Lloyds Banking Share Discussion Threads

[jordaggy] 18/10/2024 08:14

As long as they can pay back their loans to Lloyds, who cares?

A record number of UK firms are fighting for their financial survival as the uncertain economic outlook hits business confidence.

Restructuring specialist Begbies Traynor has reported that there were 632,756 UK businesses in ‘significant’ financial distress in the third quarter of this year – a 32% rise compared with a year earlier.

Significant’ financial distress increased in almost every one of th sectors covered by the latest Red Flag Alert survey.

It rose particularly rapidly among utilities companies (+19.3%), food & drug retailers (+10.4%), financial services (+9.94%) and bars & restaurants (+8.7%).

But, there was a drop 17% year-on-year drop in the number of businesses in ‘critical̵7; financial distress (close to insolvency).

Julie Palmer, partner at Begbies Traynor, says 2024 has been hard to navigate for companies, which have been hit by high inflation – and could face new taxes in the budget.

“With over 630,000 firms now in significant financial distress, more than thirty per cent higher than this time last year, no section of the country’s economy is immune from the legacy debt built up by many businesses during the pandemic.
“It is also apparent that the toxic effect of high inflation is still filtering down to businesses. The construction sector in particular continues to struggle with the legacy of high materials and labour inflation which have led to some high-profile insolvencies recently. This is a trend that I expect to continue, and I do not believe ISG will be the only major casualty in this sector with the domino effect likely to hit the sub-contractor community in due course.
“For some, the prospect of a change of government was viewed as a potential catalyst for a much-needed economic boost, but there are significant concerns surrounding what the next Budget might hold for the economy and the knock-on effect could be damaging for many businesses teetering on the edge of collapse, as it seems certain many will have to deal with higher employee related taxes.”
Here’s a breakdown of the top sectors for financial distress:

Support Services: 97,178 companies

Construction: 90,375

Real Estate & Property Services: 69,111

Professional Services: 52,082

General Retailers: 46,288

Health & Education: 41,222

Telecommunications & Information Technology: 40,817

Media: 26,389

Food & Drug Retailers: 19,260

Financial Services: 18,664

[thevladslayer] 18/10/2024 07:43

this labour govt the worst govt in history - make no mistake

[arja] 18/10/2024 07:39

bargain sniper .
Of course the Tories never did that during their 14 years messing things up and promoting brexit which any sane person can see was a disaster . Not too many on this brexit thread with much between the ears :)

[hardup1] 18/10/2024 04:30

Starmer the traitor.

[stonedyou] 17/10/2024 21:02

Kiev Forces On Brink Of Complete Collapse In Kursk (Videos)

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The Russian military’s Sever Group of Forces has inflicted more losses on Kiev forces in the Kursk direction, pushing them to the brink of complete collapse.

In its October 17 briefing, the Russian Ministry of Defense said that Ukraine’s 22nd, 41st, 47th, 115th mechanized brigades,17th Tank Brigade, 82nd, 95th air assault brigades, 36th Marine Brigade, 103rd and 129th territorial defense brigades took heavy losses close to the settlements of Lyubimovka, Malaya Loknya, Novy Put, Novoivanovka, and Plyokhovo.

The group repelled six counter-attacks by Kiev forces near the settlements of Zeleny Shlyakh, Lyubimovka, Nizhny Klin, and Russkaya Konopelka, according to the ministry.

“As a result, the AFU [Armed Forces of Ukraine] losses amounted to up to 40 troops killed and wounded, four tanks, one Swedish-made CV-90 infantry fighting vehicle, and one armored fighting vehicle. Six AFU servicemen surrendered,” it said.

The ministry also announced that Russian air and artillery strikes hit gatherings of the 22nd, 41st, 47th, 61st mechanized brigades, 17th Tank Brigade, 80th, 82nd, 95th air assault brigades, 1st National Guard Brigade, as well as the 103rd and 129th territorial defense brigades.

The gatherings were targeted near the settlements of Bogdanovka, Bondarevka, Guyevo, Daryino, Zazulevka, Kositsa, Kubatkin, Kolmakov, Lyubimovka, Martynovka, Nikolsky, Novy Put, Nizhny Klin, Nikolayevo-Daryino, Novoivanovka, Plyokhovo, Pravda, Sverdlikovo, Sudzha, Tolsty Lug, and Cherkasskoye Porechnoye.

Other strikes hit the Ukrainian region of Sumy, which borders Kursk, according to the ministry, targeting the reserves of the 21st, 41st, 47th, 115th mechanized brigades, 95th Air Assault Brigade, 1st National Guard Brigade, as well as the 101st, 103rd, and 129th territorial defense brigades close to the settlements of Basovka, Belovody, Belokopytovo, Vodolagi, Zhuravka, Makeyevka, Pavlovka, Revyakino, and Studenok.

“Over the past 24 hours, the AFU losses amounted to more than 250 troops and 15 units of hardware, including five tanks, two infantry fighting vehicles, including one Swedish-made CV-90 infantry fighting vehicle, eight armored fighting vehicles as well as four guns, including two American-made M777 howitzers and one UK-made L119 howitzer, one MLRS launcher, four mortars, and four motor vehicles. Six AFU servicemen surrendered,” the ministry detailed in its briefing.

Separately, Russian media shared several videos showing some of Kiev forces’ recent losses in both Kursk and Sumy.


Kiev forces launched a surprise attack on Kursk last August, relying mainly on foreign mercenaries and Western-made weapons.

Since the start of the attack, at least 56 Russian civilians have been killed and more than 266 others have been wounded. Moreover, the attack displaced more than 144,000 civilians. The fate of some 2,000 others who lived in areas attacked by Kiev forces remain unknown.

The Russian military launched a counter-attack in Kursk in September. So far, nearly a dozen settlements have been reportedly liberated.

According to the Russian MoD, since the start of the battle in Kursk Kiev forces have lost 23,850 troops, 165 tanks, 77 infantry fighting vehicles, 100 armored personnel carriers, 942 armored fighting vehicles, 643 motor vehicles, 193 artillery guns, 38 launchers, including nine American-made HIMARS and six MLRS systems, nine air defense systems, five transport-loading vehicles, 48 electronic warfare stations, nine counter-battery radars, three aerial radars, 22 engineering vehicles, including 13 counter obstacle vehicles, one UR-77 mine clearing vehicle and three armored recovery vehicle.


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[jrphoenixw2] 17/10/2024 20:19

'And breached @61.86p' - and closed at that hi which is a further +ve to see vs some i/d retracing from the high.

[freddie01] 17/10/2024 18:45

500,000 Immigrants Coming To Scotland!




If true well done Yvette Cooper. Labour doing what they do best destroying.

[hardup1] 17/10/2024 17:33

No shares bought back today so figures the same as for Wednesday 9th October.

After 165 trading days, buyback complete to date:
Total shares to date........................2,944,743,918
Aggregate cost to date... ..................£1,590,961,884.64
Average price paid to date..................54.0272p
Percentage of £2 billion buyback completed..79.55%

[freddie01] 17/10/2024 14:48

Lloyds's Halifax and Barclays join lenders hiking mortgage rates - 'but U-turns may follow'

[skinny] 17/10/2024 13:07

And breached @61.86p

[skinny] 17/10/2024 11:29

For info and FWIW, the 3+ year high is 61.62p

[hardup1] 17/10/2024 11:22

That's it in a nutshell tricky. After cold pressing there is still oil left in the residue which is then refined by heated and sometimes chemicals added to extract the remaining oil, which is then sold as a refined vegetable oil. Sunflower oil and corn oil are refined oils.

[utrickytrees] 17/10/2024 11:06

Scruff, it's very rewarding that only yesterday you we extolling the benefits of luncheon meat 3 x a day & now yer into your free range/ organic eggs & bacon. Can't wait to hear your opinion on carbon capture nxt wk.
Hardup is that because it's cold press then? I suppose its the heating of the seed husk which is the cause of the nasties contaminating the oil.

[nemesis6] 17/10/2024 11:05

wheras labour and tories fall into the "keep banging your head against a brick wall and expect a different result" brigade

[inaminute] 17/10/2024 09:53

If you take your lead from Lee Anderson you deserve everything you get. The Reform shower did not do well in the local elections did they :D. Simply a protest vote at the last election. Already petering out. A freak show for the ignorant.

[scruff1] 17/10/2024 09:47

Do chickens fart? Maybe they dont eat em

[hardup1] 17/10/2024 08:04

tricky, the health benefits of cold pressed extra virgin rape seed oil are similar to cold pressed extra virgin olive oil.

[johnwise] 17/10/2024 08:00

Reform's Richard Tice gives impassioned speech on British steel

VIDEO

[johnwise] 17/10/2024 07:59

Britain Racing to Third World Status


'I'M QUITE ANGRY' | Lee Anderson sends warning to Labour MPs

VIDEO

[wsm812] 17/10/2024 07:31

I've mostly been busy with the filter button this morning!