Lloyds Banking Share Discussion Threads

[jacksonse] 28/6/2019 18:57

I am here to gain from Lloyds. Gaffer do I buy or sell?
John

[alphorn] 28/6/2019 18:53

Kate Ford from Coronation Street?

[grahamite2] 28/6/2019 18:44

and she is a remainer.

Who - Ford? Germany? Not at all clear on the point you're making.

[patientcapital] 28/6/2019 18:40

Not much comment about Ford sacking 12000 people in Europe including 5000 in Germany and she is a remainer.

[gaffer73] 28/6/2019 18:08

There is more to Brexit than personal gain. It is about the future of our country and the people who rule it. But to answer a stupid question, my own personal improvement following Brexit will be not having to listen to remainers.

[poikka] 28/6/2019 17:32

To clarify Grumpy's 064..

"Horta-Osorio sold 374,554 shares at 56.6 pence each, equating to GBP212,000. Following the sale, he owns 27.9 million shares in Lloyds, worth GBP15.8 million.

Lorenzo sold 2.8 million shares at 57.23 pence each, equating to GBP1.6 million. He now owns 9.3 million shares in the bank, worth GBP5.3 million."

Probably off for a beach holiday in Poland.

[alphorn] 28/6/2019 17:22

More high street woes as the US owner of Boots has confirmed that a store closure programme will affect around 200 locations.

It is unclear how many jobs will be affected by the move. It's the latest in a long line of big names to report store closes or job losses.

Highlights the risks of foreign ownership.

[minerve 2] 28/6/2019 17:13

OK, give us some examples of large Northern infrastructural investment.

We can name a smorgasbord of London projects.

[smartypants] 28/6/2019 17:10

Current share price is becoming a permanent disappointment.

That's the kind of information that warrants its own thread!

[poikka] 28/6/2019 17:10

Oh come off it, Ladeside, the Cabinet is comprised of MPs from all parts of our country, not to mention the PM of the day. You wrote that piece of totally unsubstantiated nonsense to suit your own agenda.

[alphorn] 28/6/2019 17:06

"Current share price is becoming a permanent disappointment"

Some of the posts above explain why.

I am surprised that you are surprised.

[smartypants] 28/6/2019 16:46

The Grumpy Old Men..
Strange that they would choose to sell at such a low price..?
Perhaps they had not read that:
The basic business fundamentals are of far more significance.... today’s political landscape and its short term impact is hardly worth the energy being spent on it.

[ladeside] 28/6/2019 16:30

The EU grants are currently received to assist in the poorest areas of the country, however under the control of the UK Gov, does anyone seriously think that anywhere other than London and the SE will receive anything ??

#whogivesatossaboutthenorth

[xxxxxy] 28/6/2019 16:28

Pominoz
Posted June 28, 2019 at 5:09 am | Permalink
Sir John,

The EU has never represented value for the UK. Whilst honouring any legal liability incurred during our time in the EU, nothing else should be paid. Trade deals do not need to be bought. What is more, it is imperative that we get out as soon as possible.

The reason why the UK must leave the EU no later than 31st October, and without any continuing tie-in, is clearly detailed in a frightening article on the Brexitcentral.com website by Bob Lyddon entitled ‘Why the Eurozone’s fate makes an immediate Brexit vital’.

The impending catastrophe for the EU, which looks like making to 2oo8 Financial Crisis seem a minor blip is, apparently, being deliberately hidden by actions of the ECB and certain Eurozone National central banks. It all looks, to me, remarkably like a grown-up version of the sub-prime mortgages issue – i.e. applying a value to something which may well be worthless. When the proverbial hits the fan, the cost to the UK could be in excess of €200 billion, or possibly even double that, unless we have formally, and cleanly, departed.

No doubt you will be aware of this article, Sir John – hopefully you will ensure Boris and Jeremy also read it. The implosion of the EU is fast approaching. No wonder they are doing everything possible to get their hands on the UK’s money.

[xxxxxy] 28/6/2019 16:22

Boris for PM

Boris Boris Boris

LEAVE and WTO

And save 39 billion for the British People

LEAVE and LEAVE and LEAVE

[xxxxxy] 28/6/2019 16:21

The chilling silence about our money

By JOHNREDWOOD | Published: JUNE 28, 2019

One of the oddest things about this out of touch Parliament is the refusal of most MPs to talk about how we should spend the windfall from leaving the EU without signing the Withdrawal Agreement. Worse still the Opposition parties rush to tell us we must go on paying large sums to the EU come what may, and even some in the government seem to be dreaming up ways to go on funding the EU after we have left. Given how central to the Leave case saving the money was, this is denying us our democratic decision. There is no legal basis to justify payments to the EU after we have left. The origins of the large £39bn Treasury forecast, itself an underestimate, comes from Mrs May’s wish to delay our exit for 21-45 months which of course would lead to big additional payments, and her wish to dilute Brexit so we could remain entangled with new financial commitments thereafter.

Margaret Thatcher recognised that the UK had a bad deal on financial contributions, and got a substantial improvement to our deal as PM. Mr Blair gave away some of that improvement on the promise of a thorough reform of the Common Agricultural Policy which never happened. Many UK taxpayers and fed up with having to pay more tax to send to rich countries on the continent. These contributions give us no benefit at home, and add to the deficit on the balance of payments.

At a time when the world economy is slowing, and when Mr Draghi of the European Central Bank recommends some government reflation from tax cuts or spending rises, the UK needs a growth budget. Using the substantial money we save from October 31 if we just leave could give us the boost we need. We can spend all of the net contribution we save, whilst paying the same level of farm grants and other sums that the EU sends us from the high gross contributions we make to the EU.

The deliberate misinformation about EU grants throughout the referendum campaign sought to persuade voters that we would lose these payments when we left. They should have pointed out that as we sent them the money in the first place to pay these grants, we can simply pay them direct. More importantly, we save all the money we send and do not get back as well. We can boost the UK economy by 1% of GDP out of the savings and the tax overshoot this government has gone in for.

[the grumpy old men] 28/6/2019 16:14

Lloyds Banking Group PLC (LLOY.LN) said Friday that its chief executive and the head of its Scottish Widows business sold shares worth a combined 1.8 million pounds ($2.3 million) in the U.K. bank.

CEO Antonio Horta-Osorio sold 374,554 shares at 56.6 pence each. Antonio Lorenzo, chief executive of Scottish Widows, sold 2.8 million shares at 57.23 pence each.



Write to Adam Clark at [e-mail]; @AdamDowJones



(END) Dow Jones Newswires

June 28, 2019 09:46 ET (13:46 GMT)

[the grumpy old men] 28/6/2019 16:14

Lloyds Banking Group PLC (LLOY.LN) said Friday that its chief executive and the head of its Scottish Widows business sold shares worth a combined 1.8 million pounds ($2.3 million) in the U.K. bank.

CEO Antonio Horta-Osorio sold 374,554 shares at 56.6 pence each. Antonio Lorenzo, chief executive of Scottish Widows, sold 2.8 million shares at 57.23 pence each.



Write to Adam Clark at [e-mail]; @AdamDowJones



(END) Dow Jones Newswires

June 28, 2019 09:46 ET (13:46 GMT)

[edmundshaw] 28/6/2019 15:23

Where would you like to start. The economy? Legislation tailored to our benefit rather than that of Germany, France and Brussels? Immigration rules fit for purpose? The ability to legally rescue key industries like Steel? A saving on the billions (net) sent each year to Brussels? A chance to normalise our fishing industry? The ability to negotiate trade with whomever we wish, properly taking into account our own interests as an exporter of services?

[ladeside] 28/6/2019 15:16

I've never been to Palanga but do fancy it Alphorn. Ryanair started direct flights in the summer months from Glasgow a couple of years back but then pulled them in a huff over the APD cuts being reversed.

[minerve 2] 28/6/2019 15:07

Splice the mainbrace! 🍻