Laith Khalaf - Hargreaves Lansdown

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Last quote by Laith Khalaf

Of the UK banks, Lloyds has cleaned up its act fastest since the financial crisis. The share price was badly hit by Brexit, but Lloyds has recovered much of its poise since, thanks to some decent numbers from the bank itself and from the wider economy.feedback
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Apr 21 2017 Brexit
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Laith Khalaf is associated, including U.K. and UK. Most recently, Laith Khalaf has been quoted saying: “Of the UK banks, Lloyds has cleaned up its act fastest since the financial crisis. The share price was badly hit by Brexit, but Lloyds has recovered much of its poise since, thanks to some decent numbers from the bank itself and from the wider economy.” in the article Britain draws line under Lloyds rescue with $26 billion recovery.
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Laith Khalaf quotes

Lower PPI (payment protection insurance) costs and currency tailwinds have helped boost profits at Barclays, while good progress has been made in winding down the bad bank that has been holding the group back.feedback

The bank is a shining example of how the decline in sterling has bumped up the price of some of the UK's largest companies, without much progress in underlying profits. Despite an underwhelming set of full year results, HSBC is making progress in de-risking and restructuring, and ultimately the bank's focus on the Far East could be its trump card if the Chinese economy starts to fire on all cylinders.feedback

Times are tough in the European travel industry and Thomas Cook isn't having the best of it, though the good news is (that) things don't seem to be getting any worse.feedback

A ban on this kind of product would have been overkill.feedback

RBS is still the weak link in the UK banking chain, almost a decade after the financial crisis came close to wiping the bank out. ... Unlike most of its peers, RBS doesn't have the luxury of a dividend it can cut to support its capital position.feedback

Overall, a Trump victory has so far failed to trigger the global stock market panic that many expected. As with Brexit, this is a cautionary reminder not to try to base investment strategies on the outcome of political events.feedback

If you look at the underlying numbers, actually those showed that if you strip out the one-off items, revenues were up, costs were down and profits were up, and those are three things that markets like.feedback

Barclays still has work to do, but there's an increasing amount of light at the end of the tunnel. However despite the bank's international exposure, it is still vulnerable to poor economic conditions in the UK, so if we do get a Brexit-induced slowdown, Barclays will feel the burn.feedback

Most people will be thinking now is the time to sit tight and shut up shop but unlike normal investors, the chancellor has an eye on government debt levels and the upcoming autumn statement.feedback

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.feedback

The strength of Premier Inn and Costa is being tested, not least by the National Living Wage, which has raised staffing costs.feedback

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.feedback

The concern will be that a reversal in fortunes for the currency could see the gains wiped off as quickly as they appeared.feedback

On the face of it, RBS was looking to boost its own revenues potentially by damaging and pushing other business to the brink.feedback

Depending on what they find that could mean public enforcement action, public naming and shaming and it could mean fines.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

Lloyds still has a robust capital position ... However, lower capital generation impinges on the bank's ability to return cash to shareholders.feedback

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.feedback

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.feedback

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.feedback

With interest rates approaching zero, the Bank of England is testing the limits of its powers.feedback

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.feedback

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.feedback

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.feedback

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.feedback

RBS is heading in the same direction as Lloyds and will probably get there, but it's going to be a long haul.feedback

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.feedback

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