focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The Bank of England’s reliance on “inadequate” forecasting models and a lack of intellectual diversity within its most senior ranks contributed to inflation sticking at among the highest levels in decades, a Lords report has found. In a report critical of Threadneedle Street, the powerful Lords economic affairs committee said the central bank had made “errors” in its handling of the inflation shock triggered after the Covid pandemic and Russia’s invasion of Ukraine. – Guardian
If you think the 700k+ are coming here in small boats, l despair. That's what labour would have you believe.
People forget, over 200k from Ukraine, 150k+ from Hong Kong, 150k to fill uni places plus their hangers on. And legitimate foreign workers and asylum seekers.
Just a thought.
If we were being invaded by the Russians, you would be glad to reach the shores of Europe….. wouldn't you? Blimey choices lol.
Mick-b
Eurozone banks.
Taxes to increase
Fiscal drag
You're flogging a dead horse trying to get the last word 😴
Even your Nexit comment is about proportional representation.
Full marks for trying but it's a classic socialist trait to have the last word, even when, as usual it's complete bol locks.
Eurozone banks starting to show ‘stress’ as loan defaults rise, ECB warns.
The balance sheets of eurozone banks are showing “early signs of stress” after a rise in loan defaults and late payments by customers, the European Central Bank has warned.
Higher interest rates have boosted banks’ income and profits for the time being, the ECB said, but lenders are facing pressures from higher funding costs, worsening asset quality and lower lending volumes.
The central bank also warned in its twice-yearly financial stability review that higher interest rates and slower growth were posing problems for people, companies and governments in the euro area.
https://amp.theguardian.com/business/2023/nov/22/eurozone-banks-starting-to-show-stress-as-loan-defaults-rise-ecb-warns
STP
If you haven't got the stomach to read the comment here it is in your language.
“we have begun to draw lessons of Brexit”.
“Called for national protections from EU law to grapple with “out of control” immigration.”
“French people to decide” on these issues.”
“He blamed the European Court of Justice for policies that limit states’ freedom.”
“Claiming current policies have been written in favour of migrants.”
Quotes from Michel Barnier, assume you heard of him.
Have a nice day.
Total ISA allowance for 2016/17 tax year was £15,240. Increased to £20k, that was a 31%+ increase. Cost of living calculated, £15240 in 2017 is now worth £19,463.33in.
Still under today's £20k limit.
Multiple ISA accounts used in the same year has been widely published in the run up to today's statement.
It was a personal defeat for Prime Minister Harold Wilson. But he went on radio and television to reassure consumers that devaluation "does not mean, of course, that the pound here in Britain, in your pocket or purse, or in your bank, has been devalued".
"That broadcast will long be remembered as the most dishonest statement ever made”
The same Dumbo's believed Wilson; they thought it was a different pound that is used to import food and other things from abroad.
I despair!
The difference here is, protecting the populace from the ravages of an unknown virus and speculating the UK monetary/gold reserves on, of all things the Euro.
Labour is the party of financial responsibility……yeah right.
The tragedy is, this BB is peppered with Dumbo's that would support them.
Brain's the size of a split pea, you'll learn.
Re; inheritance tax.
Lti, I agree, the consensus is that if they change It they won't scrap it, just change the start value.
One thing, it can be avoided albeit on many occasions not easily.
Is rumoured to include significant changes to Individual Savings Accounts (ISAs) and possibly inheritance tax.
Reports suggest that Chancellor Jeremy Hint may allow multiple ISAs of the same type to be opened in a single tax year, a shift from the current rule that limits individuals to different types of ISA accounts annually.
Also on the rumour mill are changes to inheritance tax and a plan to tackle stealth taxes such as the insurance premium tax.
The progressive dividend has been announced with much fanfare and restarted twice within in the last 5 years.
Providing Nunn doesn't move on to pastures new, it may or may not be safe. If profits continue at their present levels then yes the policy is for the dividend to increase annually. As Nunn has only been at Lloyds since August 2021 there is a good chance the progressive dividend will continue. Of course a new CEO may have a different policy and restart the program all over again. Anyone know how long Nunn's contract is set to run?
“SNP publishes fantasy paper on an independent Scotland in the EU”
With more hilarity and dreaming from the SNP still no word on here from the chuckle brothers.
But plenty of opinions on most other events.
“The SNP have released a paper detailing what their fantasy independent Scotland would look like and grovelling to the EU about the benefits of rejoining. The 81-pager mainly drones on about what Scotland could bring to the bloc if it was allowed to join. The SNP claims Scotland’s “vibrant culture” and alignment with the EU’s “values” make them ideal candidates. The European Commission must be desperate to bring Glaswegian culture to the continent…
What else do they have to offer?
Any comments from the previous vocal Gazzleberry and his SNP brothers appreciated…... thought not.
Reasons for the so-called decline of the LSE when equities are no longer the stock in trade.
Extracts from the FT…
These days, the group that owns the 300-year-old exchange makes under 4 per cent of its revenues from listing and trading cash equities, a figure dwarfed by the data and analytics businesses it has acquired and developed since 2017, which now account for about two-thirds of its revenues.
Black cabs driving around London carry adverts showing the company’s logo alongside pictures of the Eiffel Tower and the Statue of Liberty. The video cites the 190 countries in which it operates. The rebranding is clearly intended to show that the London Stock Exchange Group is no longer particularly about London — or about trading stocks.
These days, the group that owns the 300-year-old exchange makes under 4 per cent of its revenues from listing and trading cash equities, a figure dwarfed by the data and analytics businesses it has acquired and developed since 2017, which now account for about two-thirds of its revenues.
“This is no longer a capital markets business in the same way that a Euronext or even a Deutsche Börse is,” says Tom Mills, analyst at Jefferies. “It’s significantly more skewed towards data.”
The $27bn acquisition of Refinitiv in 2019 in particular transformed it into one of the world’s biggest financial data groups. LSEG hopes that deal will entrench it in the plumbing that underpins global capital markets. A new partnership with Microsoft to develop a desktop analytics terminal to potentially rival Bloomberg shows LSEG managers are doubling down on this strategy.
The company has gone further than many of its rivals, but across the world stock exchanges are moving away from their traditional businesses and into areas including data, digital assets and mortgages. They believe such businesses will be more lucrative than the traditional work of listing and trading companies’ shares, and that investors will be prepared to value them more highly.
"only the stupid and gullible could be taken in. The adverts are along the lines of invest £250 and make £13,000 in a month"
Hamza Useless needs to take a punt here; it's his only chance of keeping the SNP running out of money. With falling membership and ever reducing donations they are doomed. Not only that, he, along with most of his followers certainly fit the criteria 'stupid and gullible.'
A lot of discontent is showing here with the Lloyds SP. Judging by the comments, taking their frustrations out on a share BB, it's looking like some of these are not cut out to be in this investment lark.
You see a tirade of abuse aimed at the performance and then a "can't wait for 60p" (that's another 40% wow) so I can sell up.
Why wait for a certain price before exiting? If LBG is that dire then surely you'd be better off somewhere else.
Is it beneath these people to admit they got it wrong, waited for an upturn and now can't bring themselves to sell at a loss? Obviously not suited to investing your own money, best let someone else do it or lose it for you, then you can rant at them.
Just saying.