interestrateripoff Posted July 28, 2016 Share Posted July 28, 2016 http://uk.mobile.reuters.com/article/businessNews/idUKKCN1080GG More recovery. Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted July 28, 2016 Share Posted July 28, 2016 Don't worry, there's plenty of zero hour positions available. The tax payer will top these guys up. Just throw it on the debt pile that's costing us £1.4Bn a week in interest - the media have only reported on this once in the last 5 years....nobody's paying attention.... Quote Link to comment Share on other sites More sharing options...
muggle Posted July 28, 2016 Share Posted July 28, 2016 McDonald's are hiring.. http://news.sky.com/story/mcdonalds-to-create-5000-new-jobs-in-uk-10514237 Quote Link to comment Share on other sites More sharing options...
thewig Posted July 28, 2016 Share Posted July 28, 2016 3,000 more potential entrepreneurs to get into BTL, innit? Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted July 28, 2016 Share Posted July 28, 2016 McDonald's are hiring.. http://news.sky.com/story/mcdonalds-to-create-5000-new-jobs-in-uk-10514237 Those new jobs do seem very tempting:- All of the posts will offer flexible hours, but it is estimated that only about 20% of the roles will be for more than 30 hours a week. Flexible hours, you say? Quote Link to comment Share on other sites More sharing options...
Greg Bowman Posted July 28, 2016 Share Posted July 28, 2016 (edited) http://uk.mobile.reuters.com/article/businessNews/idUKKCN1080GG More recovery. Nothing to do with recovery , recession or Brexit as a good and detailed thread on here has discussed white collar automation will destroy millions of jobs .The banks were behind because of the 2008 crash but are investing and this is the result The average visitors a bank branch gets a day is less than 90 which will also affect back room staff Edited July 28, 2016 by Greg Bowman Quote Link to comment Share on other sites More sharing options...
jfk Posted July 28, 2016 Share Posted July 28, 2016 3,000 more potential entrepreneurs to get into BTL, innit? Just rent it out and raise the rent for mad gainz innit Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted July 28, 2016 Share Posted July 28, 2016 Nothing to do with recovery , recession or Brexit as a good and detailed thread on here has discussed white collar automation will destroy millions of jobs . The banks were behind because of the 2008 crash but are investing and this is the result The average visitors a bank branch gets a day is less than 90 which will also affect back room staff I had a call from my bank branch offering me to "come in for a chat and discuss better savings options". I said "coming in for a chat" is knocking a good 2 hours out of my day, and you can only ever offer me non-negotiable "savings products" which are already listed on your website". Quote Link to comment Share on other sites More sharing options...
Greg Bowman Posted July 28, 2016 Share Posted July 28, 2016 I had a call from my bank branch offering me to "come in for a chat and discuss better savings options". I said "coming in for a chat" is knocking a good 2 hours out of my day, and you can only ever offer me non-negotiable "savings products" which are already listed on your website". LOL exactly !!! Quote Link to comment Share on other sites More sharing options...
Funn3r Posted July 28, 2016 Share Posted July 28, 2016 Yes automation. Lloyds profits are up - they are not zapping all these poor people* because they can't afford them they are doing it because they don't need them. *before someone says "but they are only evil banksters", most of those 3000 will just be poorly paid branchdroids who will now struggle even harder to fund their BTLer's Range Rover lease. Quote Link to comment Share on other sites More sharing options...
Errol Posted July 28, 2016 Share Posted July 28, 2016 "come in for a chat and discuss better savings options". My question would be 'do you sell gold? If not, I'm not coming in'. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted July 28, 2016 Share Posted July 28, 2016 'Gotta sack 'em all!' Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 28, 2016 Share Posted July 28, 2016 Isnt this old news Quote Link to comment Share on other sites More sharing options...
Ah-so Posted July 28, 2016 Share Posted July 28, 2016 Digital is killing branches. Hardly anyone goes into them any more. Quote Link to comment Share on other sites More sharing options...
Timak Posted July 28, 2016 Share Posted July 28, 2016 Isnt this old news These are an additional 3000 jobs to those previously announced. It is inevitable I'd think, the only time I go into a branch is to pay in cheques. Even luddites like my parents only go into a branch about once a year nowadays. Quote Link to comment Share on other sites More sharing options...
Funn3r Posted July 28, 2016 Share Posted July 28, 2016 I don't even like going in because it feels like all their heads are turning and eyes zooming on a source of fresh meat to be sold something. It's like those zombie films. Quote Link to comment Share on other sites More sharing options...
winkie Posted July 28, 2016 Share Posted July 28, 2016 They could up debt interest rates, that should help pay the branches rents and save some jobs. Quote Link to comment Share on other sites More sharing options...
Timak Posted July 28, 2016 Share Posted July 28, 2016 Also company valuations are funny. Lloyds p/e ratio of 6, ARM holdings p/e ratio of 70. Lloyds £2b profit this half year, ARM Holdings £150m profits this quarter, annual sales around £1b.. Lloyds dividend roughly 5%, ARM Holdings roughly 0%. No doubt ARM is more exciting but surely Lloyds would be a better buy if you had loads of money to spend taking over a company? Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted July 28, 2016 Share Posted July 28, 2016 Horta-Osório was speaking as the bank reported a doubling of first half pre-tax profits to £2.5bn. He focused on the underlying profits – which exclude restructuring costs and other items – which were down 5% at £4.1bn. They're actually doing pretty well. As others have said, this isn't anything to do with Brexit, this is about structural changes in the banking industry. Even if it was anything to do with Brexit, there's no way an organization the size of Lloyds could prep and agree a plan to cut 3000 jobs in just a little over a month, this one has been brewing for ages. Quote Link to comment Share on other sites More sharing options...
thewig Posted July 28, 2016 Share Posted July 28, 2016 I don't even like going in because it feels like all their heads are turning and eyes zooming on a source of fresh meat to be sold something. It's like those zombie films. I feel like that going into any shop thinking about it. Quote Link to comment Share on other sites More sharing options...
ccc Posted July 28, 2016 Share Posted July 28, 2016 They're actually doing pretty well. As others have said, this isn't anything to do with Brexit, this is about structural changes in the banking industry. Even if it was anything to do with Brexit, there's no way an organization the size of Lloyds could prep and agree a plan to cut 3000 jobs in just a little over a month, this one has been brewing for ages. Opportunism at its finest. Lloyds latest Directors Group Meeting - Confidential Minutes: "Antonio - why not get rid of this lot and blame it on Brexit ?" "Rapido Rapido - Arriba arriba !!" Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted July 28, 2016 Share Posted July 28, 2016 I don't even like going in because it feels like all their heads are turning and eyes zooming on a source of fresh meat to be sold something. It's like those zombie films. Next time, put your trousers on first. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 28, 2016 Share Posted July 28, 2016 I don't understand. Cameron and Osborne promised us higher interest rates if we voted for Brexit. Quote Link to comment Share on other sites More sharing options...
NuBrit Posted July 28, 2016 Share Posted July 28, 2016 Also company valuations are funny. Lloyds p/e ratio of 6, ARM holdings p/e ratio of 70. Lloyds £2b profit this half year, ARM Holdings £150m profits this quarter, annual sales around £1b.. Lloyds dividend roughly 5%, ARM Holdings roughly 0%. No doubt ARM is more exciting but surely Lloyds would be a better buy if you had loads of money to spend taking over a company? Haha, I don't get it either. I bought some Lloyds yesterday because I thought they'd report decent numbers and increase the dividend. They managed to do both and the share price goes down Quote Link to comment Share on other sites More sharing options...
Errol Posted July 28, 2016 Share Posted July 28, 2016 (edited) They managed to do both and the share price goes down Buy the rumour. Sell the news. Fairly typical. Edited July 28, 2016 by Errol Quote Link to comment Share on other sites More sharing options...
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