Lloyds Banking Share Discussion Threads

[poikka] 28/6/2019 20:42

"The EU and South American economic bloc Mercosur have clinched a huge trade deal after 20 years of negotiations.

The two parties began negotiating in 1999 but talks accelerated after US President Donald Trump's election in 2016 (Ahem, nothing at all to do with Brexit then, BBC??). As a result EU-US talks were frozen.

The EU has also concluded trade agreements with Canada, Mexico and Japan since Mr Trump's election" (Ahem, Brexit, BBC??).

Didn't take 'em long when they saw the writing on the wall!

[mr.elbee] 28/6/2019 20:37

How interesting,Ladeside..You are way ahead of me..I used to teach east Europeans and thought they were great..good sense of humour and,as you say,normal.

It really is finished here completely , there will be no way back to normality because so many of the young are now abnormal, and the elite are off the scale.

To an old Brexiteer like me, where would you recommend for an escape plan? I swim in the sea 5 months of the year , but don't like too much heat..lakes are good.. I shall check out your Polish beach suggestion.
Many Thanks in advance.

I speak a bit of French and German .Any use over there?

[grahamite2] 28/6/2019 20:02

Jacko writes some good stuff on other threads.

On an American non-investment site I used there was a chap with a fanatical hatred of Jews and Britons. But if you ignored that, he was a very acute analyst of the American political scene.

[alphorn] 28/6/2019 19:45

Grahamite - have just peaked. Friends again.

Jacko writes some good stuff on other threads. Lloyds has an effect on people. ;)

All this job trimming around the patch does not bode well. It may all hold together until the end of the year? What do you think?

[grahamite2] 28/6/2019 19:26

Are we friends again Alphorn?

I really don't know what I did to deserve your extreme ire, especially when you're happy to read posts from jacko which go way, way beyond anything I've ever written.

[freddie01] 28/6/2019 19:23

BASF Plans to Cut 6,000 Jobs as Demand for Chemicals Slows

BASF SE plans to cut 6,000 jobs worldwide in the face of a slowdown in demand for chemicals, with the German manufacturer unveiling the headcount reduction on the same day as Ford Motor Co. said it would eliminate a fifth of its workforce in Europe.

BASF’s trimming of about 5% of the payroll -- half at home in Germany -- will generate savings of 300 million euros ($341 million), the Ludwigshafen-based company said in a statement on Thursday. The shares gained 1.6% in Frankfurt.

The overhaul at BASF came on the heels of Ford’s announcement of job cuts aimed at tackling falling sales in the region and weak profitability. The moves underscore a drop in June of Euro-area economic confidence to its lowest level since 2016 as deepening trade tensions and a more cautious outlook for the global economy weigh on business and consumer sentiment.

BASF’s decision also comes at a time when demand for chemicals is falling at a range of industries from cars to electronics. Earnings at chemical producers including HB Fuller Co. and LyondellBasell Industries NV have already revealed weaknesses in sectors like coatings and plastics.

The BASF job cuts are part of Chief Executive Officer Martin Brudermueller’s plan to boost earnings by 2 billion euros through a simplification of the world’s biggest chemicals company. He also plans to sell more higher-margin products rather than simply delivering barrels of basic chemicals.

Changing Culture

In addition to the cuts, BASF also plans to make 29,000 jobs more flexible through the deployment of engineers, digital experts and other employees to different sites or business units when needed. The modification represents a sweeping change to BASF’s work culture, where personnel have traditionally been assigned to specific units.

Talks on a labour deal at BASF’s flagship chemical complex in Ludwigshafen will get underway earlier than planned, the company said. German engineering giant Siemens AG is also eliminating jobs in the country at its power division, having undertaken months of negotiations with labour unions to hammer out a deal.

[gaffer73] 28/6/2019 19:15

Good question. I'm steadily building a large stake here for a long term hold. Looking forward over the next few years I believe this will be 80p+ but I'm also attracted by the divi. Monthly movements don't concern me so I'm not bothered about the Brexit effect. If you are looking for the bottom though you might want to wait until afterwards.

[maxk] 28/6/2019 19:04

Deutsche Bank may cut up to 20,000 jobs in radical revival plan



Lucy Burton, banking editor
28 JUNE 2019 • 5:37PM


Deutsche Bank is weighing up plans to slash up to 20,000 roles after vowing to make "tough cutbacks" at its shareholder meeting last month.

Sources told the Wall Street Journal on Friday that the German bank, which has more than 90,000 staff and is one of the City's biggest employers, is debating whether to cut between 15,000 and 20,000 jobs worldwide.

The cuts, if they go ahead, will come as a blow to staff who only recently breathed a sigh of relief when the bank walked away from merger talks with German rival Commerzbank, a tie-up which unions said would have resulted in up to 30,000 job cuts.



more:

[jacksonse] 28/6/2019 18:57

I am here to gain from Lloyds. Gaffer do I buy or sell?
John

[alphorn] 28/6/2019 18:53

Kate Ford from Coronation Street?

[grahamite2] 28/6/2019 18:44

and she is a remainer.

Who - Ford? Germany? Not at all clear on the point you're making.

[patientcapital] 28/6/2019 18:40

Not much comment about Ford sacking 12000 people in Europe including 5000 in Germany and she is a remainer.

[gaffer73] 28/6/2019 18:08

There is more to Brexit than personal gain. It is about the future of our country and the people who rule it. But to answer a stupid question, my own personal improvement following Brexit will be not having to listen to remainers.

[poikka] 28/6/2019 17:32

To clarify Grumpy's 064..

"Horta-Osorio sold 374,554 shares at 56.6 pence each, equating to GBP212,000. Following the sale, he owns 27.9 million shares in Lloyds, worth GBP15.8 million.

Lorenzo sold 2.8 million shares at 57.23 pence each, equating to GBP1.6 million. He now owns 9.3 million shares in the bank, worth GBP5.3 million."

Probably off for a beach holiday in Poland.

[alphorn] 28/6/2019 17:22

More high street woes as the US owner of Boots has confirmed that a store closure programme will affect around 200 locations.

It is unclear how many jobs will be affected by the move. It's the latest in a long line of big names to report store closes or job losses.

Highlights the risks of foreign ownership.

[minerve 2] 28/6/2019 17:13

OK, give us some examples of large Northern infrastructural investment.

We can name a smorgasbord of London projects.

[smartypants] 28/6/2019 17:10

Current share price is becoming a permanent disappointment.

That's the kind of information that warrants its own thread!

[poikka] 28/6/2019 17:10

Oh come off it, Ladeside, the Cabinet is comprised of MPs from all parts of our country, not to mention the PM of the day. You wrote that piece of totally unsubstantiated nonsense to suit your own agenda.

[alphorn] 28/6/2019 17:06

"Current share price is becoming a permanent disappointment"

Some of the posts above explain why.

I am surprised that you are surprised.

[smartypants] 28/6/2019 16:46

The Grumpy Old Men..
Strange that they would choose to sell at such a low price..?
Perhaps they had not read that:
The basic business fundamentals are of far more significance.... today’s political landscape and its short term impact is hardly worth the energy being spent on it.