Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Never heard of him, another piece of useless information, but relevent to Lloyds (same as my previous post).
Suresh Balaji, former Chief Marketing Officer (CMO) for HSBC’s Asia-Pacific region and Global Head of Marketing and Communications at Standard Chartered (OTC:SCBFF) Bank, will assume the role of CMO at Lloyds Banking Group (LON:LLOY) from Monday. This move comes after Balaji relocated from Hong Kong to the UK.
Balaji will oversee the group-wide Brand, Marketing, and Experience function at Lloyds, a banking group with an adjusted market capitalization of $33,191.27M USD according to InvestingPro data. His responsibilities will include managing the Group's brand portfolio, strategizing marketing initiatives, fostering creativity, and tailoring customer experiences to enhance business growth. These tasks will be crucial in sustaining the revenue growth of Lloyds, which has accelerated to 14.99% as per the latest Investing Pro metrics.
Yesterday on BBC Radio Lincolnshire, the Labour leader claimed that Labour’s parliamentary candidate Hamish Falconer had secured a £300 million investment for the redevelopment of RAF Scampton, intended for the construction of homes, restaurants, and bars. Starmer claimed Falconer had “negotiated” the private investment himself. In reality, the £300 million was actually secured by the then Conservative-led West Lindsey District Council…
He was quickly rebuffed by the presenter:
“Hang on, no he hasn’t. No, let’s correct that straightaway. The £300 million was already on the table. It was actually secured by the then Conservative West Lindsey District Council, they came to that arrangement that was announced months ago. So it’s not your candidate that secured that.”
This from the man who wants to ‘restore trust in politics’…and the idiots here think they've got a unique honest politician and believe his every word.
Naive comes to mind.
Metro Bank, a challenger in the UK retail banking sector, is facing an uphill battle against established players such as Barclays (LON:BARC), Lloyds Banking Group (LON:LLOY), HSBC (LON:HSBA), and NatWest (LON:NWG). Despite regulatory backing and lobbying for more lenient risk-weighted asset calculation models, gaining market share has proven to be a slow and costly process for these emerging banks.
On Friday, it was reported that Metro Bank recently raised £325 million ($444 million) in emergency capital following a drop in share value due to delayed regulatory approval for its internal credit model. This comes alongside a significant debt refinancing effort of £600 million ($820 million). The bank's business model, which includes operating high-cost branches for extended hours and maintaining a 90% cost-to-income ratio, has been criticized when compared to rival challenger OneSavings Bank.
I just wonder, where are the Lloyds moaners who jumped ship here to join the Metro gravy train?
; BoE survey.
LONDON (Reuters) - British lenders expect to curb the availability of mortgages in the next three months, a Bank of England survey showed on Thursday. The BoE's quarterly Credit Conditions Survey also showed lenders thought defaults on secured loans and on credit cards and other loans would increase.
Lloyds is well covered.
Yesterday's rise?
"Sentiment got a boost after a China's sovereign wealth fund Central Huijin Investment bought shares in some of the country's largest banks."
They sure didn't buy any Metro shares. Just saying.
Re: Starmer's Glitter-Bomb.
His name is Yaz Ashmawi, according to his Instagram profile, he’s responsible for their “UK strategy”. He's a member of “People Demand Democracy”, which is another 'Just Stop Oil' splinter group.
Another of the many workshy prats we are carrying.
..... ending on 20 September 2023 after the last meeting.
The international economy
UK-weighted global GDP was estimated to have increased by 0.5% in 2023 Q2, broadly in line with the August Monetary Policy Report projection. Global GDP growth of 0.3% was expected for Q3, also in line with the August Report, but with some differences across regions.
Euro-area GDP had increased by 0.1% in 2023 Q2 but was expected to contract in Q3, weaker than expected in the August Report. Manufacturing and services output PMIs had both entered contractionary territory, with weakness in German manufacturing output particularly pronounced.
In the United States, GDP had increased by 0.5% in 2023 Q2, and growth was expected to increase further in Q3, stronger than projected in the August Report for both quarters. In contrast to developments in the euro area, the manufacturing output PMI had stopped contracting and the services output PMI had remained in expansionary territory.
The Committee discussed some possible factors behind the recent relative strength of US activity. Real incomes had increased more strongly in the United States, uplifted partly by significant fiscal policy actions during the pandemic and a smaller deterioration in the terms of trade, whereas government support in Europe had abated as energy prices had fallen back. US households had also appeared relatively more willing to spend any excess savings, possibly due to higher consumer confidence.
Growth appeared to have slowed in China, with the NBS manufacturing PMI having remained below the neutral 50 level since April. Consumption and industrial production growth were similarly weak, alongside softer investment and falling exports. There had been notable headwinds from the property sector, with property prices falling and a major developer narrowly avoiding technical default. Taken together, these indicators pointed to Chinese growth slowing further in 2023 Q3, weaker than had been expected in the August Report.
Footnote: there was a brief discussion about the doomsters and the doubters that appear regularly on chat boards. The committee concluded that there was no evidence for their ravings. Especially from such dubious sources as the IMF and particularly the BBC. 😋
All elections have lies and exaggerations – but Remainers were the worst offenders.
Dodgy forecasts were dressed up as impartial advice and sent to every household.
Pity if you fell for it, I didn't.
Main event at the Liverpudlian pantomime today is the star of the show, the clown in chief, no other than Sir Keir Starmer. Assisted by his fellow flip flopping underlings who will be cheering and clapping his every word.
Expect more of the same bluster, with the usual labour soundbites……we're the party of business, financial responsibility, party of sound money, get Britain building, more police, more nurses, more doctors…blah blah blah.
Do they still sing the red flag?
"Not least the failed Labour leader Neil Kinnock who has been banging the drum for closer relations with the EU this weekend by offering his support to a Labour Movement For Europe motion that would “make rebuilding our relationship with our European neighbours a priority for our first term”
Lord and Lady Kinnock receive EU pensions worth over £7 million from their experience as MEPs and European Commisioner. Pensions don’t feature on the Lords’ Register of Interests. Just a reminder that politicians follow the gravy train." Some things never change.
"no doubt this will have a knock on effect in the US &UK"....
No mention of Europe then, they must be immune from it all. Methinks Germany has suffered more than any other country.
I was going to say nation, but the EU don't like that terminology.
"just look what the Tories have don to decimate our finances!"
I'm guessing you'll hold them responsible for the finances of the western world then WW. Don't mention the €806.9 billion EU recovery fund.
Btw, I don't recall anyone complaining for the two years that they didn't work and received a salary, did you? Furlough was an unknown word back then.
You just gotta laugh at Gazzleberrys contribution here. 🤣 With Scotland's debts, what a Muppet. 🤣🤣🤣
At 11:20 this morning Angela Rayner will kick off the comedy sketch show that is being billed as the labour party conference. Word is she wants to make misogyny an offence, and there was me thinking, as all Tories are scum, surely that includes the female members.
As a prelude to this farce, Keir Starmer has announced a £1.5 billion plan to coerce NHS staff to work overtime to clear the backlog of procedures.
Where the £1.5 billion is coming from is anyone's guess, but what's more worrying is just how are they going to get the staff who are protesting outside the hospital's to down their strike placards and go inside and get to work. If they're given a 35% rise, good luck with that one.
More comedy gold will follow in the next few days.
"Well, had Lloyds simply kept the bought back shares in Treasury rather than cancelling them then those shares could have been used to buy out Metro shareholders almost on a one for one basis."
I guess you're used to that awkward moment Gazzleberry, when a zombie is looking for brains and walks right by you. DOH!!!