Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
"Bros. Blair was history long before the current crew set about the UK with its wrecking ball."
Gunsup, if you believe that Blair is history, think again.
I guess you've never heard of the perverse organisation called Common Purpose, set up in the Blair era btw. If you look it up don't be fooled by the website, it's not known as The Octopus for nothing. Then there's the Blair institute, as chairman Blair has made several political interventions since its inception.
As I said, think again.
Metro Bank, Starling, TSB and Monzo are the mainstream banks that received the highest rates of fraudulent payments last year, according to research that sheds light on which firms are being targeted by scammers. The Payment Systems Regulator yesterday released industry figures for so-called authorised push payment (APP) fraud, which is when a bank customer is conned into sending a payment to a fraudulent account they believe is legitimate. – The Times
"British house prices unexpectedly rose by 0.9% in October from September but the increase was due to a lack of homes for sale rather than a sign of a turnaround in the market which has been hit by a jump in borrowing costs, a mortgage lender said.
Year on year October prices were down 3.3%, a less sharp fall than September's 5.3% drop, Nationwide said.
Economists polled by Reuters had expected prices to fall by a monthly 0.4% and by 4.8% year on year."
I know this is a Nationwide report, but you have to wonder how these stats are compiled.
Probably not grim enough for Daft Trader to post. 🙂
Thought I'd post this as well livestock, part of the same article.
"Desperado" By the Eagles
A fitting song for the likes of daft trader joined by mick-b and a few others.
The title fits and the words apply…..
"Desperado, why don't you come to your senses?
These things that are pleasin' you
Can hurt you somehow
Desperado, oh, you ain't gettin' no younger
You're losin' all your highs and lows
Desperado, why don't you come to your senses?
Especially the last line….
You better let somebody love you before it's too late
Why would anyone on a share site spend all day and so much time searching for negative articles to share?
Have another look at that last line of the song, saddos.
https://youtu.be/zuqE1gz7qyE?si=mnZRkkgdRQ3XHNLO
Trouble is 88, defined contribution schemes are so restrictive. You'll typically have a choice of just 3 managed funds described as something between passive and aggressive with the lifestyle option, a given unless you opt out.
As proven by events, the stock market has been volatile, it has provided more security than supposedly safer assets.'
"While bond markets have been rocked, the global stock market has risen by an impressive 35.7 per cent over the past three years."
"Eurozone economies have been warned the currency union will be “weak” for years after the European Central Bank opted to freeze interest rates.
Mr Lyddon, founder of Lyddon Consulting Services, told Express.co.uk: “The first question is why household real incomes should recover."
“That requires both employment levels and wages to go up more than inflation and any rises in taxes."
“That happens when the economy is strong, the government is taking a smaller slice of the cake, and there is a resultant shortage of labour.
Mr Lyddon also highlighted an inherent assumption embedded in the ECB’s analysis of the current economic climate, which he characterised as “when the demand for euro area exports recovers”.
He asked: “What is the destination of those exports?
“The non-euro countries of the EU? The UK? The USA? Russia, with the embargo? China, with the problems in its real estate market?
There is no country or region that is buoyant enough to buy more euro-area exports in sufficient quantities to move the dial."
He's saying we're all fkd then, but the eurozone is more fkd than the rest of us, just as I suspected.
Thousands approaching retirement have missed out on so-called safe managed low risk 'lifestyle' pension funds. Just another reason I transferred to a SIPP. Atm, mine should end up as part of my estate, but you never know what the future holds.
Far from protecting you from stock market volatility when approaching retirement, these funds have been a disaster for many.
"For example, the Aviva Pension Pre-retirement Fixed Interest pension fund has lost 33.4 per cent over the past three years. The Vanguard LifeStrategy fund, which invests just 20 per cent in stocks, is down 12.7 per cent in that time. Meanwhile, Clerical Medical's Retirement Protection Pension, which invests almost exclusively in UK Government bonds, has lost a staggering 52.3 per cent."
Even if you don't match the performance of a managed pension, you're certainly in a position with a SIPP to act instantly, to correct things when needed.
https://www.thisismoney.co.uk/money/pensions/article-12682773/amp/How-safe-pension-fund-plummet-30-year-retire.html
Whilst every man and his dog are moaning about direction and talking this down I'm quietly adding to my core investment here even though by doing so I'm adding to my average.
Call yourselves investors, the nearest you lot came, is that your mother slept with one.
Take a couple of days off its the weekend.
"Law firm Travers Smith investigating into the decision by Coutts to cut Farage as a customer. It said the review found shortcomings but decided the move was lawful." The firm's chairman is a well known remain lawyer.
Just saying.
Avocet123
You seem to be fixated on the UK auto industry. This is the second time you've posted this, replying to your own posts lol.
I've worked in Slovakia with suppliers back in the 90's, nothing to see here.
Automotive companies operating in Slovakia:
"Volkswagen since 1991 in Bratislava, Martin, and Stupava, PSA (Peugeot and Citroën) since 2003 in Trnava, Kia Motors since 2004 in Žilina and Jaguar Land Rover in Nitra since 2016."
Something up to date for yer.
UK car manufacturing rose by 39.8% in September with 88,230 vehicles leaving British factory lines – 25,105 more than the same month last year, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Output increased for both domestic and export markets, with production for the UK up 65.9% to 23,503 units and overseas shipments rising 32.2% to 64,727 units.
There's not much worse than an embittered remoaner, get real and give it a rest loser.
"He’s evidently been smoking something again TFE."
Yeah, he tried his best with all sorts of deflection news on what was an excellent results and subsequent turnabout day. Failed again.
Surprised chid didn't turnout today she was quite vocal yesterday. 🙂 Just saying.
"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