Original Broadcast: The Financial Outlook for Personal Investors
Chloe Wong Yun Shing of Edison Group returns to the topic of Athens-listed energy & metals company Metlen. Expanding into the defence equipment supply chain, its stragegy remains capex-led and organically financed. Its arrival on the London market in August will be the biggest listing of the year and the £5bn company will qualify for entry to the FTSE, making it a unique and attractive new stock. Finlay Mathers of Edison highlights a relatively small labour supply company listed on AIM. Hercules is worth £34m and recently made a big acquisition. Its revenues are rising, its margins stable and the market in areas like power transmission is growing. Although little known, the company is trying to increase the level of retail interest.
Guests: Chloe Wong Yun Shing,Finlay Mathers
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Original Broadcast: The Business Of Film
James Cameron-Wilson is disappointed that UK box office is down 36% but delighted with new #1 Superman, starring David Corenswet. Written and directed by James Gunn, he found it a thrilling and funny ride which is also pertinent and reckons a stale genre has been saved from the brink. Simon Rose was less enthusiastic. #26 is Modi: Three Days on the Wings of Madness, directed by Johnny Depp. Concerning Modigliani and other dissolute, starving artists in 1916 Paris it's a visual feast but also a mixed bag. On Amazon Prime, Heads of State has Idris Elba and John Cena as UK & US Premiers battling terrorists in an odd couple thriller. It's improbable and clichéd but rattles along nicely with decent banter.
Guests: James Cameron-Wilson
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Original Broadcast: Gadgets and Gizmos
Steve Caplin discusses an app that uses AI to create illustrated books for children, as well as AI being used to mark exams. Uber is making it easier for oldies to use their service, as well as trialling robotaxis in London next year. The Chinese have come up with a self-driving motorbike. The band Velvet Sundown, fantastically popular on Spotify, turn out to be an AI creation. There's an internal music player seeking crowdfunding. Chinese scientists have found a way to create cyborg bees. And John Hopkins University has invented an autonomous robot surgeon to remove gallbladders, though it has so far only operated on dead pigs.
Guests: Steve Caplin
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Original Broadcast: The Bigger Picture
Political commentator Mike indian discusses the removal of the whip of the four MPs who led the welfare rebellion. Despite Labour's massive majority, it is proving hard to maintain party discipline. Rachel Reeves has emerged as Starmer's co-Prime Minister with market reaction to her tears in the Commons strengthening her position, as there seems no possible alternative Chancellor. The Afghan data breach, and the superinjunction covering it up, is a spectacular blunder by the British state. It heightens the impression of incompetence at the top and the belief that civil servants are never held to account. Lastly, Mike turns to the lowering of the voting age to 16, wondering if Reform might not be the party that benefits most from it.
Guests: Mike Indian
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Original Broadcast: The Financial Outlook for Personal Investors
Fergus Caheny of Evelyn Partners says investors cannot ignore what is currently happening in the US, where Trump is unhappy with Jay Powell, the Chair of the Fed. It's a politically independent job with nine months to run and Trump cannot sack him. But there's talk of a shadow Fed chair which could challenge the incumbent. With growing unease at the growth of the US deficit, the bond markets are flashing amber at a time when more investors are turning to them as they offer better rates than for years. Bonds will be one of the most important stories over the next four years of Trump's presidency.
Guests: Fergus Caheny
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Original Broadcast: The Bigger Picture
Professor Tim Evans of Middlesex University says that it is now obvious that the welfare state begun by Lloyd George and Churchill in 1909 is on an unsustainable path and that the political cowardice of MPs has to end. The OBR has warned how vulnerable the UK's position is, yet not even Labour can get a grip on it. Tim discusses his own recently published "manifesto" as to how a failing state where nothing works can be rescued by private enterprise, pointing out the growing trend for people turning to private providers. And he highlights the massive sea change in the public's attitude towards private healthcare.
Guests: Professor Tim Evans
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Original Broadcast: The Business Of Film
James Cameron-Wilson celebrates a buoyant summer box office climbing another 42% with #1 Jurassic World: Rebirth. But despite a great cast including Scarlett Johansson and director Gareth Edwards, it is very formulaic and feels like a retread of past glories. Fiona Shaw and Emma Mackey star in #11 Hot Milk but again, despite such fine actors, it is bafflingly abtruse and so little happens, you might as well see the excellent trailer which even includes the climactic scene. On Netflix, James was disappointed by The Old Guard 2. Much as he enjoyed the first spin on immortaility this one is overbudgeted, crammed full of exotic locations and leaden.
Guests: James Cameron-Wilson
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Original Broadcast: The Financial Outlook for Personal Investors
Neil Shah of Edison Group feels BP is going through a transformation under a new management team although, like Rolls Royce, it will take time to gain traction. Reducing debt will make the company a less risky business but it is a key income provider with a progressive dividend policy and a secure income stream so its 6.5% yield is attractive. J P Morgan European Discovery Trust is indicative of the greater confidence in European economies where interest rates have stabilised. The fund has pivoted away from sector bets to stock selection and has an impressive record of finding small companies that prove to be big winners.
Guests: Neil Shah
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Original Broadcast: Gadgets and Gizmos
Steve Caplin feels sorry for the Norwegian lottery players told they'd won big, only to find it was a basic maths error. Monzo has been fined over "weak financial controls" while the gov.uk app still isn't ready. Amoral AI models gave alarming responses to being told they would be replaced, including blackmail and even contemplation of murder. Project Vend suggests AI isn't the best at operating a cafe. Humanoid robots won't be replacing professional footballers any time soon. There's a credit card-sized pen. NHS drones are going to be more prolific overhead in London. And mould from a tomb has been found to contain cancer-killing molecules.
Guests: Steve Caplin
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Original Broadcast: The Business Of Film
This week James Cameron-Wilson is joined by Chad Kennerk, our occasional American correspondent, to review the opening weekend performance of 'F1 The Movie', which at #1 is now Brad Pitt’s highest-grossing movie, beating the record set in 2013 by his zombie thriller 'World War Z'. Having waxed lyrical last week about Danny Boyle’s new film '28 Years Later', James returns to where the franchise left off in 2007, reviewing the title with fresh eyes. While on the subject of zombies, Chad and James share some of their favourite undead excursions. James was less thrilled with the film at #6, 'M3GAN 2.0', which continues the escapades of the titular killer robot doll as she goes good in order to face off with a deadlier foe. For his streaming title of the week, James reviews the sobering Netflix documentary 'Grenfell Uncovered'.
Guests: Chad Kennerk,James Cameron Wilson
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