Investors' Chronicle Investors' Chronicle

We begin with Mark Robinson who covers pest control business Rentokil (RTO) which saw a double digit surge in its share price after rumours of private-equity takeovers began swirling.
It’s then on to this week’s cover story by James Norrington on the investing greats and how investors can apply their wisdom to their own portfolios. 
Jennifer Johnson then joins the conversation with an update on leader of the FTSE 100, AstraZeneca (AZN). Why are shares down despite its guidance being upgraded? And what does the company offer outside of oncology drugs?
Last up, we cover energy company Centrica’s (CNA) results which received a less than favourable market reaction.
1:27 Rentokil (RTO)
12:53 Investing greats 
23:50 AstraZeneca (AZN)
33:31 Centrica (CNA)
Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial 
*After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only.


Hosted on Acast. See acast.com/privacy for more information.

This week, the IC team touch on everything from everything from water company share prices to the state of play in the sports brands industry, and Baillie Gifford’s investment trusts.
Alex Hamer unpacks Ofwat’s regulatory crackdown and what reforms mentioned in the King’s Speech will mean for companies such as Pennon (PNN), United Utilities (UU) and Severn Trent (SVT).
It’s been a busy few weeks for sporting events but there’s plenty more to come as this week’s cover feature analyses sports brands. Michael Fahy runs through the hot topics from Nike (NKE) versus Adidas (ADS), new challenger brands and marketing spending in the UK compared with the US.
Last up, Val Cipriani looks at how Baille Gifford’s Monks (MNKS), Edinburgh Worldwide (EWI) and Scottish Mortgage (SMT) are performing after 2022’s huge losses, Trump’s recent comments on trade relations, and more. 
Timestamps
1:22 Water companies 
12:38 Sports brands
27:52 Baille Gifford
Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial 
*After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only.

Hosted on Acast. See acast.com/privacy for more information.

In the latest episode of IC Interviews, Dave Baxter sits down with Chris Tennant of Fidelity’s Emerging Markets Trust. The pair cover everything from stocks Taiwan Semiconductor (TSMC) and Nasper (JSE: NPN) to the opportunities for shorting in China and areas believed to be the home of future emerging markets.
Timestamps 
1:00 Stocks in portfolio & TSMC
6:04 Nasper 
8:23 Buybacks in EM
11:15 General take on China 
16:08 Shorting 
19:10 India
22:48 Concentrating elsewhere 
24:34 Other EM options 
27:11 Overlooked themes 
29:11 Risks that investors are overlooking


Hosted on Acast. See acast.com/privacy for more information.

The episode begins with Alex discussing the housebuilding sector. He and Dan unpack Barratt’s (BDEV) recent trading update, whether investors should expect more M&A, and planning proposals from the new government.
Julian follows up by analysing student accommodation provider Unite’s (UTG) seemingly positive trading update. He explores the investment case given the weakening relationship between international students and universities’ finances, and how planning changes could affect the sector.
Last on the agenda is our annual ETF best-buy list. Dave Baxter explains the thinking behind the collection of funds, changes made for 2024, why investors should be wary of thematic ETFs and more. 
1:30 Housebuilders 
16:17 Unite 
27:45 Top 50 ETFs
Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial 
*After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only.

Hosted on Acast. See acast.com/privacy for more information.

We begin the show with Jemma Slingo who covers results at Baltic Classifieds (BCG), the largest internet services provider for the Baltics. The business has a dominant position in the housing and car listings market, making it a similar company to the UK’s Rightmove and Auto Trader. Dan and Jemma unpack its expansion plans, risks and valuation. 
Next, Mark Robinson joins to discuss the ‘decision intelligence’ company ActiveOps (AOM) which is gaining attention for high customer retention rates and positive earnings growth. Mark explores how large the scope is for its software services.
Last up, Julian Hofmann and Jemma discuss outsourcers Serco (SRP) and Mitie (MTO). The two explore current trading at the two companies and their prospects under a Labour government.
1:22 Baltic Classifieds
9:59 ActiveOps 
20:18 Serco
24:08 Mitie
Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial 
*After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only.


Hosted on Acast. See acast.com/privacy for more information.

Dave Baxter hosts Alastair Laing of Capital Gearing Trust, a vehicle which aims to grow but also protect investments over long periods. Often known for its bearish stance, the team at the trust use a combination of bonds, equities and property to position themselves and investors' cash securely in case of rocky market periods. 
In the episode, Dave and Alastair discuss how the trust has offset missing out on the US tech wave, inflation-linked bonds, the smaller positions they hold, and much more. 

Timestamps
1:00 Positioning of the trust
3:07 Pockets of value
4:36 Drivers of a regime change
5:57 Exposure to equities
7:04 Offsetting lack of involvement of US gains 
9:58 Bonds 
13:12 Inflation-linked bonds 
15:56 Executing investment views 
18:25 Smaller positions
20:31 Arriving at a valuation he can trust
24:19 How the trust navigates investment trust investments
27:09 Attitude to private equity 
29:04 Share buybacks 
34:07 The sector and structural decline
Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial 
*After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only.

Hosted on Acast. See acast.com/privacy for more information.