Last quote by Laith Khalaf
Laith Khalaf quotes
Things haven't got any worse for Lloyds over the summer, which under the circumstances is a positive result. However the fall in bond yields has taken a toll on the Lloyds pension scheme, which has swung from having a surplus to being in deficit... (and) the spectre of PPI has raised its ugly head again, costing the bank £1 billion in the third quarter.
The strength of Premier Inn and Costa is being tested, not least by the National Living Wage, which has raised staffing costs.
It has been a bit of a mixed bag. That's what you get when you've had the currency fluctuating, which has created a bit of a division in terms of who is doing well out of that, and you've also got a very ...low-growth world, which some companies can prosper in and others can't.
The concern will be that a reversal in fortunes for the currency could see the gains wiped off as quickly as they appeared.
On the face of it, RBS was looking to boost its own revenues potentially by damaging and pushing other business to the brink.
Depending on what they find that could mean public enforcement action, public naming and shaming and it could mean fines.
Litigation is a real Sword of Damocles hanging over the bank at the moment and until that is out of the way it is very difficult to see a reason to invest in RBS.
Tracker funds have gone from strength to strength in recent years in terms of popularity, with investors using them in tandem with active funds to build a balanced portfolio. Cost has really come under the spotlight thanks to the tracker price war, and we continue to negotiate fund fees down for both active and passive funds on behalf of our clients.
The referendum result took a real toll on the pound, so the more data we get shrugging off Brexit, the more we can expect sterling to rise.
There are still many twists and turns left to be navigated in Britain's exit from the EU, and with parliament re-opening next week, we will start to build a picture of how the government intends to try to steer the process.
The market seems to be relatively buoyant and that's not really surprising given that interest rates are so low. There's not many other options in terms of where money is going to flow other than the stock market, given the historic low yields on bonds and cash not really producing very much.
I think the main problem for the second half of the year is the uncertainty caused by Brexit, though that's likely to persist for two years or more, so I suspect companies are likely to roll up their sleeves and get on with their business.
On the one hand you've got the possibility of an economic downturn, but equally you've got really low mortgage rates, and you also have a very large imbalance in the supply and demand of housing ... and that's going to help support property prices.
Barclays is a bit of a Jekyll and Hyde character at the moment, but Doctor Jekyll is starting to gain more control, as all the grisly bits of the bank get wound down.
Lloyds still has a robust capital position ... However, lower capital generation impinges on the bank's ability to return cash to shareholders.
The dominos are starting to fall in the U.K. commercial property market, as yet another fund locks its doors on the back of outflows precipitated by the Brexit vote. It's probably only a matter of time before we see other funds follow suit.
Closed-ended property funds at least provide investors the chance to sell out during market upheaval, though widespread selling serves to depress share prices and widen discounts in times of stress.
Given the outflows the sector seems to be experiencing, this could well put downward pressure on commercial property prices. The risk is this creates a vicious circle, and prompts more investors to dump property, until such time as sentiment stabilizes.
With interest rates approaching zero, the Bank of England is testing the limits of its powers.
The U.K. is now officially through the looking glass, as the Brexit vote has pushed Gilt yields below zero for the first time. Remarkably markets are now expecting interest rates to lurch downwards, despite already being at record lows.
The ultra-low interest rate environment paints a depressing picture of our economic prospects, though the Gilt market has been so heavily tainted by central bank interference, it's hard to know how reliable an indicator it is.
Cleaning is very much still in progress at Barclays, as the group seeks to focus its business around its core strengths and mop up the grisly legacy bits that are still weighing the bank down.
On the one hand the bank is downsizing, de-risking and cost-cutting, while at the same time conduct charges are playing havoc with overall profitability.
RBS is the Jekyll and Hyde of the UK banking sector, and at the moment it's hard to see who is in control. On the one hand the bank is downsizing, de-risking and cost-cutting, while at the same time conduct charges are playing havoc with overall profitability.
RBS is heading in the same direction as Lloyds and will probably get there, but it's going to be a long haul.
Oversupply commodities is a key factor in market movements at the moment. The general malaise in the market is affecting all stocks. The deflationary effect of lower commodity prices also means a delay to interest rate rises.