Member Info for Slownsteady

Quack quack....

Don't be hard on the "ducka-millionaire" Falky... he's having a lie in after his night shift.

Gazzle... woof woof squeak.... you're being unfair to the Yanks. Lots of people have a special relationship with their pet dog.

chips, since the very short term for our shares are going to be affected by the Ukraine business (I don't see it having a medium, let alone a long term) impact.. no hharm in discussing it.
For what it's worth - I hope I'm not wrong - I think it'll all blow over. Ukraine will be off the NATO/EU list, and hopefully the Western countries will exit with as much dignity as possible. The Ukrainians won't be happy, but tough.

I should of said... the non Russian Ukrainians hate the Russians.
The almost totally ethnic Russian Crimea went very willingly (through a valid Referendum) back to Russia. You've all been fed with constant nonsense about Putin "annexing the Crimea". B0llocks.
Let me just say I have no personal axe to grind on behalf of Russia or the Russians. They're basically thugs. But so are the Ukranians, Belarussians, Georgians, Moldovans, all the "Stans" south of Russia, and (closer to home) Albanians.

Well Brillo... Chernobyl is in Ukraine. I've been in Ukraine several times over several years.
Kiev... the Oblast next to Chernobyl, south of the Polish border, another one to the south of Kiev I can't recall, Odessa, Crimea and the Eastern (ethnic Russian) Oblasts.
So can comment on the situation better than most. Like the other former Soviet Bloc countries, they HATE the russians. They're playing the West like a violin.

Lol oh Ok. They were a copy and paste of the Sunday Times article, as others may not have full access to it.

Ok in short, 53.96 is the closing price.
If you look in the 'Lloy share trades' icon above, there is (one) UT - Uncrossing Trade. This is the Stock Exchange trading system's calculation (I won't confuse you with the mechanics of it all) of what the closing price is, on every share, at the end of each trading day.

53.96 is the UT price.

Hello Theosus, I'm afraid the Pippa reference shot over my head undisturbed... :-)
Could you explain it to me?

But he inherits the plan at a time when the big American banks are boosting bonuses and spending on technology. His rival and former boss at JP Morgan, Jamie Dimon, has said he is putting $12 billion (£9 billion) this year into boosting its tech, while Venkat could also face a backlash over bonuses. The consensus in the City is for the bank to report £8.1 billion of profits — its highest in recent memory, though there have been changes to accounting rules — which could imply bonus payments of £2 billion.

Alastair Ryan at Bank of America said Barclays would want to invest in new areas but also in the traditional fields of mortgages and credit cards. “Do shareholders love it when a low-value bank wants to put capital to work instead of returning it? There is tension there,” said Ryan.

Charlie Nunn is planning strategic changes at Lloyds
Charlie Nunn is planning strategic changes at Lloyds
• The presentation of Lloyds’ financial results are likely to be the sideshow — even though the City is expecting record profits of £7.2 billion. The real focus will be on Charlie Nunn, the new chief executive, and his strategic review — the big plan for the bank’s future under his reign. Investors want to know what are the growth opportunities for a bank which, since exiting its international markets after being bailed out by the taxpayer in the global financial crisis, is entirely focused on the UK. It is Britain’s biggest lending and savings bank as a result of its ownership of Halifax and has started to look for opportunities in other areas. As part of its expansion into wealth management, it has bought the IFA platform Embark, adding to its tie-ups with Schroders and Cazenove Capital. It has even mulled a move into owning buy-to-rent homes. Other potential avenues for growth could include insurance. Bank of America analysts described its focus on the UK as anachronistic when it could work with corporate clients in continential Europe and the US. Analysts at Barclays expect “evolution rather than revolution” from Nunn. He will disappoint the market if he does not unveil a share buyback, perhaps of between £1 billion and £1.3 billion.

• Bailed out NatWest will provide the clearest illustration of the reversal in fortunes in the sector, swinging from a £351 million loss a year ago to a profit of £4 billion. But Alison Rose has also promised to cut costs at the bank by 4 per cent a year. This could prove a tough task given the impact of soaraway inflation on the costs of doing business and hiring staff. In her favour, though, are expectations that she has most to benefit from the rise in Bank of England interest rates. Lloyds is the most UK-focused of the big banks, so is keenly linked to events at Threadneedle Street. It also has surplus capital on which it will be paid a higher rate of interest. Berenberg analysts now expect £2 billion of share buybacks annually — up from £1.6 billion last year. This has implications for the taxpayer’s stake in the bank which has fallen from 79 per cent to 52 per cent over recent years as the Treasury sold its shares. Alastair Ryan, analyst at Bank of America, said the state’s stake would fall below 50 per cent this year. “NatWest is privatising itself,” he said.

Noel Quinn is under scrutiny over the bank’s connections to Hong Kong and the political changes in the territory
Noel Quinn is under scrutiny over the bank’s connections to Hong Kong and the political changes in the territory
• Not only does he run Britain’s biggest bank, but also one of the biggest in the world. Even with a retrenchment process undertaken by previous management teams, Noel Quinn, oversees HSBC’s operations in 64 countries. Only 20 per cent of its profits are generated in the UK and Europe with Asia generating more than half. Its long-standing connections in Hong Kong, and the political changes last year, mean that Quinn constantly faces questions about China’s new security law. As Covid restrictions ease elsewhere, HSBC’s fortunes should improve because of its global role in facilitating trade and the benefit it should reap from rising interest rates — not just in Britain, but also America. Last year, Quinn had to scale back his targets for return on tangible equity — a key performance indicator for shareholders because of the low interest rate environment. The profits should get a boost this year to $19.2 billion, says Gary Greenwood, analyst at Shore Capital, up from $8.8 billion a year ago. Greenwood said that while investors had been concerned about Hong Kong last year, the prospect of rate rises was a source of optimism for shareholders.

CS Venkatakrishnan took over from Jes Staley at Barclays in November
CS Venkatakrishnan took over from Jes Staley at Barclays in November
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When Jes Staley quit Barclays to fight an inquiry into whether he misled the bank over his links with Jeffrey Epstein, CS Venkatakrishnan — known as Venkat — stepped up. He intends to stick to his predecessor’s strategy of retaining an investment bank straddling Britain and America, and a big high street operation in Britain.

NatWest, Lloyds, Barclays and HSBC brace for blowback as profits hit £34 billion
UK bankers will join their Wall Street peers with hefty bonuses
What a difference a year makes. Twelve months ago, the high street lenders were grappling with an order from the Bank of England to get ready for negative interest rates. Their businesses were laden with multibillion-pound provisions for loans expected not to be repaid as Covid ravaged the economy.

However, as the “big four” of Lloyds Banking Group, NatWest, Barclays and HSBC prepare to publish their results for 2021 in the coming days, they face the opposite scenario: rates are rising and worries about bad debts — at least for now — have abated.

City analysts are expecting the big four to report total profits of £34 billion. In the case of Lloyds and Barclays, it will be their highest earnings for decades. Bumper bonuses are back - and likely to cause controversy at a time when many in the country are feeling the pinch from inflation.

Banks’ bosses and shareholders can now look forward to bigger profits ahead, too, as higher rates allow them to make more on the difference between what they pay savers for their deposits, and what they charge on loans.

After being blocked from paying dividends by the Bank of England in the early stages of the pandemic, they will start pushing out payments to investors.

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However, banks also face a new battle with inflation that could impede their ability to cut costs, as everything from wages to the price of paper starts to rise.

“Consensus has moved up on the cost line, but the focus will be on the outlook commentary as well as the updated interest rate sensitivities,” said John Cronin, analyst at the stockbroker Goodbody.

STB.BANK_STATS.13.02.22.R
At NatWest, Alison Rose will face questions about meeting her cost-cutting goals. She was the only bank boss permanently in post before the pandemic began.

Noel Quinn had been the stand-in boss at HSBC and was confirmed in the position just as Covid-19 struck. How will he steer the Asia-focused HSBC through the zero-Covid approach being followed by Hong Kong?

At Barclays, C S Venkatakrishnan was catapulted into the chief executive’s seat in November when Jes Staley resigned to fight the conclusions of a regulatory report into what he told the bank about his relationship with the late disgraced financier Jeffrey Epstein. Will he keep the strategy of his predecessor ?

But for Charlie Nunn at Lloyds Banking Group, who was hired from HSBC to replace António Horta-Osório, the key question is to what extent will he tear up the plans laid by his predecessor?

What to expect from the bosses
Alison Rose promised to cut costs at NatWest by 4 per cent a year
Alison Rose promised to cut costs at NatWest by 4 per cent a year
DOMINIC LIPINSKI/PA
• Bailed out NatWest will provide the clearest illustration of the reversal in fortunes in the sector, swinging from a £351 million loss a year

Gazzle, fishface... cluckcluck... squwaaaakkk...

Lol.. British troops running out of Ukraine with their tails between their legs as fast as their little paws can carry them.
I wonder how many Billions that little bit of chest puffing cost us?

Machiismo.. you hate to wade into man- squabbles? I thought that was the extent of your comments on this Board?

Oh OK Falky, not fuking aware. I thought it was one of those things Bank traders said in their messages....

macho.. AIMVHO... DYOT

Falky, why the Fuk do you, and others, keep saying self-importantly "ALL IMHO-DYOR".
As though there is a special weightage to your opinion? Everyone's opinion here is "ITHO" and is not to be followed blindly without "DOOR"

Not unless it's got a tattooe and fake Rolex on it, he isn't...