom down to a post-pandemic rebound, which had accelerated a “life can be short” mentality among its customers.

https://www.cityam.com/rolls-royce-motor-cars-boss-rakes-in-1-77m-pay-packet-after-record-year/

London’s economy has continued to outpace every other region in the country even as rising interest rates and recessionary fears drag on growth across the UK, a closely watched survey has revealed.

Growth in London slowed in July as the Bank of England’s rate cycle eats away at spending power but the capital remained well ahead of the UK in the speed of its economic growth

https://www.cityam.com/london-growth-continues-to-outpace-every-other-region-amid-interest-rate-pain/

Some 7.6 million jet-setters flocked to Heathrow Airport in July as damp weather sent Brits searching for summer sun.

New figures from London’s biggest airport shows that while the figures still remain below pre-pandemic levels, demand for international travel is picking up.

https://www.cityam.com/heathrow-airport-damp-july-weather-sends-7-6-million-brits-jet-setting-in-search-of-sun/