Lloyds Banking Share Discussion Threads

[utyinv] 07/8/2020 15:25

I know of at at least Four people who are wanting to move on to better career opportunities but won’t jump because of years of service they have and believe redundancy is inevitable. Why would anyone turn away the prospect of healthy redundancy payments?

Companies have a responsibility to its employees and employees have a responsibility to serve their employers. This country needs honourable employers and employees with a strong work ethic.

Like I have said before, Man was born to work and need to be productive.

[dexdringle] 07/8/2020 15:05

"They are milking the system in the hope that conscientious workers who want to get back to work will leave on their own account, thus alleviating the need for redundancy payments"

- Eh? Who would resign during a furlough period?

[freddie01] 07/8/2020 14:59

Macron’s Colonial-Style Lebanon Sojourn Sparks Derision, Outcry



TEHRAN (FNA)- Lebanese people took to the social media to vent their anger at French President Emmanuel Macron over his uninvited visit to Lebanon and his "colonial mentality" by calling for a new political pact and reportedly threatening the country's leaders.
Macron made the visit to Lebanese capital of Beirut on Thursday after a cataclysmic explosion killed Killed tens of people and injured more than 5,000 others, presstv reported.

The deadly incident also left at least 300,000 without habitable homes, hammering a nation already beset by US-instigated economic crises.

During the snap visit, the French president called for an international inquiry into the devastating blast that generated a seismic shock felt across the region.

Lebanon's Arabic-language al-Mayadeen television news network said Macron, in a meeting with President Michel Aoun, threatened Lebanese leaders with sanctions if they do not submit to reforms and a “political change”.

Macron also called for a “new political pact” among Lebanese political factions and said he had proposed a roadmap to the Lebanese authorities to unlock billions of dollars in funds from the international community, and that he would return to Lebanon in September to follow up.

“I will be back on September 1, and if they can't do it, I'll take my political responsibility” toward Lebanon, said Macron in remarks more sounding like those about a protectorate.

Macron’s remarks sparked a swift backlash, with many Twitter users denouncing what they deemed as interference in the internal affairs of Lebanon, which gained independence from the French colonial rule more than seven decades ago.

Macron’s remarks at a time of shock and anger among the traumatized nation also provoked protests in central Beirut, where security forces fired tear gas to disperse dozens of demonstrators.

The protesters marched on the roads leading to the government building and the parliament. They pelted security forces with stones and set tires on fire, shouting against the political elite.

Some in the small protest were wounded, the National News Agency reported.

The powerful explosion on Tuesday took place in port warehouses that stored highly explosive material near central Beirut. Video footage captured a shockwave travelling fast across hundreds of meters, essentially flattening the area.

Dozens of people are still missing, and thousands of people have been displaced as a result of the colossal blast, which leveled the whole port and a large section of central Beirut and turned successive apartment blocks into masses of debris and twisted metal.

A large supply of confiscated explosive material that had been stored in a warehouse at the city's port for the past six years is suspected to have caused the massive explosion, the biggest to ever hit the Middle East, but investigators have only just started to look into what happened.

Lebanon’s Prime Minister Hassan Diab has announced three days of national mourning for the victims of the deadly incident and declared a state of emergency across the country for two weeks.

Diab has pledged that those responsible for the massive blast in Beirut would be held to account, calling for international assistance to help the country, which is already staggering from economic meltdown and a surge in coronavirus cases.

[dope007] 07/8/2020 14:54

Agreed and any investment here is either long term or if you have a profit a decision on taking it or not and going elsewhere for dividends. I have a few bought a couple of weeks ago that I have a profit on, and not sure wether to tuck away and leave or sell. Recently bought BAE which has done very well and BT which is static. Direct line is of interest if it pulls back.

I reckon the next year or so is the time to build a decent portfolio of UK stocks with decent yields as we rumble through what is going to be a very difficult time for the mkts

[minerve 2] 07/8/2020 14:52

In the words of Harry Enfield:

"If that's what you want, that is what you're gonna get!"

ROFLMAO!

[minerve 2] 07/8/2020 14:51

This is so funny. Watching the turkeys slowly come to the realisation of Christmas.

[grahamite2] 07/8/2020 14:47

It's not a matter of understanding their own business, it's a matter of assessing just how far the malice and destructiveness of government intervention will go.

[minerve 2] 07/8/2020 14:44

I think that's unlikely. There will probably be reluctance to do anything with dividends until COVID plays out a little more and they have a better idea of whether their provisions are accurate.

They didn't do a very good job of forecasting provisions for PPI. It seems they don't understand their business as much as they lead you to believe.

[dope007] 07/8/2020 14:38

Back to LLOY. Do we expect dividend to be reinstated at the same levels as previously when they do? If so over 11% yield if bought today

[utyinv] 07/8/2020 14:37

Dex,

I agree with you in many ways. It’s the Companies that need taking to task IMO. They are milking the system in the hope that conscientious workers who want to get back to work will leave on their own account, thus alleviating the need for redundancy payments.

The Government should direct the Company to either call all the workers back or pay them off so they know where they stand. I would also ban a director from opening another business if his/ her company goes into liquidation. Ban the director not the name of a Company.

There are some lazy chancers believe me, as I can name them. Not what’s been reported in the news or papers, It’s what I have seen with my own eyes and heard first hand of their account of what they have/are doing.

No doubt you do want to get back to work and the company you work for needs to be taken to task why they aren’t being more proactive in making this possible.

[dexdringle] 07/8/2020 14:35

I'm okay with people criticising the scheme / government policy. But not with them taking it out on those whose employers have utilised the scheme. Nor, for that matter, the employers (as long as they are adhering to the rules as set out)

[minerve 2] 07/8/2020 14:28

"But you have Min ... brexit has made you lose your mind."

Like being part of the EU lost yours?

Ha ha.

What a gammon.

[newbank] 07/8/2020 14:27

EssentialInvestor,

Yes you are right and those Companies need to be taken to task. As Uty has stated the health of the economy is more important that the vanity of a business owner who is trying to keep afloat a lost cause. Uty puts it slightly differently but with the same overall message.

The sooner people get back to work the better. Remember the feeling at school when having had a few weeks off during the summer holidays, there was a slight uneasy feeling about getting back to school? As we got older we overcame that by enthusiastically changing our mindset and looking positively into how best to get back into the swing of things. The longer people are kept off work confidence diminishes.

Humans need work to thrive it's what we were born for (as Uty puts it), to achieve something and take pride in being economically independent.

The government need to stop making excuses and give all companies a clear message to get everyone back to school and work. Furlough should stop. We have had six months off, why couldn't the conventional School summer holidays be cancelled and the first term start Late July / 1st Aug for 2020 only?

[freddie01] 07/8/2020 14:11

Stop responding to him. He's enjoying every single bite he's getting.

[xxxxxy] 07/8/2020 14:08

Rod Beddows7 Aug 2020 7:34AMThe short term impact of Brexit will be lost in the small change. The long term impact will remain as a big positive for society, economy and politics. The gains from the Covid panic will be in big increases in labour productivity as many jobs are eliminated such as in retail to be replaced by on-line activity. Many employers will discover that they just do not need so much labour and take advantage of the panic to shed unwanted jobs. There will be a rise in remote working and that will also improve productivity. These improvements in productivity will enable the debt to be paid down quicker than any economist is now thinking. The unemployment will be painful as will the bankruptcies. In a way the pattern will be similar to after Thatchers arrival. Finally industry both manufacturing and services will be boosted by new trade relations and the incentive to re-shore in the wake of the wake up on China. I hope for one thing that I fear we will not get: a realistic view of the impossibility of a risk free life.    

[essentialinvestor] 07/8/2020 14:07

Dex, valid observation and something that needs to be underscored -
many employees are unable to return to work atm. They have been instructed
to remain at home.