Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
"Top venture capital firms have thrown their weight behind a move to channel pension cash into start-ups today as the government accelerates its efforts to get more retirement money flowing into the economy."
Good luck with that one, MPs aren't investing, as reported yesterday in the FT
"MPs’ pension fund shuns UK equities"
Usual murmurings from the so-called experts…
PoundSterlingLIVE - One of the UK's most accurate economic forecasters says UK house prices look set to experience a strong rebound in 2024 as a result of falling mortgage costs and improved household balance sheets.
But, Samuel Tombs, Chief UK Economist at Pantheon Macroeconomics, says house prices will fall further from existing levels over the next six months amidst elevated interest rates.
Tombs has on various occasions been rated the top UK forecaster by Refinitiv, Bloomberg and the Sunday Times.
"We still think house prices will drop by 6% peak-to-trough, with the nadir coming in March," he says.
UK house prices actually rose in August, said the ONS, and Pantheon Macroeconomics says this confirms an ongoing resilience in the housing market, but a hit to affordability from rising interest rates has been too significant for prices not to fall materially from here.
The buyers jumping on the housing ladder at all costs these last year's, pushing prices to levels unseen before are the same people who are moaning the loudest about interest rates.
Average rates over the last 42 years are 7.11%. At 5.25% the cry goes up.
It's not fair, 😢 how did we survive?
Here's the official figures for civil servants WFH.
https://www.gov.uk/government/publications/civil-service-headquarters-occupancy-data/civil-service-headquarters-occupancy-data-for-may-2023
"We are in recession and no amount of sticking plaster and whitewash will fix that."
He's talking about Scotland livestock, and he's correct that "no amount of sticking plaster and whitewash will fix" what the SNP have achieved for the masses up there.
No prizes for guessing why Daft Trader is so active today. You don't have to look at prices anymore just count the number of DT's posts.
LONDON (Reuters) - Britain recorded a smaller-than-expected budget deficit of 14.347 billion pounds ($17.37 billion) in September, the Office for National Statistics said on Friday.
A Reuters poll of economists had pointed to public sector net borrowing, excluding state-owned banks, of 18.3 billion pounds.
Government borrowing between April and September, the first half of the 2023/24 financial year, totalled 81.7 billion pounds, 15.3 billion pounds more than in the first half of the previous financial year.
Another c50 point drop on opening atm, and the invasion hasn't started yet.
MD (Falky) is just finishing his draft post, entitled "I told you so."
Chips will be pleased with gold continuing this month's rally.
And a few losers are still rabbiting on about a democratic vote from seven years ago. You couldn't make that bit up.
Daft trader will be making more contributions than normal, he seems to get excited during a downturn.
Keep yer hand off that buy button for now, or as DT would say DYOR.
Have a good day, the weekend is up on us, I'll be down the juicer later.
Just saying.
Today was another quiet sell off day, with the FTSE making its displeasure with the middle east known. Costing me and many others thousands. Same as the Lloyds BB, very quiet. Then it all kicked off, a sudden explosion of posts! Let's hope the only thing kicking off is this BB, otherwise the debate will change rapidly. A 7500 point FTSE might be something that we all would wish for.
Funny old world.
PoundSterlingLIVE - A major UK-based bank has upgraded its UK growth forecasts following the sizeable revisions recently announced by the ONS and the economy's resilient performance in the first half of 2023.
Standard Chartered (LON:STAN) says a lower terminal rate at the Bank of England than was previously expected should also ameliorate growth headwinds in 2024.
"We previously anticipated a three-quarter recession beginning in Q4 this year, but that was predicated on the Bank of England taking the base rate to 5.75%. A terminal rate of just 5.25% (now our base case, supported by this week’s inflation and labour-market data) could be sufficient to avoid the onset of a technical recession," says Christopher Graham, an economist at Standard Chartered.
Not obsessed with the Scots at all Ww. It's just that we've had to endure years of the likes of the chuckle brothers spouting their bile at the English and how things would be different when "we gain independence."
Well that ain't gonna happen, not in your lifetime or the chuckle brothers for that matter.
If you can't take it don't give it. I'm not saying that you are one of the antagonists, but you'll get dragged into the argument by defending them.
Whilst on the subject of Humza Useless. I hear he's calling for the UK, that's the UK to take Gaza refugees. He well knows that Scotland's record on recieving refugees is abysmal. No-one wants to stay in Scotland (and who could blame them) they'll all come South eventually.
Heard recently.... "Not all Gaza residents are Hamas members, but they “are all antisemitic."
London has taken the title as home to the largest stock market in Europe, according to Bloomberg. The city overtakes Paris, despite all the doomsayers warning that London would plummet down the rankings following Brexit…
Julian Jessop from the Institute of Economic Affairs pointed to the new figures on X, writing: “No sign of a significant hit from #Brexit”.
"The SP falls and the usual muppets appear."
I wonder who that could be? No names (well not his real one). But I've noticed a sudden flurry of posts from our resident doomster who always runs true to form. And again doesn't disappoint….Daft Trader.
As always DYOR 😂
Report from ii.
Now with almost 4 years of data, interactive investor, the UK’s second largest investment platform for private investors, has published its latest Private Investor Performance Index* to 30 September 2023.
The index has chartered some extraordinary highs and lows in both bond and equity markets, and it shows, with some subtle but significant shifts in customer behaviour.
The average ii customer is up 8.2% since 1 January 2020, lagging the major indices, but slightly ahead of professional fund managers as measured by the IA Mixed Investment 40-85% Shares sector, up 7.7%. Women have outperformed men by one percentage point, not insubstantial in a lower growth environment.
There’s been some strong double-digit returns over the past three years, with the average customer up 18.2%, well ahead of professional managers as measured by the IA Mixed Investment 40-85% sector, up 10.3%. It continues…
https://www.ii.co.uk/private-investor-index?utm_source=campaign&utm_medium=email&utm_campaign=Private%20Investor%20Performance%20Index%20Q3%202023%2020231016&utm_content=campaign&utm_source=sfmc&utm_medium=email&utm_campaign=Private+Investor+Index_Q3+2023&utm_term=https%3a%2f%2fwww.ii.co.uk%2fprivate-investor-index%3f%%%3dv(%40UTM)%3d%%&utm_id=113535&sfmc_id=5983113
"Our private investor performance index continues to be the only barometer of its kind to truly take the temperature of how retail investors are faring in these extraordinary times."
"Last Friday a Human Resources Director at Lloyds Banking Group, Sarah Underhill (pronouns She/Her), wrote an email to 30,000 Lloyds staff offering them counselling if they were triggered by the rhetoric heard at that week’s Conservative Party conference:
If Tory rhetoric was too much for Lloyds staff and Sarah Underhill last week, today’s news that Lloyds Bank has opened bank accounts for Nigel Farage will be a bit of a shock for her. She may herself now need counselling…
Given how Nigel Farage’s mere breathing triggers wokesters, Lloyds may need to up their BUPA premiums"....
Why do we employ and pander to these easily offended bunch of wusses. They just can't stand the truth.