Laith Khalaf - Hargreaves Lansdown

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Last quote by Laith Khalaf

Finally there's also Brexit in the mix, and the unknown effect this will have on the UK economy, and government finances. All of this means the chancellor's spreadsheets will tell him he doesn't have a great deal of room for manoeuvre on budget day.feedback
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Oct 20 2017
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: “Given record low unemployment and surprisingly robust retail sales, it's not hard to see why the Treasury is making inroads on bringing its borrowing back in line. Despite the improving fiscal outlook, we can't expect too many giveaways in the forthcoming budget. While the deficit is falling, the government still owes an eye-watering amount of money. What's more, the imaginary pie of future tax revenues that the chancellor has to play with is expected to be trimmed back significantly, thanks to an adjustment to economic projections made by the OBR.” in the article UK budget deficit narrows to lowest September level since 2007.
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Laith Khalaf quotes

Jul 10 2017

Overall we anticipate the funds market will gradually polarise to low cost passive funds at one end of the spectrum and high performance active funds at the other. The middle ground, inhabited by expensive passive funds and mediocre active funds will become increasingly squeezed.feedback

Jul 10 2017

Some passive funds have cut costs significantly, but there are still some more expensive trackers out there so investors still need to do their homework.feedback

Jul 10 2017

Judging by this announcement, the board are prepared to do everything it takes in order to save the ship. But talk of a review of capital structure, and the ongoing debt problem, will leave investors worried that a significant rights issue could be on the horizon.feedback

Jul 06 2017

Despite weak wage growth and rising prices, consumers are continuing to spend by racking up more debt. That of course helps keep the wheels of the economy turning, but stores up problems for the future.feedback

Jul 05 2017

The good news is household income has also risen over this period, which along with low interest rates make this debt more affordable.feedback

Jul 05 2017

UK lenders have written off £2.5bn of bad consumer loans over the last year. This compares to £6.8bn in 2007.feedback

Jul 05 2017

While cash savers have undoubtedly felt the pinch from lower interest rates, there have been benefits for borrowers which have helped support the economy.feedback

Jun 22 2017 - Brexit

Inflation is gradually ratcheting up the pressure on consumers. Dixons Carphone, Travis Perkins and Berkeley Group are three companies who can attribute a large part of their relegation from the benchmark FTSE 100 index to concerns over consumer demand stemming from Brexit.feedback

Jun 22 2017 - Brexit

The main financial effect of Brexit has been felt in the pound. Holidaymakers have probably been the most obvious losers from Brexit so far, though inflation is also gradually ratcheting up the pressure on consumers more broadly. The resurgence of inflation makes the low interest rate environment even more punitive for cash savers because their money is losing its buying power even faster.feedback

Jun 22 2017 - Brexit

All of the top 10 performing stocks have significant international earnings which have helped propel their stock price performance thanks to weaker sterling. There are other factors at play too however; for instance commodity producers Glencore and Antofagasta have benefited from price rises in the stuff they dig out of the ground.feedback

Jun 20 2017

Barclays now finds itself facing yet another regulatory battle...Skeletons seem to be jumping out of lots of closets at once for Barclays.feedback

Jun 16 2017 - Amazon

To hear that it's actually buying an existing retailer confirms its intentions in the area and that obviously leads to further competition in what is already a fiercely competitive market.feedback

May 18 2017 - Amazon

Royal Mail has posted a solid set of results against a challenging backdrop...A decent rise in full-year dividend, combined with share price falls over the last year, means the stock is now yielding over 5 percent.feedback

May 17 2017 - Scottish independence

If the government sold at a loss it wouldn't make particularly pleasant headlines for the Treasury, but they seem to be coming round to acceptance that they may have to do that.feedback

Apr 21 2017 - Brexit

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

Apr 21 2017 - French election 2017

So far markets have been pretty sanguine in the face of the (French) presidential election, which was flagged as one of the potential banana skins for markets in this year. There may be a bit of political weariness among investors, but also they may just be thinking that, actually, they're not going to place market bets based on political events, and that would be an entirely sensible strategy.feedback

Apr 19 2017 - London

It is very difficult to pinpoint at this stage because we don't know what's going to happen in the election. If you look at what is expected at the moment, a stronger Conservative government, then actually I think markets would probably react quite positively to that. But I think there is still a lot of electioneering to go, and the one thing that we have learned recently is not to predict the outcome of political events.feedback

Apr 19 2017 - London

As we know, polling is not an exact science and there are probably many spills and thrills to come over the next six to seven weeks or so.feedback

Apr 13 2017

With a highly unionised workforce, which has in the past shown itself willing to flex its muscle in defence members' rights, introducing an alternative plan is likely to prove costly. Whether those costs will be in the form of chunky employer contributions to a new defined contribution scheme or lost revenue from industrial action remains to be seen.feedback

Mar 29 2017 - London

Real estate investment companies are the most obvious casualties of the Brexit vote, pushed lower by doubts over the UK property market, particularly in London.feedback

Mar 29 2017

Investors in smaller companies tend to be long term by nature, and have perhaps been more willing to ride out the ups and downs following the referendum.feedback

Mar 19 2017

A lower capital base will affect the potential for these funds to generate high levels of income in the long run.feedback

Mar 16 2017

As you hit your 70s you probably need to take a less risky approach to the shape of your portfolio. However, given the big jumps we have seen in life expectancy, you could still be invested for a considerable time, particularly if you plan to hand down your assets to the next generation.feedback

Mar 11 2017

The dividend allowance now looks like a Trojan horse that was used to smuggle higher rates of dividend tax into the system. Ordinary investors are now vulnerable to paying much more tax on their dividends unless they use tax shelters to protect their income-producing funds and shares. Tax shelters are now investors' best line of defence against the encroachment of dividend tax. The higher Isa allowance allows investors to shelter more of their wealth from the taxman, if they make full use of their allowances.feedback

Mar 11 2017

In this situation, the investor has avoided any additional tax stemming from the reduced dividend allowance by making judicious use of their Isa allowance each year. Investors with bigger portfolios would still face some additional dividend tax even if they made the most of all three years' Isa allowance, though this would still be significantly reduced.feedback

Feb 23 2017

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

Feb 21 2017 - HSBC Bank

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

Feb 09 2017

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

Feb 08 2017

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

Nov 30 2016

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

Nov 09 2016

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

Nov 07 2016 - HSBC Bank

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

Oct 27 2016

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

Oct 27 2016

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

Oct 26 2016

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

Oct 25 2016

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

Oct 21 2016

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

Oct 11 2016

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

Oct 11 2016

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

Oct 11 2016

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

Oct 10 2016 - Deutsche Bank

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

Sep 01 2016

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

Sep 01 2016

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

Sep 01 2016

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

Aug 31 2016

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

Aug 29 2016

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

Aug 22 2016

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

Jul 29 2016

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

Jul 28 2016

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

Jul 05 2016

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

Jul 05 2016

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

Jul 05 2016

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

Jul 01 2016

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

Jul 01 2016 - Twitter

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

Jul 01 2016

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

Mar 01 2016

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

Feb 26 2016

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

Feb 25 2016

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

Jan 25 2016

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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