I reckon Lloyds (LSE: LLOY) could be an excellent way to invest in the UK economic recovery. With that in mind, I’ve been reviewing the banking business to see it could be worth investing a modest proportion of my portfolio in the stock. Improving fundamentals Over the past few months, it’s become clear to me the market doesn’t appreciate the recent improvement in Lloyds’ outlook. Since the end of 2020, the bank’s outlook has improved markedly. However, the Lloyds share price has failed to reflect this, in my opinion. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…For example, according to its first-quarter earnings report, its income hit £3.7bn in the three months to the end of March. That was down about 7% year-on-year, which is impressive, considering the economic environment. During the first quarter of 2021, the UK economy was under one of the strictest lockdowns in the world. Despite the lockdowns, the bank released £323m of provisions for bad debts. Management had expected borrowers to default on these loans, but that seems no longer to be the case. The release reflects the UK’s improved economic outlook. There’s still around £1bn held back to offset coronavirus losses.And as profits have improved, the lender’s balance sheet has strengthened. The bank reported a Common Equity Tier 1 Ratio (a key measure of banking capital) of 16.7%, up from 16.2% at the end of December. That figure’s pretty high.At the end of 2020, the average ratio of European banks regulated by the European Central Bank was 15.6%. To put it another way, Lloyds’ balance sheet is stronger than average.I think that bodes well for the group’s dividend potential. Management has said it will issue further guidance on dividends alongside its half-year results. Lloyds share price struggles All of the above suggests to me Lloyds has weathered the coronavirus crisis incredibly well. As such, I think the stock is undervalued at current levels. The group earned £3.7bn in the first quarter of 2021, £3.9bn in 2020, and £4.4bn in 2019.Overall, net income has declined 16% from the highs of 2019. However, the Lloyds share price has fallen 26% from those related highs. These figures suggest to me the stock has yet to reflect the bank’s progress. That’s why I believe the shares are undervalued and why I’d add the stock to my portfolio today. That said, there are some risks the bank may face as we advance. These include low interest rates, which are already playing havoc with the lender’s profit margins. If rates fall further, it’ll become harder for Lloyds to earn a profit. Another wave of coronavirus may also damager the group’s balance sheet if loan losses rise. Still, even after taking these challenges and risks into account, I think the future’s bright for the Lloyds share price. I think it could be one of the biggest beneficiaries of the UK economic recovery currently taking place. The Motley Fool UK’s Top Income Stock… See all posts by Rupert Hargreaves Learn how you can grab this ‘Top Income Stock’ Report now Rupert Hargreaves | Friday, 7th May, 2021 | More on: LLOY Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. Simply click below to discover how you can take advantage of this. Enter Your Email Address Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. As the Lloyds share price stays cheap, I’d invest £5k Our 6 ‘Best Buys Now’ Shares Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.
Mark Zuckerberg has vowed to rein in the leakage of data to outside developers and third-party apps Britain’s culture minister says Mark Zuckerberg’s plans to fix problems at his social media company aren’t going ‘far enough’ Citation: Britain says Facebook must go further in data scandal (2018, March 22) retrieved 18 July 2019 from https://phys.org/news/2018-03-britain-facebook-scandal.html A scandal erupted last weekend when a whistleblower revealed that British data consultant Cambridge Analytica (CA) had created psychological profiles on 50 million Facebook users via a personality prediction app.Matt Hancock, Britain’s minister for culture and digital, said it should not be down to companies such as Facebook to set their own rules on data privacy.”Zuckerberg has apologised and said that they are going to make some changes, but frankly I don’t think those changes go far enough,” he told BBC radio.”It shouldn’t be for a company to decide what is the appropriate balance between privacy and innovation and use of data, those rules should be set by society as a whole and so set by parliament.”That’s the approach that we are taking—the big tech companies need to abide by the law and we are strengthening the law.”Zuckerberg has vowed to “step up” to fix problems at the social media giant, as it fights a snowballing scandal over the hijacking of personal data from millions of its users.He announced new steps to rein in the leakage of data to outside developers and third-party apps, while giving users more control over their information.’Huge’ trust breach: FacebookThe scandal has wiped out around $60 billion (48 billion euros) of Facebook’s market value since Monday, Bloomberg news reported. US FTC probing Facebook data scandal: media Chris Cox, Facebook’s chief product officer, said the situation was “extraordinarily serious” for the company.Facebook says it discovered last week that CA may not have deleted the data as it certified.CA “should never have had access to any of this data” and Facebook felt “absolutely” misled by the British firm, Cox told BBC radio.”We asked them multiple times and they told us they didn’t have anything. Which is really infuriating.”It was a huge breach of trust where lots of data may have made its way into the wrong hands.”He said Facebook’s business model relied upon the company protecting people’s data so they can share information securely.Restoring public trust in Facebook depends on the next steps and will “take a long time, but it’s something we’re committed to”, said Cox.World Wide Web inventor Tim Berners-Lee described the scandal as a “serious moment for the web’s future”.The British scientist said it was time for all internet users to “build a web that reflects our hopes and fulfils our dreams more than it magnifies our fears and deepens our divisions”.”I can imagine Mark Zuckerberg is devastated that his creation has been abused and misused,” he wrote on Twitter, adding that “some days I have the same feeling”.”I would say to him: You can fix it. It won’t be easy but if companies work with governments, activists, academics and web users we can make sure platforms serve humanity.” © 2018 AFP Explore further Britain’s culture minister said Thursday that Facebook chief Mark Zuckerberg’s plan to fix problems at the world’s biggest social media network did not go far enough. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Citation: Could you do it? Trips that ban cellphones, even for photos (2018, April 10) retrieved 18 July 2019 from https://phys.org/news/2018-04-cellphones-photos.html © 2018 The Associated Press. All rights reserved. A new tour company called Off the Grid is asking travelers to put cellphones away and not even use them for photos.Off the Grid founder Zach Beattie says he wants the trips to be mindful, unplugged and “very social.”The first trip is to Lisbon in July, with others planned to Prague, Croatia and Barcelona.The small group tours are seven to 10 days. Prices range from $1,500 to $1,650, including accommodations in hostels, some meals and ground transportation (but not airfare).Itineraries emphasize experiences like surfing or dining with a local family rather than bucket-list sightseeing.For emergencies, participants get a “dumb phone” without internet access.Tour-goers can bring cameras, but professional photographers will also document the trips. Return trips feel shorter in hindsight Would you take a trip without your cellphone? This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further