Lloyds Banking Share Discussion Threads

[maxk] 20/4/2020 23:27

WTF is going on? (Min) and quite right!



Exclusive: Millions of pieces of PPE are being shipped from Britain to Europe despite NHS shortages

Last week five million surgical masks and more than a million respirators were packed on to EU-registered lorries by one UK wholesaler

By
Bill Gardner
20 April 2020 • 9:06pm



The companies say their offers of help have been repeatedly ignored by the UK Government


Millions of pieces of vital protective equipment are being shipped from British warehouses to Germany, Spain and Italy despite severe shortages in this country, The Telegraph can disclose.

Lorries are being packed with masks, respirators and other PPE kit before heading back to supply hospitals in the EU, it has emerged.

On Monday night, UK firms said they had “no choice” but to keep selling the lifesaving gear abroad because their offers of help had been repeatedly ignored by the Government.

It comes as the Government faces growing criticism over the PPE crisis with hospitals close to running out of critical equipment, and doctors forced to choose between exposing themselves to the virus or “letting a patient die on their watch”....

[alphorn] 20/4/2020 23:21

So 4 people in #130 are saying short sterling. They may be right.

[diku] 20/4/2020 22:46

Even futures shares should trade below zero...

[xxxxxy] 20/4/2020 21:56

PPE.Forward policy.Made and produced in UK. First.Learn the lessons.Not Made in China.Not Made in EUSSR.No Deal

[alphorn] 20/4/2020 21:51

The US companies may be able to write off much of the debt under Chapter 11. The problem then shifts over to the funds and banks; and from the funds to the banks as well who may end up holding the (empty) parcel.

[patientcapital] 20/4/2020 21:47

Re. the oil situation:"Many oil companies took on too much debt during the good times. Some of them won't be able to survive this historic downturn. In a $20 oil environment, 533 US oil exploration and production companies will file for bankruptcy by the end of 2021, according to Rystad Energy. At $10, there would be more than 1,100 bankruptcies, Rystad estimates. "At $10, almost every US E&P company that has debt will have to file Chapter 11 or consider strategic opportunities," Abramov said." - CNN

[patientcapital] 20/4/2020 21:46

Heard that on the news yesterday. Everything seems slightly detached from reality just now.Panorama earlier - let's just hope all the sunbathers and other idiots take note.

[minerve 2] 20/4/2020 21:40

Millions of pieces of vital protective equipment are being shipped from British warehouses to Germany, Spain and Italy despite severe shortages in this country, The Telegraph can disclose.

Lorries are being packed with masks, respirators and other PPE kit before heading back to supply hospitals in the EU, it has emerged.

On Monday night, UK firms said they had “no choice” but to keep selling the lifesaving gear abroad because their offers of help had been repeatedly ignored by the Government.




"ignored by the government"???????

WTF is going on?

[minerve 2] 20/4/2020 21:01

Alphorn

Couldn't believe it when it was reported on C4 news. We should have purchased a few old empty tankers a few months back. :)

[oapknob1] 20/4/2020 20:33

Minus USD 37.

[alphorn] 20/4/2020 20:23

US oil price below zero for first time in history. Benchmark collapses to unprecedented low as coronavirus slump leaves traders trying to clear unwanted crude.

Serious stuff.

[aljm] 20/4/2020 20:12

Gemma O'Doherty and John Waters launch High Court proceedings claiming Covid-19 laws are unconstitutional comes up tomorrow, lets see what happens..... another one coming up in the UK as well

[az209] 20/4/2020 20:01

I seem to remember a few years ago, some "expert" said we will never see oil under $100 again.

[alphorn] 20/4/2020 19:56

Last week it was a 'good buy' - today 'goodbye' to your money.

There will be some very big winners - and some very big losers.

[crossing_the_rubicon] 20/4/2020 19:44

GBH2

"The Industry still thrives, but the Good Jobs are no longer in this Country"

Because the managers got greedy.

No point having loads of low paid filling a large section of the workforce in a country consumption led.

The crisis we now face was one we faced in 2008..We merely kicked the can down the road and the debt crisis is magnified. And it is going to be brutal.

So many people dont realise the mess this country,and much of the world is in.

[alphorn] 20/4/2020 19:43

Meanwhile in the real world the oil price has totally collapsed - where will this run in the financial community?

The US oil price benchmark has crashed 95% to 90 cents a barrel as traders scrambled to sell the West Texas Intermediate futures contract before its expiry tomorrow.


edit: price now running negative!!!

[aljm] 20/4/2020 19:41

Interesting, might be a case going to court to see if this Lockdown is actually lawful, some high up QC's are now saying it might not be......

[stonedyou] 20/4/2020 19:38

Oil price plummets to MINUS territory sending shockwaves through stock markets

THE price of oil has plunged below zero as the coronavirus pandemic continues to blow huge holes in the global economy

[crossing_the_rubicon] 20/4/2020 19:32

"maxk20 Apr '20 - 13:11 - 301093 of 301116
Smiler Branson, who is the UK’s seventh richest person with an estimated £4.7bn fortune. Yet wants tax payers money to save his pet airline .. is this fun week or what?"


Branson should get a bailout...

Only when he has spent his £4.7bn bailing out his own companies. Only when he is penniless should he get a bail out.

[jl5006] 20/4/2020 17:37

What is this all about
deferring divis til ???
What are PRA & new BOE chiefs doing to screw the investors propping up the establishment.
Taking shares instead.
Meddling by numpties will be the death of this country - as is Sofie Ridge and Peston et al have not totally destroyed
Why pay Sky - for what - why pay BBC - for what.

[pawsche] 20/4/2020 17:18

@diku - 20 Apr '20 - 12:55 - 301089

Sir Richard Branson has said he will put his private Caribbean island up as a collateral in his attempt to persuade the UK government to save his Virgin Atlantic airline from going bust.

It might be worth checking the veracity of that story... It was originally published on April 1st. :-)

[xxxxxy] 20/4/2020 17:15

Tonight's tea-time readingWELCOME again to the Brexit-watch.org tea-time recommendation for everything Brexit-related.As we begin a new week, please find attached today's articles for your enjoyment.These shall be quick prompts to keep you in the know, so relax and read on..The brexit-watch team. Brexit-watch.org?If we are on a road to nowhere can we change direction please?- by Jonathan SaxtyTHE UK IS FACING its greatest economic setback in over 300 years. According to Britain's Office of Budget Responsibility (OBR), the fallout from the Coronavirus shutdown could be a 35% economic contraction... read more... Brexit-watch.org?What can we learn from diving deeper into fishing statistics?- by Neil StrattonTHE FIGURES used in most of my articles in this series are average annual landings for the years 2010 to 2016. The reason for this choice of years is that 2010 is the first year for which the 2017 data call of the... read more...

[ladeside] 20/4/2020 17:05

Yes, I'd agree patient. A nice wee trump filled Rally last week but as you say the markets are living in cloud cuckoo land just now. That said, anything in the 20's here is a good long term play with little downside.

[patientcapital] 20/4/2020 16:48

Did you read Peter Hargreaves' comments in the Sunday Mail yesterday, Ladeside? Like some of us he does not believe this market has yet found the bottom.There will be partial unlocks followed by further lockdowns as the virus is released and squeezed again. Early days I'm afraid.World governments would have done well to have explained in words of one syllable how viruses work on day one.