Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
LONDON (Reuters) -British house prices in September were 5.3% lower than a year earlier, matching their fall in August which was the biggest annual drop since 2009, figures from mortgage lender Nationwide showed on Monday.
In month-on-month terms, prices were unchanged in September after a 0.8% fall in August, Nationwide said.
FLIP FLOP.
"Now the HS2 rail extension to Leeds has been scrapped, Labour’s immediately called the announcement “a great train robbery” and insisted the north is being “sold out“. Sir Keir even claimed “the north of England has been betrayed“. The only problem is Starmer himself openly opposed HS2 for years, both as a candidate and later as an MP."
"Now that the government is rowing back its own plans, Starmer is suddenly HS2’s biggest cheerleader in the Commons. Starmer was so on the back foot during the interview he even got confused with his dates, claiming he was elected leader in 2018 – a full two years wide of the mark".
"Anti-HS2 crusader Keir Starmer may have to face down his Shadow Cabinet as an unearthed video does the rounds of him unreservedly blasting the project “on cost and merit”, and categorically stating that “the only sensible plan is to abandon the project altogether”.
Leading up to the 2015 election, Starmer said that “fighting HS2” was one of his “top priorities” for his constituents – even ahead of the NHS:
Make yer mind up mick , do you support it or not? Oh you're not sure, you can't follow labour policy because they keep flip flopping. Andy Burnham suddenly support's it and the rest of the sheep follow because of a rumour.
Get real yer lefty twats.
China could be forced to "sacrifice its currency to avoid a nasty recession" - something that could blow a huge hole in the Communist Party's "legitimacy"
Ring any bells, anyone?
How about this from Harold Wilson. “From now on, the pound abroad is worth 14% or so less in terms of other currencies. That doesn’t mean, of course, that the pound here in Britain, in your pocket or purse or in your bank, has been devalued.”
After this humiliating announcement from the then chancellor Sunny Jim Callaghan everyone knew that a huge hole had been blown in the labour party's legitimacy.
I won't mention the other 30% devaluation some years earlier under the then labour government of Clement Attlee…….oh! I just did.
Be aware that history sometimes is destined to repeat itself.
Have a great weekend all, we're out for a few bevvies and a nice meal.
Enjoy your mutterings as I'll have a laugh reading some of them, ciao.
"This week's observation - flattish week for all bank stocks".....
"A very basic comparison that does not include divi yield, IMO those still suggesting Lloy is 'the worst share ever' or a 'dire share' should maybe consider Premium Bonds."
"A very basic comparison indeed Asp1 but compared to the selections Lloyds has failed on every account. Some may call it 'dire', not me. I'm well in profit on my Lloyds investment and like you are looking to further my investment.
Just saying.
In layman's terms it's a right. s h i t show over there GB.
The more savvy amongst us know, long term, the only way a single currency will/can work is a 'US' of Europe. Surprised it's gotten this far, but let's face it, during the euro's short life the consequences of this experiment have inflicted some real hardship on its citizens. In short, without major reform it's doomed to failure.
And yet, we still have a few numpties who cannot see what's unfolding before their eyes. Thank goodness we had the foresight and the democratic opportunity to escape.
"Yes, but if Europe gets worse then I'm sure it will have a knock on effect..."
or this?
"Gateboy, posting information about the Germans and the issues they are facing is nothing more than a distraction."
DT, make your mind up, what is it.
A distraction or will have a knock on effect?
This is why you have no political views, sitting on that fence too long.
Whatever we paid him it was worth every penny and some.
He alone probably done more to get brexit done and p I s s off the likes of you mick, get over it and change the record.
Btw, I expect he wrote them a cheque 😂
With comments like that, I wonder which part of the globe you arrived here from, before we took you in a123?
Whilst we're at it, those British council tenant scum you talk about were probably on the same boat as you. 😔
What avenue of thought brought you to that conclusion?
It was inevitable that the UK would align with our neighbours and delay the 2030 date, plucked out of thin air around the time of COP in Glasgow.
Nothing chaotic about this announcement, just common sense.
Why would any nation impose conditions and restrictions on its people when the resources and technology are not there yet.
It's good to see the lefty's on this BB rearing up. All the while believing the Starmer and the former (failed) labour leader Miliband's rhetoric about some sort of UK led green utopia creating hundreds and thousands of new jobs in the guise of a so-called 'GB Energy' saviour.
Gullible comes to mind. Who else would put the horse before the cart?
At last we are seeing some division's between the party's but would labour reverse it?
Since MD mentioned politics here's the sort of thing we're up against next year….
"Shadow Economic Secretary to the Treasury Tulip Siddiq was trotted out this morning to tell viewers the news that Starmer is looking to achieve “more of a stronger Brexit deal” in Paris today. Guido (for DT's benefit 😜) was more surprised by the claim that the Brexit deal “is a bit too thin, if you look at countries like New Zealand and Canada, they’ve actually got a stronger Brexit deal … which makes it easier for businesses to cut red tape.” Really?
Last time Guido checked Canada and New Zealand still trade over tariff barriers with the EU and will continue to even when their long-feted individual agreements come into force. The Kiwis will have export duties removed on some food and drink products while Canadian agricultural products, for example dairy and poultry, will still be subject to tariffs even after CETA is ratified by EU member states. The UK has a tariff free Brexit deal. Someone needs to do their trade agreement homework"…
All the while Starmer and co are grandstanding in Paris.
Be careful which way you vote.
"Labour government, also, if they tories"
Blimey MD (falky), mentioning both labour and Tories in the same post when he's not at all interested in politics.
Investing and politics are intertwined IMO, especially investing in banks.
"The Organisation for Economic Cooperation Development (OECD) forecasts UK inflation to fall back to 2.9% next year… although this year’s figure is set to average 7.2%, the worst in the G7. At least Rishi is on target to meet one of his pledges by Christmas…
The OECD also expects the UK to hit average growth of around 0.3% this year, up to 0.8% in 2024. Better than Germany… although still small beer. Jeremy Hunt is instead pointing to the IMF figures to cheer everyone up:
“Today the OECD have set out a challenging global picture, but it is good news that they expect UK inflation to drop below 3 per cent next year. It is only by halving inflation that we can deliver higher growth and living standards. We were among the fastest in the G7 to recover from the pandemic, and the IMF have said we will grow faster than Germany, France, and Italy in the long term.”
In the meantime, the Bank of England is expected to hike interest rates to 5.5% on Thursday."
Britain's Lloyds Banking Group (LLOY.L) is in talks with the Barclay family and U.S. private equity firm Carlyle (CG.O) over Very Group, an online retailer and financial services provider, the Financial Times reported on Friday.
The British lender holds a guarantee in the overseas holding companies controlling Very Group that is linked to the distressed debt behind the Telegraph, the report said, citing people with knowledge of the discussions.
"The Very Group continues to perform well and is operating as normal with robust liquidity," a Very Group spokesperson said in an e-mail.
"We remain fully focused on executing the group’s strategy for continued growth and profitability."
Lloyds and Carlyle did not immediately respond to Reuters' requests for comment. The Barclay family could not be immediately reached.
https://www.reuters.com/business/finance/uks-lloyds-talks-with-barclay-family-carlyle-over-very-group-ft-2023-09-01/
"But when the sp hit 150p+ everyone is a holder...unbelievable!!"
I believe once upon a time everyone was a holder, falky, but don't tell Sid.
I bought in CNA @ 47p and have sold on the way up, but still holding. What's not to like?
'Multibagger,' now with resumed dividends, everyone loves a winner except you, or so it seems.
Don't be envious, share your own successes.
Look around you if you want to see blue, its everywhere. If you didn't take profit from the rise after the concession award, there will never be another opportunity, you've missed the boat.
There's nothing to see here, apparently they told you that, in an RNS. The board isn't talking, what is there to talk about? Sadly, only missed opportunities, which is a shame because there are some decent Lt contributors/investors here.
I hope it will eventually come good for you all, but I somehow doubt it.
ATB.