Lloyds Banking Group: Q1 results analysis May 7, 2019 | City Talk By Graeme Evans from interactive investor. After a stunning share price performance, do these 'hit and miss' results justify optimism? Lloyds Banking Group (LSE:LLOY) investors, in need of a silver lining after an underwhelming earnings season from UK lenders, only have to look back 24 hours earlier to the surprise gift handed to the bank [...]
Car sales fall as removal of subsidies and Brexit take toll May 7, 2019 The number of new cars registered in the UK fell 4.1 per cent in April compared to the year before, as demand among consumers shrank, according to official figures released today. Read more: Brexit stockpiling slowdown hurts UK manufacturing growth Meanwhile, registration of new plug-in hybrids declined dramatically, falling 34.4 per cent year-on-year. The drop [...]
This series of UK politics feels suspiciously like daytime TV May 7, 2019 Last week’s local elections were a democratic amuse bouche. A mere mouthful of popular sentiment, sending a message to the political elite that an offering meant to delight the taste buds has fallen as flat as a soggy souffle. Like a daytime TV rerun of MasterChef, it involved lots of familiar names and tried but [...]
Britain’s low import costs could be hit by Brexit, new analysis shows May 7, 2019 The UK has far lower import costs in percentage terms than the US and China, analysis by accountancy firm UHY has shown, with Britain paying 0.5 per cent in duties on its imports in the 2017-18 financial year. Read more: Liam Fox: A post-Brexit customs union would be 'worst of all worlds' Meanwhile, the US [...]
Business confidence steadies on Brexit delay decision May 7, 2019 Business confidence has stayed steady for the first time in 12 months as the prospect of an imminent UK exit from the EU recedes. According to an index from the Institute of Chartered Accountants in England and Wales (ICAEW), business confidence stood at -16.6 per cent in the second quarter, similar to 16.4 per cent [...]
Fix Brexit, unlock investment – and maybe we can all work a little less May 7, 2019 Did you enjoy your day off yesterday? Nice, wasn’t it, coming so soon after the extended Easter break? Plus there’s another bank holiday in just three weeks from now. Happy days. Square Mile workaholics aside, most of us would prefer to have a little more leisure and a little less time in the office – and [...]
Royal Bank of Scotland undone by Brexit May 6, 2019 | City Talk By Graeme Evans from interactive investor. These were a 'noisy' set of Q1 results from RBS, but probably look 'worse than the reality'. Back in the dividend-paying ranks and with shares up by as much as 25 per cent in 2019, The Royal Bank of Scotland (LSE:RBS) provided investors with a reality check as the state-backed lender [...]
John McDonnell says Prime Minister Theresa May ‘cannot be trusted’ after leaks May 5, 2019 Labour has claimed Theresa May has broken the terms of confidential cross party talks on a Brexit compromise and can no longer be trusted. Read more: May calls on Labour to 'put differences aside' on Brexit Shadow chancellor John McDonnell said this morning the Prime Minister had “blown the confidentiality” after details of the negotiations [...]
Warren Buffett wants to make ‘very large acquisition’ in UK despite Brexit May 5, 2019 Warren Buffett has made clear his intentions to make a “very large acquisition” in Britain, despite the cloud of economic uncertainty from Brexit negotiations showing little sign of lifting. Read more: Warren Buffett backs Anadarko bid with $10bn Occidental investment The veteran US investor said he would like to make more of a name for [...]
May calls on Labour to ‘put differences aside’ to clinch cross-party Brexit deal May 5, 2019 Theresa May has urged opposition leader Jeremy Corbyn to help her “break the deadlock” on Brexit by putting their disagreements to one side. Read more: Brexit bites: Tories and Labour suffer local election backlash Britain was supposed to leave the EU on 29 March, but the deadline has now been extended to 31 October after [...]