Forget the Barclays share price! I’d buy other cheap UK shares for my Stocks and Shares ISA

first_img Investing in UK banking shares is an extremely risky business, I feel. I’ve recently explained why an economic hangover following Covid-19 and Brexit could damage profits at Lloyds in the short term. The threat of low interest rates could wreak havoc on the bottom line for much longer too.Now, Barclays (LSE: BARC) has a couple of tricks up its sleeve that Lloyds doesn’t. It has considerable exposure to the US, a quality that will allow it to navigate a prolonged downturn in the UK much better than its rivals. The FTSE 100 bank also has an investment bank that could help group profits recover strongly during the inevitable bull market.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…UK banking shares to book big lossesThat’s not to say I’d buy Barclays. The risks posed by Covid-19 alone to UK shares like these are colossal, as a recent report from McKinsey & Company illustrates. The consultancy reckons that, “the pandemic will present a two-stage problem for banks… First will come severe credit losses, likely through late 2021, [then] amid a muted global recovery, banks will face a profound challenge to ongoing operations that may persist beyond 2024.”McKinsey estimates that $3.7trn of lost revenue will be endured by the world’s banks between 2020 and 2024. This is “the equivalent of more than a half year of industry revenues that will never come back,” it says. But beware, as it reckons the final bill could be even bigger. Under its worst-case scenario, the consultancy predicts lost revenues of $4.7trn.What’s more, McKinsey believes banks will make a jaw-dropping $2.7trn worth of loan-loss provisions over the next four years. Barclays has set aside £4.3bn of Covid-19-related credit impairment charges already. The costs to UK banking shares are likely to keep stacking up.Dividend yields in danger?Barclays clearly isn’t without risk. But fans of the bank would argue that its troubles are baked in at current share prices. The FTSE 100 firm trades on an ultra-low forward price-to-earnings (P/E) ratio of 11 times. This is built on City forecasts suggesting that annual profits will rocket 74% in 2021.This figure isn’t enough to tempt me to invest though. And neither is Barclays’ inflation-mashing dividend yield of 3.5% for next year.This month the Prudential Regulatory Authority lifted the temporary ban on bank dividends imposed back in the spring. It said that “banks remain well capitalised and are expected to be able to continue to support the real economy through this period of disruption.” Barclays and its peers it could end up disappointing those expecting chunky dividends, however. A steady build in bad loans and sagging revenues growth are one problem. Balance sheet protection as the global and domestic economies recover from Covid-19 is another.I’m not risking my hard-earned cash with Barclays or Lloyds. There are many other cheap UK shares I’d rather buy in my ISA for 2021. And The Motley Fool can help you to discover them today and make a fortune during the new bull market. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Barclays and 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. Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. Royston Wild | Monday, 28th December, 2020 | More on: BARC 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. See all posts by Royston Wildcenter_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Forget the Barclays share price! I’d buy other cheap UK shares for my Stocks and Shares ISA “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shareslast_img read more

Sue Ryder launches photography exhibition in aid of £3.9m capital appeal

first_img Melanie May | 19 June 2017 | News  129 total views,  1 views today Tagged with: Capital appeal fundraising events Fundraising ideas AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis18 Sue Ryder launches photography exhibition in aid of £3.9m capital appealcenter_img Sue Ryder has launched a photography exhibition to raise funds for a two-year capital appeal in support of its Aberdeen-based neurological care centre, Dee View Court.The appeal aims to raise £3.9 million to double the size of Dee View Court. The facility is currently Scotland’s only purpose-built specialist neurological centre, caring for people living with long-term neurological conditions including, including Huntington’s disease, multiple sclerosis and acquired brain injuries.The “Don’t Write Me Off” exhibition, which will also travel to Edinburgh and London over the course of the year, is a collection of 18 contemporary photographs featuring residents from Sue Ryder Neurological Care Centres united in their message: “Don’t Write Me Off.”The exhibition has been supported by Kennedy Wilson Europe, which hosted the launch event at its H1 building at the Hill of Rubislaw.According to the charity, the images aim to give visitors an insight into the people, personalities and lives behind neurological conditions, and celebrate the resilience of the human spirit against adversity.Pamela Mackenzie, Sue Ryder director for neurological care services in Scotland, said:“The team is hugely proud of the immeasurable impact Sue Ryder Dee View Court has had on those who use our services – by giving them the care they need and deserve, we’ve enhanced the lives of many.“There is a desperate lack of care provision for people living with progressive neurological conditions. As the only purpose-built specialist neurological centre in Scotland, the need for our services is great, which is why expansion of Dee View Court is absolutely imperative for us to be able to offer our continued support and dedicated expertise.”Image: Sue Ryder’s fundraising exhibition at at H1 building in support of the new centre appeal. Picture by Michal Wachucik / Abermedia Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.  130 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis18last_img read more