Barclays Share Discussion Threads

[johnwise] 06/11/2024 09:43

London open: Stocks surge as Trump declares victory


This has helped to boost risk sentiment on Wednesday, as it reduces the chance of civic unrest. The national opinion polls got this election very wrong. Even the market-based prediction polls had narrowed sharply in recent days, although they had consistently predicted a win for Trump.

"The results of this election are clear: it’s a red wave, he has received a massive mandate for his agenda, and Trump and the Republicans could get a clean sweep after winning the Senate and the White House. Trump won the popular vote and in the last 4 years it looks like more Americans have turned Republican.

[blueeagle7] 06/11/2024 08:51

The Trump Trade !

[flyfisher] 06/11/2024 08:44

Why the rise today?
TIA

[portside1] 06/11/2024 08:27

It's a great day lammy must be removed along with tyrant liar starmer

[smurfy2001] 06/11/2024 08:04

Congrats to Trump, making the Barclays share price even greater.

[johnwise] 06/11/2024 07:57

Bumper figures

M&S profits soar as turnaround plan delivers

Marks & Spencer posted another strong set of results ahead of the “golden quarter” as its turnaround continues to deliver.

Profit before tax for the half-year jumped 17.2% to £407.8m, from £348.1m last year, while operating profit rose by a third (3%) to £213.1m.

Food sales were once again the star performer, rising 8.1%, while higher demand for its womenswear lines pushed clothing and home sales up 4.7%.

[johnwise] 06/11/2024 07:46

Bloomberg
Tue, November 5,

Spike in UK Borrowing Costs Wipes Out Reeves’ Fiscal Headroom


(Bloomberg) -- The increase in UK borrowing costs since last week’s budget has wiped out all of Chancellor of the Exchequer Rachel Reeves’ headroom against her main fiscal rule, raising the prospect of further tax rises or spending cuts unless the debt picture changes.

Tom Josephs, a senior member of the UK’s fiscal watchdog, told lawmakers Tuesday that a 0.3 percentage point rise in government borrowing costs would eliminate all of the £9.9 billion ($12.9 billion) of space against Reeves’ “current budget” rule that day-to-day spending must be paid out of tax.

The market selloff after traders were surprised by the scale of extra borrowing set out in the budget has pushed the yield on five-year gilts 0.3 percentage points above the forecast by the Office for Budget Responsibility, according to Bloomberg Economics analysis. Expectations for Bank of England interest rates are half a percentage point higher.

That would leave the chancellor needing to raise funds were nothing to change before her budget next year.

Reeves unveiled £142 billion of extra borrowing, much of it front-loaded, and left herself very little room to deal with any shocks. A weak growth forecast from the OBR, which also warned that her policies would be mildly inflationary, compounded market concerns. Ten-year UK government borrowing costs, which move inversely to prices, are now the highest they have been in a year.

OBR Chairman Richard Hughes told MPs he had “expected the budget to be a surprise to the markets just because of the volume of gilt issuance.” The OBR added a quarter percentage point to its interest rate forecast in anticipation of the market reaction, he said, but the market has moved even further.

As well as her “current budget” rule, Reeves left herself very little room against her debt rule that requires “public sector net financial liabilities” to be falling in five years. The target is hit with just £15.7 billion to spare.

[johnwise] 06/11/2024 07:29

investing.com
Published 05/11/2024,

Deutsche Bank looks at UK public finances post budget


The new Labour government announced its first budget last week, and Deutsche Bank


(ETR:DBKGn) now studies whether the UK public finances are on a more stable footing.

UK Chancellor Rachel Reeves detailed £40 billion of tax hikes to plug shortfalls while also adding just over £30 bn in annual borrowing to the previous government's Spring Budget projections.

Following on from the budget, gilt yields have risen. Short-term interest rate expectations have picked up, and higher interest costs have added effectively another £5 bn in debt servicing costs to the Chancellor's bill, eating further into her fiscal headroom.

“To be sure, for the Autumn Budget to pay off, we will need to see a bigger growth dividend from both day-to-day spending and capex. At present, the OBR expects sustained growth improvement to only crystalise between 2030 and 2035. The faster it does, the better,” analysts at Deustche Bank aid, in a note dated Nov. 5.
Following the Budget, Reeves noted that the public finances were now unequivocally on stabler footing. 

However, “despite the big tax raising event, big challenges remain for the Chancellor. New fiscal rules have shifted the fiscal headroom arithmetic – but given that the Chancellor has opted to use much of this, fiscal constraints will continue to be a big feature of future fiscal events,” the German bank added.
And more risks linger going forward. 

“The Chancellor may have to return to raise more taxes or cut spending – or more borrowing may ultimately be inevitable over the course of parliament's session,” Deutsche Bank said.

[johnwise] 06/11/2024 07:18

It looks like America has made the right decision for themselves and the security of the world, it’s a shame the correct decision to elect Nigel Farage wasn’t played out here. With Trump and Farage at the wheel, our country's path would be on an infinitely better course...


Trump seizes control of U.S. presidential election after winning North Carolina AND Georgia

[smurfy2001] 05/11/2024 23:29

What's your exit price portside1?

[stonedyou] 05/11/2024 22:07

Kiev Fights Ghost Of North Korean Army

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Despite the large number of fakes spread by Zelensky’s administration about the participation of the North Korean army in the Ukrainian conflict, the arrival of DPRK army units in Russia should not be surprising. On October 18, South Korean President Yun Seok-yol held an emergency meeting with the National Security Council. The occasion was the receipt of information from the National Intelligence Service about the deployment of troops from the Korean People’s Army to Russian training areas. Seoul estimates the number of soldiers of the North Korean army at 12 thousand people. South Korean intelligence suggests that among the fighters sent to Russia are soldiers of the elite 11th Army Corps, the so-called Assault Corps.

Vladimir Putin indirectly confirmed the information about the arrival of DPRK military personnel in Russia at a press conference following the BRICS summit in Kazan. Answering a question about satellite images showing the transfer of North Korean soldiers to Russian territory, the Russian president said: “Images are a serious thing, if there are images, it means they reflect something”. In addition, Putin emphasized the existence of the Comprehensive Strategic Partnership Treaty between Moscow and Pyongyang and its fourth article. It states that “if one of the parties is subjected to an armed attack by one or more states and thus finds itself in a state of war, the other party shall immediately render military and other assistance by all means at its disposal.”

The deployment of some North Korean forces to Russia for combat coordination was inevitable. In its turn, Pyongyang is interested in its military gaining real combat experience. The DPRK army needs to master the latest military equipment and acquire knowledge of modern warfare.

Despite numerous fakes and unconfirmed reports, there is still no evidence that the Korean People’s Army is taking part in combat operations in territories recognized by the West as Ukrainian.

Pyongyang’s fulfillment to its alliance obligations to Russia does not violate international law. The fact that the Kursk region belongs to Russia is not disputed by anyone in the world. Therefore, the deployment of the Korean People’s Army in accordance with an interstate treaty on the legitimate territory of Russia can hardly be called an “escalation”.

Seoul’s complaint that Russia is helping to arm North Korea is hypocritical. The U.S. is the main supplier of arms and equipment to Ukraine, thanks in large part to South Korean stockpiles. In particular, artillery shells from the South Korean army have been an important aid for Washington. In such a situation, Moscow could hardly remain indifferent to military cooperation with the DPRK. It is obvious that the intensification of interaction between Russia and North Korea is a consequence of South Korea following White House policies.


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[johnwise] 05/11/2024 21:32

VIDEO

Caller Barry REACTS To Labour's 2024 Budget

TalkTV

[johnwise] 05/11/2024 20:27

VIDEO

Katie Hopkins: Dear America……

[johnwise] 05/11/2024 18:05

VIDEO

'BBC OUT OF CONTROL' | Broadcaster BLASTED Over Pro-Palestine Bias

[johnwise] 05/11/2024 16:32

TRUMP LANDSLIDE WIN | OUR 2024 US ELECTION PREDICTION

[bernie37] 05/11/2024 15:22

What’s your total holdings now? Portside1

[smurfy2001] 05/11/2024 12:17

The buyback could get the share count below 14.4bn but with the price being so bullish that's looking unlikely. At least it's looking to beat consensus 14.47bn.

[portside1] 05/11/2024 10:34

Next stop is over 264p

[johnwise] 05/11/2024 10:25

VIDEO

BREAKING: Iran Vows CRUSHING Attack On Israel, U.S.;

IDF CAPTURES Iran Operative

TBN Israel

[johnwise] 05/11/2024 10:07

VIDEO

FOX Business host Larry Kudlow gives his final predictions on Election Day eve on 'Kudlow.'

Larry Kudlow: It seems like Democrats are facing a turnout deficit