Royal Bank Of Scotland Share Discussion Threads

[careful] 28/6/2017 08:49

stock market so called 'wealth' is an illusion.
if just 5-10% of the wealth owners tried to cash in their wealth,
the market would crash big time.
It only exists in their mind.

[leedskier] 28/6/2017 07:41

I must have had a premonition.

The FT has just reported that the UK financial regulator has just released a report recommending overhaul of UK fund managers charging structures and lack of transparency.



add

It is also high critical of 'sub par' returns for pension investors and recommends that the regulator should have greater powers.

[leedskier] 28/6/2017 06:47

Talking of which London is tipped to fall at the open.

[leedskier] 28/6/2017 06:27

Alan Milburn's report published today on social and economic inequality in the UK, comments about the 'haves and have nots'.

One of the problems in the UK is that the stock market, which should be a mechanism to create wealth for many, has failed.

By way of illustration, Google, which was front page yesterday over its 'drop in the bucket' fine, trades on a PE of more than 30.

The relevance of that is that its market cap is circa $650 billion.

Yes, Google's market cap is not only larger than the combined top 4 companies listed on the FTSE100, and 16 x that of RBS, but is probably greater than the combined value of all of the companies listed on the FTSE250

No wonder so many Americans are wealthy. Money invested directly, or indirectly, through pension funds, in US stocks over the last three or four decades have produced very real returns.

In the UK with interest rates so low, and a stock market which has failed to keep up with inflation over the last twenty years, the only way wealth can be created, other than by dint of success in employment, is in property.

The above inflation rise in house prices, however, merely amplifies the social and economic divide in the UK and in any event the 'wealth' created by house ownership is illiquid. (No wonder Theresa May initially proposed tapping this wealth to fund social care for the elderly).

It is a vicious cycle, likely to be made worse by the consequences of the 'backlash' referendum result a year ago. It will be the 'have nots' which will feel the most pain, and those investing in pensions dependent on the stock exchange's performance, will share their pain.

[avatar333] 27/6/2017 15:27

June's soaring temperatures boosted supermarket sales by record levels and sent overheated Britons in search of ice cream.

Research firm Nielsen said major retailers enjoyed the largest annual revenue rise for four years, up 4% compared to June last year.

Sales of hand-held ice creams rose by 24% as the UK basked in its hottest June since 1976.

More people also dined al fresco, with demand for quiche up 11%.

Mike Watkins, Nielsen's UK head of retailer and business insight, said: "The early summer weather gave supermarkets a much-needed shot in the arm."

[careful] 27/6/2017 14:56

Good to have someone around powerful enough to discipline American companies and their dodgy practices.
Well done EU, we rely on you.

[leedskier] 27/6/2017 14:52

And GOOGL's share price hardly blinks.

[leedskier] 27/6/2017 11:00

Financial Times - 21 minutes ago
The Bank of England has put lenders on notice that they will have to build a special buffer worth £11.4bn over the next 18 months as it tries to make them more resilient to risks such as a burgeoning consumer-credit sector.

[leedskier] 27/6/2017 10:37

BANK OF ENGLAND RELEASES FINANCIAL STABILITY REPORT

Here we go! The Bank of England has told Britain’s banks to start setting aside more capital to protect themselves from a financial downturn.

That’s one of the key lines from the Financial Stability Report.

As predicted, the BoE is raising the counter-cyclical capital buffer (CCyB), so that banks must set aside 0.5% of their assets as capital in case of a rainy day.

That means it is reversing one of measures taken after the Brexit vote, a year ago.

Interestingly, the BoE says it expecs to raise CCyB again, in November, to 1%.

[gcom2] 27/6/2017 10:01

those two were about as much use as a hedgehog in a condom factory

[leedskier] 26/6/2017 23:29

Because she was only talking to her spads. The ones she was forced to sack or face a revolt within the party..

[maxk] 26/6/2017 18:03

re - 147698


So why did no one pull Mrs may up on this, any fool could have told them it would cost votes.

[leedskier] 26/6/2017 13:03

Here is the Australian ABC video Monty Python send up of Theresa May.

[leedskier] 26/6/2017 12:50

Northern Ireland to get an extra £1bn over two years as a result of deal, Foster says

Arlene Foster, the DUP leader, is speaking outside Number 10 now.

She says today she has reached an agreement with the Conservatives on support for the government in parliament.

The DUP’s guiding principle has been acting within the national interest, and enhancing the union, she says.

They have focused on enhancing prosperity, strengthening the union and working towards Brexit.

The details will be published in full, she says.

They have agreed to:

Keeping the triple lock for pensions
Keeping winter fuel payments for all pensioners
Keeping defence spending at 2% of GDP
Extending the armed forces covenant to Northern Ireland
There is also a financial package, she says. It is worth £1bn over two years. There will also be “new flexibilities” in terms of how £500m already committed to Northern Ireland can be spent, she says.

Northern Ireland to get an extra £1bn over two years as a result of the deal, Foster says.
Foster also says the government and the DUP will set up a coordination committee to oversee implementation of this deal.

[leedskier] 26/6/2017 12:47

Here is Grant Shapps, the Conservative MP and former party chairman, on the Tory/DUP deal.

Follow
 Grant Shapps MP ✔ @grantshapps
Hmm. No change to Winter Fuel Payments, Triple-Lock Pensions & LongTerm care. With this manifesto, we could have had a stonking majority!
12:01 PM - 26 Jun 2017

[dope007] 26/6/2017 11:47

It may be peanuts to you but it is $19 billlion of taxpayers money to bail out rotten bankers that the market is celebrating. Italian taxpayers do not have that cash to bail them out yet again. QE does not go to a single taxpayer. It goes to the bankers and the debt gets loaded upon the population

[careful] 26/6/2017 11:25

$19 billion is peanuts.
many tens of trillions created by central banks in recent years.
(by nearly every advanced and emerging countries.)
small change, they will create a tiny bit more and bale it out.

the trouble is most people are innumerate.
they may love Wordsworth, the classics and be able to translate Greek poetry,
but they do not understand numbers.

net contributions to the EU for example were barely 1% of GDP.
yet the innumerate thought it could bale out the health service (£145bn pa),and build new schools.
Now we are all in a mess with a collapsed currency.

[dope007] 26/6/2017 10:58

Italy doesn't have $19 billion. It is another busted country

[leedskier] 26/6/2017 08:12

Every tower block tested to-date, 60 of therm, has failed fire safety requirements.

There are 600 tower blocks in total to be tested.

[leedskier] 26/6/2017 08:09

Italy Commits $19 Billion for Veneto Banks in Largest State Deal

[ball deap] 26/6/2017 00:35

Door, reach , open, bail, Door, reach , open, bail, Door, reach , open, bail, Door, reach , open, bail, Door, reach , open, bail