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[Merged]Brexit stuff

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    Originally posted by Eirikur View Post
    My clientco decided to invest in a EU based datacentre in stead of a UK based one thanks to Brexit. Good for me as I will tally up loads of FF miles
    Who is the client?


      Not sure if i ought to post this in both the good news and bad news threads as it seems to contain a bit of both. Hargreaves Lansdown's take on the LBG results:

      Originally posted by HL
      Lloyds have delivered another set of solid results. A low and improving cost/income ratio, robust net interest margin and healthy CET1 (tier 1 common capital) ratio are all signs of a thriving bank. That has allowed Lloyds to boost its interim dividend and continue its commitment to a progressive and sustainable ordinary dividend.

      Unfortunately conditions today are very different from just five weeks ago.

      The group has said that, although the exact impact of the EU referendum remains dependent on uncertain economic and political outcomes, a deceleration in growth in the UK seems likely. As a result the bank is lowering its expectations for full-year capital generation to 1.6% (versus 2% previously expected).

      While the bank remains well-capitalised, with a strong balance sheet, lower capital generation is likely to affect its ability pay dividends. The bank has previously indicated that it would consider capital in excess of 12% CET1, plus an amount broadly equivalent to a further year's ordinary dividend, to be surplus and look at returning it to shareholders. There's no restatement of those numbers in today's results and any fall in capital generation would suggest that future special dividends in particular might be in the firing line.

      Cost-cutting continues, with the already market leading cost-to-income ratio continuing to fall this half and expected to be below FY15. Responding to the increasing digitalisation of retail banking Lloyds has announced the closure of a further 200 branches today, cutting 3,000 jobs by the end of 2017. The group's net interest margin, the difference between the price at which it takes in deposits and price it loans out money, is expected to stay steady at 2.7%.

      None of this should be taken as writing Lloyds off. It remains a well-capitalised, robustly profitable bank. Going forwards the low cost:income ratio should underpin the ordinary dividend, although falling capital generation will likely hamper specials.

      This latest dividend now cuts the government's breakeven price on the Lloyds bailout to just 7.5p, well below the current price of 54p. Private investors are still waiting on tenterhooks to learn if the new chancellor is still planning to go ahead with the public sale on the terms agreed by his predecessor.


        Brexit effect on economy

        Not that great so far:

        Jobs and investments:
        Lloyds Banking Group Plc - Cut jobs
        Virgin Money Holdings (UK) Plc - Postponed lending
        Ryanair Holdings Plc - Investment shift
        Burberry Group Plc - Investment freeze
        JPMorgan Chase & Co. - Relocate jobs
        Gam Holding AG - Reassessing location
        Airbus Group SE - Reassessing location
        Trinity Mirror Plc - Reassessing location
        Hankook Tire Worldwide Co. - Reassessing location
        Ford Motor Co. - Reassessing location
        Publicis Groupe SA. - Reassessing location
        Siemens AG - Investment freeze

        Capital & Counties Properties Plc - Lowered land value
        Wizz Air Holdings Plc - Cut capacity
        Svenska Cellulosa AB SCA - Price increase
        Delta Air Lines Inc. - Cut capacity
        Headlam Group Plc - Price increase
        Grafton Group Plc - Lowered profits
        International Consolidated Airlines Group SA. - Lowered profits
        Foxtons Group Plc - Lowered profits

        GlaxoSmithKline Plc - Sales boost
        Terra Firma Capital Partners Ltd. - Sale of asset
        ARM Holdings Plc - Stock boost / Cheaper acquisition price
        Rentokil Initial Plc - Profits boost
        Johnston Press Plc - Profits boost
        British Foods Plc - Profits boost
        Diageo Plc - Earnings boost
        British American Tobacco - Earnings boost

        L'Oreal SA - Reassessing location
        Paris-based cosmetics company has postponed plans to lease 150,000 square feet of space as its London headquarters, for at least three months.

        Vodafone Group Plc - Reassessing location
        The mobile network operator said it would consider moving its headquarters outside the U.K. unless the government negotiates continued access to the EU's single market and workers.

        EasyJet Plc - Reassessing location
        The low-cost airline said it might need to register its corporate headquarters in another EU country if it acquires an air operator's certificate there following Brexit.

        Exedy Corp. - Reassessing location
        The Japanese car-parts maker may have to consider moving its U.K. office to continental Europe, board member Hiroshi Toyohara said.

        Oh well. Not so many winners as promised.

        more details here :http://www.bloomberg.com/graphics/20...anies-tracker/
        Last edited by diseasex; 28 July 2016, 12:28.


          Originally posted by diseasex View Post
          Oh well. Not so many winners as promised.
          And 5 weeks has passed. You'd have thought everything would have been done and dusted by now too!!

          “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”


            Originally posted by shaunbhoy View Post
            And 5 weeks has passed. You'd have thought everything would have been done and dusted by now too!!

            Nah i'm not saying anything. So far it seems to me theres less investment and less jobs. Hope for best future though!


              Maybe we should wait until everyone stops "reassessing"?
              “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”


                Most of the losers are corp tax dodging, slave/immigrant/work permit loving companies, upset their low pay, low tax, high profit business is being "threatened".

                Let them fook off, the market has many better companies to fill the void.


                  Originally posted by shaunbhoy View Post
                  Maybe we should wait until everyone stops "reassessing"?
                  tell that to lloyds employees


                    It was all predicted. Brainless uneducated brexiteers however never had a job and have nothing to lose (well they will lose thier benefits as there won't be enough tax revenue to sustain them all)


                      Tractor production is forecast to increase by 300% following the Brexit vote.