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It should be 5-10p off income tax. And a raising of the starting thresholds by +5%. People are tired of overpaying tax, and then watching it get swallowed up by the bottomless pit of comrades who run the state apparatus.
Actually, London (2nd) just closed the gap on New York (1st) in the latest Global Financial Centre Index (GFCI) by a huge +10 points at the end of 2023. London's banking, insurance, law and forex are in good shape. The City of London is NOT declining. It remains as strong as ever.
But the London Stock Exchange (LSE) -- where shares are listed and traded -- is in a mess. That is the part that the LSE and UK govt need to fix. Nobody worldwide wants to list their firm in London, because the locals talk them down or sell them off on the cheap. Just ask ARM...
That post proves my point to a tee... We Brits just don't have the culture for stockmarket *optimism* -- which is the fuel that drives shareprices higher. Instead, we prefer misery, pessimism, fear and hysteria, panicking wildly about PE ratios. The US market is way more focused on the forward-looking, longterm, tech potential, and will drive stocks higher to help firms achieve their goals of funding, awareness, and excitement. While New York builds trillion-dollar stocks (like Facebook), London wallows in misery and decline.
Price ticking up on the Ask here. May see some more movement in the share price.
Doubt the UK stockmarket will ever recover. There's just too much pessimism, self-loathing and misery now in the UK. Small, medium and large companies are being sold off abroad en-masse and on the cheap. Tech firms throw in the towel at the absolute earliest opportunity. Stock exchanges are being hollowed out. Liquidity has evaporated. A study last week showed the UK to be the 2nd most-miserable nation on all of planet Earth. We just don't have the culture anymore to talk up stocks or run a buoyant market.
There are very few AI stocks listed in London. This could get some serious attention.
CBX has been re-listed as CEL AI, with the ticker CLAI.
It is pivoting into wellness and beauty AI.
Interesting to note that 50% of all UK bets by volume today are being placed on a "Conservative majority" for the 2024 UK nationwide election. With 30% being placed on a "hung parliament". Only 20% on Labour...
How many fundraises and dilutions has this company had since the 1990s?... ;-)
It ain't rocket science. The FCA love to punish. Just ask Amigo Loans! They're like a dog with a bone -- and they won't let it go. The car-loan scandal is going to drag on for years, and cost the industry billions (not millions).
The latest YouGov poll-tracker of roughly 1000-5000 UK adults in Feb 2024 shows the top-five "most important issues facing the country" right now are...
1. Economy (51%)
2. NHS (46%)
3. Immigration (38%)
4. Defence (23%)
5. Environment (22%)
If Rishi can cut big taxes, throw more cash in the bottomless NHS pit, and get some token flights off to Rwanda, he still stands a fairly good chance of beating Labour.
Looking at the betting markets today, only a marginal 55% of bets by volume are being placed on Labour (vs. Conservatives). Labour's "lead" is much smaller than people realize.
Banks and car dealers in the 2000s, 2010s and early 2020s were often charging interest rates in the 5-15% range... at a time when a normal unsecured personal loan was running around the 2-10% level... That is why the FCA is investigating.
The EU goaded Ukraine to join the EU, in direct breach of international law! The EU is as guilty as the US and UK of starting the war in Ukraine.
Under Trump, no new wars started. Under Biden, wars are popping up worldwide like mushrooms. Biden has lost control of the world. Trump has the power and reputation to stop those wars and bring stability back to the world.
UK is no.2 in NATO and still a major world power. One of only 4-5 countries on the planet still with global warfare and cyber capabilities.
Lol.
Lot of denial on this forum...
LLOY is down -11% YTD, -17% YoY, -30% in 5 years, -50% in 10 years. It never goes up! And the headwinds keep on coming. Car loans, windfall tax, recession fever, Iran, US regs. There seems no end to bad news.