Royal Bank Of Scotland Share Discussion Threads

[leedskier] 10/10/2013 14:46

It needs a new chart ...

[leedskier] 10/10/2013 14:43

RBS is flying now ...;

[leedskier] 10/10/2013 13:09

Now for a country without banking issues in the Global financial crisis.


Polish lenders, led by Bank Pekao SA and BRE Bank SA, jumped to the highest level in almost six years after Moody's Investors Service raised the outlook for the local banking industry to stable.

The WIG-Banks index rose 2 percent to 7,936.63 by 12:33 p.m. in Warsaw, the highest level since December 2007. The WIG30 gauge of the country's largest and most-traded stocks added 1.6 percent, increasing for a second day. Bank Pekao, the second-biggest lender in Poland, increased 3.3 percent.

[gcom2] 10/10/2013 12:32

fair enough

[leedskier] 10/10/2013 11:33

Not in the FTSE100 at all.

add:


Which means I can view it more objectively.

[gcom2] 10/10/2013 11:19

leedskier you do have a long position here

[leedskier] 10/10/2013 10:44

I think the market has rather taken to this new CEO, a retail banker, firmly focused on HMG's policy of ensuring RBS resumes lending to UK PLC.

[leedskier] 10/10/2013 10:40

Assuming the US sorts out its immediate debt crisis, if only by interim measures, one could see how this could reach 450p by the year end.

BUT much will turn on the awaited report and HMG's response to it.

[skinny] 10/10/2013 10:36

Multi year high just gone @380.80p

[leedskier] 10/10/2013 10:26

BREAKING NEWS: Libyan PM Zeidan has been freed by former rebels: security sources

[avatar333] 10/10/2013 10:21

'they' make a welcome return.

;

[leedskier] 10/10/2013 10:19

Looks like it. Could be excitement over the hiving off of non-performing loans.

[gcom2] 10/10/2013 10:12

they may be about to take the brakes of this

[leedskier] 10/10/2013 10:02

FTSE100 modestly higher in early trade on hopes of US deal
10 October 2013 | 08:43am
StockMarketWire.com - MORNING REPORT: The headline index was modestly higher in early deals this morning, with investors buoyed by hopes for a temporary deal on the US budget ceiling to avert possible defaults.

In early trade, the FTSE100 was up 28.43 points at 6,366.34 and the FTSE250 ahead 82.7 points at 14,720.7.

US & ASIA

In the US last night, the Dow rose 26 points to 14,803, the Nasdaq fell 17 points to 3,678 and the S&P500 was flat at 1,656.

In Asia today, the Nikkei closed up 157 points at 14,195 and the Hang Seng was off 131 points at 22,903.

LONDON MARKETS

Investors were encouraged by suggestions the US Republicans may agree to a short-term increase in the government's borrowing authority while wider discussions take place on the budget stand-off.

House builder Persimmon topped the early leaderboard, gaining 20p at 1,151p on expectations of a boost from the Help to Buy scheme.

Scottish & Southern Energy (SSE) rose 14.5p at 1,468.5p after announcing changes to household energy tariffs from 15th November. Household electricity and gas tariffs are to increase by average of 8.2%. Peer Centrica, which owns British Gas, added 5p at 365.8p on the read across.

Engineering group GKN ticked up 6.05p at 349.25p after announcing Informa's Adam Walker will take over when Group FD William Seeger leaves in February.

Defence contractor BAE Systems edged ahead 1.8p at 441.8p after the group said trading has been consistent with expectations and the outlook remains unchanged, although there are concerns over the US shutdown.

Banking stocks were buoyant, with Royal Bank of Scotland the pick of the crop, up 6.4p at 376.1p. Lloyds lifted 0.81p at 73.73p and Barclays added 2.75p at 270.55p.

On the downside with blue chips, security firm G4S slipped 1.15p at 237.85p after news its contract to run South Africa's Mangaung prison was cancelled following prolonged violence at the establishment.

In the midcaps, High Street stationer WH Smith jumped 75p (9%) to 910p after a well-received results statement including a rise in dividend and the announcement of a share buyback.

Story provided by StockMarketWire.com
- See more at:

[leedskier] 10/10/2013 09:58

;

Labour Party are in overdrive this morning on this news ...

10/10/2013 | 02:50am US/EasternRecommend:

SSE PLC : Changes to household energy tariffs from 15 November


10 Oct 2013

Household electricity and gas tariffs to increase by average of 8.2%
Changes reflect increasing cost of buying wholesale energy, paying to deliver it to customers' homes and government-imposed levies collected through energy bills
SSE will implement a series of changes to its household energy tariffs on 15 November 2013. This follows increased costs of:

buying energy in global markets (up 4% for a typical dual fuel customer*);
paying to use the upgraded electricity and gas networks to deliver energy to customers (up 10%*); and
government-imposed levies on energy bills (up 13%*).
When SSE last changed its prices in October 2012, it committed not to increase prices until July 2013 at the earliest. Despite external costs continuing to rise in that time, SSE has been able to hold its prices for several months longer than that. On 30 September 2013, however, SSE stated in its Notification of Close Period that it expects to report that its Retail segment was loss-making during the six months to 30 September 2013 and this demonstrates that the rising costs cannot be absorbed beyond 15 November.

[leedskier] 10/10/2013 09:30

cfc1 ... have a good day ;

[leedskier] 10/10/2013 09:27

When you have them by the nuts, the heart and mind follow ...

Treasury Secretary Jack Lew plans to warn lawmakers Thursday that he will be unable to guarantee payments to any group - whether Social Security recipients or U.S. bondholders - unless Congress approves an increase in the federal debt limit.

With Washington in gridlock and a key deadline in the debt-limit debate just one week off, Lew plans to tell a Senate panel that he would do all he can to minimize the pain of breaching the $16.7 trillion debt limit, according to Treasury officials briefed on the testimony. But Lew will also note that in an unprecedented situation in which he would be relying entirely on the erratic flow of incoming revenue, the economy would suffer and there would not even be certainty that the government could make all interest payments.

With anxiety growing about that outcome, Republicans in the House and the Senate were floating ideas Wednesday for raising the debt limit - if only for a short time - in hopes of forcing President Obama to the negotiating table.

One of the most significant ideas was brewing in the House, where Budget Committee Chairman Paul Ryan (R-Wis.) briefed conservatives on a plan to raise the debt limit for six weeks, which would give party leaders time to negotiate a broad agreement to overhaul the tax code and trim federal health and retirement spending.

[cfc1] 10/10/2013 09:25

Leeds - I didn't understand that reply??

[leedskier] 10/10/2013 09:13

cfc1, it seems they also serve who only post the news ;

[cfc1] 10/10/2013 08:44

Thanks Leeds...that is THE most useful RBS post re thinking around 'bad bank' I have seen anywhere - great news for the BB!!!

[gcom2] 10/10/2013 08:32

LONG AND STRONG