Lloyds Banking Share Discussion Threads

[bargainbob] 02/3/2019 13:32

I'am Minerve twice removed.

[freddie01] 02/3/2019 11:39

Jaguar Land Rover plans big UK investment


Jaguar Land Rover is preparing to make a major investment in advanced manufacturing in the UK.

Contradicting recent press reports that Indian parent company was considering selling the luxury car business it bought from Ford in 2008, sources close to the company and the government told the BBC that news of fresh investment in the UK was imminent.

When announced, this news will be a welcome boost to the UK car industry which has seen a raft of bad news in recent weeks.

Diesel and China
Honda recently stunned the sector by announcing the closure of its Swindon plant in 2021 shortly after Nissan said it was reversing plans to build the Nissan X-Trail Sunderland.

Honda set to close Swindon car plant
Nissan investment U-turn
In January, Jaguar Land Rover itself announced plans to cut 4,500 jobs in the next two years. It pointed to the declining popularity of diesel engines which currently power nearly 90% of its range and a slump in sales in China which had been its most profitable market.

Figures from the Society of Motor Manufacturers and Traders (SMMT) showed that sales of UK made cars fell 72% in the last month compared with a year earlier but sources at JLR told the BBC there were "green shoots of recovery" in the Chinese car market.

Efforts to forge better relations between JLR and its dealer network in China have also been stepped up.

Lord Battacharya tributes
The government hopes that the new investment will confirm the UK still has an important role to play in the company's move to electric vehicles despite some existing model production being moved to Slovakia.

This news coincides with the death of Indian born Lord Kumar Battacharya, who founded the Warwick Manufacturing Group in the 1980s - a group of advanced engineering facilities clustered around Warwick University.

Many in the car industry are paying tribute to him and his legacy.

I'm told there are plans to mention Lord Battacharya's pioneering role in UK manufacturing.

A close friend of both Tata Group's Chairman Ratan Tata and JLR's current chief executive, Ralf Speith, he is widely credited as instrumental in brokering Ford's original sale of JLR to Tata.

The timing of the announcement has not been finalised but is expected in early March.

[renewed1] 02/3/2019 11:31

If only John was chancellor!!!

[renewed1] 02/3/2019 11:26

Trouble is once they announced the buyback institutions were onto a one way bet. They could fill there boots at 58p knowing if they forced the price up to 63p plus Lloyds would buy them all back for a nice 10% profit in a couple of weeks. Same mistake Gordon brown made with gold. Some people never learn!!!!

[gbh2] 02/3/2019 11:11

Only if they buy back more than they issue for their own use!

[pawsche] 02/3/2019 10:53

... and so is my wife!

[gaffer73] 02/3/2019 10:21

Buybacks won't, they need to buy them so the value of the company/SP ratio doesn't change. They will however save in the future through lower divi payments.

[mikemichael2] 02/3/2019 08:23

He's not Minerve, i'm Minerve.

[xxxxxy] 02/3/2019 07:22

Getting the economy growing faster
By JOHNREDWOOD | Published: MARCH 2, 2019
Too much navel gazing about Brexit is crowding out time and space to discuss how we should respond to the worldwide slowdown in growth, to the recession in parts of the European continent, and to the need for policy change here to stimulate more enterprise, jobs and higher living standards.

In the USA, UK, Euro area and China the Central Banks have been tightening. Money and credit growth slowed markedly in 2018 especially in the UK. The US had rate rises and reduced Quantitative easing, but there was a big offset with the large tax cuts the President put through the Congress. Money growth fell off late last year. This year the Fed has reduced its QE cancellation rate and signalled a softer approach, leading to some rebound in money growth and a big rally in share markets from relief.

In the UK we had two rate rises, the cancellation of special loan facilities for the commercial banks, no more QE and tough guidance on consumer credit, on top end mortgages and car loans. Money growth halved. UK tax policy has been hostile to property and to cars, with big hikes in Stamp Duties on numerous transactions, and in Vehicle Excise Duty deterring purchases of new vehicles. UK fiscal policy has also tightened considerably, and this year there was an additional substantial further tightening from an unplanned extra cut in the deficit.

In China a doubling of car purchase tax to 10% and a credit squeeze brought down their car market and added to the slowdown induced by tougher money policies. In the Eurozone they ended Quantitative easing , continued to battle under reserved banks and hit the car industry with new emissions regulations. The gilet jaune protests damaged French sales and growth. Italy moved into recession. Germany had a fall in GDP in Q3 with no growth in Q4.

In such conditions with slowdown in our major trading partners around the world the UK should be taking sensible measures to promote expansion. Inflation is below target and unlikely to become a problem any time soon. The government should cut Stamp Duties. The present rates are reducing the revenues and have caused quite a shortfall compared to Treasury and OBR forecasts. The government should take VED back to pre 2017 budget levels to reduce the tax on buying a new car. Business rates on the High Street should be cut to help retailers. VAT should be removed from green products and domestic fuel, helping keep inflation down. The Bank of England should announce new good value loan facilities for commercial banks wanting to on lend for new business and growth. It should remove its special strictures against car loans as there is no evidence of credit danger threatening the system. It should state, as the Fed has now done, that it will be patient before any rate rise, and will want to see evidence of faster economic growth and a decisive upturn in money growth before a rate rise. This should all happen whatever we do on Brexit.

Let us assume we leave on 29 March without signing the Withdrawal Agreement which is what will happen unless Parliament legislates to delay or stop Brexit or legislates some Withdrawal Treaty. The government should then hold a budget in early April to spend the money we will be saving from end March on our net budget contributions. It could spend an additional £12 bn next year on better public services and tax cuts without increasing the deficit. Given the substantial tightening and the low level of the planned deficit I would go further and spend £20bn or half the budgeted £39bn cost of the Withdrawal Agreement in the first year. That would provide a welcome 1% boost to the economy. Our schools, social care and public security budgets all need more, whilst selective tax cuts could boost home buying, cars, green products and the High Street if we cut VED, Stamp Duty, Business rates and VAT. Some of these tax cuts would yield more revenues as they are currently stifling business.

[m4rtinu] 02/3/2019 07:00

First day of buyback didnt do much for share price Esp as FTSE up.

[m4rtinu] 02/3/2019 06:58

First day of buyback sidnt do much for share price Esp as FTSE up.

[k38] 01/3/2019 23:54

By the way bob..I think you are better off as independents only If UK stay in Europe and no the other way round. Just think of this.But again, this is not independent so if I was you i would no lose any sleep over this.

[stonedyou] 01/3/2019 22:43

Unless I`m reading it wrong......it seems big business doesn`t fear Brexit!!

So CLIFF EDGE, CRASHING OUT, CHAOS, is only.....in "Remainer drains" deranged

minds......



Business borrowing from banks and financial markets leapt to £9.2bn compared to

the month before compared to the £2.4bn average seen in 2018. Bank lending to

large businesses now is growing at a 6% year-over-year rate, which the BoE said

largely reflected a rise in M&A activity from large companies.

"We suspect that the wider pick-up in borrowing also reflects firms locking-in

finance ahead of Brexit, in case financial market gum up in a no-deal scenario,"

said economist Samuel Tombs at Pantheon Macroeconomics.

[stonedyou] 01/3/2019 22:26

Lying Bob - are you stating K38..... as illegal

[stonedyou] 01/3/2019 22:23

Lying Bob - What part of my post..... was against immigrants!!!

[bargainbob] 01/3/2019 22:16

Not nice for K38 hearing your rant against immigrants.

[stonedyou] 01/3/2019 21:53

How can you have accurate...... "HATED EU" immigration figures.... when anyone

from the "HATED EU" can come here.....with out a passport....It`s called free

movement with in the "HATED EU".....I do notice they don`t talk....about illegal

immigration...... anyone care to speculate them figures!!!



"Latest immigration numbers show a collapse in numbers from the EU."

[corpbull] 01/3/2019 21:30

Shy! How did you come to that conclusion? I hardly post, just enjoy reading Min's banter. He is a remainer! i am a 100 percent Brexiteer! lol

[minerve 2] 01/3/2019 19:47

LOL

Tea and biscuits too thanks.

[jasierock] 01/3/2019 19:41

Nice to see a post about Lloy jpj without it being followed by

ROFLMAO

Prepare the padded cell, here's...... Minerve2