Lloyds Banking Share Discussion Threads

[gbh2] 13/10/2020 14:11

4% drop, lloyd's must be going broke!

[xxxxxy] 13/10/2020 14:07

In today's brief: Government win key vote on Agriculture bill amendment as UK and Turkey look to secure a deal. Meanwhile, PM warns that time is running out for Brexit trade deal as France vow to show 'no weakness' over fisheries.Government win vote on Agriculture Bill amendment: Last night, MPs struck down a Lords Amendment to the Agriculture Bill that campaigners say was designed to protect the UK's food standards post-Brexit. This tweet claiming that the Government would not allow a vote on food standards went viral despite being factually incorrect, with elected MPs being allowed to vote on several amendments relating to food standards.The Commons rejected the Lords amendment by 332 to 279. The Department for International Trade has insisted that the UK will not compromise on standards and if a trade deal is not in the interests of the UK, they will walk away from negotiations.Steve Baker took to Twitter to warning that "We must be wary not to spread fear on this issue.""The UK has a long history of high food standards," he said.EU stand in the way of Turkey deal: The UK and Turkey have been quietly negotiating a trade agreement in order to maintain the significant volumes of trade between the two countries, after the transition period. "Our negotiations on a bilateral free-trade agreement [have] gained pace recently," Ümi?t Yalçin, Turkish ambassador to London told Politico. "We are happy to see that we are on the same page with the UK on most of the important issues. We believe that we can finalise our talks soon." However, as the UK leaves the customs union, the EU are anxious to not allow goods from an outside nation a potential backdoor into their single market. This puts Ankara, who are keen to keep trade with Britain flowing in a strange spot. Turkey could yet go rogue on its customs union arrangement with Brussels and strike a free-trade deal with the UK regardless of the outcome of Brexit talks: it did just that with Malaysia a few years ago. And Turkey is keeping the option on the table, saying "we are prepared for all scenarios", when asked about the prospect of undermining the EU with a UK deal. "In the post-Brexit era, we would like to continue our strong partnership with the UK in every possible area with a visionary approach," Yalçin said. UK Trade minister, Ranil Jayawardena echoed this statement stating: "We are currently working hard to explore all options to secure trade continuity, both the United Kingdom and Turkey remain committed to securing a deal as soon as possible and I look forward to further strengthening our ambitious trade and investment relationship as we work closer together in the future."Time running out for Brexit trade deal: After Boris Johnson set a deadline of this Thursday for Brexit talks progressing to a point where a deal is 'in sight', Downing Street have confirmed that this time limit was still in place and that the time left to get a post-Brexit trade deal is in "short supply". With the French threatening to show "no weakness" in discussions over Brexit fishing rights, the UK has said it is ready to walk away if progress is not shown. The government said they were trying to "bridge" disagreement over fishing rights and state aid for businesses but without any EU movement, it could be time for Boris to stick to his guns and walk away. Charles Michel's risky retweet: If anyone needed any clearer indication that the EU has been acting in bad faith, Council President Charles Michel last night retweeted this political cartoon mocking the Prime Minister. It is now time for David Frost and Boris to show the EU that they're not bluffing and if the EU can't take the UK's democratic vote for sovereignty seriously, then they can kiss goodbye to their trade surplus.Sky report on French fishermen's worries: Sky News has an article today that addresses the concerns of French fishermen who are worrying about the risks of losing access to British coastal waters after the transition period. The waters around Britain are teeming with seafood and French fishermen have enjoyed access to them with Britain inside the Common Fisheries Policy. All that is now set to end, with or without a deal."If it's not allowed, we'll respect it and we'll come back to French waters. But if we have to do that, and all share these waters, we'll be dead in the year," one French fisherman said, warning of big sanctions or enormous fines for those caught breaking the rules. Sky News did not, however, interview British fishermen who saw the decimation of their own industry inside the EU and who are set to gain what is rightfully theirs.For the latest news and developments throughout the day, please do follow @GlobalVision_UK on Twitter.Thanks for reading, and enjoy the rest of your day.

[arjun] 13/10/2020 13:43

Yeah just seen them, meanwhile Sp here continues south....

[gaffer73] 13/10/2020 13:27

Good results from JP Morgan.

[sikhthetech] 13/10/2020 12:25

Looks like 1.5m lost their jobs so far since pandemic began.


Unemployment rate hits highest level in three years

""Overall employment is down about half a million since the pandemic began"

[lefrene] 13/10/2020 12:07

While the herd is kept distracted by the covid exercise, what is really going on behind the scenes? The private (yes PRIVATE!), newly created New York stock exchange, is presumably helping the FED and the reserve banks who own the whole shooting match, to obscure what is really going on, since the FED waded into the markets with vast amounts of created money. Curiously the heads of Citi-bank never seem to lose their jobs despite repeat criminal behaviour and vast fines imposed on their bank.

[alphorn] 13/10/2020 11:49

Roche have announced today that they have an ultra-rapid virus tester that will become available in large numbers from the end of the year. They believe that this will make significant changes for testing populations. Approval is awaited for the USA.

[scruff1] 13/10/2020 11:19

Can anyone explain the logic here. Some council leader on the radio just said - we cant shut schools, we cant shut public transport, we cant shut supermarkets so we have to 'pull the lever'on the hospitality sector. How the f* does that follow and why is he leading anything?

[arjun] 13/10/2020 10:58

We need 11am switch to take us back the other way now?

[arjun] 13/10/2020 10:54

USA banks report this week, if they report well, hoping we get a boost from that into our own Q3 reporting..

[aceuk] 13/10/2020 10:48

You know as a 747 pilot you've already crashed and no longer have any need of flashing lights!

[maxk] 13/10/2020 10:45

Good posts 1carus .. common sense and no frills.

[gbh2] 13/10/2020 10:45

Any excuse to sell the price down, trader ping pong!

[arjun] 13/10/2020 10:44

Morning all, One step forward two back!!! Frustrating talk of -Ve interest rates....See Citibank rated Lloy buy yesterday but it seems to have been drowned out!

[scruff1] 13/10/2020 10:22

Its comical how the EU makes a big deal about the environmental effects of 30W light bulbs yet turn a blind eye to its own factory ships destroying marine ecosystems.

[scruff1] 13/10/2020 10:14

Not on a 747 !

[1carus] 13/10/2020 10:13

I think Macron is going to be taught a lesson. Since the Fish Industry is such small fry in the scheme of things, Merkel isn't going to allow that to scupper a deal with the UK that would adversely affect the German industrialists. He will be told to do one or accept some fix. I suspect the true value of the UK's fish stocks are underestimated, else why would everyone be throwing their rattles out of the pram. The UK doesn't eat that much fish per capita, so there is plenty to go around. The truth seems to be that interested parties dont want us to know how much of the fishing stocks are being plundered and what it's actual worth is. They are just going to have to pay a fair price for the rights to fish a more regulated amount.
It's a good thing too as the eu has not forced environmental fishing methods. Control the nets, stop dragging, license quotas, improve the environment .... take back control.

[aceuk] 13/10/2020 10:06

You obviously need to be a passenger jet pilot. You would then have a dash board with lots of flashing lights giving you the ability to make a judgement on the direction of travel and therefor avoid a crash.

Good luck

[scruff1] 13/10/2020 09:55

Watching the market today (at least the part of interest to me) unless there is co. specific news its largely becalmed and drifting around - forward a bit, back a bit - waiting for the next strong gust. If neg interest rates arrive I can see there being a flood of funds out of banks and into funds