focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The eurozone economy is growing half as fast as the UK as Britain bounced back stronger from recession.
GDP across the eurozone grew by 0.3pc in the first quarter of the year, according to figures from Eurostat.
It means that while its recession is over, growth is still half the 0.6pc recorded in the UK during the same period, a rate described as “gangbusters” by officials.
The robust UK economic conditions, certainly leading this part of the world, say no more.
Proactive Investors - Lower wholesale gas prices have taken a toll on the share price of British Gas owner Centrica (LON:CNA), but Barclays (LON:BARC) is predicting a revival even if it has cut its target.
Centrica has been one of the SX6P's [utility sector] poorer performers year-to-date notes the bank but a gas price recovery, EPS resilience, clarity on investments and buyback extension all point to that changing, says the bank.
"We see the potential for a share price recovery based on the following four themes: Gas prices are back to the levels at the start of the year, a modest current ex-cash earnings rating of 4.3 times and the prospect of a further buyback extension".
Earnings forecasts for 2024 and 2024 have been lowered along with the share price target to 190p (205p), but Barclays adds that represents 40% upside potential on the current market price.
'Overweight' is the investment rating.
Shares rose 3.3% to 144p.
This must be good for 170p plus again, minimum.
STP
“when you realise that I have a much wider portfolio of shares than you hold.”
You have no idea how many investments, sectors and companies I hold. But when you post here that you “have a few miners” it just smacks of 🐂💩.
So when your reply didn't, or more likely couldn't expand on “a few” that too smacks of 🐂💩.
You could have said… I prefer not to say, but instead boasted about “a much wider portfolio of shares,” we can all smell more 🐂💩.
I'm sure some contributors on this BB are genuine and therefore believable but nobody will believe you no matter what you post.
Proactive Investors - Britain should stop taxing people for trading shares if it wants to help reignite its stock market, the chief executive of Sky Bet owner Flutter Entertainment PLC (LON:FLTRF) said.
Peter Jackson, the CEO of Flutter, argued the removal of the 0.5% stamp duty tethered on when buying shares could help the LSE grow, having recently faced an exodus of companies either being taken private or moving countries.
Flutter itself is one of the departing companies, with its shareholders having voted to move its primary listing to the US, citing the success of its Stateside sportsbook FanDuel and improved valuations as the reasons.
“There’s a simple change which the Government could make which will be to abolish stamp duty on share trading, which I think would have a big impact on the volume of shares that are traded,” Jackson argued.
Countries like Germany, Australia and the US don’t charge investors stamp duty to buy stocks and both Spain and France only charge fees for companies worth more than €1 billion.
“however there's a possibility the ECB may cut 6th June”
88
On may the 8th ECB’s Dr Joachim Nagel wrote about reducing interest rates while inflation is still a threat, adding we should not allow this risk to materialise.
Then on May the 9th we have Pierre Wunsch (ECB) saying it's possible to reduce rates even with some uncertainty about the inflation trajectory.
14rh May we have ECB insider David Warwick saying even a very poor inflation reading this month would not necessary derail a rate cut.
They all just like to jump on the banner making headlines. It's the same every time the rate adjustment date approaches.
It's not that it's a matter of life and death, but they all seem to treat it like it is.
https://www.econostream-media.com/
Another day, another example of the UK thriving outside of the EU. Real wages have grown at a faster pace in the last year than they have in the last 16 years.
Despite moans from the Labour party of the Tories “crashing the economy“, workers’ wallets have actually grown by about 2% in the year to February, after adjusting for inflation.
More good news that Remoaners and the left won’t like to hear.
STP. How are you expected to know what's happening in the UK? You need to judge for yourself, you won't learn too much reading the expat times and the online guardian.
Simones, just to enlighten you about something you can't and never will understand.
If you've been posting on here periodically since 2010 chances are you'll amass a substantial amount of posts against your name. In my case that's 6,751.
I say something you can't and never will understand because if you keep changing your username here you'll start with zero posts again.
And now replying to your drivel I now have 6,752 posts. You see how easy it is when things are explained to you…… D'OH.
I say have a nice day because it's nice to be nice, again something you can't understand.
“Puzzled that we are still in it and paying our subs, as we were going to leave anything European.”
Who's the ‘we’ in that last sentence STP? Why do you continually speak for us?
Us, meaning the UK population that actually resides here, unlike you, posting continuously, mostly drivel from some distant EU province.
Are you bored over there? What does your wife/partner say to you about spending time on this BB?
Or back to my first point, are you bored and on your own?
I think the latter. You make a good pair, you and Simones especially with your multiple usernames.
Have a nice day.
Usual response from Rachel Reeve's.
“After 14 years of economic chaos, working people are still worse off,”
Does she not remember the absolute chaos the last labour government left us in, the worst financial crisis in UK history.
Took years to get back to normality. Then thankfully we ditched the Lib Dems and had Brexit.
Did anyone notice this very slight downturn, just a blip which made a lot of noise for the media and opposition.
Tzap.
Abbott lost the whip over a year ago pending an investigation about a 126 word document that she posted.
Dynamic labour, how long does an internal investigation take about a comment made by one of their MP’s.
Another labour thicko being suppressed from speaking her usual garbage.
And she was going to be labour's foreign secretary. I despair.
Lloyds Banking Group PLC (LSE:LLOY) and other high street lenders have begun debanking hundreds of defence companies as they become more strict on their internal ethics policies, sparking fears that the UK's national security may be at risk.
Santander and Lloyds were named as lenders which closed the accounts of around 300 "public administration and defence" companies throughout last year, reports from the Telegraph revealed on Wednesday.
https://www.proactiveinvestors.co.uk/companies/news/1047074/lloyds-and-high-street-lenders-debank-hundreds-of-defence-companies-1047074.html
Haven't seen too many complaining on here lately
Assuming all the 50p whingers have sold up and left, doubt that somehow.
Anyway it's about time the doom mongers start emerging again.
Here's one, this post could have been made for Daft Trader as he's gone quiet.
Apart from ‘sell in May’ and all that. True to form,we have this….
WARNING: Stock Market is due for 50% correction taking S&P below 2674.
Tens of millions of households will have their retirement & savings destroyed by being invested in stock market at these levels?
The yield curve has been inverted for +500 days. This has only happened 3 times since 1920; • 1929 • 1974 • 2009.
(Grant Cardone, May 2024).
yes, well done to labour.
after the constant daily rollout of shadow ministers and various underling's spouting the same ol' same ol' rhetoric about ‘14 years’ and announcement of new ideas, they've managed to appease and confuse enough of the uneducated, the feckless and the just plain dumb to give them their vote. they didn't even notice that when these ideas (well they're not policy's are they?) were questioned, they had to be quietly withdrawn because they were unattainable.
none of this will matter to most of them because they know that they won't have to pay for the inevitable failure of this or any socialist government. mainly because they will be unemployed, on long-term benefits, or have made enough being in the ‘pay’ of their masters.
that's the ever expanding government machine that has been created by successions of labour governments to assist in the hairbrain ideology of the left.
as to the local elections-conclusion. luckily for the ever dwindling people who actually do a day's work and try to pay their way. when the election date is announced the so-called unassailable lead labour is enjoying will shrink considerably. as shown by these results their perceived majority will disappear and the populace will gain some comfort that a hung parliament will result. at least it might put a halt to some of their costly socialist schemes, but don't hold your breath.
sadly they've either brainwashed enough people or they're too young to know the inevitable failure of socialism that the result, will probably be a change of government. i say sadly, because the decent working element who have paid their way and managed to save a few bob will bear the brunt of starmer and his cohorts failures.
as stp has mentioned in the past, this post will be too long for him as his attention span is somewhat limited. either that or he comes under the aforementioned
‘uneducated, feckless and the just plain dumb.’
not to mention the bile being exhorted by the likes of mick-b and various others. he was quoting wes streeting, who tweeted about '******s, white supremacists and islamophobes’ with some of his own bitterness added. which sadly shows the real underbelly of what labour stands for and the direction they would take this country.
enjoy your bank holiday weekend all.