Lloyds Banking Share Discussion Threads

[xxxxxy] 29/10/2020 11:49

Come on Trump.Win.It's that simple.

[xxxxxy] 29/10/2020 11:49

No no no British fish for the EUSSR.No DealWTO

[xxxxxy] 29/10/2020 11:47

Like the bit oh goodie etc. Sums up the EU as childish, immature and dangerous.Have nothing to do with EU army and EU Empire.Annoyed.No DealWTO

[xxxxxy] 29/10/2020 11:44

In today's brief: Brexit positions edge closer as progress made on text of the agreement. Meanwhile, Gove says UK 'will not back down' on fisheries policy and pressure on Spain to avoid No Deal.Progress made in Brexit talks but differences remain: The EU and UK negotiators have made progress this week towards resolving some of the biggest disagreements in the post-Brexit trade negotiations, raising hope that a deal could be reached by early November according to Bloomberg. People familiar with the discussions have said that the two sides have begun work on the text of an agreement on the level playing field and are also close to finalising a joint document covering state aid. As well as this, they report that the two sides have moved closer on deciding essential aspects of how the agreement will be enforced.Differences on the core aspects still remain but the progress on the text shows a sign that the negotiators are moving closer to breaking the deadlock. David Frost has long been asking for the EU to begin working on the legal text and, after Barnier's speech last week where he committed to working with Frost on the issue, it seems the sides are finally moving forward. Talks move to Brussels today and negotiators will look to close the gaps between their two positions further, after which, Prime Minister Boris Johnson and European Commission President Ursula von der Leyen will look to broker a final deal. Having said this, EU officials still view a deal as a single agreement where nothing is agreed until everything is agreed and fisheries is still one of the biggest obstacles, with France and Belgium still pushing for continued access to UK waters. Gove says UK will not back down on fisheries: Despite the EU's ridiculous position, Michael Gove has made it clear that the UK will not back down on its demands on fisheries. Responding to concerns set out by Jeremy Miles, the Welsh minister for European transition, Gove said "I am afraid we strongly disagree with your premise that we should 'back down' on fisheries"."The UK government's view is that in all circumstances, the UK must be an independent coastal state, no longer be bound by the Common Fisheries Policy," he said. Macron has vowed to scupper any deal that "sacrifices" French fishermen's access.Boats from Brittany, Normandy and the Calais area catch more than half of their fish in British waters, and Macron has warned that a Brexit trade deal that compromises current access would decimate France's fishing industry. However other EU leaders have been putting pressure on Macron to soften his stance in order to secure a deal, with government sources recently saying Merkel had been tapped up by ministers to help "unlock Macron on fisheries". Spain fruit and veg industry pressure for deal: One other country that could begin pressuring the Frenchman is Spain, whose fruit and veg industry will also be blighted if Madrid forces a no deal with their nonsense claims on Gibraltar. Spain's farmers fear that losing trade with Britain will boost their Moroccan rivals with the UK currently Spain's third largest buyer of fresh produce. The country's growers, who rely heavily on exports to the UK, have been warned of £180million-a-year in customs duties under World Trade Organization terms, with Spanish farmers raising the issues at the annual meeting of the fruit and veg industry federation Fepex. This pressure could also tie the hands of PM Pedro Sanchez during any attempts to play hardball over Spain's claims to Gibraltar. Madrid and Number 10 are working to seal an agreement that would include Gibraltar in any trade deal between the EU and UK. Both also want a special pact on free movement across the border to prevent long queues.EU to allow Britain to take part in defence projects: The EU have said they will allow non-members such as Britain and the United States to take part in future EU defence projects. The decision means Britain, which has left the bloc, will be able to take part in a new EU defence pact, known as Permanent Structured Cooperation (PESCO). PESCO aims to help the EU fund, develop and deploy armed forces together. Oh goodie! Any takers? In May this year, the European Commission made a long-awaited proposal to earmark 8 billion euros of its next budget on a new, complementary EU defence fund, keeping alive a Franco-German desire to deepen military cooperation among EU nations that have long pursued independent projects.Nigel backs Trump: Brexit Party leader, Nigel Farage has delivered a surprise speech at a Donald Trump rally in Arizona. Farage gave a similar speech back in 2016 shortly after Britain voted to leave the European Union. It helped cement a newly forged friendship, with Mr Trump dubbing him "Mr Brexit". Once on stage, Mr Farage said "I've got to say four years ago I was honoured to come to America to bring the Brexit message, the message that you can beat the establishment."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.

[geckotheglorious] 29/10/2020 11:36

"If Japan can agree a trade deal with the UK in just three months
why can’t the EU manage it in four-and-a-half years?"

I recall people like Alphorn claiming that the UK wouldn't be able to sign any quick trade deals, and that they'd take many years....

Japan trade deal proves
1)Alphorn is liar, and didn't believe his false claim
2)Alphorn is a defeatist, blinkered by his Remainer biases.
3)Alphorn simply doesn't know what he is talking about!!!

[geckotheglorious] 29/10/2020 11:22

Decent results from Lloyds.

Ticked most of the boxes imv.

£1bn profit.
Mortgage demand up.
Lower impairments.

As to the domestic and global economy direction, who knows.

[geckotheglorious] 29/10/2020 11:19

Graham,

Mitchy has plenty of reasons to be concerned. Concur that we are in the calm before the storm. This gets a helluva lot worse before it gets better.

How else do we get this "Global Debt Reset"

[pal44] 29/10/2020 11:11

Just love the old Nag !

[cheshire pete] 29/10/2020 10:51

Pleased to be wrong grahamite2, and glad the Beeb gave it air time...they've gone up in my estimation. Thanks for pointing it out.

[minerve 2] 29/10/2020 10:47

You will always get some.

LOL!

[minerve 2] 29/10/2020 10:47

"Oddly enough a clip was on the BBC. Stirring stuff from good old Nigel, and the crowd loved it!"

The small, minority crowd of rednecks. :)

[grahamite2] 29/10/2020 10:45

cheshire pete29 Oct '20 - 09:52 - 318012 of 318030
0 2 0
Good to see Nigel Farage batting for Trump fighting for the Nation State and taking on the Establishment and globalism once more. Doubt that our media will show it though.

Oddly enough a clip was on the BBC. Stirring stuff from good old Nigel, and the crowd loved it!

[falklandi] 29/10/2020 10:43

40p next.....DYOR

[cheshire pete] 29/10/2020 10:39

There are things you can do something about and things you can't.

[falklandi] 29/10/2020 10:19

Heading to 30p....

[alphorn] 29/10/2020 10:18

stoned - the entertainment from the Brexiteers whining on here is amusing - but I do have a some Ords plus Prefs.

[smartypants] 29/10/2020 10:17

Positive news from LLOY...
There is a first

In the three months to September 30, Lloyds' pretax profit surged to GBP1.04 billion from just GBP50 million a year before.

Lloyds noted it put aside GBP1.80 billion in the third quarter last year to cover a sharp rise in payment protection insurance claims - which was not repeated in the third quarter of 2020 as the deadline for claims has passed.

Net interest income dropped 16% year on year to GBP2.62 billion from GBP3.13 billion.
Net income fell 19% to GBP3.40 billion from GBP4.19 billion.

Banking net interest margin worsened to 2.42% from 2.88% a year before.

Lloyds operating costs were reduced by 2.6% to GBP1.86 billion from GBP1.91 billion, but the drop in revenue saw its cost-to-income ratio worsen to 56.9% from 47.6%.

"The impact of the coronavirus pandemic on the global economy and on people and businesses within the UK has been unprecedented. We remain focused on working together with the government and our regulators to ensure that we continue to support our customers in this challenging time," Chief Executive Antonio Horta-Osorio.