Spectacular red rainbow illuminates historic English town – but what caused it

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first_imgRED RAINBOW How rare is a red rainbow?It is rare to see a red rainbow but that’s probably because of the conditions they usually appear in.“Red rainbows aren’t really all that rare, but a lot of people miss them since, unless you have a dark background, the colour gets washed out,” according to the Sky Lights blog.Meanwhile, another photographer captured this blood red moon looming over New York in these stunning photos.Last year,  a tourist captured this spectacular ‘fire rainbow cloud’ phenomenon on camera.  Here’s something you don’t see everyday.An amateur photographer captured a rare site, a double red rainbow arching over a historic English town.Robert Peel spotted the incredible red rainbow in the small Wiltshire market town of Malmesbury, where he lives, on August 24.The sun had already set in the southern Cotswolds when the rainbow formed in the light of the sun from below the horizon, giving an incredible red glow to the sky. A rare ‘red rainbow’ is seen arcing over the Wiltshire town of MalmesburyCredit:Robert Peel / SWNS Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings.center_img “Last night an extensive storm had spread from the south bringing rain. It was late evening I noticed the horizon to the west was clear and low sunlight was illuminating the old hilltop town,” he explained.“It looked spectacular so I quickly grabbed my camera and headed to a vantage point on the hill opposite the town.  Annoyingly I was a few minutes late and the sun had become obscured by clouds on the horizon.  The light was however quite special; I remembered similar conditions back in 2011 when I captured a rainbow at sunset.  However, it had stopped raining so I was not expecting to see a rainbow. “Just as I thought about giving up I noticed that a rainbow was just beginning to form.  Still no rain – how could this be?  The sun was by now obscured behind hedgerows as gradually sunk from view behind me.  By now the town was shaded but the sun was still illuminated the sky above. “After a few minutes the rainbow became increasingly vibrant and formed into a full, double rainbow as seen in the photograph.  The really striking feature was the colour, with vibrant red and magenta, with a red inner arc; a phenomenon I have noticed when photographing rainbows at sunset and sunrise.  The spectacle disappeared quickly as the sun set further below the horizon.” You can see more of Robert Peel’s work here.  Researchers at the American Geophysical Union have previously explained in more detail why some rainbows appear all red.“The main factor appears to be the height of the sun above the horizon. At sunset, the width of the red band increases, while the width of the other bands of colours decreases,” they said.“The orange, the violet, the blue and the green bands disappear completely in this order. At the end, the primary bow is mainly red and slightly yellow.” What is a red rainbow?The low angle of the sun results in a longer distance for its light to travel through the atmosphere, causing shorter wavelengths of light, such as blue, green and yellow, to be scattered and leaving primarily red.In the lower light environment where the phenomenon most often forms, a monochrome rainbow can leave a highly dramatic effect.last_img

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Lloyds shares have fallen 25% in a month. Is this a buying opportunity?

first_img 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. Our 6 ‘Best Buys Now’ Shares See all posts by Edward Sheldon, CFA Lloyds shares have fallen 25% in a month. Is this a buying opportunity? Enter Your Email Address 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. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. center_img Edward Sheldon owns shares in Lloyds Bank. 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. Simply click below to discover how you can take advantage of this. 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. In recent weeks, Lloyds Bank (LSE: LLOY) shares have plummeted due to the economic uncertainty associated with the coronavirus outbreak. In the space of just a month, Lloyds’ share price has fallen from around 57p to 43p, a decline of about 25%.After such a significant share price fall, many investors are likely to be wondering whether Lloyds shares are now a bargain. With that in mind, here’s my take on the investment case for Lloyds.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…Rising dividendsLet me start by saying that Lloyds is a stock I’ve been relatively bullish on over the last few years. The bank has come a long way since the dark days of the Global Financial Crisis and profits have been on the rise. Dividends have also been on the up, and the yield on offer from the FTSE stock has often been very attractive. While recent full-year results for FY2019 were a little disappointing (mainly due to the significant cost of PPI charges), with earnings per share dropping from 5.5p to 3.5p, the bank still raised its dividend by 5% to 3.37p per share. That marked five consecutive dividend increases since the bank reinstated its dividend in FY2014 – a decent achievement. The group said that it “faces the future with confidence”, and that it remains well placed to “deliver strong and sustainable returns for shareholders” going forward.It’s worth noting that City analysts currently expect earnings per share of 6.82p this year, along with a dividend payout of 3.5p per share (a yield of around 8% at the current share price), which would represent a 4% increase in the dividend.Coronavirus impactThe problem now, however, is that the implications of the coronavirus outbreak add a high level of uncertainty to the investment case.As a UK-focused bank, Lloyds is highly exposed to the fortunes of the UK economy, which in turn, is exposed to global activity. If the coronavirus results in a severe economic contraction, which it may well do, Lloyds profits are likely to take a further hit. This could impact the bank’s ability to grow its dividend and result in a further share price fall. This is a risk that shouldn’t be ignored. Many experts now believe that UK economic growth is likely to stall in the near term. For example, last week, analysts at Deutsche Bank halved their UK growth forecast for this year to just 0.5%, a post-Global Financial Crisis low, because of the outbreak.Lower interest rates (the Bank of England has today slashed its base rate from 0.75% to 0.25%) are another problem for Lloyds. This is due to the fact that rate cuts reduce banks’ net interest spread – the difference between borrowing and lending rates. Again, this is likely to impact Lloyds’ profits and potentially its dividends.Overall, the investment case for Lloyds now looks far riskier.Speculative buyThat said, the stock does now look cheap. Assuming zero earnings growth this year, the P/E ratio is 12.4. And if we plug in the consensus earnings forecast of 6.8p, the P/E ratio is just 6.4. All things considered, I see Lloyds as a more speculative buy right now. There are risks to the investment case, however, if you’re willing to hold the stock for a few years, I think there’s a chance you could be rewarded, given the stock’s low valuation. Edward Sheldon, CFA | Wednesday, 11th March, 2020 | More on: LLOY last_img

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