Lloyds Banking Share Discussion Threads

[richie1218] 06/3/2021 08:47

Lloyds Banking Group has announced plans to become a large private landlord, moving its first tenants in by the end of the year. It aims to buy and rent out new and existing housing stock across the UK as it searches for sources of revenue, according to a report in the Financial Times. Lloyds, the UK’s largest mortgage lender, hopes to take advantage of its low funding costs, strong brand name and knowledge of the housing market to become a major player in the sector. As low rates squeeze the profit margins on traditional lending businesses, the move should bring direct benefits through rental yield and house price growth, as well as provide the ability to cross-sell rental deposit loans or insurance. It’s not first financial institution to get into property; Legal & General is a huge housebuilder, leaser and landlord of private rented property, while retailer John Lewis recently announced plans to build a residential property portfolio to offset weakness in its high street stores. Track record Lloyds has also directly invested in several housing projects with smaller developers in recent years through a partnership with Homes England. It believes the new plan could fit with its stated social objective of ‘helping Britain prosper’ by offering better quality and more professional services to renters than many existing landlords. In its annual report, Lloyds also announced plans to expand the availability of affordable and quality homes by providing £10 billion of lending to first-time-buyers as well as to assess the energy retrofit requirements of more than 200,000 homes in the social housing sector. The bank said: “We are committed to broadening access to home ownership and exploring opportunities to increase our support to the UK rental sector.” Landlords with longer memories may remember that this is not Lloyds’ first foray into renting – during the 1980s it had one of the UK’s largest chains of estate agencies.

[cheshire pete] 06/3/2021 08:37

#3696: Thanks 5xy.....Sir John Redwood's knowledge and understanding of economics and finance is awesome.

[utrickytrees] 06/3/2021 07:53

Just the roadworks to accommodate the new East midlands freight terminal / inland port has been a colossal undertaking. The whole area at M1 Jnc 24 has changed beyond all recognition. As I recall the works started about 6/7 years ago so these freeports must have been on the table some time. It's a hugely impressive project anticipated to bring 60,000 jobs to the area. hTtps://www.derbytelegraph.co.uk/news/derby-news/60000-jobs-way-huge-business-5067311.amp hTtps://www.slp-emg.com/#prettyPhoto

[crazi] 06/3/2021 07:33

Scania...lol My comment has nothing at all to do with Race but rather "CHARACTER" so get off your high horse... I wrote to Sunak a year back. Polite and precise - asking why they are not protecting Listed British businesses they are forcing to close due to Covid. Exceptional circumstances - place a 12 month short ban like Gordon Brown did. Didn't get a reply. Now I know why... Then look at the trading on Lloyds today. Definitely extremely suspicious behaviour (guaranteed illegal computer manipulation) and not the first time but the odds Andrew Bailey, Rishi Sunak or Nikhil Rathi new FCA Chief (and Ex LSE Chief)... what's the odds they will start cleaning up London's Financials??? PMSL..... None

[xxxxxy] 06/3/2021 07:04

Flying from Cardiff is not pleasant. Cannot recommend. Worst airport ever been to. Ghastly.

[xxxxxy] 06/3/2021 07:01

The two deficitsMARCH 6, 2021 POST A COMMENTLet me have an other go at explaining why I think we should be more worried about the balance of payments deficit than about the state deficit which seems to attract all the attention.The state deficit will be financed primarily by UK savers. It means the state can spend a bit more and individuals choose to spend a bit less as they save. The state can always repay the state debt as it is issued in pounds and the state through its Central Bank decides how many pounds to create. Usually the state just rolls the state debt over when it  matures. Of course I wish to see good value for  money spending on national priorities, and to leave plenty of room for personal and business consumption and investment. There is always a political argument to be had over the total tax take, tax rates, and the growth rate of personal real incomes. There are important arguments over how much the state can and should do, and how much is  best done through a competitive private sector.The OBR forecasts a large balance of payments deficit of 6% of GDP. This will also need financing. It needs paying for in foreign currency, as it represents the excess of imports of goods and services over exports and the excess of payments abroad to incoming payments of dividends and interest. The two main ways in which it is paid for is through the sale of UK assets to foreign buyers, and the assumption of foreign debt by UK businesses and individuals.  These foreign debts cannot be repaid by the Bank of England creating the necessary foreign currency as it can only create pounds. The debts can only be rolled over if the lenders agree. If we sell too many of of our productive assets we may see an outflow of jobs and activity from the UK, as some of the foreign buyers want to buy UK capacity to reduce it or relocate it elsewhere. They may also wish to acquire great intellectual property in order to earn the rents and licence fees on that in some other jurisdiction.The government has passed legislation giving it stronger powers to resist foreign takeovers of companies with important technology and capacity in the UK that we should wish to keep. The best way to keep more capacity and good ideas in the UK is to narrow the payments gap to reduce the need to sell assets to overseas buyers. It is an important part of national security and defence to have sufficient capability at home. This capability should not just be in weapons manufacture, but also in food and basic materials necessary during a time of crisis to  be easily accessible. The US is scrambling to restore rare earths capacity given the troubles with trade with China, reminding us there are things you need to do for yourself.... John Redwood

[maxk] 06/3/2021 00:00

Covid vaccine side-effects up to three times more common in those who have had virus King's College research finds people with prior infection far more likely to report effects, particularly if they have had Pfizer jab By Sarah Knapton, SCIENCE EDITOR 5 March 2021 • 5:57pm Vaccine side-effects are seen up to three times more often in people who have previously been infected with coronavirus, new figures show. The latest data from the King's College ZOE app, which has logged details from more than 700,000 vaccinations, found those with a prior infection were far more likely to report side-effects than people who have not had the virus. The difference between the two was particularly pronounced among those who had been given the Pfizer jab. More severe side-effects are often a sign of better immunity, and emerging research suggests just one dose of vaccine gives a similar protective effect to two doses in people who have had a previous infection. Experts have now started to question whether people with prior immunity from a natural infection need a second dose at all. The ZOE data shows that 12.2 per cent of people reported side-effects after their first Pfizer jab, but that jumped to 35.7 per cent of those with a previous infection. For the Oxford/AstraZeneca jab, 31.9 per cent of people reported symptoms following their first vaccine, rising to 52.7 per cent of those who had previously been diagnosed with diagnosed with the virus. Most people reported muscle aches, feeling groggy or headaches. More: https://www.telegraph.co.uk/news/2021/03/05/covid-vaccine-side-effects-three-times-common-have-had-virus/

[cheshire pete] 05/3/2021 23:28

Sounds about right for labour jl5006: throw money around and grab the headlines and don't worry whether it works or not cos they know they'll have moved on and it'll be someone ese's problem to sort.

[utrickytrees] 05/3/2021 22:53

I've never flown from Cardiff, I bet it's a right laugh! I can imagine all the girls travel in bikinis with loads of false tan & the boys all wear tight fitting rugby shorts and everyone over the age of 25 has an impressive moustache.

[jl5006] 05/3/2021 21:55

U dont live in wales CP the man is an utter waste of space wasted millions on Cardiff Airport - buying it - c £17 million planning an alteration to M4 - that did not happen. Health service here is second to no other. Armless yes! And Alexander is just jezza in disguise - isnt he!

[utrickytrees] 05/3/2021 21:55

I doubt he can wipe his own bottom.

[cheshire pete] 05/3/2021 21:46

Drakeford comes across as harmless enough....but from the same mould as Jezza.

[utrickytrees] 05/3/2021 21:45

The EU doesnt support sustainability despite the rhetoric it condones China & despises Africa.

[diku] 05/3/2021 21:25

Which restaurant?...he did it for a photo opp...without the mask...

[utrickytrees] 05/3/2021 21:19

Max no, all im saying is every country needs its industry to revolutionise its fortunes (teach a man to fish etc) and those countries who are the last to benefit from the modern day equivalent of industrialisation should be given access to cheap fossil fuels. The best gift 1st world economies can give to the world is sustainable energy. Weve done it with covid vaccine why not energy?

[cheshire pete] 05/3/2021 21:19

lol Newbank: "Bear in mind that Rishi was a Partner in the largest UK Hedge Fund during the last crisis, where he shorted Lloyds Bank near to complete collapse. He was rewarded for his troubles when he, as one of 20 Partners, shared a £0.5 Billion bonus pot." ......and there was me thinking he used to be a waiter!

[crazi] 05/3/2021 20:57

Newbank - good info! I was wondering why he didn't place a temporary short ban when locking down businesses so they didn't get slaughtered like many have/did. Gordon Brown did in 2008 when the Fin Crisis hit and the shorters started their attacks. Cause Rishi is just another scum shorter himself... and you know what they say. You can take a monkey out of the jungle but you will never take the jungle out of the monkey... still playing fast and loose but just with public funds this time...

[maxk] 05/3/2021 20:32

Are you willing to go back to unheated houses tricky? Really??