Royal Bank Of Scotland Share Discussion Threads

[leedskier] 04/1/2018 07:37

NXT may have had a Happy Christmas online, but not so Debenhams

David Buik‏
@truemagic68

DEBENHAMS posts worrying profits warning after dire sales over holiday period - shares may be down 20-25%!

[leedskier] 03/1/2018 15:57

Same old same old London Markets.

[leedskier] 03/1/2018 09:50

The UK construction sector achieved a moderate expansion of business activity at the end of 2017, although the recovery remained uneven and slowed overall since November. Construction companies indicated that another strong contribution from house building helped to offset subdued civil engineering activity and reduced volumes of commercial work.

Total new orders picked up at the fastest pace for seven months in December, which provides a positive signal for construction workloads in the short-term. Resilient demand and forthcoming project starts also led to greater job creation and the strongest increase in input buying for two years.

However, construction firms indicated that longer- term business confidence is still relatively subdued, largely reflecting concerns about the domestic economic outlook. Exactly 37% of the survey panel forecast a rise in construction activity over the course of 2018, while around 11% anticipate a reduction. As a result, the balance of UK construction companies expecting growth in the year ahead remains among the weakest recorded by the survey since mid-2013.

[leedskier] 03/1/2018 08:35

Next has raised hopes for the retail sector by revealing a better than expected Christmas, with strong online sales offsetting a fall at its high street stores.

In a trading statement, the clothing and home chain said sales rose 1.5% in the 54 days to 24 December. A fall of 0.3% had been forecast.

Shares in Next, the first major retailer to report on festive trading, jumped almost 10% in early trading. Marks & Spencer and Primark-owner Associated British Foods were also up, rising about 3%, on hopes that they may also have fared better than expected.

The retailer upgraded its profit expectations for the year to January by £8m, to £725m, after sales benefited from the colder weather in the run up to Christmas. Profit guidance is now between £718m and £732m and performance will depend on the clearance sales in January.

Next said that all its growth came online, where sales rose 13.6%. The chain’s high street stores suffered a 6.1% slump. That pattern is expected to be repeated across the retail sector as companies including Marks & Spencer, Debenhams, John Lewis and House of Fraser next week reveal how they fared over the most important part of the trading year.

[leedskier] 02/1/2018 08:58

FTSE 100's pension black hole hits eye-watering £705bn



The Royal Bank of Scotland poured £4.5bn into its group pension fund last year, joining 51 others on the FTSE 100 index that made “significant” contributions to their pension funds, according to JLT Employment Benefits.

[leedskier] 02/1/2018 08:21

Another nip at the ankles of TM is the likely end of her insistence that bona fide students from overseas should be counted (and treated as) immigrants. Her obsession with making life difficult for students included her claim -- entirely false -- that 100K students overstayed annually when it fact the real number is 5K.

Anyway it appears even Amber Rudd is against her on this one, so clearly TM's paranoia is not shared in the Home Office. Even Boris is against her on this one.

[leedskier] 02/1/2018 07:57

The story of the day is the 3.4% rise in rail fares which has united the labour Party, trade Unions and many Tory MP's and wait for it, even the Govt Minister with responsibility for transport.

So how does it come about that these rail fare increases occurred?

Why didn't the Govt nip them in the bud?

Yet another example of the Govt being in power but not control.

[polar fox] 01/1/2018 16:22

While it's quiet, Bloomberg wrote an editorial during the holiday on the subject of Trump failing to staff key positions, apparently as a matter of policy. I've cut the excerpt below, since it adds some interesting context to the fact that the DoJ has vacancies still, which in turn is probably contributing to the lack of action/momentum regarding the all-important fine - it isn't just the Senate, in other words.

Quote

In at least one respect, Donald Trump's presidency is already historic: Never before has a president left so many senior jobs vacant for so long. If his goal is to downsize the bureaucracy -- not a terrible idea -- then he is going about it in a spectacularly wrongheaded way.


There are 624 senior appointed positions in the federal government that require confirmation by the Senate,.... For nearly 250 of those jobs, the White House hasn't yet nominated anyone at all. Of the 371 candidates Trump has named for key positions, 240 have been confirmed, along with 49 lower-level nominees, for a total of 289. (By comparison, his four predecessors all had at least 400 confirmed nominees at this point.)

Unquote

The editorial goes on about managerial malpractice and possible illegality and such like, but you get the idea. Actually, I wonder whether Trump is personally aware that a major foreign bank is ripe for a huge multi-billion dollar fine - surely he would like to see that cash in the government pot ASAP??? But that's his problem.

[sharesoc] 01/1/2018 16:08

RBS Campaign Update 10 – 161 forms submitted, press release issued and huge media coverage

[leedskier] 28/12/2017 07:11

Copper 3 month $7,240.00 a MT

[leedskier] 28/12/2017 07:07

David Buik‏
@truemagic68

Cable $1.3423, €/£0.8877, €/$1.1918, $/¥113.01 - Gold $1293.90 - Nymex $59.76, Brent $66.57

IGSquawk‏Verified account
@IGSquawk

European Opening Calls:
#FTSE 7629 +0.10%
#DAX 13068 -0.01%
#CAC 5367 -0.03%
#MIB 22171 -0.14%
#IBEX 10148 -0.17%

[leedskier] 27/12/2017 06:24

IGSquawk‏ Verified account
@IGSquawk

European Opening Calls:
#FTSE 7605 +0.16%
#DAX 13092 +0.15%
#CAC 5375 +0.19%
#MIB 22252 +0.19%
#IBEX 10197 +0.15%

[smurfy2001] 24/12/2017 22:05

Merry Xmas to all and all the best for the new year

[maxk] 24/12/2017 09:44

Trump imposes backdoor tax on British banks, says EY


Tommy Stubbington
December 24 2017, 12:01am,
The Sunday Times


Donald Trump’s sweeping tax overhaul is set to hit some of Europe’s biggest lenders with a backdoor levy.

The “America first” measure buried in the tax plan, which the president signed into law on Friday, will leave overseas banks facing US funding costs 25% higher than their American rivals, according to analysis by the consultancy EY.

In an early sign of the financial implications for international banks, Credit Suisse said late on Friday that it expected to write down the value of its US business by £1.7bn as a result.


More if you sign up:

[tradejunkie2] 22/12/2017 17:38

Happy Christmas.

[maxk] 22/12/2017 15:40

Cheers leeds.

[hoodedcrow] 22/12/2017 15:01

Seasons Greetings to one and all!

[leedskier] 22/12/2017 14:23

Seasons greetings to all.

[smurfy2001] 22/12/2017 10:02

Just doesn’t want to goto 270 anymore ugh.