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Times such as these, the MOD and affiliates will be expected to spend more with less scrutiny on product/services, suspect this is the reason. BAE went up by 12% or more in the past 2 days. Avon Protection similarly has risen.

Is it correct the Haleon demerger will be tax neutral outside of ISA as far as CGT is concerned? Whilst we will receive shares in a new company, there will be a lessening of the share value in the remaining GSK entity, thus there may be no overall gain.
My assumption (perhaps wrong) is that you would show the new Haleon shares on your tax return simply as shares acquired at the launch price, then treat them the same as any other share for tax reporting in terms of gain/loss/CGT.

Plus the small matter of a few thou tank killers supplied by us!!

Thanks all, useful exercise, power of discussion has illuminated some points.
Paul, one thing re your rather nice wad! You are right about the transfer but not necessarily the reasonable cost, that is the exact dependency I was worried about. Notably, provided Lloyds had enough assets to pay the receiver the cost of administration is covered. However the point of insolvency is that they have run out of money and gone bust hence assets are minimal or zero. Very very unlikely with Lloyds as they are overseen by a regulator but in many cases regulators have done a very bad job and been asleep at the wheel, we read that all the time, they are a useless blob of civil servants. That's what happened with much smaller brokers, Beaufort and LLC.

Found this link which explains it. Doesn't sound likely in the case of HL or II but my pension is worth quite a bit in excess of the £85K protection limit so stuffing it in a SIPP with just HL may not be wisest. Additionally of course there are service breakdowns when you can't access/get money out for some reason so another string to the bow can be handy. Anyway, here's the link.

https://www.investorschronicle.co.uk/managing-your-money/2019/11/07/what-to-do-when-your-broker-goes-bust/

Thank you for the reply Paul. However, owning the stocks does not protect you 100%. Previously, brokers have failed and whilst the stocks and cash are ringfenced from their operations, this did not stop the liquidators charging hugely for their services. If there are not enough assets left at the failed company they have the legal right to charge the clients who own the stocks for these services which are usually multi millions.

Apologies as off subject but thought i'd ask.
Toro offers a 1M insurance against insolvency/fraud, the more familiar names such as Hargreaves and Interactive do not. Given I have a SIPP I want to put into drawdown that takes me above the FSCS limit of £85K, would it be wise to spread out amongst a few rather than one broker ? I appreciate it's unlikely HL will go bust and there are multiple protections in terms of separation of client assets but you never know and there's always corporate fraud.
I don't really want multiple brokers or to use eToro and would like for administrative purposes to have everything in one place.
I notice the US has $550,000 of securities and $250,000 of cash insured by the Gov - US always ahead of UK I guess.

Regarding obnoxious posters, someone once told me "don't give them an audience".
If the sensible posters refuse to rise to obvious bait the blog will remain useful rather than descend to playground.

Back on subject, a while back I jumped onboard at £30+. I thought even at that price the company was ripe for takeover. So, I've doubled up buying another 50 shares for one third the price and will tuck in bottom drawer. Given world unrest, Taiwan, Ukraine, Belarus - Avon may just be a sound buy.

Yep, but you'll only get £6.05p after the acquisition. Hardly covers the fx costs of $ to £ on dividends or the 15% withholding tax.
So unless they improve the offer I'm out at a profit and may use to acquire Avon Protection given what's happened there.

Doubled up for pennies, trade costs were the most painful bit. Hope it's not a falling knife. US open will be testing.

Might be because of the hassle , eg you can grab it at 5.65 today or wait for £6.05 but ~ 50p of that is tied up with Norton. Thus you would have to sell to realise it, facing both trade costs and FX. To many, that's just not worth it plus of course there is the 15% withholding tax on dividends.

Working that thru, surely the $7.61 + 0.0302 is better value isn't it? Probably not done it right but with 1.38 fx rate and $24.77 SP, that's roughly £6.00 vs £5.20. Apols if I'm repeating any earlier unread posts?

Darktrace need to post strong example editorials of how they are preventing attacks like Tesco/McClaren etc.
If the code is any good they should be the goto product if they make enough visibility. In my old firm it was called reference selling and there was nothing like it for getting you across the desk of a new customer when you had saved one of their peers from disaster. My stuff was backup software, nothing as complex as this cyber stuff though.

Very interestingly they also state they provide insurance up to a Million Euro for investors in case of insolvency and fraud. That's got my attention as I sprawl across several due to the Financial Services Compo being only £85K.
This could allow me to centralise and reduce trade costs but I don't know them yet or trust them as I would say Hargreaves?
However I'm gonna look hard into it now.

This platform trying to tempt new business with a small outline of the opportunity in Cyber. Anyone use them, are they any good as a broker, no commission sounds handy? The note outlines a few companies to look at but sadly not Darktrace.

https://www.etoro.com/news-and-analysis/stocks/cybersecurity-industry-2028/?utm_medium=SEM&utm_source=45729&utm_content=0&utm_serial=UK_HF_Desk_Blogpost_Stocks_Cyber_03-10-21_Taboola_AFFID_45729&utm_campaign=UK_HF_Desk_Blogpost_Stocks_Cyber_03-10-21_Taboola_AFFID_45729&utm_term=https://api.taboola.com/2.0/json/msn-anaheim-uk/recommendations.notify-click&utm_source=taboola&utm_medium=referral&tblci=GiATnfuLXMzUuVzpRW9CEdJM2ldABYGQDTtOQSBkYD1dHSCY_Ego-Pnx-OjtiLl7#tblciGiATnfuLXMzUuVzpRW9CEdJM2ldABYGQDTtOQSBkYD1dHSCY_Ego-Pnx-OjtiLl7

Covgilbs, same as JayneC. When I started out I was terrified of losing my stake so stuck with FTSE100. Meaning if I bought at a bad time, the divvy would be my income and lessen any damage from major issues like the 2008 crash/Covid etc. Once I got my wings, I then allocated a small amount to scarier FTSE250/AIM stocks. Made a lot of losses and a couple of wins in that area but got better and better as I got experience.
So much more fun than savings and lets face it no Bank has its money in a savings account does it! Really annoys me that shareholders are always vilified as "Greedy". Whilst that's true of senior management in many companies with options, what they fail to realise, is that most everybody is a shareholder through their pensions as most of us do not have luxurious gold plated final salary ones.

Were they using Darktrace or are they now a prospect as a result of their prolonged outage?
If I was in sales and they're not already a customer, I'd be straight on the phone. If they are then, hmmmmmmmmm

Thanks, where did that data originate from?

Sadly my average is around £25.50 and I've been holding since 2018 only to then suffer the dividend massacre last year. So, I can't wait to get back to £25 to reduce my position as being greedy and chasing original high yield, I also am very overweight in Shell. So it's not been a great ride so far but as they say, your mistakes are a valuable lesson worth their weight in gold!
We shall see and right now, I'm concerned what the Cunning Offloading of Profit conference will do to the SP next week. Frankly I'm terrified about the hysterical pace Gov is committing us all too in an effort to achieve Woke goals which will never cease in the race to drive the UK to the bottom of economic pile. In compensation we become World leaders in Green technologies ................... yeah right, lets just see the real powerhouses US/China/India really get behind that huh.

If he clobbers them in the review next week, might that badly hurt LGEN?
A major benefit currently being you can leave your SIPP tax free to the kids, won't people find alternatives leaving less on the table? Typically, Gov and Civil service would find this attractive as they all have final salary pensions. I don't know if their pensions are affected by the cap either so it seems like one way traffic to me.