Investors Chronicle

IC columnist and day trader Michael Taylor sits down with Dan Jones in this episode of the IC Interviews podcast. In a wide ranging discussion, Michael discusses the current state of the market and his personal methodology, including why he never averages down, his preferred way to manage risk, and finding hot stocks. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

On this episode of the Companies and Markets show, we review results season and ask where the canaries in the coalmine have been, and consequently who has to look out for the second half of the year. This chat covers PageGroup, WPP, Rotork and more.Then, Jemma Slingo is on hand to discuss her long-read this week: Electrification's hidden winners. She takes a deep dive into an unheralded range of companies could be set to benefit from the electric revolution (and no, they're not all electric car makers).Dan Jones hosts Jemma Slingo, Mark Robinson and Julian Hofmann.Timestamps:00:00 - Intro01:09 - News roundup03:16 - Companies to keep an eye on in H212:57 - Electrifications hidden winners Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

On this week's episode, Dan Jones hosts Alex Newman, Mark Robinson and Michael Fahy to discuss two potential turnaround stocks in Pearson and Rolls-Royce, as well as a discussion of the UK audit market off the back of Michael's long read: Spotting the warning signs.Timestamps:00:00 - Intro01:08 - News roundup03:30 - Result of the week (1): Pearson13:13 - The UK audit market27:30 - Result of the week (2): Rolls-Royce See acast.com/privacy for privacy and opt-out information.

On this week's episode, Dan Jones welcomes Mark Robinson to the studio to discuss some of the companies best placed to cope with inflation. Their discussion starts with Unilever - a company with a stable of household names, that has consequently been able to pass on price increases to consumers in the past.Julian Hofmann then joins the pod to expand the conversation to include Reckitt Benckiser and Diageo as other potential inflation-proof companies, and look into a wider methodology of inflation-proofing your portfolio. Finally, the panel discuss recent results from banker's Lloyds and Barclays - is there any life left in these traditional high-street establishments? See acast.com/privacy for privacy and opt-out information.

It’s not been an easy year for environmentally focused funds, as the market rotation into value-focused equities has delivered a body blow to the share prices of the many innovative growth companies seeking solutions to global environmental problems. Our guest on this week’s pod is Jon Forster, co-manager of the Impax Environmental Markets investment trust. IEM is the largest in the closed-ended sector at more than £1.3 billion AUM; it soft-closed to new investors in 2020. Forster talks to Faith Glasgow about how the environmental market universe has changed over the past 20 years since IEM launched, the macro challenges of the past few months and how the managers have used that market volatility, and the key opportunities emerging within this rapidly evolving investment arena.  See acast.com/privacy for privacy and opt-out information.

The US economy is the driver of much of the world’s growth. Is it on the ropes as inflation soars and interest rates are hiked, as is being suggested by many commentators? Or are investors selectively ignoring some more favourable signals? Plus, what is the wider global context, particularly diving below the macro-economic factors to the fortunes of individual companies – portfolio manager Matthew Tillett and podcast host Joe Lynam discuss. See acast.com/privacy for privacy and opt-out information.

On this week's episode, Alex Hamer returns to the podcast to assess BHP and Rio Tinto's more recent fortunes - are we reaching a turning point of their success?Then, the IC's economics writer Hermione Taylor makes her debut to ask whether we should be comparing our current era with the 1970s and 1990s, which has been a popular refrain among observers. Finally, the panel discuss the reluctance from some companies to list in the UK, particularly off the back of Cambridge biotech company Abcam to abandon it's London listing for the Nasdaq.Dan Jones hosts Julian Hofmann, Alex Hamer and Hermione Taylor. See acast.com/privacy for privacy and opt-out information.

On this week's show, we get the breakdown on GSK spinoff Haleon which is set to list next week.Then Arthur Sants takes a fascinating dive into the business of psychedelic drugs, and whether they can be the future of depression and anxiety treatment.Finally, the panel look into the potential European gas crisis, with the threat of Russian pipelines being turned off hanging over the continent.Dan Jones host Alex Newman, Alex Hamer, Mark Robinson and Arthur Sants.Timestamps:00:00 - Intro01:00 - News roundup02:49 - GSK spinoff Haleon listing previewed13:24 - Can psychedelics be the future of anxiety treatment?23:16 - A looming European gas crisis? See acast.com/privacy for privacy and opt-out information.

On this week's episode of the Companies and Markets show, recruiter Robert Walters is the result of the week; how long can they continue to ride the skills shortage? Then IC funds editor Dave Baxter joins the pod to talk through this week's cover feature: The Top 50 ETFs 2022.Finally, the panel discuss the dangers of investing in unlisted, illiquid assets, specifically looking at Jupiter Investment Trust's reliance on it's Chrysalis Investment Trust holding.Dan Jones hosts Mark Robinson, Alex Newman, Julian Hofmann and Dave Baxter. See acast.com/privacy for privacy and opt-out information.

On this week's Companies and Markets Show, Arthur Sants examines whether payments app Wise can maintain its impressive growth rates, the team discusses ways to spot the best smaller company bosses, and Dave Baxter explores an increasingly neglected corner of the private investor landscape: share clubs.Dan Jones hosts Mark Robinson, Julian Hofmann, Arthur Sants and Dave Baxter See acast.com/privacy for privacy and opt-out information.

Welcome to the wonderful world of cardboard boxes as we review packaging business DS Smith as our result of the week! Companies writer Jemma Slingo brings her insight here.Then Alex Newman talks through his long-read this week: 'Lessons from high-growth investors', before finally Madeleine Taylor joins the pod to break down Ocado's latest bout of fundraising and prospects for the future.Dan Jones hosts Alex Newman, Mark Robinson, Jemma Slingo and Madeleine Taylor. See acast.com/privacy for privacy and opt-out information.

To be a successful stock picker over a long period of time, not only do you have to be a scrupulous researcher, you also have to guard against powerful human emotions.In this podcast, famed value investor Guy Spier talks through how his investment process has developed over the past two and half decades and why he’s feeling more optimistic in the current market rout than he has in previous crises. In conversation with the IC’s Mary McDougall, he talks through his investment thesis in some key holdings, explains why he bought and sold Twitter and questions whether fear and concern over China has sparked more critical stories about the investment case, or if it reflects a genuine underlying reality. They discuss the benefits that can be gleaned from studying your heroes, the challenges and opportunities presented by feelings of envy and the extent to which fund management is an attractive way to live a life. Guy has managed Aquamarine Fund since 1997, achieving annualised returns of 9.5 per cent

On this week's episode Alex Newman and Mitchell Labiak join Dan Jones to discuss our result of the week, housebuilder Crest Nicholson, before turning to the potential of house prices falling for the first time since 2012.Finally Julian Hofmann joins the pod to talk through his long read asking how modern value investing can mitigate risk for investors. See acast.com/privacy for privacy and opt-out information.

Scottish Mortgage Investment Trust's (SMT) shareholders have had a rollercoaster ride in recent years. The trust's share price has more than halved since its peak last November, following a spectacular run throughout most of 2020 and 2021. It’s now the UK’s second largest investment trust with net assets of £13.7bn.In this interview, the trust’s deputy manager Lawrence Burns explains why he and lead manager Tom Slater are sticking to their philosophy of trying to own high-growth long-term winners, despite changing macroeconomic conditions. Speaking with the IC’s Mary McDougall, he talks through how he approaches valuing companies, the earnings and cash position of the portfolio’s holdings and whether the valuation of the trust’s private companies might have grounds for concern.He also explains how the team’s thinking has evolved in relation to its Chinese holdings, what he has been buying and selling recently and which long-term themes he’s most excited about.  Burns joined Baillie Gifford in 2

Passenger numbers may be up at Wizz Air but the losses keep on coming, so what's the story? Madeleine Taylor joins the pod to decipher our result of the week, before looking at the aviation industry as a whole following chaotic airport scenes over the last week.Afterwards Christopher Akers talks us through his long-read on the future of food, specifically focusing on meat alternatives as an area for long-term optimism despite recent stalling of some big names... See acast.com/privacy for privacy and opt-out information.

The lesser-spotted Bearbull columnist has agreed that if ever there was a time IC listeners needed to hear his views, it might be now. In this interview with the IC’s Mary McDougall, he shares his thoughts on the current outlook for the economy, the extent to which UK equities might continue to mean revert, why he’s cautious on emerging markets and why Bearbull’s income portfolio hasn’t performed as well as he might have hoped over the past five years. They also discuss how much more deflating growth stocks might have to do, what is a reasonable yield for income investors to expect and the extent to which investors prioritising financial returns need to take ESG metrics seriously.  Bearbull has been regenerating at Investors' Chronicle since the 1950s. Its current incarnation has been in place since the 1990s.  See acast.com/privacy for privacy and opt-out information.

The first five months of the year have been terrible for tech investors, but over the past week performance has improved. Are we in a bear market rally? Or might performance improve from here?On the podcast this week, Polar Capital Technology Trust’s (PCT) manager Ben Rogoff tells the IC’s Mary McDougall how current valuations compare with history, what parts of the market he’s currently buying into and why recent performance has been disappointing for the trust compared with its benchmark. They discuss the areas of tech likely to suffer most in a recession, why he’s looking more closely at fintech, how to analyse the major cloud providers and why he’s glad he doesn’t own private companies.  Polar Capital Technology Trust had net assets of £3bn and was trading at a discount of 13.4 per cent on 1 June. Since the start of 2022, its share price has fallen 28 per cent. See acast.com/privacy for privacy and opt-out information.

A government U-turn has seen a windfall tax finally imposed on oil and gas companies, but what are the implications for investors? Also retail writer Madeleine Taylor joins the show to take a deep dive into M&S as the 'result of the week', and the IC's resident personal finance guru Leonora Walters talks through the magazine's feature on SIPPS.Dan Jones hosts Alex Newman, Mark Robinson, Madeleine Taylor, and Leonora Walters See acast.com/privacy for privacy and opt-out information.

With UK inflation reaching a 40-year high of 9 per cent, the Bank of England base rate lagging at just 1 per cent and the global stock market falling over 15 per cent since the start of the year, investors' priorities have turned to how to preserve the value of their wealth.On the pod this week, Peter Spiller, manager of Capital Gearing Trust (CGT), tells Mary McDougall how he has approached investing to preserve and grow wealth over the past 40 years, and talks through the key challenges facing the economy today, how it compares with history and what it means for investors.Spiller explains why he is cautious on the outlook for most global equities and the role that index-linked bonds, property and infrastructure can play in providing inflation protection - as well as the associated risks. See acast.com/privacy for privacy and opt-out information.

Arthur Sants returns to the Companies and Markets show to breakdown results for Vodafone and BT, before the panel ask what next for supply chains amid the ongoing inflationary crisis.Finally, private equity is under the spotlight, as their appetite for UK plc's doesn't show signs of slowing down.Dan Jones hosts Alex Newman, Arthur Sants and Julian Hofmann. See acast.com/privacy for privacy and opt-out information.