George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The rise in the FTSE100 to over 8100 has been curtailed by the large fall in US indices, they are experts at throwing a spanner or 2 in the works. Government want NWG over 300p before they announce their Sale plan. LLOY holding up well.
Plenty of sellers out there today to aid the buyback program, will be interesting to see the prices paid later this evening. Price declined through the afternoon assisted by a weaker US market - US futures negative by 150 at 4.30pm lets see what happens to them once the UK closes.
"Also to be considered is if we are in for two or three terms of Labour government."
If I recall well, many said similar when Boris got home with a great majority - They had to deal with Brexit, The COVID pandemic and the Russian invasion of the Ukraine, an energy crisis and world wide inflation - What excuses remain available for Labour, I'm sure they will make so up.
Littleaston
History says that could be a good move as LGEN have tended to drop by much bigger values than the dividend. The only concern could be the level of the FTSE100. With it at or close to it's peak, there is a chance of it shooting higher taking the likes of LGEN (and many others) higher, although this has not historically happened Will continue to hold and watch with interest - good luck.
Some of the UK's biggest banks are raising mortgage rates as expectations of when the Bank of England will cut interest rates are pushed back.
Barclays, HSBC and NatWest are all increasing some costs on fixed-rate mortgage deals from Tuesday.
IOM being impacted by the potential for military action over the weekend by Iran on Israel. Hope I am wide of the mark, there are enough conflicts going on around the world.
In June 2022 (I bought a few when opening my Chase bank account) the J P Morgan share price was $117, having dropped 5.5% today it is $184.58 perhaps a bit toppy.
LTI
The figures in the title represent the market cap of LLOY when they commenced the 2018 buy back (for cancellation) program and the share price was 68.80p. With a market cap today of less than £34bn that's (even accounting for dividends) a woeful performance in anybodies book. A traders paradise, a LTH nightmare.
Quite an eye opener when considered in the manner you set it out.
It begs the question as to why industry leaders have not put the question to government in the same manner. Perhaps they have and it has fallen on deaf ears. In any event once the CNS is dead, watch out Tesco or maybe the banks with Q1 results due in a couple of weeks.
Following the US inflation results, market commentators do not expect rates to ease before August/September 2024, with an outside chance of an increase before then should inflation persist.
With Q1 results from LLOY due in about 2 weeks and Q2 due in July LLOY will continue to benefit and with the right market conditions, supported by share buy backs a decent rise in sp could be on the cards.