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Pressures from PPI, low interests rates, lowering borrowing to name just three possible reasons for the current negative trend, there are more reasons, which others might like to chip in with. The long term trend will probably turn when PPI window closes or Barclays categorically rules out further provisions.
I remember when the bank tried to persuade/ scare me into taking out PPI for my mortgage. After I made a quick calculation I said don't be daft I'll make my own provisions. I know plenty of people accepted PPI for peace of mind. Maybe I should have taken it after all with all the money the banks are now throwing around.
Already in profit. Tesco's strategy for improving efficiencies and sales is producing positive results and putting them on strong long term growth path. If Booker deal goes ahead, which it should - we are in a different market than a few years ago, their growth will be put into overdrive.
Just needs flushing away now. Anyone who thinks monitise is being sold off cheap could always back Fiserv after the lifeline thrown to the company and reap the rewards later. So all may not be lost.
Yeah £2.2bn raised from Af sale is good short term but they get back less than they put in. Africa will probably recover in 5 years time but Barclays can't wait that long and Jes is under pressure to deliver results in the short term.
Shorts closing as we get closer to UK bank results reporting and Brexit vote on final deal by MPS.
So RBS are confident that the US fine will not be higher than $10bn with their lastest provision. That would draw a line under their past and clear the way for future profits.
With commercial property values falling, Morrisons book value will have to be adjusted down. Wiping millions off the balance sheet.
The Germans are already here. If you are speculating on a takeover of Morrisons it certainly would be good way of them increasing market share fast before tesco gets in, possibly. Morrisons is a very attractive proposition considering its supply chain and real estate ownership plus the recent link up with Amazon.
One might have expected sales to be a lot lower after off loading the convenience stores. So not a bad set of results overall and it shows signs that the turn around plan is working. Reducing debt by a 5th will increase cash flow. Nothing amazing to report so no sp boost but more importantly nothing bad.
Some nervous investors are expecting poor results tomorrow, but the long term outlook is good. There may be better than expected results due to the increasing number of shoppers and lower overheads which can offset lower prices. Significantly better than expected results could see us touch 220p and indicate gathering momentum in Morrisons' turnaround plan. At worst the results could be flat.
Amazon was always going to expand its business into this area, fortuitously it was Morrisons that got in there with them, no doubt other players were considered but lost out. The growing home delivery market and Amazon's effective logistics network means Morrisons can now reach a much bigger market than it could have hoped for on its own. Who knows maybe one day Amazon will buy Morrisons.........How will Amazon/Morrisons reconcile the obvious conflict of interest with Morrisons.com - buy Ocado!
Morrissons may need to increase checkout capacity to cope with the higher number of shoppers they are attracting.