Lloyds Banking Share Discussion Threads

[bargainbob] 20/3/2024 15:48

Its holding WsM812

[wsm812] 20/3/2024 14:11

An attack on 50p is under way...come chaps huddle up and hold that line formation

[chinese investor] 20/3/2024 14:01

10p to 60p !

[smurfy2001] 20/3/2024 13:35

I really dislike stock split, l guess they do it to get more retail investors on board.

[marktime1231] 20/3/2024 13:24

Good news on inflation, the reaction has a slow fuse.

On the downside I read that the Chancellor has approved the reappointment of Dr Catherine Mann the US academic who is one of four external members of the BoE MPC. One of the two hawks she has persistently voted for an INCREASE on the 5.25% base rate despite all the signs that inflation is plunging back to target and that high interest rates are depressing the economy. Pity. Maybe Hunt thinks she will help find him a new job if he needs one later this year.

Fascinated to see the voting scores tomorrow lunchtime, from 1:6:2 to ?

[mikemichael2] 20/3/2024 10:48

It's 'rigged' scruff, inflation is not falling, you only need to look around!!

Rates up, petrol going back up, grub in Supermarkets defiantly not dropping, went to garden centre the other day, came out with nothing, prices bonkers, try getting a tooth filled 'how much' cancelled my ski trip this year crazy money, even McDonalds gone up.

Rigged by Conservatives.

Sport.

[stonedyou] 20/3/2024 10:34

Inventing Ukraine

How was modern Ukraine created?

"They were deliberately imposing the Catholic Church here, the Catholic way of life. And the Polish–Lithuanian Commonwealth did just that—they were destroying the Orthodox faith. They were closing churches, not allowing people in, just like now," says Archpriest Pyotr Gritsenko, Chief Priest in the Special Military Operation Zone in charge of Visiting Clerics of the Synodal Department for Cooperation with the Armed Forces and Law Enforcement Agencies. Since the coup d'état in Ukraine in 2014, he frequently travels to cities in Donbass ravaged by the Ukrainian army, providing humanitarian aid. The Priest believes that the current events in Donbass echo events of the past.
Who is behind the creation of the state of Ukraine? Who devised the language for the new nation? Why and how was an entire state formed to counter and curtail Russia? Why does Poland continue to wage proxy wars against Russia till this day?
The project of Ukraine as an anti-Russian state got a reboot in the early 1990s. In a geography textbook for the 8th grade, it is stated that "American scientists consider Ukrainians to be the oldest nation in the world." Raised in hatred towards Russia and convinced of their own uniqueness, the country's youth have massively joined nationalist battalions. Watch the documentary to witness firsthand how the Ukrainian myth, sown 300 years ago in Poland, began to sprout.

[1carus] 20/3/2024 10:13

BOE needs to get on board with the program and start cutting rates now by 0.25. They lag behind in both directions. Too late to increase interest rates and too late to bring them down.

[mr.elbee] 20/3/2024 09:40

scruff, if you look at Mr. Hunt's NON cv it shows all..he is a failed everything except when one of his dodgy business netted him 13 million... I worked for a similar couple of charlie's who knew far more than Mr Hunt.. Indeed I believe he copied their activities[they are both multi multi millionaires now]
Hunt was small fry who started his alleged career as an EFL teacher. the lowest of the low and then went into management consultancy at which he didnt really last at all

No he is just unqualified and dim

perfect to push around..

the triple lock doubts is another nail in their coffin, as you rightly say, but since Rachel and her gorgeous pals have staked all on preserving it, IMHO there is nowt to worry about since they are already home and dry albeit with a very small majority at best.

[scruff1] 20/3/2024 09:32

Maybe its this -Food shop about 30% up over 2 years, petrol much dearer, car insurance, broadband, Sky, council tax, mobile, gas & electric charges all way up. Even a pint is about £1 up over the last 2 years!

[freddie01] 20/3/2024 08:45

Is UK inflation is ‘finally coming to heel’? CPI data falls to 3.4% for February


Figures published one day before the Bank of England’s Monetary Policy Committee meeting


UK inflation fell from 4% to 3.4% in February this year, according to today’s Consumer Price Index (CPI) figures, which marks a lower-than-anticipated fall. Core inflation also fell by six percentage points, from 5.1% to 4.5% in January.

The largest contributor was falling food prices alongside the communication sector, although housing and fuel costs crept higher during the month.

Zara Nokes, global market analyst at JP Morgan Asset Management (JPMAM), said: “Following a torrid couple of years for UK households, this morning’s inflation print is yet further evidence that the outlook for consumers is brightening.

“More good news should be on the way with headline inflation likely to drop below the 2% inflation target in the Spring, but crucially, this is largely being driven by a transitory fall in energy prices. The Bank will instead be keeping a watchful eye on the medium-term inflation outlook, particularly the domestically-generated inflation originating from the services sector.

Looking over the coming months, industry commentators expect inflation to fall further still with the fall of energy bills.

Tom Stevenson, investment director at Fidelity International, said: “Inflation is likely to continue dropping through the spring as cheaper gas and electricity from April drives household energy costs lower. The key unanswered question is whether, and by how much, price growth bounces back from target in the second half of the year – the Bank’s central expectation.”

Lindsay James, investment strategist at Quilter Investors, added: “The plunge in energy bills anticipated in April could see an even greater fall in headline figures, aligning with the Office for Budget Responsibility’s expectation that inflation will average out at 2.2% in 2024.

“However, economist forecasts for the medium term have considerable variance, highlighting risks that are still present around energy security, supply chain resilience and structural labour shortages.”

Central bank expectations
Despite today’s data, Stevenson said rates are expected to stay on hold “until June at least” and will “fall back only slowly from the current 5.25%”.

“Inflation may briefly touch the Bank’s target in the next few months but is not expected to settle at 2% until 2026.

“This means homeowners expecting a significant easing in mortgage rates this year face higher for longer borrowing costs. This will keep a lid on the nascent housing recovery that has seen prices stabilise in the past few months.

“The UK stockmarket meanwhile, has lagged its rivals recently, and now looks good value as the economic and political backdrop improves.”

James pointed out that medium-term economic forecasts vary widely, which highlights prevailing risks around energy security, structural labour shortages and supply chain resilience.

“Wage growth has been a significant driver of inflation in the service economy for some months, and recent data showed this is now slowing a little. However, it will likely make the Bank’s 2% target more difficult to achieve,” she said.

“This looks likely to remain a strong inflationary driver while there is an ongoing mismatch in the labour supply available and the level of demand on offer, with recent business surveys flagging that this pressure remains elevated and a cost they are passing through to customers in the form of price rises.

“Similarly, ongoing disruption to international shipping continues to put pressure on supply chains amid higher freight rates and longer lead times.”

Given signs that UK growth has returned – albeit modestly – the investment strategist said the inflation reading will “give a confidence boost to the Bank of England that inflation is now coming to heel”.

“As it looks likely to fall further in coming months, with the 12% cut to the energy price cap kicking in from April, the Bank’s monetary policy committee will be under further pressure to consider rates cuts sooner rather than later.”

Neil Birrell, chief investment officer at Premier Miton Investors and lead fund manager on the Premier Miton Diversified funds, added: “[Today’s inflation figures] won’t be enough for a cut in interest rates in the very short term but does give backing to the view that the UK economy is performing. Rate cut expectations for the middle of the year are well founded.”

JP Morgan’s Nokes said: “While the Bank of England will cheer the decline in the headline figure, it is unlikely to be convinced that the battle against inflation is won.

“With regular wage growth north of 6% and services inflation still running hot, the Bank will need further evidence that domestic price pressures are cooling before it begins cutting rates.”

Steve Matthews, investment director, liquidity at Canada Life Asset Management, said attention now turns to the Monetary Policy Committee’s two hawks, Jonathan Haskel and Catherine Mann, who voted for a rate hike last month.

“The fall to 3.4% might alleviate some concerns, leading Haskel or Mann to shift to hold at tomorrow’s committee meeting and signalling that a June cut could be on the cards,” he reasoned. “They will, however, still be wary of the 9.8% National Living Wage rise coming into force in April and the potential of this feeding inflation. Our view remains that a first cut of 25 basis points in August is still the most likely scenario.”

[scruff1] 20/3/2024 08:33

Can someone explain to this thicko how on the announcement of a bigger than expected fall in inflation fuelling speculation of a cut in interest rates both the 100 and the 250 are in the red? WTF do they want??

One thing I aint worrying about Tricky is my funeral. As the guest of honour I'll leave that to the poor sod left behind in la la land. My shroud is already made. I had it tailored with pockets.

[scruff1] 20/3/2024 08:04

Dont bank on it Gecks. Inflation down, interest rates down, housing boom, no civil war - already over in London etc - odds are overwhelming and the Brits have sat around whilst their country has gone down the nick - what makes you think they are gonna change now? People have been outflanked. They are being isolated. Its increasingly being made difficult to have effective, meaningful communication(i.e hold a meaningful conversation) with anyone in any authority. Its clear that organisations dont want interaction and the accompanying accountability with the general public. Trying to phone just about anyone from the police, a council dept, a hospital dept, a utility etc - its a debilitating exercise - frustrating and depressing. Its designed to be difficult and has largely achieved its objective - people have given up so they can do wat they want. The only connection people have is through the banal and faceless social media. Its truly Orwellian

[geckotheglorious] 20/3/2024 07:30

Tories dont want to win Scruff.
Thy know the economic and financial tsunami coming.
Leave the Leftists with a poisoned chalice. Next 5 years will be brutal. Real Estate collapse, financial collapse, WW3 and civil war.

Who wants to be in charge during that.

[stonedyou] 19/3/2024 21:18

MILITARY OPERATION IN UKRAINE 19 MAR, 06:05

Ukrainian troops leave positions near Avdeyevka — DPR

While retreating, Ukrainian troops left the bodies of their killed fellow soldiers where they fell.

DONETSK, March 19. /TASS/. Ukrainian forces left a number of positions near the villages of Orlovka and Tonenkoye near Avdeyevka, Igor Kimakovsky, an advisor to the head of the Donetsk People’s Republic (DPR), told TASS.

"Fierce fighting near Tonenkoye and Orlovka has yielded fruit. Pressed by the attacks of our army, Ukrainian armed formations abandoned a range of positions there," he said.

While retreating, Ukrainian troops left the bodies of their killed fellow soldiers where they fell, Kimakovsky added.