Member Info for MarbleMadness

Steep fall?

Traders are doing their usual wealth transfer from retail investors by dumping and buying lower. Do not sell a sausage.

The UK’s chief Brexit negotiator said that a free trade agreement with the European Union could be agreed in September on Thursday, as Ireland’s prime minister said a “landing zone” for the deal had emerged.

British and EU officials meet in Brussels for the seventh round of trade talks next week after a fortnight’s break following five weeks of intensified negotiations.

David Frost said, “Our assessment is that agreement can be reached in September and we will work to achieve this if we can.”

Michel Barnier, the EU’s chief negotiator, has set an end of October deadline for the trade deal to be finalised, which is supported by influential member states such as Germany.

I can't see the horse making it over 30p without the GDP figures. Happy to be proved wrong of course.

Reading these paper headlines .. 'second wave across Europe', 'second wave coming to the UK'. Not sure how it can be called a second wave? If you suppress the virus by locking down you're not allowing the pandemic to run it's course. So any upticks are just the original wave carrying on.

If we went down the herd immunity route and experienced a peak and trough then a few months later had it again.. there's your second wave.

Why the BS?

Will the furlough be extended for some people? Good for the banks.

'France is extending until potentially 2022. Spain is looking at an extension all the way into next year, and so are Germany and Italy. And in this country the Chancellor is already coming under intense pressure to push out the end date at least for the hardest hit sectors of the economy.

Right around the world furlough schemes that allowed companies to park staff for a few months over lockdown are being allowed to run on for far longer than originally planned. It would be no great surprise if Rishi Sunak decided to do something similar.'

Just had a brilliant idea. Why don't they open schools between 07:00 and 15:00. Then the pub from 15:00 to midnight or one?

Plus the schools don't open on weekends allowing for weekend benders.

The share can go to zero. But I don't think so

- Lloyds is well capitalised (thank you 2008). Divis cancelled so profits used for impairments
- No national lockdown. Government cannot afford to do it again plus the WHO said don't do it
- Most people are working remotely
- Majority on furlough have returned to work
- Retail bounceback in June and July
- Vaccines are imminent. 2 days ago AstraZeneca said the mass trial is going well
- Potential extension of furlough for the worst affected services - 1 to 1.5 million. If they close the pubs for schools they will have to look at this

What do you reckon? 30p in a few weeks?

'Elderly may be asked to stay at home under ministers' blueprint to avoid new lockdown

Elderly people and others considered to have an increased risk from Covid-19 could be asked to stay at home under radical plans being drawn up to avert a second national lockdown, the Telegraph can disclose.

Last month Mr Johnson told the Telegraph that the option of a second national lockdown was now akin to a "nuclear deterrent", saying he "certainly" does not want another blanket shutdown, "and nor do I think we will be in that position again".

Speaking to the Telegraph, Dr Maria Van Kerkhove, who helps lead the World Health Organisation's pandemic response team, urges countries not to reimpose national lockdowns in an attempt to stem the spread of Covid-19 due to the health, social and economic repercussions.

Under the proposals, a greater number of people would be asked to take part in the shielding programme, based on their age or particular risk factors that have been identified since March.

Government research has found that, among people already diagnosed with Covid-19, people aged 80 or older were 70 times more likely to die than those under 40. Officials have also stated that people with diabetes, heart disease and dementia all appear to be at higher risk of death.'

'Russian health authorities are preparing to start a mass vaccination campaign against coronavirus in October, the health minister has said.

Russian media quoted Mikhail Murashko as saying that doctors and teachers would be the first to receive the vaccine.

Reuters, citing anonymous sources, said Russia's first potential vaccine would be approved by regulators this month.'

Have they've stolen the Oxford vaccine?

"Falklandinvestor, I think Everyone on this bb will cheer whenLloyds starts an upward trend"

Everyone apart from Darth Vader.

AstraZeneca has reported that it has obtained ‘good data so far’ on its Covid-19 vaccine candidate, which was licensed from the University of Oxford and is currently in large-scale clinical studies.

The potential vaccine has entered its final trial in Brazil, with studies ongoing in the UK and South Africa.

On a media call, AstraZeneca chief executive Pascal Soriot said: “The vaccine development is progressing well. We have had good data so far. We need to show the efficacy in the clinical programme, but so far, so good.”
----
The most senior infectious diseases expert in the US, Dr Anthony Fauci, has told US lawmakers he was hopeful an effective Covid-19 vaccine will be readily available by the end of 2020.

“We hope that by the time we get into late fall and early winter, we will have in fact a vaccine that we can say that would be safe and effective,” Dr Fauci told a House of Representatives subcommittee on Friday.

“One can never guarantee the safety or effectiveness unless you do the trial, but we are cautiously optimistic this will be successful.”

The majority of furloughed workers have returned to work ahead of the first phaseout of the scheme this weekend, new research has shown.

Despite official figures saying that 9.5 million workers are furloughed, this is “wide of the mark” as more than half of these have returned to work, new research by the Resolution Foundation, the economic think tank, has shown.

From Saturday, employers will have to contribute towards the cost of paying furloughed staff's wages by paying their employer National Insurance and pension contributions, at an average cost of £70 a month.

Meanwhile “over a million” workers in hospitality and leisure face a “heightened risk of unemployment in the coming months”, the Resolution Foundation warns.

"There will be no dividend on Lloyds until the world is vaccinated..."

Not sure I agree. When there is a proven vaccine the markets and businesses will react long before we are all injected. Just my opinion.

"The World Health Organization has said multiple vaccine approaches are necessary for COVID-19, noting that the usual success rate for vaccine development is about 10%.

Shattock said there were numerous coronavirus vaccines now in clinical trials, and he predicted that at least some of them would prove to be effective.

"We have 20 vaccines in clinical trials, (so) we can be pretty confident that at least two of those will work,""

The performance is now down to a covid vaccine. Forget the Government, they've already lost control.
Covid cases are rising so what's coming next, more lockdowns? Furlough scheme ends soon. Rock and a hard place Boris.

Should have done a Sweden, saved us a trillion quid.

Is it really that busy or just looks it with the big gaps between people? :P

The roads do seem a lot busier today. Where is everyone going? My work office is empty apart from the odd face. Lazy b&%£ds 'working from home'.

I hope it drops to 23p for about a second then back up to 30p. Just need to satisfy particular forum members (J46) then we can all move on.

Onwards and upwards!

We are better off having these 'controlled quarantines' than going through bigger waves. Thankfully Spain is only one of many TUI destinations.

Let's not forget there are 18 vaccines in phases 2 and 3. IMO one would hope to see some decent results before September.

Oxford vaccine news imminent. Kiss goodbye to seeing the ever seeing the 20s again.

NS&I has no FSCS limits. Why fart about with these challenger banks when you can do it properly. Bulk savings in NS&I and current account/credit card with good old Lloyds.