Barclays Share Discussion Threads

[johnwise] 21/11/2024 09:54

VIDEO

Shock revelations about Rachel Reeves fake life as Chancellor told she MUST quit

[johnwise] 21/11/2024 08:58

VIDEO

Rishi Sunak continuously said Labour would tax everyone into oblivion, and now we see how correct he was

TalkTV

[johnwise] 21/11/2024 08:25

Property firms dented by a sharper-than-expected hike in inflation


Housebuilders listed on the FTSE 100 have taken a notable knock following a sharper-than-expected rise in inflation last month.

Vistry, Berkeley and Persimmon were among those to be adversely affected by the 2.3% CPI inflation reading for October, led a raft of economists to suggest interest rates will not be cut again next month.

Concerns over the impact of this on mortgage rates, and subsequent demand in the property market, therefore weighed on the sector’s stocks.

Chris Beauchamp, chief market analyst at IG, said: “Tuesday afternoon’s recovery in stock markets has been waylaid by news that Ukraine has now used British missiles against Russian targets, while tech stocks have been further hit by some pre-Nvidia earnings nerves.

“Now that the initial post-election euphoria has faded, it is clear that markets are struggling for a catalyst to provoke a new rally.”

“The Bank of England was also already expecting headline inflation to average 2.4% in the fourth quarter of this year when the MPC cut rates earlier this month.

“Nonetheless, today’s news will add to nervousness about the outlook for inflation in the first half of next year, when the main impact of the increases in taxes and other business costs in the Budget will kick in.

[johnwise] 21/11/2024 08:14

The Daily Express

By Harvey Jones

Labour declares war on UK economy - brace yourself for 2025 recession


Has any new administration wreaked as much economic chaos and destruction in as short a time as Keir Starmer's Labour?

Just about everything Starmer and chancellor Rachel Reeves have done since winning the election on July 5 has backfired at speed. Just wait until Energy Secretary Ed Miliband gets going.

Within days of taking power, Starmer and Reeves sunk the tentative UK recovery, by talking down the economy and talking up the £22billion “black hole” they claim to have found in the nation’s accounts. Which suddenly became £40billion.

The UK's lords of chaos triggered widespread panic by threatening a barrage of tax hikes and spending cuts in the Autumn Budget on October 30.

Businesses ceased investing and hiring. Consumers stopped spending. Landlords raced to sell buy-to-lets while wealthy foreign entrepreneurs booked their flights.

The result? Starmer had promised a “laser-like focus” on getting the economy growing but instead zapped it dead almost instantly.

In the first three months on Labour’s watch, from July 1 to September 30, GDP grew by a meagre 0.1%.

That was down from a brisk 0.7% in the first quarter and 0.5% in the second.

Labour instantly turned the UK from the top performing country in the G7 to the second worst. In just three months.

The economy actually shrank by 0.1% in September. If it continues to shrink in the final quarter, we're on course for a technical recession in 2025.

All this is down to what Labour did before the Budget. Afterwards, all hell broke loose.

[johnwise] 21/11/2024 07:52

Public sector pay deals help drive up UK borrowing


Government borrowing was much higher than expected in October, as debt interest payments hit a record high and public sector pay rises contributed to higher spending.

Borrowing - the difference between spending and tax take - stood at £17.4bn last month, the second highest October figure since monthly records began in 1993.

The borrowing figures are the first to be released since Chancellor Rachel Reeves' first Budget last month.

"October’s disappointing public finances figures underline the fiscal challenge that the chancellor still faces," said Alex Kerr, UK economist at Capital Economics.

Jessica Barnaby, deputy director for public sector finances at the Office for National Statistics (ONS), which produced the figures, said: "Despite the cut in the main rates of National Insurance earlier in 2024, total receipts rose on last year.

"However, with spending on public services, benefits and debt interest costs all up on last year, expenditure rose faster than revenue overall."

[johnwise] 21/11/2024 07:35

Recruiters believe that companies are looking to relocate jobs overseas to manage the "triple whammy" of rising National Insurance contributions.

Rachel Reeves sparks jobs panic as 'tens of thousands' risk being moved abroad

[johnwise] 21/11/2024 07:04

We are world leaders, in a race to the bottom. How can this government not understand that economic growth relies on cheap and abundant energy? You can't enforce alternatives when the economy is struggling. No one else is doing it for this very reason.


UK Considers $10-Billion Fund to Help Net-Zero Power System Goals

The UK’s energy regulator Ofgem on Wednesday launched a consultation on a proposal to set up a new investment fund of up to $10.1 billion (£8 billion) that would help energy transmission owners to fast-track projects and control costs.

Ofgem’s consultation, which runs until December 18, is on a new investment fund worth between $6.3 billion (£5 billion) and $10.1 billion (£8 billion), also as part of a push to “beat other nations to attract international investment in the drive to net zero,” the regulator said in a statement.

[johnwise] 21/11/2024 00:20

21 Nov 2024 Grainger plc (GRI) FINAL RESULTS

21 Nov 2024 CMC Markets (CMCX) INTERIM RESULTS

21 Nov 2024 Jet2 (JET2) INTERIM RESULTS

21 Nov 2024 Halma (HLMA) INTERIM RESULTS

21 Nov 2024 Close Bros (CBG) TRADING ANNOUNCEMENT

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[johnwise] 20/11/2024 23:12

Fears China could be behind Baltic Sea cable 'sabotage' as navy on high alert


German Defence Minister Boris Pistorius believes Russia poses not just a military but also a hybrid threat, wit the damage to the two cables "a very clear sign that something is afoot".


The Danish navy is keeping tabs on a Chinese ship in the Strait of Kattegat days after the severing of telecommunications cables running from Finland to Germany - with one analyst claiming it may even have been boarded.

Speaking on Tuesday, Boris Pistorius, Germany's defence minister said officials were working on the assumption that damage to two data cables under the Baltic Sea, one of which ends in Germany, was caused by sabotage - though he said they have no proof at present.

[johnwise] 20/11/2024 23:06

Fox Business

Trump is setting America up to ‘hit the ground running’ in January

[johnwise] 20/11/2024 22:53

VIDEO

“Labour Bringing Back Pensioners Freezing To Death” | 50,000 More Pensioners Pushed Into Poverty

TalkTV

[johnwise] 20/11/2024 22:24

VIDEO


Will Rachel Reeves Resign?

Mahyar Tousi

[dope007] 20/11/2024 21:52

Bunch of absolute morons

[johnwise] 20/11/2024 21:44

Ford To Cut 4,000 Jobs in Europe, Cites Weak EV Sales and Economic Pressures


Ford Motor Company has announced plans to cut 4,000 jobs in Europe and the U.K. by the end of 2027, attributing the decision to sluggish electric vehicle (EV) sales, economic pressures, and Chinese competition in the automotive sector. The automaker said most layoffs would occur across their two German plants.

Of the total job cuts, 2,900 positions will go in Germany, 800 in the U.K., and 300 in other parts of Europe. Ford, which employs 28,000 workers across Europe, is restructuring to align with changes in the auto industry as it pivots toward cleaner technology.

Ford faces intensified competition from subsidized Chinese EV manufacturers, who are gaining market share in Europe.

Read more at:

[stonedyou] 20/11/2024 16:08

Storm Shadow Missiles Attacked Russian Kursk Region

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According to preliminary reports, the Armed Forces of Ukraine launched another strikes with NATo missiles on the Russian territory. On November 20th, Ukrainian strikes with Storm Shadow missiles in the war-torn Russian Kursk region.

Russian military sources reported that the attack took place at about 3 p.m. local time. Up to 12 Storm Shadow missiles were reportedly fired. Their fragments were found near the village of Maryino. The village is located west of Rylsk in the Russian rear.

Storm Shadow Missiles Attacked Russian Kursk Region

The video reportedly shows the attack:

The footage from the area shows damage to civilian apartment buildings. Any details about the damage are yet to be revealed.

This is at least the second attack on the Russian rear territory with NATO missiles. On the night of November 19th, the US-made ATACMS missiles targeted Russian Bryansk region. LINK Today, The Times reported that Washington lifted its ban on the use of Storm Shadow missiles for strikes deep into Russia.

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[johnwise] 20/11/2024 15:38

Prime Minister's Questions (PMQs) - 20 November 2024

UK Parliament

[johnwise] 20/11/2024 10:30

VIDEO

Fox Business

Larry Kudlow: Trump nominee Howard Lutnick has a 'tremendous success record'

Larry Kudlow