Legal & General Share Discussion Threads

[netcurtains] 05/4/2024 19:44

arichardson: you dont meet poor brokers..... You sometimes meet poor clients of brokers.
City brokers etc etc are all over paid - by miles - for doing more or less nothing.

[rongetsrich] 05/4/2024 19:03

Trev, all good mate? You are too quiet, are you tempted here or anywhere else yet?

[tornado12] 05/4/2024 16:19

50% more than consensus so from that point of view it’s hot ! Unfortunately UK remains in Ice Age and I fear our BOE bods will still wait to cut until US cuts independently of our economy. The irony is if we cut first can only increase again the funds moving across the pond. We are certainly not in the driving seat GLA

[eurofox] 05/4/2024 14:43

More full time jobs lost and many more part-time non-jobs created - thanks to all the illegal immigrants - does this really sound like a hot number?

[jubberjim] 05/4/2024 14:24

William

Ok thanks very much

Eyes down

Good luck

[williamcooper104] 05/4/2024 13:53

Out 303k v 214 expected Cable kicked

[jubberjim] 05/4/2024 13:52

By the way at what time will we know the non farm payrolls ?

[jubberjim] 05/4/2024 13:50

So not much different from us apart from the fact that the Dow and its associated indexes remains bouyant while we are mired down by the mediocrity of our government and financial arbitrators

[geckotheglorious] 05/4/2024 11:37

Tag57
I'm surprised at the robustness of US economy - but then again they are spending $1trillion every 3 months. #pumppriming

Many of the jobs are low paid, with people having multiple jobs just to get by.

So all is not as rosy as it seems imo.

[tag57] 05/4/2024 11:09

Gtg, supposedly he is one of the more hawkish members of the Fed. Although, the US economy appears to be much more robust than the UK or EU (although USGovt spend seems the main driver) so would have thought UK / EU will be forced to cut IR before the US.

[cwa1] 05/4/2024 11:03

Meanwhile, we probably all think LGEN will survive :-))

[skinny] 05/4/2024 10:57

A few hours old now but :-

[geckotheglorious] 05/4/2024 10:54

Suspect his put the cat amongst the pigeons CWA1

US
Minneapolis Fed chief Neel Kashkari said Thursday that there was a chance of no reductions this year, calling inflation figures in January and February "a little bit concerning" and adding that he wanted to see more positive data.

For Dow falling.
And UK markets falling this morning

[cwa1] 05/4/2024 10:37

TBF I think the 2% down today is SLIGHTLY more understnable given the Dow plummeted almost 600 points subsequent to our market close. But no, as ever, it doesn't mage a huge amount of sense...

[srichardson8] 05/4/2024 10:27

No fund managers pay brokers anything like the 1.65% quoted above. That would be approximately 30 years ago. Simple competition eroded institutional dealing charges years ago, to well below 1%, then the deadly (for brokers) Mifid 2 further decimated insitutional brokers incomes. The 'burden' was placed on fund managers to assess the usefulness of the research provided by brokers, their (weakening) ability to provide 'corporate access' (i.e. private meetings) and the dealing ability of the broker. Payment is made in time tranches and is way below the revenues that institutional agency broking provided years ago. Agency broking to institutions just isn't (largely) profitable any more. Thus brokers themselves have followed the US model of expanding their own fund management arms and, especially, trading on their own account and specialising in block trading. Very large deals at very low rates. Look at the RNS on any take-over deal, for instance DS Smith right now.
I know this is quite different from the private investor model but the idea that brokers are raking it in from straight share buying and selling for institutions is rubbish.

[fionascott1234] 05/4/2024 10:08

What have we done to deserve a 2% filip DOWN this morning?The Lord giveth and the Lord taketh away.

[chiefbrody] 05/4/2024 09:38

Added a few more into the ISA before the deadline tonight. See what happens this afternoon and the run up to Ex div brings in the coming weeks.

[marktime1231] 04/4/2024 13:39

A boost across the financial sector I think from signs confirming that the service economy has returned to growth.

[fionascott1234] 04/4/2024 12:47

2% flip but not to worry it will bleed down by teatime.....

[luderitz] 04/4/2024 12:29

I know Skinny but it breaks up my flow 😃

[skinny] 04/4/2024 12:23

As ever - there's a financial calendar link in the header :-)

[luderitz] 04/4/2024 12:08

Thanks, I’m already in so will sit on my hands I think.

[paulboz] 04/4/2024 11:18

Ex divi 25 aprPays 06 jun

[chiefbrody] 04/4/2024 11:18

Last min rush before the end of the tax year (tomorrow night).

[luderitz] 04/4/2024 11:15

When’s that please?