Northern Foods Share Discussion Threads

[aleman] 21/2/2023 08:12

Chancellor Jeremy Hunt is “set for a £30bn fiscal boost ahead of next month’s Budget” says Michal Stelmach, senior economist at KPMG UK, who has analysed today’s public finances.

Just great - we get stung for £50bn+ of unnecessary tax rises in the Autumn statement and a few months later they are talking about giving it back to us.

[aleman] 21/2/2023 07:39

Good morning. Government borrowing shrank if you knock out energy support schemes (which are now shrivelling away as energy prices plummet). Given general inflation was so high, that means a significant fall in debt relative to Gross National Product and GDP. The borrowing figures are actually very good. Will they be reported as such?

[malcolm caton] 21/2/2023 07:31

Morning,
Up 0.3% yesterday.

[skinny] 21/2/2023 07:10

Good Morning.

GBP Public Sector Net Borrowing -6.2B 2.0B 24.8B

[aleman] 20/2/2023 17:28

+0.1%. Yawn.

Still mostly multiple small grey clouds this afternoon but there were some pleasant short sunny interludes. There was a tiny bit of spotting at one point. The wind has eased off, making it feel quite mild. I checked the front lawn for mowing and decided to leave it a few days. 13.7C after 8.4C.

Most EU and UK gas contract durations have just edged to new 15-month lows. Investec have suggested that the cap will rise to £3000 from £2500 in April but that some suppliers might start undercutting that.

More detail on likely gas bills from Cornwall Insight (link below) - to rise 20% in April and see the end of the £67 per month subsidy too, but it will come at a low domestic use time of year and then prices are predicted to fall over 1/4 in July. So the government scheme lowered but delayed the peak in CPI. Will the B of E take note that domestic energy bills are currently expected in July to fall to 14% lower than they are now (for those contracts not undercutting the cap)? The inverted yield curve suggests the market is taking note and the B of E isn't. The B of E predict CPI will go well below its own target and I can imagine it going below zero yet the B of E (except dissenting 2 MPC members) still seem to intend to raise bank rate further.

[mrphil] 20/2/2023 17:25

phil, don't say too much, we've only seen one episode of Gold so far!

[skinny] 20/2/2023 17:01

I finished up 0.07%.

Sorry for your loss Gateside.

[philanderer] 20/2/2023 16:59

Portfolio +0.21% ... best gainers AAL and RIO , main faller VID

Lovely day in the garden, plenty of sunshine and a gentle breeze 14C . Finished pruning the last of the fruit trees.

Roast chicken and chips for dinner . Plan to watch the final episodes of BBC's excellent series 'The Gold'

[blueliner] 20/2/2023 16:48

Strange day, this mornings outage points to missing data.
Will give the daily performance figure a miss. Though miners did well.

Condolences to you and your family Gateside.

[dr biotech] 20/2/2023 16:34

Sorry for your loss Gateside.

Portfolio tool seems to be working just in time for the close. Looks like a nothing sort of day.

[mrphil] 20/2/2023 15:28

Took a bit of a punt and averaged down on TEK. Still like the sound of some of their stuff and think it has legs.

[mrphil] 20/2/2023 14:41

Skinny, I am just sick and tired of all this pathetic woke nonsense as I suspect most people are. We seem to be ruled by tiny minorities these days.

[philanderer] 20/2/2023 14:20

I tought it was a bit quiet on the markets, USA closed for Presidents’ Day holiday

[aleman] 20/2/2023 13:14

Again, as the government subsidy approaches closer to zero with each day's fall in gas prices, did we need the tax rises?

Guardian Business Live:

Investec ... now predicts that Ofgem's cap on average energy costs will drop to £3,322 per year for an average household for April-June, down from £4,279 at present.

Currently, though, the government is capping bills at a level where an average family would pay £2,500 per year. That limit will rise to £3,000 in April, with the public purse continuing to cover the difference with the Ofgem cap.

In July, though, Investec predicts Ofgem’s cap will drop again to £2,165, giving households a reduction of almost £800 per year. It could then increase a little to £2,190 for the October to December quarter.

Does CPI calculate an average consumption basket for the year or does it vary each month with season purchasing habits? I should know this. It could make a huge difference to reported CPI in the summer if energy prices go up again before they go down in the autumn - even though we spend a lot less on energy in the summer. Our current domestic run rate is already down to under 50% of December's thanks to the very mild nights lately.


I've just found that the energy weighting in the CPI basket has increased from 36/1000 to 48/1000 in the last year. Is anyone on here consuming 1/3rd more energy volume? Won't this just exaggerate the existing rise for energy in CPI? I've often said the whole thing is flawed. You should run a constant basket for 5 or 10 years then update the basket and launch a second index to run concurrently with the old one instead of constantly substituting products and changing weights.

[skinny] 20/2/2023 12:44

What on earth is happening to this country :-



I read a quote recently along the lines of "These days, people wake up offended".

[malcolm caton] 20/2/2023 12:36

brilliant sunshine with only a gentle breeze,Tescos this morning not very busy,shortage of fresh produce as ever on a Monday,

It was cheaper to buy 12 eggs than 6 of the packs avaliable.thats an omelette for lunch then!

See monitor figures are still all over the place,

[aleman] 20/2/2023 12:29

A quiet news day so I've already been shopping at SBRY. Roads and store were fairly quiet. I found 3 price reductions and one oddly small rise. (Tuna - is a 5% rise worth bothering with?) Again, 2 of the reductions were as larger pack sizes - even though it was a different supermarket. Will CPI pick these up? I'm convinced my overall shopping bills since Christmas have stopped rising and might have decreased marginally, but this might not be the case for smaller households that would not normally buy the bigger packs.

I had a few twinges on that ankle I rolled at the start of half-term. Shopping trolleys always test sore leg joints. It's still a bit swollen and multicoloured but has not hurt that much in recent days. I've even played football a bit with No.3. It looks like it's going to take a while for swelling to settle even though I can jog on it a bit without discomfort. I think more bike rides needed after none last week.

It's just as windy today as when we had that warning last week. Gusts on the weather map are 38mph to 48mph. The neighbours washing looks like it might blow off. Do I hang this morning's load out - with extra pegs - or play safe indoors? The sun is even trying to break out a bit which might sway the decision.

[mrphil] 20/2/2023 11:03

Morning All.

A bit dull here today after a cracking day yesterday with wall to wall sunshine.

Skinny, well done to your grandson on the football. Ours didn't have a game this weekend although the granddaughter did on Sunday morning and apparently shone brightly although sadly we weren't present to witness it.

Gateside, hope everything settles down for you soon. Can't beat family support through such times but you have my sympathy too.

wllm, thanks for updating the chart, really glad to see we are all in positive territory. Hope you get that infection knocked on the hard once and for all.

[philanderer] 20/2/2023 10:16

Morning everyone.

No sign of the sunshine yet, but there's a stiff breeze.

ADVFN stock prices either not showing or well out of whack

[blueliner] 20/2/2023 08:56

Morning
US markets closed for Presidents day holiday, hence folio quiet, data bug earlier on here.

Thanks wllm for the update.

[aleman] 20/2/2023 07:40

Good morning.


Tight job market? And why tax companies and then pay people to administer returning it again? How are companies meant to plan ahead through such nonsense?



Business rates relief means that new bills will be discounted by 75% for the tax year from April 2023 to the end of March 2024, up to a cash cap of £110,000 per business, as announced by the chancellor, Jeremy Hunt, in his autumn statement.

The Treasury has said that the retail sector “is set to see its overall bills paid fall by 20%” as a result.


February often sees the largest month-on-month rise of the year in asking prices for houses and Rightmove report +0.0% as "holding up"?


The average rental price fell 0.2% in January.

h ttps://homelet.co.uk/homelet-rental-index

[malcolm caton] 20/2/2023 07:29

Morning.
Thanks for update willm.

[philanderer] 20/2/2023 00:18

Another defeat for QPR , now just one win in eighteen matches. And another manager sacked. That'll be four managers in nine months. The club is a shambles with a squad of players who are just not interested.

Good to see 'All Quiet on the Western Front' picking up so many BAFTAs tonight. Excellent film.