Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”
The restructuring was outlined in a memo last month from Lloyds’ chief risk officer Stephen Shelley, who said two-thirds of executives believed risk management was blocking progress while “less than half our workforce believe intelligent risk-taking is encouraged”.
The lender was “resetting our approach to risk and controls”, Shelley said in the memo, seen by the Financial Times, adding that “the initial focus is on non-financial risks”. A new model would enable Lloyds to “move at greater pace” with clearer roles and responsibilities, he said.
Loosening Lloyds’ risk controls “could potentially have catastrophic consequences for the future of the bank”, added Brown.
Lloyds is two years in to a £4bn, five-year investment plan to diversify its income away from mortgages towards income streams less dependent on interest rate changes including wealth management and insurance.
The lender, which has about 60,000 staff, has reviewed thousands of middle-management positions across its business in an effort to increase its focus on digital services. About 3,600 people work in the bank’s risk teams.
“I read that professional share tipster malcolm Stacey is now also apparently calling a £1 Share price target for Lloyds bank
When it happens... all on here will claim to have called it from these levels.”
I've chosen 90, 91 and 91.5p for at least the last five years in Meerkats/Asp1 EoY competition. Seems folks and even professional tipsters are finally beginning to take on board the potential here.
But I'll say this only once PP! Hehe 😆
Humza Yousaf is like the tortoise on top of a post
"'You know he didn’t get up there by himself, he definitely doesn’t belong up there, he doesn’t know what to do while he is up there, and you just have to wonder what kind of idiot put him up there in the first place.’
And that just about sums up the SNP.
A funny ol' thing these BB's, everyone getting excited after a decent rally and now with the futures showing negative it appears peeps are really taking an interest.
Up or down, It's still only money, it's not life or death.
A lot of new faces appeared of late, mostly all expert's as to the final outcome, casting views at the rate of two men…Laurel & Hardy that is.
“Time for a top up.”
PortPower
With all your recent posts regarding the Lloyds direction I'm surprised you're not ‘all in’ already. Just goes to show even you're not entirely sure, are you?
But hey, whatever, it's a change from the usual doomsters on this BB.
That reminds me, where's Daft Trader?
“BOE may not move on base rates independently”
Can't see the BoE making any unexpected moves like Switzerland the other week. The resulting change (drop) in exchange rates will upset more than it pleases. But the UK's inflation rate is still @ 3.4%, well above the 2% target.
Bailey, as he has demonstrated, is a follower not a leader.
Just my opinion.
The French Consumer Price Index (CPI) rose by 2.3% in March, its lowest level in two and a half years, according to a preliminary report by the country's statistical office INSEE published on Friday. The figure is down from February's annual inflation rate of 3%.
This reduction is attributed mainly to the policy's being pursued by the UK Prime minister Rishi Sunak and a deceleration in the year-on-year prices of tobacco and food.
PS. You have to take the credit for the positives after being blamed by the warped opposition for all the negatives in the world.
Suck it up.
“StickyToffeTwat” deserves the usual reply..
Fk you, Fk that, and Fk off.
However we mustn't stifle an open forum because without freedom of speech we wouldn't know who the idiots are. But in STP’s case, we all know by now.
So I guess the usual diktat applies, that being the case the following is quite acceptable. Fk you, Fk that, and Fk off.
Enjoy your holiday weekend everyone.
“Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits”
You have to be invested to gain access to company disbursements DT, so that article is probably lost on you, especially where LBG is concerned.🙂
“Don't see anything in the Markets worth jumping on.”
I recently bought a few Halfords (hfd) and have added to a current holding in International Airlines (iag). Bwtfdik.
Just saying.
“British businesses trimmed their plans for staffing and wage increases this month, according to a survey published on Wednesday that suggested April's big increase in the minimum wage is weighing on employers.
It's possible the impending minimum wage rises in April are beginning to come into sharper focus for businesses – especially smaller firms.
Britain's minimum wage will rise by nearly 10% next month, and supermarkets and other retailers that pay staff only slightly more have raised pay ahead of the increase.
The BoE, which last week kept interest rates on hold, has said wage growth remains high despite signs of a slowdown.
The introduction of the minimum wage 25 years ago is the single most successful economic policy in a generation.
The share of workers on low pay - defined as an hourly wage less than two thirds of the median - fell from 22% in 1999 to 9% in 2023.
Relative to typical wages, Britain's minimum wage is now one of the HIGHEST among advanced economies - similar to that in France and South Korea.”
You lucky people, you've never had it so good. That's the Tories for you.
I see the government has now reduced their NatWest stake to below 30% in preparation for an offering of upto 15%.
Best get this sold off before the forthcoming election.
Don't want to leave too many excess funds about, in case labour gets elected, they would only waste it on the feckless.
Rachel Reeves is not the brightest in the box. Her claim to fame, which she keeps reminding us all is that she used to work for the BoE.
With all the morons infesting this Lloyd's BB, I'm at the stage now where ‘fk you,’ ‘fk that’ and ‘fk off’ is the correct answer to almost everything that is posted by the brainless left. The sad thing is if they get elected all these Pratt's will either disappear, die or yet again change their usernames.
A new start tomorrow after all the posts are removed.
“whenever Sunak has the guts to call an election”
The fixed term parliament was abolished mick-b. Anything upto a 5 year term is allowed.
We can't have labour (if they get elected) claiming all the credit for this fantastic boom that is materialising after the unavoidable issues of COVID and the war in Europe.
As each piece of improving financial data is released the cry goes up for an immediate election.
Enjoy the ride, if I was Sunak I'd wait until January 2025.
LloydsBuyingPrat.
With your stated total of Lloyds shares now at 800,000 today, and
having added at least 200,000 more Lloyds shares during the last couple of weeks, do you think you are living up to your username?
If you want to become a millionaire sometime in the future through purchasing LBG stock surely you'll only need 200,000 with your £5.00 Lloyds SP prediction.
I sometimes wonder who's the prat here. You for your psychic powers or the rest of us for letting your imagination run wild.
I know what I believe, the clues in your name.
''STP was unheard of here when DCB was performing'’
Lti.
For some people having a voice here is paramount. With all those former IDs, it has clearly overtaken STP/DCB’s simple life in Spain.
Too much of that cheap booze and time on his hands.
I recognise some of those aliases.