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"The company aims to sell its gold inventory by the end of the year, he added, mostly to buyers in Asia."

Promising in the short term too.

Probably just a rerun of Red October.
Does the captain have a Scottish accent?

my understanding of the 'crash' is that pension companies were buying the gilts using leverage so as the price of share went down they were getting margin called and needing to sell what was liquid which was the gilts which then pushed the prices lower causing more margin calls which is why BoE had to step in and put a floor under it

Could be a new pm soon.
They dont seem to understand what has happened.
It's that we are reliant on foreigners to buy our debt (assuming we don't want BoE to do it all) and they don't trust the our gov have a plan on how to improve the country. What was needed was if they really think their budget was good for country, and they still say it is despite this U-turn, was to come out with the details, how are we going to pay for these cuts? If you are going to borrow how are you going to pay it back, what time frame?
This U-turn actually makes them look worse imo (hard to believe!) And why would people invest into UK with no idea of what the next months and even years will bring.

Also think this is not the end, I'm expecting a U-turn likely on fracking and banker bonus too as they are really hard to get through parliament and is pretty impossible to defend ok on the door step.

New PM same blind decision making with no understanding of consequences.

On the only plus side lots of good deals in the FTSE as shares are down but poly, Glencore, shell, bats etc are multinationals so as long as USA, China, Europe can get themselves in order the profits will be rolling in esp when transferred back to sterling

I don't think China and especially India will allow Russia to use a nuke of any size and they are the remaining 2 main importers of Russian O&G so Russia can't afford either of them to cut ties.
Also after meeting both Putin said on record he understands their concerns so I'm confident they have given red lines .
Russia went into Ukraine only to stop O&G exploration that would have significantly cut their share of Europe market, same reason with Crimea (and Georgia) but all they have done is speed Europe's move away from Russian O&G.
Rusian economy is going to bleed white they are likely finished as much of a power on world stage and if they lose either India or China then their economy will collapse very quickly (months still but that's quick).
Anyway good Fxpo nor the port it uses is in Russian 'claimed' territories, hopefully this court ruling will be overturned too. If it goes near 100p a share with no new change I'll be looking to add but happy with what I have here should I not get picked up.

On the plus side the share price has held up well over the last week ;)

@ Billy
I would 'guess' we won't go that low simply as most FTSE companies have a lot of their business outside UK so their businesses won't be as affected. Therefore people outside UK who actually have money and who are getting extra discount not just on share price but on fx of sterling vs everything will be stepping in.
Glencore market cap for eg of about £62B would have been $84b last year, now it's $66b!

That said, who knows what this government will come out with next :(

@Robelo, you are right, certainly didn't expect the new government to be so much worse than the last terrible one we had, problem is whilst Johnson was useless at least he could see the other side to arguments (and frequently bounce back and forth within days ) these new group seem to be ideologists that supporting the richest is the best way to get money to the poorest. This is the culmination of 6 years of Brexit party rules and especially last few years since Johnson got rid of any non-believer from the tory party so all they have is an echo chamber of people telling them they are right, either from within the party or these think tanks that hide who they are funded by.

This also explains why after such a massive mess up they are only making things worse each time either Kwasi or Liz speak.
It could well get worse from here as cutting taxes and pumping up spending, even having central bank have to buy the debt because no one else trus*s it, and crash your local currency when you are a net importer is not a great way to tackle inflation

@Ade1234 regs the gov, I'm afraid this is just the cumulation of the last 6 years since brexit of emotions vs facts, ideology vs reality.
They are out of road in regards to being able to say something better is coming (sunlit uplands) and that anyone who questions their beliefs are just anti British (more accurately anti-English) or unpatriotic.

Eventually reality had to catch up with all the false promising and anyone with some finance knowledge (even Rishi and I am no supporter as a financier who supports brexit has real issues) knows you can't print money unless every other country does it, or you have the reserve currency, without tanking sterling, and that giving tax cuts to fight inflation is like using gasoline to put out a fire.

IDK maybe because metals are priced in dollars and the gov are kindly inflating the prices for us by killing the pound?
All (almost) miners are up so likely not a Glencore specific cause.

As someone wrote in FT this gov are so American loving that they think they can copy what America does.
Issues to that are we don't have a massive 350mill plus trading block with frictionless trade (well not anymore!) and we don't have the reserve currency so the constant demand for pound is not there as it is for dollar.
The saddest part is these are really simple so that the current brexit incarnation of conservatives couldn't see it does not bode well for future

Even for this stock today is 'special'
Finally bottom?

big blue I agree there is little to say the new board that turned up 5 minutes ago have the shareholder's best interest at heart.
And yet personally I feel that any split of assets would be at a massive discount and so would prefer to wait 12-18 months (maybe less) until the Ukraine war is behind us and the company is better priced.

loving the negativity, tells me we are near a bottom in the markets and I know predictions are tricky, especially about the future, but the last week tells me V'fone has a floor at about 107, no matter what comes out so I'll put 115 as my prediction for end of Fri with most of the work done early in the week.

Happy to have disagreements but also I'm sure inflation is done. only problem is most countries esp US are still acting like it's still here so central banks have already overdone the interest rises and will in next couple months realise that they have gone from being too passive last year to too aggressive this.
Expecting strong asset rises sometime November onwards but def from Jan-Feb onwards so am happily picking up nice deals in the market (no I'm not French so don't quite have that much to put in here!).
Anyway recommend people don't get too doom and gloom as the more your google feeds and youtube channels are sell sell sell, the more likely it is we are near or at the bottom of the market.
gla

guaranteed certainty?
I've got share and hope, even expect that they'll start trading again in the next year or so but at same time have written off the value of them from my portfolio as there is definitely no certainty here

He doesn't own Chelsea anymore either so that's got to be a plus for his reputation:)

Johnny you are the argument against one person one vote

Simplest answer is that BoE is trying to bring down inflation whilst gov is not interested or understanding and just pumping it.
Right or wrong of course gov paying everyone's energy bills is inflationary

about time, it has been almost a week since the last cheap UK stock got snapped up by foreign investors.
When tories said they were going to get more investment into UK I didn't mean they planned to crash the pound and our stock market so all our companies would get picked off on the cheap.

https://newsthump.com/2022/09/21/putin-conscripts-to-be-down-skilled-to-the-required-level-of-russian-military-ineptitude/