Lloyds Banking Share Discussion Threads

[jl5006] 20/8/2024 17:01

Yes Tricky
£210m just a grant. But there seems no commitment .
The commitment seems to be windmills.

[utrickytrees] 20/8/2024 16:35

Not sure what period your referring to when you say no gov takers JL? You are aware RR have had a £210M government grant to develop SMRs... in reality most of that would be the cost to get it through nuclear regulatory commission licencing, I think they're about 2/3rds of the way through that. No government in their right mind would nail their colours to the mast until this process is complete. Could be wrong but the likes of Bank of America don't go balls deep into a stock unless they've done their homework? Still an element of risk however.

[putinaire] 20/8/2024 16:21

Lovely day

[jl5006] 20/8/2024 16:09

Tricky
SENRs(or SNERS) were the talk of the town when call me dave was there, when he was trying to get EDF to build a big station.
Politicians serve no useful purpose when they fail to understand and plan the needs of the populace.
RR got the idea and worked to get a prototype - again no gov takers - instead brain dead treason enshrined net zero without knowing its meaning.
SCUMBAGS dragged the need to nothing and now butty and tool want to ensure we DONT have a cheap and manageable energy source.
As Littlejohn writes in the mail - we are on the road to hell.
Dont say I did not warn u!

[thevladslayer] 20/8/2024 13:45

more vlad meat for dinner tonight

cant wait

although last bit was a tad gristly

[leopold ii] 20/8/2024 13:44

SPCE building nicely for whoever mentioned it 1-3 weeks ago

Needs to consolidate for a bit to allow a good build. Don't want it flying too fast

[leopold ii] 20/8/2024 13:28

Possibly sub recent low by next Monday. Depends on Fed, how long that takes

[leopold ii] 20/8/2024 13:23

Interesting numbers. A touch of reality returns to market today

[utrickytrees] 20/8/2024 12:05

Tell a lie Scruff, some ladbour woman is in S wales saying they're committed at UK energy to supply new nuclear by 2030...get in!

[utrickytrees] 20/8/2024 11:44

Next zoom meeting will be in October to agree the colours for the letter heads & further meetings pencilled in for 2026 to focus on font type & size.

[jordaggy] 20/8/2024 11:38

Hmmm, Lloyd's being a bellwether, I'm getting nervous.

More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show.

There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency Service released this morning shows.

That’s more than in the year from August 2008 to July 2009, when 25,186 insolvencies were recorded (see data here). That period covered the collapse of Lehman Brothers in September 2008, which was followed by the ‘Great Recession’ of 2009.

Rebecca Dacre, partner at Forvis Mazars, the international audit, tax and advisory firm, says:

“The latest insolvency figures are a strong reminder that many businesses are still a long way off from recovery.”
“Despite initial signs of improvement in the economy, some sectors are still experiencing severe difficulty as interest rates remain high. Falling consumer spending during the cost of living crisis has also made it incredibly difficult for some businesses to survive. The retail and hospitality sectors have borne much of the brunt.”

The worst month for insolvencies in the last year was November 2023, when 2,467 were recorded.

But during the financial crisis, company failures peaked in October 2008 at 2,732.

David Hudson, restructuring advisory partner at FRP, says high interest rates, weak demand and rising costs have all pushed up insolvency levels in recent months.

Hudson adds:

We expect insolvency levels to remain elevated for some time yet.
While economic conditions are improving, there are many businesses that have had their resilience ground down since the onset of the pandemic and that are now carrying large amounts of debt, which they’ll struggle to maintain even with falling rates and strengthening consumer confidence

[scruff1] 20/8/2024 11:31

Hows energy uk going Tricky