Lloyds Banking Share Discussion Threads

[alphorn] 11/12/2020 09:28

#319. Pretty well guaranteed.

[boxerdogz] 11/12/2020 09:19

keep flogging a dead horse?....APT

[grahamite2] 11/12/2020 09:16

The real question is, why is Boris even carrying on with this farcical charade? No-one can question that we have done everything we possibly can to be reasonable and to explore every avenue. No-one can doubt the bad faith of the EU. Why keep flogging a dead horse?

[diku] 11/12/2020 09:10

Trying to copy what others are doing is no guide to a guaranteed success...

[extrovert] 11/12/2020 09:08

Australian Prime Minister saying Britain should be careful what they wish for when opting for an Australian type deal intimating that it could be a lot worse than the deal they already have.

[renewed1] 11/12/2020 09:08

Dividends back on....forget brexit....should be over 40p with 2p next year and possibly 3p following.

[informant] 11/12/2020 09:07

Now it’s impossible for Boris to agree a deal. Let the EU sink. We will not agree to their outrageous demands

[alex1621] 11/12/2020 09:02

I'd guess to holders, any other approach would be an administrative nightmare.

[edward hopper] 11/12/2020 09:01

If a 2020 divi is paid out, will it be paid to shareholders who were registered at the record date in 2020, or will it go to the current shareholders? I can?t find any mention of that in the statement.

Lordbung It will be current shareholders ,thats how the cookie crumbles.

[maxk] 11/12/2020 08:54

Well, it's made it's point!


Made ours too .. now it's impossible for Doris to pull a fast one :-)

[grahamite2] 11/12/2020 08:52

Has the EU deliberately sabotaged the talks?

No country in the world gives up up its marine resources. No country promises to follow another's rules in perpetuity. It is hard to avoid the conclusion that Brussels is making these demands *precisely because* they are palpably unreasonable. It wants to make a point. (Daniel Hannan)

[crazi] 11/12/2020 08:38

Then divi's Frozen again for 2021 - until the PRA say so otherwise!

I also can't find any info on who qualifies for 2020 but I expect they will provide a date during end year results to give people a chance at that stage to buy and qualify. That's what Santander did anyway...

[lordbung] 11/12/2020 08:36

If a 2020 divi is paid out, will it be paid to shareholders who were registered at the record date in 2020, or will it go to the current shareholders? I can?t find any mention of that in the statement.

[maxk] 11/12/2020 08:33

The vindictive EU harms itself by turning Brexit into a punishment

Leaving without a deal would at least force the UK to decide what to do with its new-found sovereignty


JEREMY WARNER
10 December 2020 • 9:30pm
Jeremy Warner






Can’t we do this amicably in a way that is least damaging to both of us, our bank accounts, and the children? How many times have divorce lawyers heard this plea, only for the supposedly injured party to say no, I’m taking this all the way, and if it ends up bankrupting us, you know who to blame?

Divorce is rarely entirely cordial, and at the very least, it is almost always costly. Often, it is vindictive. As a metaphor for Britain’s departure from the European Union, it has perhaps already been stretched to the point of virtual destruction. Yet as we approach Brexit’s final denouement, now very probably just days or even hours away, it is very hard to see things in any other light.

The unstoppable force of Brexit has met the immovable object of the European Union, and a nasty economic pile up is now in prospect. That this is going to be damaging to both parties – certainly in the short run, and arguably longer term too – shouldn’t by now be in any doubt. All trade is economically beneficial, even when it results in a deficit. Anything that puts barriers in the way, as the EU now seems intent on doing in some shape or form, is by definition bound to be bad for both parties.

That it will be worse for us than it is for them is a matter of widely held belief on the Continent. Yet it is also another example of false comfort being drawn from aggregate thinking.

If the EU is viewed as a single country, then it is entirely true that it is not as dependent on us for its output as we are on them. But for certain country-specific and politically influential sectors, the end of tariff and quota free trade with the UK threatens to be extremely painful, piling the agony on an already Covid poleaxed economy.

Volkswagen and BMW are not going to thank Angela Merkel for putting principled defence of the “integrity of Europe’s single market” ahead of ease of doing business with their largest export market. On the whole, Germans do admittedly continue to have a high degree of commitment to the machinery of the EU; they have after all done very well out of it. But there is only so long you can subvert the national interest to that of the EU bureaucracy, only so long that you can keep saying “ask not what Brussels can do for you, only what you can do for Brussels”.


A prosperous Britain is as important to the future prosperity of Europe as it is to the UK itself. That Brussels should seek to undermine it in punishment for Brexit damages its own self interest as much as that of Britain.

To any rational, thinking person, it is completely ludicrous that free trade talks should founder on a principle as fungible and open to interpretation as maintenance of “level playing field” arrangements.

Europe has almost never operated a level playing field. The closest it ever came to it was when the bloc was just a handful of countries of broadly similar income and social security arrangements, and even back then, things were about as level as the Scottish highlands.

“You scratch my back and I’ll scratch yours” backroom deals and trade-offs have always offered a high degree of protection and competitive advantage for particular national interests.

In any case, any pretence at free and fair competition between comparable economies disappeared the moment the EU opened its doors to Europe’s outer reaches. Where were the level playing field constraints on German car manufacturers shifting production to low cost Eastern Europe, or indeed cheap Eastern European labour overwhelming the more prosperous European north? Levelling down, rather than up, became the unintended consequence of the day.

As it is, the UK has some of the most taxing environmental, animal welfare and labour market standards in Europe, with one of the highest minimum wages and now by far the most ambitious target for reducing greenhouse gases.

Perhaps Brussels is right to fear the creation of a low cost, low tax sweatshop on its own doorstep, but if that’s the view, it is almost wholly unsupported by the evidence. There is no majority political constituency in Britain for that kind of future. If it ever came to pass, it would ironically be made more likely by a no-deal outcome, with Europe’s supposed tariff protections arbitraged away by UK currency adjustment and tax breaks to attract international investment. If there was ever a case of cutting off your nose to spite your face, the EU is it.

As in all divorces, there is admittedly an element of six of one, half a dozen of the other in all this. On the EU’s current negotiating stance, Britain is faced with either the certainty of Europe’s external tariffs on day one of leaving the single market, or the prospect of them at some stage in the future if it materially diverges. For the life of me, I struggle to see why the latter course is so objectionable.

[utyinv] 11/12/2020 08:33

Looks like the decision by BoE to restrict banks from paying dividends has been lifted. Report from the Evening Standard:
Yesterday, the Bank helped the banking sector with an end to the ban on their paying dividends. As CMC’s Michael Hewson asked: “If a no deal is as damaging as Andrew Bailey says it could be, surely the Bank of England would have delayed any decision on this until next month?”
Why wasn’t this news published by the main media with the same fanfare as when they announced the ban? We are fed news that the ‘powers be’, want us to be aware of. Proves to me that much of the news is Government and establishment propaganda, as if we didn’t already know.

[xxxxxy] 11/12/2020 08:17

So continue Boycott on the goods and services of the EUSSR.Soon a time coming of greater consideration to other global suppliers anyway.No DealWTOLiberty

[xxxxxy] 11/12/2020 08:15

Marc Marcjf11 Dec 2020 8:11AMBrexit was always going to be a war without bullets.The Uk was always going to be punished to ensure no one else left. This is nothing to do with economics and everything to do with realpolitik. If you understand this you can see that talks were always doomed to fail and that the EU would always treat the UK as a rogue vassal province and deal with it in bad faith.The rest is just fluff and nonesense

[scruff1] 11/12/2020 08:03

For anyone interested. I was saying yesterday about a friend of mine who received four bottles of quality wine fromone of his investment co's. He tells me it was investec. Each of the areas where they have offices send the wine to the chosen investors. They then had a quiz about fine wines through Zoom. The Manchester group won the quiz. Pretty obvious outcome I guess being the most cultured of regions! Just need to sort THE manchester footy team out now.

[boxerdogz] 11/12/2020 07:57

GBP dropping pre open USD
Oil up 0.6%

Lloyds today should end the day 4-5 % down in anticipation of No Deal Sunday

Monday major sell off

[scruff1] 11/12/2020 07:55

xxxxx
Thats the sorry thing - it could. Its crackers that they never intended to negotiate. The penny may just finally drop how ridiculous they have been. Micron stcking his oar inlast min. 'If you dont give us the status quo I'm going to put all my fishermen out of business and severely damage large parts of the EU economy. That will show them Brits' Smart. I can understand why he calls himself 'a different sort' of politiciam

[xxxxxy] 11/12/2020 07:26

Had over 4 years to sort. And don't expect a few dinners to sort. Shows how dull the EUSSR is.EUSSR is an increasingly irrelevant place in the Global consideration.No DealWTOLiberty

[xxxxxy] 11/12/2020 07:03

Brexiteers warn deal needs more than 24 hours' scrutiny as they prepare to sit through ChristmasUK ratification must take place by December 31 leading to fears the window for parliamentary scrutiny could be cut shortByLucy Fisher, DEPUTY POLITICAL EDITOR10 December 2020 • 7:34pm... Daily Telegraph