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Derivatives ban is only for amateur accounts not for professionals, which you can upgrade to with accepting T&Cs. Rest of your comments are wrong too.
I don’t know what you mean by “BOE bans crypto currency transactions in sterling “. The conversion to any fiat currencies is between the two parties no governments or central banks involved. It is like every other deals, seller pays for the good they receive or investors pay £20 for a share with nominal value of 10p. Unless you mean it is classed like drugs and any deal considered illegal, which is a bit long shot. Given that hedge funds have been including cryto into their portfolio and Fidelity accept bitcoin as collateral for cash loans. SEC has no issue with hedge funds buying bitcoin at the moment.
Not that I am advocating bitcoin but FCA are just worried about themselves and becoming redundant , as they are powerless over decentralised digital currencies.
“ Hopefully our Grandchildren will have careers in High Tech Industry, rather than serving coffee at Costa, or Burgers at Mc Donald's.“
What was stopping them before Brexit? They had easy access to education anywhere in the Europe. Didn’t need work permit to work in the largest market with 20 trillions $ GDP. Now they have to compete with candidates from the US, China, Japan when there are no suitable candidates in the EU. And you know what, high technology from foreign companies mean you will be served by robots in coffee shops and fast food chains. Look beyond BT and you will see it’s happening in lots of places outside of the UK.
Slowdown NigeCo, that was a joke ! A sarcasm how people interpret balance sheets and value a company !
NewKOTB,
Look, you miss an important point. High quality companies tend to have higher P/E ratios because investors are willing to pay more for that company. BT has P/E of 6.2 whereas TSLA has a P/E ratio of 1,699. That makes it one of the best companies in the world! :)
EU officials must rule separately that British financial regulations and oversight are strong enough to create a level playing field.
“Nothing against fishermen, and I eat a lot of fish, but nonetheless the financial sector is a larger share of the economy than the fishing sector and yet we hear nothing,”
Boris Johnson has already said in an interview with the Sunday Telegraph that, when it comes to financial services, the treaty “perhaps does not go as far as we would like.”
Full article: https://www.bloomberg.com/news/articles/2020-12-29/brexit-deal-offers-scant-solace-to-city-of-london-under-threat
“ The best entrepreneur and dynasmn is created when life is tough...”
You mean next time we prospered let’s f**k it up again?
“ is how much our currency has depreciated against Germany...”
Barchid, currency values are just an instrument for making economic score like China deliberately devalues its currency. Look at the quality of life we currently enjoy and how it compares with 1973 or the other EU countries at present time. We are going through Brexit any way, just need to figure out where we are heading and what industry would likely to thrive in terms of investment.
This is the business that was hurt by pandemic and was lucky not to fold. These idiots know they got bad loans on the book and how much the petrol, mobile and cloth departments had suffered. Just look at the news, retailers with active online sale are going down. There was no need to return the money when Tesco needs it. For heaven’s sake Pound is a reserved currency and Government doesn’t run by our tax money. Government won’t go bankrupt if they are short of money. Board’s decision would have made more sense if we could not print our own money like EU state countries or our national debts were in form of other currencies.
Well said EdGasket !
Due to pandemic they faced over £735m extra costs and still decided to return rate relief? Board must be bunch of freaking nuts to think they can spend shareholders money as they wish. Shouldn’t such amount of spending be voted by shareholders?
Government ask regulator to approve Astrazeneca/Oxford vaccine for emergency supply
https://www.cityam.com/government-ask-regulator-to-approve-astrazeneca-oxford-vaccine-for-emergency-supply/
“ This is from October, take from it what you will
https://www.youtube.com/watch?v=qt3qdC5YGg4 “
Thanks fleccy, sums it up !
How do you know FDA is not happy? FDA was informed about the half dose at very early stages and were happy with the procedures. The approval cut off line is 60% efficacy.
1) Philippines, private firms to sign vaccine supply deal with AstraZeneca
https://uk.finance.yahoo.com/news/philippines-private-firms-sign-vaccine-095558682.html
2) Thailand to sign vaccine agreement with Oxford – AstraZeneca
https://www.reuters.com/article/health-coronavirus-thailand-vaccine/thailand-to-sign-vaccine-agreement-with-oxford-astrazeneca-pm-idUSL4N2IC2R6
“Who will want a vaccine with 62-70% efficacy over one that has 95%?”
Flu vaccine has been developed a long time ago, they didn’t rush the procedure or relaxed experimental standards and its efficacy is 67%. The 95% is company’s announcement, has not gone through peer review process. Bear in mind, every individual is genetically unique and respond differently to medicines. Biology is not a science like physics or mathematics, 95% efficacy is just seem too good.
Regulators were aware of this. Copy pasted from NY interview below.
“ He said the error in the dosage was made by a contractor, and that, once it was discovered, regulators were immediately notified and signed off on the plan to continue testing the vaccine in different doses.“
Only developing countries would get the vaccine at cost price. They can’t afford expensive one anyway. As an investor you must learn to get your priority right, it was obvious from the beginning that Astra was part of the global initiative group and were not going to make profit out of this. Also on a different note, vaccine has never produced juicy profits. This kind of non-profit activities are great for PR and british influence at global scale. I am invested here and prefer Astra prevents loss of many lives over a little short term profits.
“ After one day TSCO ran out of steam.”
Tesco has been rallying since 30th of Oct and the rally was supported by higher than normal trading volumes.