RE: BUY BACKS, DIVI AND PROFIT DO NOTHING TO INCREASE SP FACT WHY?22 Dec 2022 18:49
ls
''This year Lloyds has no''
This year inflation reared its head due to supply issues on recovery from Covid 19, then further cost pressures with energy/war in Europe resulting in 40 year high inflation. Increasing base rates from 0.1% a year ago to the current 3.5% with more to come. Predictions of a long lasting recession to come, with rising unemployment.
Income/profitability for the year will not be known until February.
There may be, and I would like to see £1 Billion provisions set aside for bad debts with the final results.