Barclays Share Discussion Threads

[johnwise] 12/7/2024 15:41

US Wholesale Inflation Rises in June, Challenging Fed's Rate Cut Plans


Wholesale prices in the United States rose more than anticipated in June, indicating that some inflationary pressures persist despite recent signs of easing.

The Labor Department reported that the Producer Price Index (PPI) increased by 0.2% from May to June, surpassing economists' expectations of a 0.1% rise. On a year-over-year basis, wholesale prices were up 2.6%, marking the sharpest increase since March 2023.

[portside1] 12/7/2024 14:59

That's if they buy 10m a day

[portside1] 12/7/2024 14:51

Barcs to complete buyback by the end of month

[smurfy2001] 12/7/2024 14:32

Good Morning Everyone! U.S. banks kick off earnings season with beats across the board:

- JPMorgan: EPS of $4.40 vs $4.27 expected. BEAT ✅

- Wells Fargo: EPS $1.33 vs $1.28 expected. BEAT ✅

- Citigroup: EPS $1.55 vs $1.39 expected. BEAT ✅

- Bank of New York Melon: EPS $1.51 vs $1.42 expected. BEAT ✅

Next Week: Goldman Sachs, Bank of America, Morgan Stanley.

Expect more beats, dividend increases and share buyback announcements.

Giddy up!

[stonedyou] 12/7/2024 14:23

Putin accuses West of actions resembling 'classic colonialism'

The Russian leader said that the elites of the so-called golden billion countries fiercely resist the efforts of BRICS members to create a multipolar world order


ST. PETERSBURG, July 11. /TASS/. Russian President Vladimir Putin likened the West's use of so-called rules instead of international law to classic colonialism.

Speaking at the BRICS Parliamentary Forum, he gave a description of the behavior of ruling elites in the so-called golden billion countries.

"Acting contrary to historical logic and often even to the detriment of the long-term interests of their own peoples, they are now seeking to establish some kind of order based on their so-called rules, which no one has seen, no one has discussed and no one has ever accepted," Putin stated.

"These rules are written and adjusted anew for each situation in the interests of those who consider themselves exceptional and have conferred on themselves the right to dictate their will to others," the president said. "It’s exactly in the best traditions of classical colonialism."

"This is a clear attempt to replace legitimate international law, an attempt to create a monopoly on the ultimate truth," Putin continued. "Such a monopoly is destructive."

"Pressure is growing on those who have their own position," he went on to say. "Contrary to the principles of international law, what comes into play is forceful coercion, unilateral sanctions, and selective application of trade rules."

Putin said that the elites of the so-called golden billion countries fiercely resist the efforts of BRICS members to create a multipolar world order.

"We are well aware that the establishment of a world order that reflects the real balance of power, the new geopolitical, economic and demographic reality, is a complicated and in many ways, unfortunately, even painful process," the president said.

"Efforts of the BRICS members and other developing countries face fierce resistance from the ruling elites of the so-called golden billion nations," he stated.

[johnwise] 12/7/2024 13:46

Ashmore Group sees £1.6billion pulled from funds as investors remain cautious


Ashmore Group, the asset management heavyweight, has reported a $2billion (£1.6billion) exodus from its funds as wary investors retreat.

The firm, which focuses on emerging markets, attributed the significant outflows to a "subdued" risk appetite among institutional investors. In a recent update, the London-listed company also disclosed investment losses of $400million (£336million) for the quarter ending in June.

[johnwise] 12/7/2024 13:24

Major retailer Carpetright has gone into administration putting all of its 272 stores and up to 3,000 jobs at risk.

The firm has appointed PricewaterhouseCoopers (PwC) as administrators as it looks to secure the long-term future of the company.

[johnwise] 12/7/2024 12:57

Didn't think even Labour could do this much damage in its first week in government.


'The madness continues!' Lee Anderson slams Labour after decision on new coal mine

Lee Anderson has torn into the new Government after it set about damaging Britain’s energy-producing sector with new bans on oil and gas, and pulling support for a new coal mine.

Yesterday, Angela Rayner claimed there had been an “error of law” by the previous Government in granting planning permission for a new coal mine in Cumbria, and she will no longer defend two legal challenges being brought against the decision by two eco groups.

Instead the Government now supports quashing the previous planning permission, despite warnings that as well as killing off potential new jobs it will lead to Britain having to import the coal from abroad instead.

The move was compounded by reports that Ed Miliband is set to ban any new oil and gas exploration in the North Sea, sparking fury in Scotland which will be the most impacted by potential job losses.

[johnwise] 12/7/2024 10:07

Valencia Containerised Freight Index drops in June

These results come in a scenario in which the activity of the maritime sector is marked by the geopolitical situation, but in which an improvement in the world economy is observed.

Thus, in the sixth month of the year, this price index, which is based on export prices recorded by the Port of València in 13 geographical areas around the world, stood at 1,585.67 points, representing a monthly decrease of 1.30 per cent and an accumulated growth of 27.8 per cent since the beginning of the year.

[jackie ladd] 12/7/2024 09:42

Hope this helps

[estienne] 12/7/2024 09:33

JL filtered

[jackie ladd] 12/7/2024 08:49

And only 10% spent thus far

[jackie ladd] 12/7/2024 08:48

The buyback continues til the end of Nov

[jackie ladd] 12/7/2024 08:48

WTAF ARE YOU IN LOON???

[johnwise] 12/7/2024 08:33

With fiasco over smart meters, and the replacing boiler scheme, that they now want to ban. There is also no reasonable planning when there is no decent output from green ideas in winter. I can only assume our politicians have a hidden agenda of making Britain poorer.

Let's face it, would you trust anything a Government Minister says? Just find the best solution for you and your home.


Households will (have) to invest in Green technology -Lefty Carney

Former Bank of England governor Mark Carney is warning that homeowners, including those serving the private rental sector, will have to put money into new greener technology to help the UK meet climate targets.

[smurfy2001] 12/7/2024 08:23

Looks like the current buyback is on pace to complete before HY results. Another 5M buy.

[jackie ladd] 12/7/2024 08:02

First stop 240p before the march towards true value of 325p

[jackie ladd] 12/7/2024 08:02

What a lovely blue week!!!

[jackie ladd] 12/7/2024 08:02

Blue again!!

[johnwise] 12/7/2024 07:42

Labour's oil BAN 'DESTROYS UK's energy independence' while 'LINING the pockets of DICTATORS!' -

Jacob Rees-Mogg