Lloyds Banking Share Discussion Threads

[careful] 01/2/2020 09:19

Elvis has left the building.
Never seen such optimism and rejoicing.

Let us hope Brexit turns out ok.
I hope so, it would be great if we could pull it off.

I start with the assumption, by any realistic economic measure, that the EU. has been good for the UK.

[maxk] 01/2/2020 08:50

Johnson's Brexit Day address to the nation



Tonight we are leaving the European Union.

For many people this is an astonishing moment of hope, a moment they thought would never come.

And there are many of course who feel a sense of anxiety and loss.

And then of course there is a third group - perhaps the biggest - who had started to worry that the whole political wrangle would never come to an end.

I understand all those feelings and our job as the Government - my job - is to bring this country together now and take us forward.

And the most important thing to say tonight is that this is not an end but a beginning.

This is the moment when the dawn breaks and the curtain goes up on a new act in our great national drama.

And yes it is partly about using these new powers - this recaptured sovereignty - to deliver the changes people voted for, whether that is by controlling immigration or creating freeports or liberating our fishing industry or doing free trade deals or simply making our laws and rules for the benefit of the people of this country.

And of course I think that is the right and healthy and democratic thing to do.

Because for all its strengths and for all its admirable qualities, the EU has evolved over 50 years in a direction that no longer suits this country.

And that is a judgment that you, the people, have now confirmed at the polls.

Not once but twice. And yet this moment is far bigger than that. It is not just about some legal extrication.

It is potentially a moment of real national renewal and change.

This is the dawn of a new era in which we no longer accept that your life chances - your family’s life chances - should depend on which part of the country you grow up in.

This is the moment when we really begin to unite and level up, defeating crime, transforming our NHS and with better education, with superb technology.

And with the biggest revival of our infrastructure since the Victorians. We will spread hope and opportunity to every part of the UK.

And if we can get this right I believe that with every month that goes by we will grow in confidence not just at home but abroad.

And in our diplomacy, in our fight against climate change, in our campaigns for human rights or female education or free trade we will rediscover muscles that we have not used for decades. The power of independent thought and action.

Not because we want to detract from anything done by our EU friends - of course not.

We want this to be the beginning of a new era of friendly cooperation between the EU and an energetic Britain, a Britain that is simultaneously a great European power and truly global in our range and ambitions.

And when I look at this country’s incredible assets, our scientists, our engineers, our world-leading universities, our armed forces, when I look at the potential of this country waiting to be unleashed I know that we can turn this opportunity into a stunning success.

And whatever the bumps in the road ahead I know that we will succeed.

We have obeyed the people. We have taken back the tools of self-government.

Now is the time to use those tools to unleash the full potential of this brilliant country and to make better the lives of everyone in every corner of our United Kingdom.

[maxk] 01/2/2020 08:39

Britain handed £1 billion bill by European Commission on Brexit Day
The demand for payment was sent to the UK embassy to the EU and has been notified to the British government

By
James Crisp,
BRUSSELS CORRESPONDENT
31 January 2020 • 10:00pm




The European Commission has issued Britain with a bill for £1.09  billion on the very evening that it finally left the EU.

Every year Brussels recalculates the contributions member states make to the EU Budget. This year, due to an increase in Gross National Income and VAT contributions, EU officials believe Britain owes an extra €1.09  billion.

The demand for payment was sent to the UK embassy to the EU and has been notified to the British government.

EU sources said the bill was for the period of 2019-20. Britain’s payment to Brussels for 2019 was nearly £9 billion pounds. If the figure is similar in 2020, it could mean Britain pays up to £10 billion in what could be its penultimate payment to the EU....



More:

[utrickytrees] 01/2/2020 08:13

Good old Wetherspoon's first to stick the boot in lol

He switched Jägermeister for an English herbal liqueur called Strika, replaced French Champagne with British and Aussie sparkling wine and French brandies Aussie brand Black Bottle or US best-seller E&J Brandy

[xxxxxy] 01/2/2020 07:47

Brexit flop? More like Brexit cop! IMF puts UK ahead of Eurozone as fear mongers shamedDaily Express

[xxxxxy] 01/2/2020 07:46

Bore da UK

[jordaggy] 01/2/2020 04:43

Global markets sink on slowing growth, coronavirus fears; Dow drops 603
Econ
Feb 01. 2020

Sorry about the formatting, but worth a read.

By The Washington Post · Taylor Telford, Thomas Heath
Stock market volatility returned on Friday as the spreading coronavirus that has brought China to a standstill fanned fears the epidemic will escalate into a global social and economic calamity.
The Dow Jones industrial average fell 603 points or 2%, wiping out January's gains and launching the blue chips on their worst start since 2016. The Dow closed at 28,255. The Standard & Poor's 500 index and Nasdaq composite closed down 1.77 and 1.59%, respectively.Stocks were hit from several sides. Delta Air Lines and American Airlines joined United and a large group of European carriers in suspending all service to China, as demand for service plummets and officials scramble to contain the spread of the disease.On Thursday, the World Health Organization declared a public health emergency, after declining to do so the previous week. The pneumonia-like virus has infected more than 9,900 people in China and killed 213 and is spreading. The national Centers for Disease Control and Prevention reported the first person-to-person transmission of the virus in the United States, as the husband of a woman who contracted the virus in Wuhan was diagnosed with the illness. The United Kingdom and Russia both reported their first cases Friday.The deadly coronavirus presents a threat to the global economy, as it paralyzes China's workforce and dampens its powerful manufacturing industry. It is forcing global firms with roots in the country to freeze operations and seek ways to reorient supply chains."There is a growing recognition that the coronavirus contagion is worsening, with more travel restrictions and the number of infected already exceeding the total infected by SARS," said Kristina Hooper, chief global market strategist for Invesco.From an economic perspective, the outbreak's timing is especially punishing, dragging down growth prospects and taking a bite out of corporate earnings just when investors had hoped for a boost after the truce in the U.S.-China trade war. A Chicago report showing the weakest manufacturing in five years added to market woes on Friday.The Dow and the S&P both finished January in negative territory. The Nasdaq is still up a comfortable 2% on the year, thanks to the big technology stocks that have propelled the last several years of the bull market.The big U.S. energy companies, already hit by low oil prices due to oversupply, were the biggest drags on the Dow Jones industrial average Friday. Exxon Mobil and Chevron finished down 4% each, hitting 52-week lows after reporting disappointing earnings on Friday. Oil prices are expected to decline further due to a slowdown in demand from the economic implications of the coronavirus."The market's worry is all about consumer demand," said Scott Wren, global equity strategist at Wells Fargo Investment Institute. "If people stay home and don't go out and spend money, economic growth will really get hit."China's markets are closed for the extended holiday, but Hong Kong's Hang Seng Index fell 0.5%. Europe's benchmark Stoxx 600 index closed at a loss of 1%. Britain's FTSE 100 was off 1.3% on the long-awaited official day of Brexit.The tumult ushered U.S. markets' worst week of trading in 2020, a disappointing end to what otherwise had been a strong January that brought the Dow Jones industrial average within striking distance of 30,000. Ten of 11 S&P sectors finished in the red, with energy the biggest drag. Growth in the euro zone softened significantly last year, fresh economic data showed Friday, expanding just 1.2% in 2019, its lowest level in six years. Experts say the slowdown is tied to a weakening manufacturing sector and strife in the automobile industry, further complicated by global trade tensions.U.S. economic growth dropped to its slowest pace since 2016 in 2019, the Commerce Department reported Thursday. The slowdown defies claims from the Trump administration that stimulus from the 2017 tax bill, which yielded big cuts for corporations and households, would lead to 3% GDP growth. Despite a 2.1% rise in fourth-quarter GDP, growth for the full year was 2.3%, compared with 2.9% in 2018 and 2.4% in 2017.Consumer spending rose slightly, at 0.3%, in December, the Commerce Department reported Friday, while incomes inched up 0.2% and inflation picked up 0.3%."Consumers are not as positive as they were in the middle of 2019 and are sitting on their wallets as the year came to a close, which draws a great big question mark over the 2020 economic outlook," Chris Rupkey, chief financial economist at MUFG Union Bank wrote in a note to investors Friday. "Business investment spending on equipment and structures are declining which doesn't suggest companies think consumer spending will be all that red hot in 2020 and this is before the China virus has spread ... generating uncertainty that will keep the consumer at home instead of taking those trips to the mall that the economy sorely needs to keep growing."Goldman Sachs in a research note on Thursday predicted the coronavirus will somewhat stifle U.S. economic growth in the first quarter. The investment firm said that a bigger outbreak in the United States could pose a significant risk to consumer spending and business activity. But in an interview with Fox Business on Thursday, Commerce Secretary Wilbur Ross claimed that the lethal virus could "help" the U.S. economy as businesses seek alternatives to China because of the health risks."I think it will help accelerate the return of jobs to North America," Ross said.Experts have been exploring the 2003 SARS outbreak to weigh the potential economic impact of the coronavirus. A 2004 study from The Brookings Institution, Korea University and the Australian National University estimated that the outbreak delivered a $40 billion hit to the global economy; that would amount to about $56 billion today, adjusting for inflation.Starbucks earlier this week shuttered more than 2,000 locations - more than half its stores in the country - and McDonald's and KFC have also announced closures. Google closed its five offices in mainland China, Hong Kong and self-governing Taiwan. The airline industry has been hit particularly hard, and on Friday Delta and American Airlines joined a large group of European airlines in suspending all flights to China. Delta's shares sank 2% and American Airlines' shares fell more than 3%.Technology giants Apple, Microsoft and Amazon delivered blockbuster earnings beats this week. But their success was not enough to rescue markets from Friday's plunge over fears that the coronavirus was rapidly spreading across the planet. Moody's analysts predict the virus will eat into Apple's profits in the first quarter as the company freezes operations and looks to supply chain alternatives. Apple's shares fell 4.4% on the day. Microsoft closed down 1.5%. Amazon.com was up 7.4%. Washington Post owner Jeff Bezos is the founder and chief executive of Amazon."Though its current offerings appear to be popular in China, if the epidemic endures and causes a sustained weakening of economic activity, there could be material impacts to Apple's performance over an extended period," Moody's analysts wrote in a report Thursday. "Apple's large product-centric and consumer oriented sales make it susceptible to sharp swings in demand."The virus scare has brought volatility back to the markets. Stocks moved 1% last Monday for the first time since October and then again on Friday. "It's not a free-for-all, and not a panic," said Howard Silverblatt of S&P Dow Jones Industries. "A pullback was expected. The virus has been the trigger. The question is how long does the virus scare continue and how much it impacts global supply chains."Ivan Feinseth of Tigress Financial partners sees the virus scare as a potential opportunity for investors."History has shown that any selloffs in stocks driven by health scares have been short-lived and did little to change the upward ascent of stocks in the past," Feinseth said. "The S&P 500 gained 31% in 1997 even in the face of a combination of the Avian flu epidemic, the Asian financial crisis, the Russian sovereign debt default, and the collapse of Long-Term Capital Management."But there are signs that the outlook for 2020 could be less robust than in the past three years. Caterpillar, a bellwether for the global economy, beat earnings estimates but reported an 8% decline in revenue year-over-year, citing "global economic uncertainty." Its shares were down 3%."We expect continued global economic uncertainty to pressure sales to users in 2020 and cause dealers to further reduce inventories," Chief Executive Jim Umpleby said in a statement.

[k38] 01/2/2020 00:54

I agree to this too on the second part. if they can't be independent with news stop reporting them."SR, not the whole BBC. Cut the news section by 75%, but keep the radio stations. Still excellent. Peerless, even.On second thoughts, cut the news by 100% and divert the additional 25% savings to music and local items..."

[sentimentrules] 01/2/2020 00:30

Fair comment. Good distribution

[psychochopper] 01/2/2020 00:25

SR, not the whole BBC. Cut the news section by 75%, but keep the radio stations. Still excellent. Peerless, even.

On second thoughts, cut the news by 100% and divert the additional 25% savings to music and local items, such as village fêtes and travel reports. You cannot really introduce bias and "woke" into that. Can you?

[sentimentrules] 01/2/2020 00:20

Bbc should be shut down. Not be a use of Brexit. It's generally just a waste of money because of influence on most reporting

[k38] 01/2/2020 00:13

BBC, like labour, never learn.. still on it's old tricks when comes to politics and Europe.

[mitchy] 01/2/2020 00:09

DOW off 600+ points .

[mitchy] 01/2/2020 00:07

There's a big question over how much c virus is going to impact the markets. It seems to be less deadly than most flu strains and only a little more infectious . A vaccine is said to be 8 weeks away .China are taking it very seriously but I wonder if they are over doing it. The threat seems to be more about a possible mutation rather than the current strain. Many of the U.K nationals seen going into isolation weren't even wearing masks. It's said to be only deadly to 'vulnerable ' people . The old and people with a weakened immune system.

[crossing_the_rubicon] 31/1/2020 23:57

Who's having a mental breakdown?

The board's resident MILLIONAIRE!!!!

Guffaw....

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