Original Broadcast: The Financial Outlook for Personal Investors
With Ben van Beurden stepping down as CEO of Shell, Russ Mould of A J Bell looks at the tenure of senior chief executives. With 9 years at the helm, he's the 24th-longest serving FTSE100 boss, the average currently being 6 years. Perhaps it was just a good time to leave. Russ also looks at the growing list of companies showing signs of demand ebbing or cost pressures building – or both.
Guests: Russ Mould
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Original Broadcast: The Financial Outlook for Personal Investors
2022 has been a challenging year for stocks in general, and rule-breaker stocks specifically. But the companies you buy during difficult times can become the best investments you make. Chris Hill talks with David Gardner, co-founder of The Motley Fool and Chief Rule Breaker, about: - Maintaining a “net buyer mindset” during a downturn - 2 books that can help you improve your investing mindset - Investing lessons from Zoom’s “short strange trip” Stocks mentioned: ZM, GOOG, GOOGL, SPCE Host: Chris Hill Guest: David Gardner
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Original Broadcast: The Financial Outlook for Personal Investors
Russ Mould of A J Bell says that, for the moment, markets are dancing to the central banks' tune, with the Fed talking tough and the Bank of England and European Central Bank following in their wake. He also explains why investors in it for the long term should not try to second-guess what politicians are going to do.
Guests: Russ Mould
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Original Broadcast: The Financial Outlook for Personal Investors
Victoria Scholar of Interactive Investor tells Simon Rose why the Jackson Hole central bank symposium in Wyoming is so important this year and what we might expect Fed Chair Jay Powell to say. With the severity of inflation a major driver of markets, we can expect them to be jittery for some time. In the UK, the new price cap will have a big effect on the CPI numbers.
Guests: Victoria Scholar
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Original Broadcast: The Financial Outlook for Personal Investors
Danni Hewson of A J Bell discusses the latest inflation numbers with Simon Rose (with reference to her early record collection) and what might yet happen with interest rates. While many retailers are under pressure, she points out that life is different for those at the luxury end of the market. She discusses the bid, finally, for Ted Baker and what is probably the start of a massive bidding war for cybersecurity company Darktrace. She points out how cheap the UK market is for American investors and explains why it is so difficult growing complicated tech firms within the UK.
Guests: Danni Hewson
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Original Broadcast: The Financial Outlook for Personal Investors
Victoria Scholar of Interactive Investor explains why markets viewed the lastest US inflation numbers – softening to 8.5% – so positively. She discusses what might be expected from the UK's GDP figures. She explains why the current political uncertainty in the UK – with the two very different approaches espoused by the candidates – is making the country a difficult place to invest, suggesting that, for the time being, UK markets are in a holding pattern.
Guests: Victoria Scholar
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Original Broadcast: The Financial Outlook for Personal Investors
Laith Khalaf of A J Bell explains why there was muted market reaction to the Bank of England's MPC increasing interest rates to 1.75%, the biggest increase in 27 years. With MPC members voting 8-1 in favour of the increase, Laith thought the Bank's forecast of 13% CPI inflation this winter showed them to be yet again behind the curve. If Liz Truss wins the Conservative Party leadership contest, Laith wondered if the MPC's remit – to keep inflation to 2% – might be under review.
Guests: Laith Khalaf
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Original Broadcast: The Financial Outlook for Personal Investors
Victoria Scholar of Interactive Investor talks to Simon Rose about why markets have been so buoyant despite aggressive monetary tightening from the US Federal Reserve. UK markets are lagging ahead of next week's MPC decision but earnings from commodity companies like Shell and Centrica were buoyant. Not so the reaction to results from either Barclays Bank or challenger Metro. Drinks giant Diagio is weathering the inflationary environment well, showing a bit shift to low- and no-alcohol drinks while ITV pleased investors with how well it is doing.
Guests: Victoria Scholar
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Original Broadcast: The Financial Outlook for Personal Investors
Russ Mould of A J Bell talks to Simon Rose about the ECB rate hike, bigger than expected in an effort to tackle inflation. He points out that there are 19 different inflation rates to consider and wonders how one interest rate can satisfy the requirements of so many countries. Are they, and other central banks, increasing rates into a possible recession? He also looks at the cost-of-living indicators for the UK and the latest capital raising exercise from cruise ship operator Carnival, a company, he feels, which may suffer if discretionary spending is cut back.
Guests: Russ Mould
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Original Broadcast: The Financial Outlook for Personal Investors
Victoria Scholar of Interactive Investor talks to Simon Rose about the current state of the housing market in the light of Barratt Developments' earnings. While the RICS show that price rises are slowing, the imbalance of housing supply and demand may provide support while UK rents have hit a record high. The latest GDP numbers were stronger than expected while retail sales continue to suffer; those retailers depending on discretionary spending are suffering most heavily.
Guests: Victoria Scholar
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