Lloyds Banking Share Discussion Threads

[utrickytrees] 25/8/2020 08:09

Covid 19 deal could have a point.

[xxxxxy] 25/8/2020 06:40

Jaguar the brandBy JOHNREDWOOD | Published: AUGUST 25, 2020I would like Jaguar to succeed as a UK manufacturer and have been worried by recent news reports of poor sales figures and issues over a possible partner. The value of the brand rests in part on the loyal following of past Jaguar owners which they need to consider as they plan their future products.The company needs to ask itself why it is selling so few Jaguars. Did it lose past customers by the way it treated them in its search for a new generation and style of customer?When they dropped the S type and went to the XF they allowed the press to write that they were looking for a new younger breed of Jaguar buyer. To find these new buyers they changed from a car which was clearly part of the Jaguar design heritage in modern idiom, to a vehicle that did not have much Jaguar about it. The shape of the XF was similar to the Vauxhall Insignia which did that design well at cheaper prices. They then decided to make the legendary XJ into a stretched version of the smaller car. Maybe that did not work as they hoped.Did they do some selling down? Were they seeking to get established owners to buy smaller and cheaper variants to boost the sales of newer products?In recent years the Land Rover and Range Rover brands have powered far more sales than Jaguar. There the company has managed to preserve the essence of the old whilst creating cars that are clearly new. They have kept more past customers whilst attracting new ones.I read that Jaguar have decided to delay the entry of their electric XJ Jaguar. I presume they have carried out sales research and decided there are too few potential buyers. They should do a bit more research into what people who have liked the brand in the past might buy, as that could still be a useful reservoir of potential custom.What some like about the brand is its past ability to harness great British design and to produce the cars in a UK factory. Some are not looking for a clone of the great Jaguars of the past, but a modern embodiment of the design inspirations that made past vehicles iconic and distinctive in their day . The theme was Grace, Pace, Space. It is important that when they launch a new car it has some of the flair and brilliance of the E type or the Mark II Sports saloon. They were radical new cars on launch, but they kept alive the tradition of beautiful lines, good performance and a more affordable price than many luxury car competitors. The ageing XF and XJ do need replacement. Bring on a proper Jaguar. We need that to restore the sales. There is no fundamental reason why Jaguar should be so far behind BMW or Mercedes in selling cars.

[covid 19 deal] 25/8/2020 06:36

Warning for shorters l...please dont get carried away...virus lost its power to kill...we might not need vaccine...last 2 months only 6 symptomatic patients...all got well with simple treatment...no one died

[freddie ferret] 24/8/2020 23:20

As reported earlier, about 48,000 Lithuanians formed a 32-kilometre solidarity chain from the centre of Vilnius to the village of Medininkai not far from the Belarusian border on August, 23. The event was attended by Lithuania’s incumbent Gitanas Nauseda, as well as ex-presidents Dalia Grybauskaite and Valdas Adamkus, Foreign Minister Linas Linkevičius, and others. The participants were waving white-red-white national flags of Belarus, holding postesr and balloons.

[utrickytrees] 24/8/2020 22:26

Trudeau's such a Quent.

[freddie ferret] 24/8/2020 21:58

May just be the warmer weather.

[covid 19 deal] 24/8/2020 21:37

Warning for shorters l...please dont get carried away...virus lost its power to kill...we might not need vaccine...last 2 months only 6 symptomatic patients...all got well with simple treatment...no one died

[freddie ferret] 24/8/2020 21:21

Some gold bug?

k38
24 Aug '20 - 21:01 - 313137 of 313137
0 0 0
Someone wants all countries bankrupt.. why? New currency, no debt and a new start.
Whom that can be..... hmmm.

[k38] 24/8/2020 21:01

Someone wants all countries bankrupt.. why? New currency, no debt and a new start. Whom that can be..... hmmm.

[freddie ferret] 24/8/2020 20:28

They seem to want our fish.

[ianood] 24/8/2020 20:10

Subtle difference - the banks received a dictat and were instructed not to make payments during 2020, insurance cos were advised to be prudential.

[lefrene] 24/8/2020 20:09

maxk, go to www.wallstreetonparade,com and do a search on 'repo market' back to 17th September 2019. You will discover ther biggest banking crash in all history kicked off on that day, and so far reckoned to have consumed $14 trillion and counting. In all probability it could cost many 10's of trillions more, something like 4 to 10 bigger than the 2008/09 whoopsie. It's my opinion that a smoke screen was needed to obscure the vast amounts of money that need to be created to rescue the banking system. But do a little reading and decide for yourself.

[sikhthetech] 24/8/2020 19:54

UtyINV,

agree, a lot of people don't understand or don't want to understand financials.

Mr Sharma was addressing the banks and not the general public. Like L&G, Lloyds could have refused to axe it's divi but I suspect they wanted to be cautious given the unknown consequences of the pandemic, the furlough scheme, mortgage pay hols. Don't forget banks were compelled to offer payment hols to mortgage and credit card customers. What if these credit card customers default after furlough scheme ends at end of Oct?

I agree there should be more education around financials. As to PPI, where's the evidence that 90% of claims were fraud?

[jl5006] 24/8/2020 19:46

Max
Your guess as good as mine.
Why ? and to what end?

[maxk] 24/8/2020 19:26

Excellent post jl5!


Lies, damned lies, and statistics. .. But why, what is behind the bogus stuff?

[xxxxxy] 24/8/2020 18:14

Trump.The Triumphant.

[xxxxxy] 24/8/2020 18:11

Keep pushing. We are out of the Prison EUSSR. Now lets cut and throw away the shackles. Remember all they really want is the Treasure House of the UK.No Deal.WTO.

[xxxxxy] 24/8/2020 18:08

Brexit talks –time for a reality checkAugust 24, 2020By Ben HabibI HAVE HAD a high regard for the writings of Caroline Bell (a nom de plume, I believe) but I must take issue with a number of assertions made by her in her latest article, Brexit Talks – a Matter of Perception.  I agree with her that the EU expects the UK to sign up to a deal with outrageous demands on our fisheries and control of vast swathes of our economic life. Its belief, however, is not born out of misreading the desperation of our government for a deal. It is born out of the terms of the Political Declaration, which make these promises. Our government's attempts to convert the Political Declaration into a straightforward free trade agreement flies in the face of the promises made when the UK signed the Withdrawal Agreement. By signing that agreement the government put itself in a weak position.  Brexit nerds should pick up a copy of the Political Declaration and read this for themselves. If you have not time to read the whole wretched document, read paragraph 73, which promises fishing quotas (wording unchanged from May's WA) and paragraph 77 which obliges the UK to align itself with state aid, competition, employment, environmental and tax laws such as they are in the EU and UK at the end of the Transition Period i.e. wholly adhering to EU laws.  Neither was it a coup for our government to convert the Northern Irish Backstop into the Northern Irish Protocol. The Backstop, just to remind readers, was the creation of Theresa May to avoid putting a border down the Irish Sea. By replacing it with the Protocol, the government gave the EU exactly what it first wanted – Northern Ireland. That Protocol has not just put a border down the Irish Sea, it has also bound Northern Ireland into dynamic alignment with EU state aid laws, excise duties, VAT, sanitary and phytosanitary standards and elevated the Court of Justice of the European Union to being Northern Ireland's supreme judicial authority in these and other matters. These undertakings threaten the Union of the United Kingdom – if they amount to a coup, it is one perpetrated against the UK! Finally, even though the EU has refused to recognise the UK's sovereignty as part of the negotiations that have thus far taken place, Caroline suggests there is no need to walk away from talks. She suggests that the UK should instead slip out without fanfare at the end of the year with no agreement. To adopt such an approach would be reckless. People and businesses in the UK need to ready themselves for a no-deal exit. They can only do this with some notice and awareness of the measures being implemented by government for such an eventuality. Indeed, it is already the 11th hour as far as the need for preparations are concerned.   I am afraid that Caroline's view of the status of the UK's position and our ability to elegantly exit the Transition Period on 31 December without a deal are mistaken. Faced with the outrageous demands made by the EU, the only sensible thing our government can now do is cease negotiations and prepare in earnest for no-deal. Carrying on as we are emboldens the EU, to our detriment and is, frankly, reckless.  Yes, ceasing negotiations would reveal the Prime Minister had nothing like the oven ready fantastic deal he championed. But better that then the awful deal that each day looks increasingly likely. 

[chavitravi2] 24/8/2020 16:43

0.5p up is better than down. The same everyday this week would be good.

[smartypants] 24/8/2020 15:52

Merry Christmas...?

Downing Street has played down the prospect of food and water shortages this winter if a no-deal Brexit coincides with a second wave of coronavirus.

A leaked document outlining the Government's emergency planning for a “reasonable worst-case scenario” painted a stark picture about the impact of both Covid-19 and a no-deal Brexit coinciding.

Town halls could go bust and troops may have to be drafted on to the streets if the economic toll causes public disorder, shortages and price hikes, and the military may be drafted in to airdrop food to the Channel Islands under the emergency plans drawn up by the Government.

It also says parts of the UK may face power and petrol shortages if thousands of lorries are stranded in Dover while shortages of medicines caused by port blockages could lead to animal diseases spreading in the countryside.

The classified document, dated July 2020, further warns that if trade restrictions triggered by a no-deal Brexit are combined with floods, flu and another coronavirus wave, then hospitals may be overwhelmed.

UK and EU negotiators warned there has been little progress during the latest round of post-Brexit trade deal talks last week and time is running out to broker a deal before the transition period comes to a close at the end of the year.

A Government spokeswoman added:
“As a responsible Government we continue to make extensive preparations for a wide range of scenarios, including the reasonable worst case.
At the end of the year we will be outside the single market and the customs union, whatever the outcome of negotiations, and intensive planning is under way to help ensure that businesses and citizens are ready to take advantage of the opportunities and changes that will bring.
This includes launching a comprehensive communications campaign to make sure everyone knows what they need to do to prepare."

“This is not a forecast or prediction of what will happen but rather a stretching scenario. It reflects a responsible Government ensuring we are ready for all eventualities.”;