UK

Ldn_twn_lvn

No, X has always been there, but it's a different kettle of fish In the UK, politicians are on there and so, if you start trash talking and wot not, you can be arrested if it's bad enough Reddit is a virtual Trash Town Saloon, nothing is very serious and you can say what you like for the.most part....most folks on here are amateur comedians anyhow The Grokkit things was just an example, I mean wotever new Platform comes along that is shinier and with more bells and whistles

Common-Method2202

Yep. HSBC got rid of it's regular consumer banks and decided to sell it all to Citizens. Citizens used to be an RBS subsidary. Here is a photo and a literal trademark listing as well: [https://tmsearch.uspto.gov/search/search-results/77852668](https://tmsearch.uspto.gov/search/search-results/77852668) https://preview.redd.it/rliv532ui0zh1.png?width=260&format=png&auto=webp&s=fc8bfde50de5cc835da5d5c8858c92c7b3192964 HSBC sold all low income users to Citizens but they kept all the higher income users. They basically redeployed in the US by targeting higher income people. That means there is a chance for HSBC indirectly become a status symbol of wealth in the US, similar to how Coutts is seen in the UK.

Common-Method2202

I would argue that UK banks are the best all around. They have had to compete with fintechs since day one of their forming like Revolut and Monzo. Many other banks in other countries have not had such intense competition like in the UK. This has caused UK banks to modernise much quicker vs other banks in other countries. RBS is the largest lender to SMEs in the UK as well. 

doesnt_like_pants

Yeah a 35 year old fool in the UK finance sector with £4m to my name having come from nothing lmao. I’ll take the fool moniker ☺️

Common-Method2202

Yeah but there is a very big factor which is that they aren't under govt ownership anymore. in 2020 the UK govt still held a majority like 60% of the bank. Now they own zero of the bank since 2025.

intelligentbug6969

It’s not globally systemic btw it’s a very different business now versus pre crises. It’s a very domestic focussed business now. Just a regular UK bank. Are you trying to suggest it could rerate because it could become what it once was?

George_Salt

UK banking stocks went up on the announcement, the banking tariff was much smaller than the market had anticipated. This thread has reminded me to research something I was thinking of the other day and got distracted from. There was a thesis proposed as a throwaway line in an article I was reading about the impact of the newer online challenger banks on the default risk of the traditional banks. Need to follow that up.

lostinthesolent

RBS are heavily exposed to UK consumer credit and the wider UK economy. Labour are doing there best to bankrupt the country so the price includes the risk of widespread consumer default

Outside_Natural7210

Where do you get your information from that the UK economy is in awful shape? One of the fastest growing economies in Europe. The sentiment is very positive right now. 

doesnt_like_pants

The point is more that it’s boomers who bank at Natwest and they’re liable to die. Young people don’t bank with Natwest in the UK. Monzo, Starling, Chase are where it’s at.

CommissionThis3447

but maybe getting to spesific is wrong. but UK they all have the look from the HOrn of africa. honsely. and the US travel vix guys have it at level 4. meaning "go now"

DarthCraw

RBS Group acquired the old NatWest Group, it merged in an operational sense, but RBS bought NatWest. That’s a well understood fact, including by the bank itself: In 2000 the Royal Bank of Scotland Group acquired [National Westminster Bank](https://www.natwestgroup.com/heritage/companies/national-westminster-bank-plc.html), along with its subsidiaries [Ulster Bank](https://www.natwestgroup.com/heritage/companies/ulster-bank.html), [Isle of Man Bank](https://www.natwestgroup.com/heritage/companies/isle-of-man-bank-ltd.html), [Lombard North Central](https://www.natwestgroup.com/heritage/companies/lombard-north-central-plc.html) and [Coutts & Co](https://www.natwestgroup.com/heritage/companies/coutts-and-co.html). https://www.natwestgroup.com/heritage/companies/natwest-group-plc.html This was much to the chagrin of the, now former, CEO Rose. She was lower management in old NatWest and apparently held a grudge long enough to see her change the name of the group. The rationale at the time was to reflect the larger customer base and try and disconnect the company from the baggage of the 2008 crisis, there is a thread of truth in that but it was largely nonsense of course. Infamously, she was later forced to resign having been way too facilitating in a conversation over dinner with a journalist, concerning a well known (in the UK at least) asshat.

Candlelight_Fant4sia

I usually don't invest in countries with no borders, after an invasion and an incoming civil war. That applies to most of the EU and UK.

CH-LOL

Do you actually have any backing for saying the UK economy is in an awful or is it just vibes? The UK GDP growth has been the second highest out of the G7 countries this year behind the US 

Low-Chair-7316

You must be new to UK stocks if you think this is a unique situation for a bank

Matt6453

Of all the legacy banks in the UK Nat West is trying the hardest to appeal to the younger demographic, they're all dinosaurs though and ultimately will fail. The fintechs are running circles around them and young people are are far more likely to bank with them rather than NatWest, Lloyds, Barclays and HSBC. I work for an even smaller Euro legacy bank and they're fucked, run by old farts that use buzzwords like 'AI first' even though they have no idea what that means.

king_crizzy

"With that being said the UK economy is in just awful shape and is probably getting worse" Not quite true. Growth is pretty strong compared with any other country that isn't the US. Of course you can just keep your money in the US, but that has its own risks.

L3g3ndary-08

You mean this news on stockpiling? This just looks like extra measure for safety. UK households urged to prepare for emergencies and ‘attacks’. Here's what to buy | The Independent https://share.google/t6U90VWalJXiJXl02

evilhomer450

Saw a video that the UK government is recommending stockpiling. Why all of a sudden?

Common-Method2202

This is why i think something bad will eventually happen to a bank that holds too much crypto. I know it's impossible in places like UK due to regulation saying you must put aside a separate amount of cash just to cover the crypto you hold, but there will at least be a bank somewhere in the world that gets hacked and loses all it's crypto and therefore just goes bust due to consumer panic.

Common-Method2202

Yeah, I thought it was crazy no one else has mentioned this bank on this sub, so I made this post to see what people's opinions are vs the casual big tech posts. The main reason RBS has been facing such a valuation drag wasn't the business itself; it was just sheer incompetence by the UK government. They clung onto their shares for way too long and only decided to finally exit in 2025, almost two decades after the bailout. That constant government selling pressure artificially suppressed the stock price for years, which is exactly why the P/E is so compressed right now. RBS is literally an outlier compared to other UK banks. It has repeatedly beaten expectations and is now giving Lloyds a serious run for its money, despite being a much leaner and smaller bank. Just to note, Lloyds has been fully privatised since 2017, so it's a massive accomplishment that RBS is catching up this fast. The heavy restructuring occurred while it was under public ownership, and that's the core of the bull case: the market hasn't priced in the unrealised value of a bank that has practically been remodelled into a highly efficient, fintech-style legacy player. Also, your point about the local economy overlooks how these banks actually make money. The UK banking sector sits on massive amounts of sticky retail deposits that don't flighty move around, allowing them to pocket huge margins on interest rates. Plus, these institutions don't just rely on local high streets; they outsource income by connecting to global markets in the US and Europe. A great example is RBC (Royal Bank of Canada), which has huge wealth management operations abroad so its stock isn't entirely dragged down by a lack of Canadian domestic growth. NatWest operates with that same kind of structural resilience, which is why a 7.8x multiple makes zero sense for a bank printing a 21.6% RoTE. Even if we agree about the UK being an economic drag, it doesn't make sense to put Natwest at such a discount vs other domestic competitors.

3Horses1Dog

This stockpile was going on in UK recently

Fodeworks

Hey, firstly I’d like to say it’s cool you brought something new to the sub. I would like to let you know about a few things I’ve learned holding bank stocks at various times over the last 20 years (mostly Canadian and American banks.) Generally 10x earnings are pretty normal for bank stock prices so 7.8x isn’t a huge discount historically. Secondly bank share prices long term are very much determined by how strong the local economy will be in the future. With that being said the UK economy is in just awful shape and is probably getting worse so even though this is cheap it is very likely to stay cheap or get even cheaper because the British economy is in just pitiful shape. Just my thoughts, good luck stock hunting.

el_dude_brother2

UK is not worth investing in until.the governmemt stops fucking.taxing everything that breaths. Bank stocks performed really well lst 3 years so they imposed a stupid tax.which wont raise any money but will keep the unions happy. Labour basically do whatever unions want as they fund them. Basically you cant have successful companies in UK without gov trying to fuck it up.

Common-Method2202

Healey has also said this "Banks are part of "jewel" in the UK economic crown" It makes sense why he did it temporarily. It's because he agrees that banks shouldn't be bogged down with such stuff [https://www.bloomberg.com/news/articles/2026-10-15/banks-are-part-of-jewel-in-uk-economic-crown-healey-says](https://www.bloomberg.com/news/articles/2026-10-15/banks-are-part-of-jewel-in-uk-economic-crown-healey-says)

sparkymark75

The UK bank corporation tax surcharge is increasing from 3 to 6 % for 15 months.

Common-Method2202

Not as low as 7.8x P/E For reference, Barclays, which has a very risky and heavy wall street division, trades at a P/E of 8.3x - RBS being at a lower P/E ratio of Barclays makes no sense when it's no longer got risky stuff such as RBS Greenwich, or anything that could be a bog down for the group such as Citizens bank USA etc. It's one of the most efficient banks there ever has been and what's funny is how as punishment, they had to close down all RBS branches in England and Wales. "Oh no don't threaten me with a good time" because now no UK bank wants to have a lot of branches open as it's easy cost-cutting when barely anyone uses them.

Old-Amphibian416

It's a temp surcharge for now. The gov has no money and they will rather extend the surcharge than remove it. The UK is in a dire situation:

hairytreefarmer

Worth noting that UK companies have historically traded at much lower multiples to US counterparts

Common-Method2202

It's a temporary surcharge that's still lower than what it was before rachel reeves which it was at 8% rachel reeves set it to 3% and then healey set it to 6% for like less than a year [Increase in the banking surcharge rate for a temporary period - GOV.UK](https://www.gov.uk/government/publications/increase-in-the-banking-surcharge-rate-for-a-temporary-period) "Details This measure temporarily sets the rate of the surcharge on banking companies at 6% for a fixed period of 15 months.  The measure will apply from 1 January 2027."

maxtheninja

reas the UK budget lol

boomerberg

UK bank stocks all under pressure because the chancellor has imposed a windfall tax on profits. In addition to this, additional taxes on personal income from savings and BTL landlords income will likely impact deposits and BTL mortgages. That said, the core business is string and the NatWest brand is very positive in the UK.

The_Showdown

It's hard to say whether it's taken for granted, but I do agree with OPs point that if the US closed off entirely tomorrow, it wouldn't be as simple as people moving to UK, Canadian, and EU exchanges. The capital needed to fund these international companies would also dry up and it would stall international growth significantly.

The_Showdown

That's true but the UK capital markets are tiny and inconsequential relative to the US. I am not American, but it's just true. If you look at the contribution of US capital markets activity on a total and per capita basis no other country comes close. Canada and Australia punch above it's weight on a per capita basis but still nothing compared to US, and mostly due to a trial resource sectors and banking (latter in Canada's case).

Evening_Ambassador76

The UK stock exchange existed before America existed. Options and derivatives existed centuries ago. I think America offers a more aggressive form of capitalism, but not sure how you decided that the markets wouldn't exist if not for America

Fun-Today-2178

I think they are just spreading risk for the early investors. So common public needs to tread cautiously. https://youtu.be/dhI4xBSwxwY?si=YmNZL-Q8Yo3dc9UK

Fun-Today-2178

I think they are just spreading risk for the early investors. So common public needs to tread cautiously. https://youtu.be/dhI4xBSwxwY?si=YmNZL-Q8Yo3dc9UK

Fit-Level-4179

Yeah lol, people fundamentally misunderstand representative democracy. People barely get a choice in a lot of decisions. Trump campaigned on being anti-war just like Bojo in the UK campaigned on being anti-immigration, yet trump has created a nightmare quagmire of a war while Boris broke the record by double for bringing in inimmigrants in a single year. People don't vote for that, and a lot of their campaign was them promising the opposite.

Articulated

QT is still ongoing in UK/EU, think US is done. Money supply an issue?

One-Duty-2376

All of this because the UK banned face sitting porn?

Primary-Effect-3691

Thankfully it closed in the UK 45 mins ago, we're safe for now

zooka19

UK investor here, can't even SCHD unless it's a CFD.

old_nighteagleowl

Costain? UK economy is sinking faster and faster, it will pull a lot of companies with it.

Aegeansunset12

In Glyfada, Atlantia, a two-level, three-bedroom 276 sq m penthouse with private pool, shared wellness areas and concierge services, is on sale with Sotheby’s for €3.4mn. In Vouliagmeni, the Chrysalis is a 500 sq m house very close to the sea, with butterfly-inspired architecture, glass walls, landscaped gardens, private pool, rooftop Jacuzzi, gym and cinema, on sale with Engel & Völkers for €6.75mn. “The demand is: we want 150 to 200 square metres, a minimum of three bedrooms and a sea view,” says Ioannou. Most of his international clients are cash buyers, he says, and many prefer new-build apartments to traditional villas. They are also willing to buy off-plan. He is currently working with three British buyers with budgets of around €2.5mn each, who wanted to complete purchases by the end of October amid concerns about their UK tax liabilities. Billiri is seeing a similar shift. “They come from London,” she says of some of her latest clients, many “to establish their companies here”. But not all regard Greece as a permanent home. “They have the feeling that it will not be for very long or that they will return to London,” she says. Some are buying with a roughly five-year horizon, retaining the option of returning to Britain if circumstances change. Ioannou says interest is also coming from Australia and the Middle East, where geopolitical instability has given some wealthy buyers another reason to establish a home elsewhere. “They want a second and third option,” he says. Looming over the Riviera’s transformation is The Ellinikon, the redevelopment of Athens’ former airport into a vast new coastal district with homes, hotels, shops, leisure facilities and a large park. At its centre is a new beachfront residential skyscraper. “It will be a mini-Dubai,” Ioannou says. “It will take 10 years to finish.” Some 850-900 of the 1,300 residential units have sold, according to Alex Moulas, chief commercial officer. Greek buyers account for 55 per cent, with the Greek diaspora making up another 20-25 per cent. International buyers, who accounted for around 20 per cent of sales in the project’s early years, have represented as much as 40 per cent since 2023. Americans lead, followed by Britons, Germans and Swiss. Roughly a third intend to make Ellinikon their primary residence, says Moulas, another third will use it as a holiday home and the remainder are buying as an investment. Inspired Education, which operates 127 schools across six continents, is building a school there, scheduled to open in September 2028. “When we won the project, we expected it to be mostly Greek families,” says chief executive Nadim Nsouli. “But today we’re seeing a growth of international families.” He now expects Greek pupils to account for 60-70 per cent of enrolment. House & Home Unlocked Don’t miss our weekly newsletter, an inspiring, informative edit of the news and trends in global property, interiors, architecture and gardens. Sign up here. But waiting years for the entire Ellinikon development to be completed makes little sense for those looking to relocate now, Ioannou says. Instead, they are buying nearby: “Glyfada, Voula, Kavouri.” The paradox is that some of the qualities drawing wealthy foreigners to southern Athens — its low-rise neighbourhoods, gardens, proximity to the sea and a sense that it remains less manicured than rival Mediterranean resorts — are being altered by the demand for new apartments. For Greece, the principal challenge, however, is not simply attracting wealthy residents but persuading them to stay. “How stable are these tax regimes?” is among the first questions prospective clients ask private wealth manager Filippou. She says the incentives enjoy broad political support, despite Greece’s history of frequent changes to its tax rules. But tax breaks alone will not be enough. “It is early days,” Filippou says of efforts to create an international financial services industry. International families need the homes, offices, schools and services they are accustomed to elsewhere. “That is what we are missing — more good real estate for offices and homes and more foreign schools,” she says. “The first thing you do is see if there’s a good school before you decide to move,” says Nsouli. He points to Monaco, where some families decided against relocating because international school places were unavailable. For the family who moved from Germany, the tax benefits were a welcome bonus rather than the deciding factor. “It’s of course a nice benefit, but I’m fairly certain we would still have chosen Athens over, let’s say, Barcelona,” the mother says. Settling in has not been without difficulties. Although delighted with her children’s school and the accessibility of local doctors, she has found Greek bureaucracy difficult to navigate without professional help. And despite enjoying life on the Riviera, with family still in Germany and the language proving difficult to master, she does not envisage staying indefinitely. “It’s probably more a three to five-year experiment than a permanent move,” she says. For Glyfada resident Papadopoulou, meanwhile, the changes to the Riviera are more permanent. The villas she photographs are disappearing, taking with them a way of life that once defined the neighbourhood. “All these stories I heard from my parents, about whose summer house was whose — how they lived — they are demolished in an instant.” Eleni Varvitsioti is the FT’s Greece and Cyprus correspondent

Aegeansunset12

The super-rich are moving to Athens — what does that mean for everyone else? The super-rich are moving to Athens — what does that mean for everyone else? September’s news that billionaire hedge fund manager Chris Rokos was swapping London for Athens, where he plans to establish an office, ruffled some feathers. Not least in the UK, where he is one of the country’s biggest taxpayers, reportedly paying £330mn last year. Greece has spent years trying to persuade wealthy foreigners to bring their money to the country. Now it wants them to bring their businesses and families too. And the policies are making their mark on the prime property market. Since 2020, Greece has introduced a series of tax incentives aimed at attracting new residents. Its non-dom regime offers qualifying new residents (who must, among a number of things, invest at least €500,000 in real estate, business, securities or shares in legal entities) a €100,000 annual flat tax on foreign-sourced income. Qualifying foreign retirees have a flat 7 per cent tax on foreign-sourced income for up to 15 years. Eligible workers and entrepreneurs relocating to Greece receive a 50 per cent exemption on Greek-source employment or business income. The measures are designed to help reverse the brain drain that accompanied the country’s financial crisis, when close to one million people left Greece over the course of a decade, attract internationally mobile professionals and encourage foreign businesses to establish operations in the country. At Greece Sotheby’s International Realty, buyers benefiting from the country’s non-dom regime accounted for nearly a third of the agency’s transaction volumes in 2025, up from virtually none before 2024, according to its president and chief executive Savvas Savvaidis. More than half of those transactions involved UK passport holders. This summer, the Greek government went further, cutting the tax rate on carried interest for qualifying investment managers relocating to Greece from 15 per cent to 5 per cent. The tax break requires the fund’s Greek operation to spend at least €3mn a year in the country, ensuring a genuine rather than nominal presence. The government says its ambition is broader than attracting a handful of wealthy individuals to buy holiday homes. It hopes that the first wave of wealthy arrivals will draw a wider community of professionals and their families. “It is not 10 people who spend a lot of money,” says Vassilis Karatzas, an adviser to the finance minister. “Their potential is that \[they help\] set up an ecosystem and a business environment that did not exist in the country.” Elina Filippou, head of private wealth at Greek law firm Zepos & Yannopoulos, which specialises in advising businesses and individuals relocating to Greece, says her team has grown from eight to almost 20 since 2020. Her firm has handled about a quarter of relocation applications under the tax incentive regimes, she says. Since the non-dom scheme was introduced, it has attracted roughly 500 applications, about half from outside Europe, according to data from the Greek finance ministry. Nearly 1,500 retirees and about 10,000 executives, employees, freelancers and entrepreneurs have applied under other incentives. It’s “a constant flow of people”, says Chryssa Miliou, general secretary for tax policy at the Greek finance ministry. And those people need somewhere to live. The challenge is persuading them to put down roots rather than merely establish a tax residence. One place where that ambition is already being tested is the Athens Riviera, where the low-rise villas and gardens of Glyfada, Voula and Vouliagmeni are increasingly giving way to luxury apartment buildings with sea views, swimming pools and round-the-clock security. “I have been living in Voula for 30 years,” says Paulina Billiri, an estate agent with 26 years’ experience. “The gardens, the low houses — the urban landscape is changing very quickly. One apartment block is taller than the other.” For Eleni Papadopoulou, who was born and raised in Glyfada, where both her father and grandfather built family homes, the transformation has become a race against time. Through her Instagram account, @Vintage.Glyfada, and other documentation, she has amassed nearly 700 photographs of the neighbourhood’s disappearing villas, with their distinctive red stonework, handmade iron gates and gardens filled with lemon and orange trees. “There were days when I would see two houses and the next day they were gone,” she says. The old homes, often built as summer retreats, were open to the street and reflected the personalities of their owners, she recalls. By contrast, she finds the new apartment buildings increasingly uniform and inward-looking. For her, what is disappearing is not just the architecture but the memories and way of life associated with it. Billiri dates the beginning of the transformation to the middle of the last decade, when Greece was emerging from its sovereign debt crisis and its golden visa programme, introduced in 2013, brought a first wave of foreign property investors. “In 2015, there was nothing,” she says of new developments. “It was deep crisis.” Greek apartment prices fell by more than 40 per cent between 2008 and 2017, as the debt crisis crushed incomes, employment and mortgage lending. Since their 2017 trough, prices have risen about 85 per cent, surpassing their 2008 peak by 7 per cent in 2025, with prices continuing to rise by 5.5 per cent year on year in the second quarter of 2026, according to preliminary Bank of Greece data. Early buyers included investors from China and the Middle East. Initially offering residency in exchange for a property investment of €250,000, the golden visa scheme raised the threshold to €500,000 in sought-after areas in 2023, before increasing it to €800,000 in 2024. Chinese nationals held 12,700 investor residence permits as of August 2026, or nearly half the total, according to government data. Agents say another kind of international buyer is arriving: one more likely to be looking for a primary or semi-permanent home and, in some cases, bringing a business with them. The appeal is partly financial. Despite the rise in prices, agents argue that coastal Athens remains relatively inexpensive compared with rival Mediterranean markets. “Right now, Greece — particularly its coastal areas — offers the most attractively priced square metre on the European Riviera,” says George Ioannou, private office adviser at Engel & Völkers. Oliver Banks, international residential development partner at Knight Frank, agrees. Values across the Athens Riviera vary between €6,000 and €10,000 per sq m — broadly below Barcelona (€10,000 per sq m), Lisbon (€11,000), Rome (€13,200), Madrid (€15,300) and substantially below Paris (€23,200), prime central London (€26,000) and Monaco (€54,000). “Prime waterfront locations, sea views, privacy and turnkey condition are the key drivers,” he says. But Sotheby’s Savvaidis argues that price is only part of the attraction. Athens, he argues, combines something unusual: a European capital with a long urban coastline, some 40km. “The common denominator is that they feel Greece is not an artificial paradise,” he says. “If they wanted the lights of Monte Carlo, they would go to Monte Carlo.” For one family who moved from Berlin to the Athens Riviera a year ago under Greece’s non-dom tax regime, the attraction was less about taxes than the prospect of a different life. The couple, who have two young children and asked not to be named, wanted to live by the sea while retaining the amenities of a major city, international schools and easy connections to Germany. “We wanted to experience life in the Mediterranean,” says the mother. “Now is a good time because our kids are still small.” The family chose to rent rather than buy, uncertain about which neighbourhood would suit them and also how long they would stay. The couple estimate that their living costs are about 20 per cent higher than in Germany, largely because of rent, electricity, international schooling and the need for a car. “That’s something that takes a little bit of getting used to here, that you have to use the car a lot.” Yet the trade-off has been worthwhile. “The quality of life is definitely higher,” she says, describing weekends exploring nearby islands and more time outdoors as a family. But the supply of the kind of homes these buyers want remains limited. “We are a very small real estate market,” Savvaidis says. “Obviously there is room for improvement. But that will only happen through large developments.” More than 4,000 residential properties have changed hands in Glyfada, Voula, Vouliagmeni and Vari since 2017, according to an FT analysis of Greek government transaction records. About 1,200 of those sales took place between January 2024 and September 2026. The shortage of newly built homes is partly a legacy of Greece’s decade-long financial crisis. “For 10 years in Greece and more, not a brick was laid,” Savvaidis says. That limited supply is now colliding with international demand, particularly for properties with sea views and the security and amenities wealthy buyers have come to expect elsewhere. At Apollo Hills, a new gated community in Voula, a three to four-bedroom, 200-250 sq metre apartment costs around €2.5mn, according to Savvaidis. Billiri says the change in the property market has accelerated dramatically since 2022. Sales volumes at her agency have increased by 50 per cent, she says, while prices at the top end have climbed sharply; €10,000 per sq m “has died” as a benchmark for premium penthouses, she says. New developments can fetch €15,000-€20,000 per sq m, while homes in some of the most exclusive projects can reach around €30,000 per sq m.

one_orange_braincell

Crypto use case gonna rise on the 6th when the UK ban for face sitting goes through.

BottleOfGasWatter

Ukraine lost the war around 2024-2025. Now the ukrainians are doing just visually striking drone attacks to keep the money coming as too many people both ukrainian and EU are politically invested in this war. UK politicians for example signed up the UK as a ukrainian debt guarantor to some international organisations. Economy gets destroyed further and more people get to die. And by the way, each time they strike inside russia, russia strikes many times harder, the recent escalations were caused by the strikes inside russia. These recent refinery strikes mean more destruction and death in Ukraine. I dont know what you are so happy about.

-mini-kuma

UK traders : would Cpt. Jean-Luc Picard sell out? NO!

-mini-kuma

🇬🇧 UK FTSE still green ☕ Sips earl-grey tea in honour of Sir Patrick Stewart

Electrical_Panda_326

On paper, the quality of life in the UK deteriorating very quickly.

nyse25

they banned BBW facesitting in the UK 😔😔😔

FlamboyantPirhanna

They do already in the UK.

CPA-hole

Intel holders got absolutely smothered The UK will be issuing warrants shortly

Deep_Calls_007

UK banned face sitting porn. What a shit hole

CPA-hole

Good to see the UK is focused on the important things like making face sitting porn illegal

Apprehensive-Risk542

Of course they are. Look at their reaction. Look at their share price on his announcement. I use spacex DTC, on Telefonica O2 in the UK, ironically they signed an MoU with ASTs then joined up with spacex anyway. If ASTs delay much longer Amazon could sneak up behind them and steal a lot of the TAM that the ASTs hype boys keep banging on about.

HostileApostle420

Partly true. 5 years ago we could request 250+ vcpu quota increases inside azure and get it instantly. Earlier this year I put in a request for a 500 vcpu increase and got declined (tried 3 regions). I had to fill out forms to get it escalated, got it after 2 months of back and forward. This week another increase of 200 got flat declined for 4 regions and the escalation is now a waiting list... Azure has so much demand. For my fellow techs, these were Esv5, v6 and Dsv6 on UK south, UK west, north EU and west EU. UK south 2 is being commissioned (appeared earlier this year on CSP provisioning documents)

Sawyerthesadist

You mentioned the UK and from what I recall of my time in London it was basically endless rain

Western_Coffee_5445

UK does have good fish n chips

elpresidentedeljunta

Worst food is the industrial shit produced in the US and UK. I´d take a decent fish & chips over a chemical cocktail worthy of falling into and turn into a supervillain any day.

confused_teabagger

Look, bers and bols don't agree on much (other than bols are super ghey) but during this trying time can we at least come together agree that UK food is the worst food on planet Earth? Other than 2-3 indian dishes and a handful of stinky cheeses?

skymagic

"In the UK, families get similar advice to stock three days of water, food, radio, torch, first-aid, and cash against threats like cyberattacks or sabotage. Officials frame these as smart insurance against risks, **not signs of war on the horizon**" You guys can't even read good 🤣

Asleep-Ad1182

Just say you hate the UK

Asleep-Ad1182

The UK is the fastest growing economy in the G7

Magesunite

This is essentially the 0.5% Stamp Duty on the LSE which really does push investment away from UK into US markets. Not sure where the money would go if both countries implemented this.

MyCodenameIsIan

The UK has a similar tax on UK stocks on the London Stock Exchange. So everyone just buys American stocks instead.

BoardroomTrades

History says dominance usually doesn't end with an event, it ends with a long slow fade, which is less dramatic but worse for anyone all-in on the leader. In 1900 the UK was about a quarter of the world stock market and the US about 15%. By the 1960s that had flipped, with no single crash doing it. Japan is the scary one: around 1989 it was roughly 40%+ of world market cap, the Nikkei peaked at 38,915 at the end of that year and didn't get back above it until February 2024. No default, no war, just valuations that had run way ahead and then 30+ years of going sideways. On the default part: the closest thing we've had is the 2011 debt ceiling fight and the S&P downgrade. Stocks dropped hard for a few months, and Treasuries actually went up because everyone ran to them anyway. Messy, not world-ending. The US is now around 60%+ of global indexes, so the Japan question is a fair one to ask. I don't think anyone can tell you what the trigger would be. I'd worry less about the event and more about what you'd own if the fade happens.

LuckyBoston

I’m from UK is Wendy’s even good food ?

LuckyBoston

Are we opening again in the UK at 13:30? Like yesterday or has the daylight savings time caught up

Gaius__Of__The_Julii

I feel like chaos has come upon the entire world. There is no safety. Anyone who thinks the UK is safe or stable is gonna find out the hard way. People look everywhere but no good solution is available. Gold, bitcoin, stocks, bonds, whatever, they all have flaws. Make sure you have good property and enough fiat to pay the taxes is your best bet. Keep a rifle by your side.

IvoryTowerResident

UK next PM is likely Farage, less chance of a wealth tax unlike Melenchon

FunBookkeeper7136

No it's doesn't; but the solution of taxes is worse. All it will leads to high earning people/ business moving to different parts of world. Look at what happened to UK or Canada both are doomed nation without any good business or high earning individuals because of their tax policies.

NoMarketing8778

"UK government issues emergency stockpile advice" wow what a desperate move to prop up economic data

LostFaithlessness201

UK budget so expect equities to go up temporarily as gbp up, usd down

FlappyBored

UK is much better. One of highest growth in G7 and debt spending declining year on year. https://www.wsj.com/world/uk/uk-government-on-track-to-cut-borrowing-ahead-of-budget-361f51ee

rudolf_de_Leeuw

The note in the post cites France's fiscal backdrop and weaker forecasts, so how much of this is a France specific story versus a relative valuation call on the UK? Fund flow shifts like this can also reverse fairly quickly once the data surprises in either direction.

FlappyBored

UK borrowing is declining while also having some of the highest growth in the G7. https://www.wsj.com/world/uk/uk-government-on-track-to-cut-borrowing-ahead-of-budget-361f51ee UK is seen as a ‘bright spot’ on debt by the IMF. https://news.sky.com/video/uk-seen-as-a-bright-spot-on-debt-13599123 UK is in a much more secure position and on a much better trajectory which is why funds are moving there from places like France.

haarp1

Plus500 does this in the UK i think and they must have a mandatory notice on their ads that 80something % of gamblers lose money.

-mini-kuma

Good morning from UK! ☕⛅ Everyone get a good rest? 😶‍🌫️

Ok_Cry7572

I have no idea. Some place in Africa for sure or maybe London, UK or some European city

Indifferent-Owl

Yeah this ain't the UK

Sea-Strawberry4880

Makes no sense that you had to go to multiple lawyers. If your mother was born in the UK you qualify automatically.

Sea-Strawberry4880

I remember several Americans asking me about house prices, jobs etc in the UK. It never crossed their minds that they couldn't just move.

Thread-Astaire

We use miles generally in the UK. Always have.

ObanKenobi

Yea I left during trumps term for the UK. My mother is from Scotland, I wasn't sure if that'd be enough but after goign to multiple immigration lawyers in the UK one of them finally found a law that allowed me to claim citizenship through descent. I'm just a bartender so would never have been able to get over here without the citizenship. Now I'm going to one of the best Uni's in the world for free, where I had given up the dream of going back to school in the US due to prohibitive cost. I make less here but can afford a better quality of life and have the opportunity to improve it through schooling. Funnily enough, the same law that allowed me to do this also applies to trump. Technically trump has British citizenship, its just gone unclaimed and I doubt he's aware of it. He's exactly the same situation as me; new york born father of German descent, Scottish immigrant mother

Yogurt_Up_My_Nose

? that's the UK dude. NBER determines US and it has to meet multiple factors. the GDP miss 2x in a row is just a rule of thumb not an end all condition.

mschuster91

Did you fully read my first paragraph? Samsung has their own chipsets capable of running AI models. All they need is fab space to scale up, at the moment NVIDIA just has outcompeted everyone and their dog - including Apple, who used to buy entire years worth of production at TSMC by pre-paying for the construction of the fab. And CPUs are a dime a dozen, either you stick to an open source RISC-V design or you go for ARM designs - ARM is owned by Japanese SoftBank and the headquarters are in the UK. Notably, Samsung is at a similar license level for ARM as Apple is, meaning they are allowed to make their own ARM cores.

Raveyard2409

And most Americans don't have skills that will land you a visa. I remember when Trump was first being elected and people were like if he gets in I'm moving to canada/UK. Surprise, those countries also have entry requirements.

Turq6536

CALM $61 (10/27/2026) is a buy here. I own about 3000 shares and am holding longterm. TLDR // CALM is a buy here at $61 based on valuation (1.1x BV of $55), and would be a sell at $110 (2x BV $55). There is also the possibility of an acquisition by JBS, the Brazil/USA producer of beef and pork, which in 2025 made its first acquisition into the egg space. The unknowns include when current egg oversupply (which has led to low egg prices) will reverse and lead to better CALM revenue and profits, the commodity nature of the egg business, and why do insiders not seem to be buying the stock? CALM is an egg company which has $16 cash/share ($767m cash, no debt, 47m shares) and low valuation of Price/BookValue 1.1 (compares to 25 year range 0.6-3.9x). This egg company has been hurt lately by excess egg supply which has depressed prices. What might cure that is the next avian flu which will cull the chicken herd and reduce number of eggs produced, and raise egg prices which will help CALM. On valuation, the last 25 years or so the stock price-to- bookValue (P/BV) has ranged from 0.6 to 3.9 (currently at 1.1) .. as seen here: [https://companiesmarketcap.com/cal-maine-foods/pb-ratio/](https://companiesmarketcap.com/cal-maine-foods/pb-ratio/) Note current Book Value \~$55/share compared to stock price $61. Over the last 20 years it has been profitable to buy CALM at \~1.5x BV and sell at 2x. One thing that doesn't make sense to me is why no insiders have bought the stock since Jan 2026 when CALM was at $80, though CEO Sherman Miller mentioned the "stock value is very low compared to historical" when he addressed a question by analyst Heather Jones on the conference call for the qtr ended Sept 2026. The company has a $500m stock buyback authorization which could be used ... Heather Jones (analyst) "Okay. And then Sherman, going back to comments you made in the prepared remarks about **the valuation of your stock. So it’s setting new lows on a priceto-book basis, going back at least 20 years.** And then when you think about the valuation on a price per and, et cetera, basis, it seems to be setting new lows there, too. So -- given the cash the company is sitting on, I know you have to fund losses and you’re having to find these prepared foods investments, both. Is there any reason to think that you would not get more aggressive? And I know you all bought the 200-and-some thousand shares post quarter end. But is there any reason to think you won’t get even more aggressive than that given just to stop setting the lows?" Sherman Miller (CEO): "Heather, great question. The share repurchases are a great addition to our capital allocation that we added a little over a year ago. And as we noticed the subsequent events that you mentioned, it shows that **we see a big value at these levels of stock**. And the overhang right now is the things that we’ve mentioned today. But the assurances that we’ve been here before and it’s why we manage the company the way that we do from our balance sheet forward. And the current situation is just not mid-cycle normal or sustainable. So you pointed out the right metrics. **The stock value is very low compared to historical. And we see a lot of value there."** \[above quote taken from here .. [https://investors.calmainefoods.com/static-files/5fa353dd-75aa-4140-9bbf-70b285c4285d](https://investors.calmainefoods.com/static-files/5fa353dd-75aa-4140-9bbf-70b285c4285d) .. page 15\] **Possible acquisition by JBS?** JBS is a Brazil-based producer of beef that has grown over the years by acquiring brands in other countries (USA's Smithfield Beef operations in 2008, Tyson's Mexican Chicken operations in 2014; UK/Ireland Kerry Group Meat & Meals division in 2021, and in 2025 JBS' first foray into the egg industry by acquiring 50% of Brazil's Mantiqueira, which is the 10th largest global egg producer \[CALM is the #1 global egg producer\]). JBS has a history of growing in each of its protein categories so it makes sense that CALM could be on the JBS radar as JBS stated its growth goals include "enhance scale in existing categories and geographies", and "enhance platform diversification and key customer relationships" (specifically mentions eggs, poultry, pork and some others). This data is taken from the Feb 2026 JBS presentation.. pages 5,8) .. here [https://api.mziq.com/mzfilemanager/v2/d/fdb59571-9620-473a-8f8d-a9c27ebf7d44/b7d6d744-614f-204c-5024-c1f5394c7212?origin=2](https://api.mziq.com/mzfilemanager/v2/d/fdb59571-9620-473a-8f8d-a9c27ebf7d44/b7d6d744-614f-204c-5024-c1f5394c7212?origin=2) Note that JBS never mentioned CALM as a possible acquisition target, this is just my speculation. Given all this, CALM is a buy here at $61 (1.1x BV of $55), and would be a sell at $110 (2x BV $55). Would love to hear your thoughts

Shooomus

Taxes luckily aren't a problem for me as I live in the UK and have my port in a tax free ISA only fees are FX fees which are small, I do agree with your sentiment on the company and think I will definitely trim some today, thanks for the advice friend! :)

DavidGunawan_Pusaka

A few details people are mixing up: it's voluntary, and about 60,000 people are eligible (roughly a quarter of staff), not 60,000 cuts. It covers level 70 and below on participating teams in the US, Canada, India and the UK. People decide by early December and leave Dec 31. So the real impact depends on how many accept. For the stock, I'd watch Wednesday's earnings for any restructuring charge and whether opex guidance moves. That would tell us whether this is margin defense against AI capex or just trimming.

-mini-kuma

HSBC miss in UK 🥲

SocialMedian

No they do not. Germany is massively ahead. Germany is third behind Japan while the UK is 12th. This certainly doesn’t bode well for them.

FuzzyDunlop1982

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Outrageous-Map8302

Lots of people talking about targeting and ad relevancy here not realising that one of the key reasons you see perfectly relevant ads on Instagram and not Reddit is simply that Meta has more advertiser's. Go into r/vinyl in the UK. You WILL get ads from record stores, speaker brands, etc. Completely relevant ads. But they don't have an infinite number of these advertiser's, and have to fill the ad slot with the next best thing they have, rather than spam you with the same ad for infinity. Meta doesn't have this issue. Every speaker brand, every hifi retailer, every record label, every band with an album or tour to promote will be advertising. The targeting seems perfect because it can be. I'm bullish on Reddit - the only way is up, and management have demonstrated growth every quarter. Theres so much more to come.

Ok_Cry7572

1 OUT OF 3 (60,000 EMPLOYEES) AT MICROSOFT BEING OFFERED VOLUNTARY TERMINATION First time this has ever been offered at Microsoft and it will affect employees in India, The United States, Canada, and the UK at level 70 or below

thefinalwipe

India and UK are being offered this as well.

Cedar_Wood_State

A lot of brokerages still do it here in UK

FinePerformance1046

I'm in the UK so it was at 2am this morning so the market just opened an hour early in our time

StevieWonder557

I know of one UK supermarket that their motto is the UK are two mainframes going down at the same time away from a food disaster.