Royal Bank Of Scotland Share Discussion Threads

[grahamite2] 24/8/2017 10:42

Always a very nice thread leedskier but it almost seems to be just you these days!

I'm thinking of facing reality, taking the hit and moving on.

[leedskier] 24/8/2017 10:42

Whilst the cat is away ... (on its hols) the mice play.

On Monday this week FTSE100 PFG (a sub prime lender) fell a whopping 66%, from £17.45 to £4.50.

At pixel time it is £8.

We are not talking private investors flicking the roulette wheel, this is wheel is under the control of the professional players.

How can anyone be expected to take the market seriously?

[leedskier] 24/8/2017 10:02

Pretty obvious that with the £ trading at less than €1.10, the UK is no longer an attractive destination to come and work, especially given that minimum pay is now far higher in the Republic of Ireland, to name but one example, coupled with souring food inflation.

[leedskier] 24/8/2017 09:59

On cue, the ONS reveals that numbers are falling.

[leedskier] 24/8/2017 08:14

The weaker £ is to blame, say Dixons.



Dixons Carphone has warned of a steep fall in profits this year, as customers hold on to their phones for longer after the weaker pound pushed up the price of new handsets.

In an unscheduled trading statement, the company said it expects profits in the range of £360 to 440m this year, down from £501m last year. Analysts had on average been forecasting a profit of £495m.

Dixons said the UK mobile phone market had become tougher in the last few months. Due to currency fluctuations – including the sharp fall in the pound since last year’s Brexit vote – handsets have become more expensive, so people are keeping their phones longer before upgrading to a new model.

Chief executive Seb James said: “We have seen an increased number of people hold on to their phones for longer and while it is too early to say whether important upcoming handset launches or the natural life cycle of phones will reverse this trend, we now believe it is prudent to plan on the basis that the overall market demand will not correct itself this year.”

[leedskier] 24/8/2017 07:43

According to an article in one of the broadsheets this morning, the Home Office is to review its migration stats now believing them to significantly overstate the number of overseas students who actually remain after study.

Given this article, the case for reducing migration is in any event becoming thin.

[leedskier] 24/8/2017 07:34

Aug 24 Britain's FTSE 100 index is seen opening up 10 points on Thursday, according to financial bookmakers.

[leedskier] 23/8/2017 13:59

The Home Office is not just not fit for service, it is in chaos.

At some point the Home Secretary will have to persuade the Treasury to fund the extra £billions of additional spending to enable it to provide an efficient operation to ensure that it acts within the law whilst attempting to meet Theresa May's immigration target.


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A Home Office spokesman said Dr Holmberg’s letter should not have been sent, and was one of “around 100” wrongly issued.

He said: “A limited number of letters were issued in error and we have been urgently looking into why this happened.

"We are contacting everyone who received this letter to clarify that they can disregard it.

“We are absolutely clear that the rights of EU nationals living in the UK remain unchanged.”

[sux_2bu] 22/8/2017 18:55

25.4p. Crikey.


100p (10p) coming

[leedskier] 21/8/2017 09:13

The 2004 movie, "I,Robot", may yet become reality.

[leedskier] 21/8/2017 07:18

Entirely off topic ... this weekend a second US destroyer has collided with an 'innocent' cargo ship in Asia. The first collision was in June off the coast of Japan, causing the deaths of seven US sailors, the latest collision was off the coast of Singapore and 10 US sailors are 'missing'.


All very embarrassing for 'the Donald'.

[leedskier] 21/8/2017 06:49

Jackson Hole --- Draghi is speaking this year. I guess the markets will be bracing ahead of all of that. US Treasury yields have been slipping over the last couple of weeks too.

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About the Economic Symposium

Each year since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing the U.S. and world economies. Symposium participants include prominent central bankers, finance ministers, academics, and financial market participants from around the world. The participants convene to discuss the economic issues, implications, and policy options pertaining to the symposium topic. The symposium proceedings include papers, commentary, and discussion.

The 2017 Economic Symposium, "Fostering a Dynamic Global Economy," will take place Aug. 24-26, 2017. (The program will be available at 6 p.m., MT, Aug. 24, 2017)

[leedskier] 21/8/2017 06:25

Another day in the doldrums beckons.

[leedskier] 18/8/2017 08:12

7,336.17 -51.70 (-0.70%)

[smurfy2001] 17/8/2017 18:25

Never ending but also laughable that they blame it on Libor.

[maxk] 17/8/2017 18:02

H/T to mro


US launches $400bn Libor case

Rate-rigging by British lenders ‘fuelled failure of American banks’



Harry Wilson, City Editor


August 17 2017, 12:01am,
The Times



The US government has filed what could be the largest Libor scandal- related lawsuit yet against some of Britain’s biggest lenders, alleging that their role in rigging borrowing rates had played a part in the collapse of American banks once worth more than $400 billion.

The Federal Deposit Insurance Corporation has begun a High Court claim against banks including Barclays, Lloyds Banking Group and Royal Bank of Scotland, alleging that they colluded to hold down borrowing rates for several years, a practice known as “lowballing”, to give the market a false idea of their financial health. In legal papers filed last month, the corporation claimed that nine banks, which also include Deutsche Bank and UBS, acted with the British Bankers’ Association to orchestrate the “sustained…




More, but you have to register:

[gcom2] 17/8/2017 14:28

smurfy, good move dumping this pile at 26.5p