Explore every episode of the podcast Investors' Chronicle

This week’s episode begins with the sweeping Democratic gains in the US midterm elections, with voters delivering a harsh verdict on President Donald Trump and his Republican Party.

But what does the tsunami of blue mean for markets? Alpha editor James Norrington is in the studio to look at the dollar, US Treasuries, gold and what comes next for investors.

Company results season is warming up with several big names reporting in recent days. Erin Withey has the details on Associated British Foods (ABF) after its share price struggled, led by a drag from sugar and its Primark clothing arm.

Finally, we turn to our Big Read and explain how to take advantage of the infrastructure opportunity. Val Cipriani helps investors understand this broad asset class and offers answers to the all-important question of which stocks and funds to buy.

Timestamps:

00:00 Introduction

01:18 Midterms vs markets

05:53 ABF

12:28 How to invest in the infrastructure opportunity

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Very few people enjoy admin, especially when it comes to money. And for women, who already take on the bulk of the ‘mental load’ of managing other aspects of family life, financial planning can feel especially daunting.

After a short hiatus, funds editor Val Cipriani and personal finance editor Holly McKechnie are back in the studio to dive into why managing our finances becomes such a challenge and how to make space for it in a busy life.

Val and Holly get into the nitty-gritty of what the mental load actually is, the scale of the problem, and how it can affect your financial planning. The pair offer solutions to balancing life and finances, as well as exploring how to navigate the tricky topic of money in relationships.

Women and Wealth is a monthly podcast from Investors’ Chronicle. You can listen to and watch episodes of Women & Wealth, alongside our other podcasts, on ACast, Apple, Spotify or YouTube

Timestamps

00:00 Introduction

01:19 What is the mental load

06:22 How the mental load can affect your financial planning

09:58 Tips to make money admin easier

13:09 Why pensions and wills are often neglected

20:39 Managing money as a couple

If you have any questions you’d like Val and Holly to answer, email val.cipriani@ft.com or holly.mckechnie@ft.com

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week, we break down the biggest stories in what has been an especially busy week for companies and markets news, starting with AI giant Anthropic firing the starting gun on its imminent IPO plans.

Our tech reporter Arthur Sants dives into everything you need to know about the Claude owner’s stock exchange filing, including its rapid growth and major financial obligations, as well as whether the company represents a good investment, a risk to humanity, or both.

We then turn to the Burnham government’s first Budget, revealed yesterday by chancellor John Healey. Our personal finance editor Holly McKechnie explains how the important announcements will affect you and your money, taking in Isa changes, tax increases and more.

The episode wraps up with a focus on UK banks, after Healey announced that the sector would be subject to higher taxes, albeit not quite as high as some had thought. Chris Akers talks through the implications, as well as taking a look at third-quarter updates released this week from Lloyds, Barclays and HSBC.

00:00 Intro

01:11 Anthropic IPO

16:49 What does the Budget mean for your money

27:02 UK banks

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Infrastructure lies at the very heart of the AI opportunity. There is no Claude or ChatGPT without data centres or power. But how can investors avoid overpaying for such prized assets?

3i Infrastructure (3IN) is a £4.2bn trust that invests in physical assets that combine income and growth, taking advantage of trends such as digitisation, the energy transition and demographic changes.

Its chief financial officer James Dawes and the IC’s funds editor Val Cipriani sit down to discuss the trust’s new data centre investments, opportunities and risks across the sector and how to apply a private equity mindset to infrastructure.

Timestamps

00:47 3i Infrastructure’s investment strategy

08:00 Megatrends driving investment

14:45 How rising interest rates and inflation affect infrastructure investments

18:12 Investing in a Norwegian data centre

36:12 What's going on with DNSnet now?

You can listen to the interview, alongside all of our other podcasts, on ACast, Apple, Spotify or YouTube.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week, we return to our ultimate guide to Britain’s junior market, as we mark the release of Part Two of our Aim 100 Special Report.

We kick off with medical technology business Niox, which has just completed that relatively rare thing: a tender offer to shareholders. Julian Hofmann investigates whether the company is a safe haven in a volatile sector.

We then cast our ears to a stock that’s been an incredible rollercoaster ride in 2026: hydrogen electrolyser manufacturer ITM Power, whose shares soared and then came back down to earth again. Mike Fahy weighs up whether its commercial prospects square up with its still-lofty valuation.

Finally, Valeria Martinez considers data and information management business Restore. Valeria finds out if its turnaround plan is now bearing fruit.

00:00 Intro

00:56 Niox

08:37 ITM Power

18:34 Restore

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Third-quarter earnings season (Q3) is under way and it’s taking place amid some renewed wobbles for AI and chip stocks.

With this in mind, this week’s show considers two companies that could be construed as defensive. First, we turn to emerging market-focused asset manager Ashmore – while not the most obvious port in a storm, its focus on debt rather than stocks means it offers resilience. Mark Robinson explains its recent trading update.

We then look at healthcare giant Johnson & Johnson, perhaps less of a defensive staple than it once was following the spin-off of its consumer division, but still a potential haven nonetheless. Julian Hofmann has the details and explores why, after a good year so far, its Q3 figures were not well received.

Julian also dives into this week’s Big Read: How to profit from profit warnings. He talks through recent trends, market reactions and what it all means for the wider economy.

Timestamps:

00:00 Intro

01:02 Ashmore

10:16 Profiting from profit warnings

23:14 Johnson & Johnson

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s episode marks the publication of the first half of our annual Aim 100 special report – our review of the biggest companies trading on London’s junior market.

While Aim has had its share of issues in recent years, there are still plenty of stocks worth investors’ attention. The episode kicks off with one business that has had some problems of its own, including US budget cuts: equipment maker Judges Scientific. Julian Hofmann weighs up whether it can make a comeback.

We also dig into rare earths business Mkango Magnetic Materials, which combines exploration and recycling projects and has several global ventures to keep tabs on. Mark Robinson explains what’s going on with the company.

For those who are more risk-averse or looking to add a bit of balance to their holdings, we examine the state of play for wealth-preservation trusts: the trio of funds that often act as countercyclical portfolio picks. Holly McKechnie has the details on Ruffer, Personal Assets and Capital Gearing.

Timestamps:

00:00 Intro

01:11 Judges Scientific

10:59 'Safe' funds

20:06 Mkango Magnetic Materials

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s episode begins by looking into Labour’s new ‘Your First Home’ scheme, a replacement for the controversial Help to Buy programme. Announced by Prime Minister Andy Burnham, it is designed to give more people a chance of buying their first property. But what does it actually entail? And will it succeed, or will it just prop up the housing market and housebuilders like its predecessor? Hugh Moorhead discusses the potential beneficiaries.

We then cast our ears to another bid for a UK-listed company: materials specialist RHI Magnesita’s attempt to acquire rival Vesuvius. Mike Fahy outlines what the takeover will look like and whether it’s likely to succeed.

We wrap up with our Big Read of the week on what history teaches us about investing. James Norrington explains why we need to look further than the recent past. From the 17th century to the pandemic, James discusses rising debt levels, trade wars and much more.

Timestamps

00:00 Intro

01:05 'Your First Home' scheme

11:35 Bid for Vesuvius

22:07 Future-proofing portfolios

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Lord John Lee and Alex Newman are back on the mics to get into the nitty-gritty of small-cap stocks, looking at software provider Pebble Beach Systems (PEB).

With a market capitalisation of £38mn, the company is a bright spot in Lord Lee’s portfolio and specialises in ‘playout’ automation and solutions for broadcasters and streamers.

The duo are in the studio with the Aim stock’s chief executive Peter Mayhead to discuss how Pebble benefits services both traditional broadcasters and increasingly streamers. They also explore the group’s competitive advantage, its balance sheet turnaround and a potential dividend.

Elsewhere, the podcast looks at tumultuous market conditions, what this means for Lord Lee’s portfolio and how he plans to ride out the volatility.

Time stamps

01:01 The markets

04:47 Inside Pebble Beach

20:22 Pebble’s turnaround

36:41 What’s behind the growth

42:42 Lord Lee’s portfolio updates

Let us know your thoughts, or if you have any questions or any suggestions for future guests, by emailing alex.newman@ft.com

Listen to more podcasts from Investors’ Chronicle by clicking here or heading to Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s episode kicks off with the latest batch of London-listed AI players. Up first are the IT resellers who are reaping the rewards of the boom; we discuss Computacenter and Softcat, the latter of which tapped investors for several hundred million pounds last week.

On the other side of the ledger, there has been a fresh sell-off for the likes of Rightmove after Meta released its AI agent, Muse. But the question is: have these ups and downs gone too far? Our technology reporter Arthur Sants discusses the prospects for resellers, Meta, and online marketplaces.

We then cast our ears to the burgeoning business of prize draws, be it high-profile ‘win your dream home’ competitions or all manner of niche prizes. Is this a new UK national obsession? Which companies are trying to muscle in on the sector? And what does all this say about our saving habits? Erin Withey has the answers.

The show wraps up with a look at our pensions special report: all you need to know about using a personal pension, how to invest it and how to plan the perfect retirement, in one helpful guide. Helen Kirrane explains when to use a pension versus an Isa and outlines some quirks to watch out for.

Timestamps:

00:00 Intro

1:09 AI winners

18:47 British prize draw boom

31:30 Planning your pension: Our special report

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

The Bankers Investment Trust is a global stock market fund with around £1.5bn in assets.

It’s an exciting time for the trust as it says goodbye to longstanding manager Alex Crooke. Richard Clode, who joined as co-manager last year, is taking over.

Funds editor Val Cipriani sits down with Clode to discuss what the switch-up means for the portfolio and what being a quality investor means to him.

The duo also explores how Clode balances stockpicking with geopolitics, his attitude to risk management, and where he is finding new opportunities.

You can listen to the interview, alongside all of our other podcasts, on ACast, Apple, Spotify or YouTube.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s episode looks at two companies making a series of deals and partnerships in a bid to buck the troubling trends in their respective sectors. 

We begin with consumer staples company McBride, whose shares have been buoyant in recent weeks as the cleaning products manufacturer, known for brands such as Oven Pride, expands its horizons. Mark Robinson is in the studio to discuss the details.

Hugh Moorhead then joins the conversation to look at the dealmaking plans at Supermarket Income Reit, seen by investors as a rare bright spot in the property sector at the moment. 

The show wraps up with an existential question that has been hitting headlines over the past week: Is AI going to destroy the world? Mark is back to give his view on whether the hype and hysteria have got out of hand.

Timestamps

00:00 Intro

00:52 McBride

12:24 Supermarket Income Reit

20:26 Has the AI hysteria got out of hand?

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Figuring out which funds to buy is overwhelming for even the most experienced investors – but as a beginner, it’s important to understand your options so you can make the right decisions. Funds editor Val Cipriani is in the studio with personal finance editor Holly McKechnie to break down the process. 

First, the duo explains what a fund is, the three main types, and why they are a good option to kick-start your investment journey. Val then dives into the difference between stocks and bonds, while also helping you to understand risk tolerance and how to figure out what kind of investor you are or want to be.

Before rounding off, Val gets into the nitty-gritty of portfolio-building best practices. From keeping it manageable to controlling your costs, Val and Holly have you covered. 

If you want to get started, you can check out our Top 50 funds here.

00:00 Intro

00:45 Why a fund is a good option for beginner investors

04:32 The different types of funds

13:30 How to build a portfolio and decide your asset allocation

17:36 Understanding active funds

Listen to episodes of Women & Wealth by clicking here or on ACast, Apple, Spotify or YouTube.

If you have any questions you’d like the duo to answer, email val.cipriani@ft.com or holly.mckechnie@ft.com

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Even as uncertainty reins in the markets, 2026 has been another bumper year for returns. But, as ever, that does hide plenty of dispersion below the surface; with that in mind, this week’s show looks at two stocks at opposite ends of the scale.

One is up over 800 per cent in the year to date – that’s semiconductor manufacturer IQE, which reported interim results on Monday. Michael Fahy is in the studio to dive into the details and ask whether its run can continue.

At the other end of the spectrum is Mortgage Advice Bureau, which fell 20 per cent on Wednesday after lowering full-year guidance. Julian Hofmann asks whether there’s any light at the end of the tunnel after it departed from Aim, and will also run the rule over the thus-far better-performing Property Franchise Group.

In between, we turn to our Top 50 Funds of 2026. Val Cipriani and her expert panel have compiled our annual rundown of 50 active funds we think may be suitable for a range of investors. Val talks through our picks.

00:00 Intro

01.14 IQE

14:19 Top 50 Funds

26:17 Mortgage Advice Bureau

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s show begins with a look at Meta after the social media giant had to fork out $18bn following accusations that its products are deliberately addictive for younger people. Valeria Martinez is in the studio to discuss whether big tech and other sectors are now the new ‘sin stocks’ and whether the companies which are so irresistible to consumers are toxic for investors. 

We then discuss our annual Top 50 ETFs best-buy list, released earlier this summer. Val Cipriani talks us through how it was compiled, some of the changes, and what investors should consider when buying tracker funds.

Finally, we look at building materials supplier Grafton, which released half-year results on Thursday morning. Mark Robinson weighs up whether its UK struggles are being offset by better business in the rest of Europe and its home market of Ireland, and what this means for the investment case.

00:00 Intro

01:09 Top 50 ETFs

12:34 A new age of 'Sin stocks'

27:10 Grafton's results

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

First, we cast our ears to British industrial stocks and ask whether they are being picked off too cheaply. Michael Fahy dives into why manufacturers are significantly more undervalued than their US counterparts and discusses the sector’s acquisitions in recent years.

We then turn to what is arguably our most important savings pot: the pension. You may have saved diligently and kept a close eye on your investments, but unexpected problems can still arise. From a later-life divorce or a stock market slump, plenty can throw retirement into jeopardy. But fret not, Holly McKechnie is in the studio to talk through the most common threats – and how to avoid them. 

Finally, we look at Nvidia and its keenly anticipated earnings update. To investors’ joy, it delivered on all fronts and revenue at the world’s largest company more than doubled, smashing Wall Street’s expectations. Arthur Sants explains the latest figures and its new circular financing strategy, which is raising a lot of eyebrows (more on that here).

Timestamps

00:00 Intro

03:32 Are UK industrials being picked off too cheaply?

19:95 Common risks to your pension – and how to avoid them

20:36 Nvidia's promising figures and new financing strategy

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

After a summer hiatus, Alex Newman and Lord Lee are back in the studio, and the duo have a lot to catch up on. The UK has seen a change of prime minister, record-breaking heat and plenty of action in stock markets.

First, the pair turn to Britain’s new government. While Andy Burnham and John Healey have revealed very little about their fiscal plans, Lord Lee gives his thoughts, including how to encourage the country’s sleepy retail investor base. 

The episode then moves to listener questions, John’s approach to stockpicking and the latest buys, sells and changes in his own portfolio. Highlights include Primary Health Properties’ lofty yield and why he believes investing is an “art rather than a science”.

00:00 Intro

01:08 Lord Lee's thoughts on Burnham's Britain

10:18 A look into John's portfolio: Buys and sells

21:09 Jet2, PZ Cussons, Christie Group and more

33:26 Goodwin, income stocks and takeover opportunities

Let us know your thoughts, or if you have any questions or any suggestions for future guests, by emailing alex.newman@ft.com

Listen to more podcasts from Investors’ Chronicle by clicking here or heading to Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Up first this week is self-labelled ‘King of Trainers’ JD Sports, whose shares took a 15 per cent tumble on Thursday morning. The FTSE 100 retailer has blamed much of the slump on delayed back-to-school spending and a rising cost of living. Erin Withey explains what’s going on.

Next we turn to what has become a trend of the past few months: star fund managers overhauling portfolios. Bill Ackman of Pershing Square has joined the party in trying to stop disappointing returns, but when your portfolio only has around 12 stocks, and you change 11 of them, it’s going to have some significant repercussions. Val Cipriani is in the studio to discuss whether the shake-up is for the better or whether investors should be worried. 

Finally, we look at Oxford Nanopore; initial excitement after its IPO has waned, and the testing company has struggled as its biggest segment, its research arm, has lagged. Julian Hofmann dives into its management’s plans to switch up its strategy and what this means for shareholders.

00:00 Intro

3:59 JD Sports

10:57 Pershing Square

20:08 Oxford Nanopore

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

After an avalanche of earnings updates, we turn to our annual Income Majors special report and dive into two prominent FTSE 100 dividend stocks. First up is insurer Legal & General; pressure has been mounting on the company as it grapples with a more competitive pensions market. Christopher Akers explains the CEO’s buyback plan, its yield and what it means for investors.

We then move to GSK, once known as GlaxoSmithKline, which faces a tricky balancing act between dividends and developing new drugs. The pharma giant has been spending heavily on R&D – a staggering £18bn this year alone to build its oncology pipeline. Julian Hofmann has the details.

Finally, we cast our ears to Hill & Smith’s growth across the pond. The steel products company now generates two-thirds of its revenue from the US and has even switched its currency from sterling to dollars. Michael Fahy discusses what’s going on at the growing business.

Timestamps:

00:00 Intro

03:22 Legal & General

10:42 GSK

18:57 Hill & Smith

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Women, on average, earn less than men, have less saved in a pension and have to take more time off from work to care for others. But while society is rigged to burden women with heavier loads, Gina Miller has made it her mission to change this and close the gender wealth gap. 

Gina is an activist, entrepreneur and the founder of MoneyShe, an investment platform focused on women’s finances. Gina, who became widely known for her anti-Brexit campaign and has spent decades working in the City, sits down with funds editor Val Cipriani to discuss the barriers blocking women from investing, the inherent misogyny in finance and practical steps to build a portfolio.

She also discusses the financial consequences of having cancer and her experience with economic abuse.

00:00 Introduction

02:41 Understanding the gender wealth gap

06:09 Why women invest less than men

10:41 Practical tips for getting started

15:12 Misogyny in finance and campaigning for change

20:02 The financial impact of cancer

23:12 Economic abuse and financial independence

26:24 MoneyShe and Gina’s current campaigning work

Women and Wealth is the monthly podcast series from Investors’ Chronicle. You can listen to and watch the episodes alongside our other podcasts on Acast, Apple, Spotify or YouTube.

If you have any questions you’d like Val to answer in the podcast, email val.cipriani@ft.com

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

M&A activity remains rampant, and this week we start with a tie-up that would rank among the biggest deals of all time: AstraZeneca and US rival Bristol Myers Squibb. Julian Hofmann discusses the merits of the mooted $400bn deal, the drawbacks and why investors’ response to the rumour has been bleak. 

We then turn to what could be the greatest disrupter humans have seen for decades: the rise of AI and what it means for the jobs market. As speculation runs rampant as to how many roles could be lost, Hugh Moorhead is in the studio to curb some of those concerns. Hugh explains what’s actually going on, which companies might stand to benefit, which might not, and how investors should respond.

Finally, Mark Robinson puts medical device maker Smith & Nephew under the microscope after its half-year figures suggest its long-awaited rebound hasn’t quite arrived. But with an activist lurking on the shareholder register, could better times be on the way?

00:00 Introduction

1:20 AstraZeneca

15:43 AI's impact on the jobs market and what this means for investors

30:23 Smith & Nephew

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Results season is in full swing, and it’s been another bumper week – with the overwhelming majority positive. But there are always laggards, and this week’s show dives into one of the FTSE 100’s biggest fallers, Rentokil. The pest control business’s shares plunged after its half-year figures. Julian Hofmann explains why.

Then, we look overseas, with many of the big AI and semiconductor trades going into reverse over recent weeks, including memory-chip makers SK Hynix and Samsung. So what better time to discuss how to pick out the value shares in these global markets. Michael Fahy talks through his favourites. 

And finally, we look at the consequences of the SpaceX IPO for Britain’s investors – not the losses on which they’re sitting, but the possibility of it having tipped the first domino on access to US IPOs. Helen Kirrane explains what’s going on

00:00 Introduction

00:57 Rentokil

10:54 Global value hunting

22:33 US IPOs

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Seraphim Space (SSIT) has been one of the best performing investment trusts in the past year. Helped by the enthusiasm for the sector generated by SpaceX, the £400mn trust pulled off a rare fundraising and now has a pile of cash to deploy.

Val Cipriani sits down with chief executive Mark Boggett, who discusses opportunities and volatility in space, why he isn’t afraid of concentration, and how space technology could prove as revolutionary as the internet or AI.

You can listen to the interview, alongside all of our other podcasts, on Acast, Apple, Spotify or YouTube.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

As the half-year results season falls upon us, a smorgasbord of companies are reporting over the next few weeks. But today’s episode focuses on two whose outlooks are already in.

Hugh Moorhead looks at contractor Morgan Sindall, which reported ahead of this episode’s recording on Thursday. This is followed by Mark Robinson, who talks through comparison website Mony, better known as MoneySuperMarket. Hugh discusses Sindall’s merits, while Mark weighs up Mony’s valuation. 

But before diving into results, we must cast our ears to what is arguably the biggest funds story of 2026. Terry Smith, of Fundsmith, decided to abandon his longstanding ‘do nothing’ approach in favour of a momentum strategy, overhauling more than half his portfolio in six months. Funds editor Val Cipriani unpacks what’s going on and explores whether or not investors should throw in the towel.

00:00 Intro

01:50 Terry Smith

20:12 Morgan Sindall

31:50 Mony Group

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week begins with how booming demand for AI infrastructure is driving a sharp increase in the price of memory chips. Erin Withey is in the studio to explain what this means for supply chains, which companies are winning as a result, and whether the squeeze is here to stay. 

Casting our ears abroad, we move to India, where a recent rally in the country’s equity funds has sparked investor interest. Helen Kirrane unpacks the reasons why lower oil prices and attractive valuations are boosting sentiment, and which funds are at the forefront of the recovery. More updates on that here

Finally, Michael Fahy talks through defence contractor Cohort, after it reported another year of strong growth. Mike discusses how a rising demand for its electronic warfare systems is fuelling its healthy order book and filling its pockets.

00:00 Intro

03:42 AI inflation

11:58 India funds

17:24 Cohort results

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s show begins with Labour’s decision to force tech giants to give more prominence to traditional news broadcasters on social media, to help battle misinformation. Valeria Martinez discusses what this quick-fire solution to get younger people to engage with older news outlets means for investors and the companies involved.

We then turn to Britain’s housing market as the cost of homes crept up in June. Hugh Moorhead dives into whether it’s showing signs of meaningful recovery, regional trends and how affordability pressures are affecting buyers. Hugh also talks through housebuilder Vistry’s dramatic share price plunge this week.

Finally, Julian Hofmann discusses the success of legal firm Knights after it released positive results this week. With its acquisition-led strategy proving fruitful and cash generation benefiting shareholders, Julian explores how it’s growing without resorting to borrowing.

00:00 Introduction

03:39 Broadcasters

13:18 Outlook for Britain's housing market

19:34 Knights results

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The gender health gap is an issue which affects far more than just wellbeing; it impacts your career, earnings and long-term financial stability.

In this episode of Women and Wealth, funds editor Val Cipriani and personal finance editor Holly McKechnie walk you through why women experience poorer health than men, how it is a systemic issue of under-investment in women’s healthcare and what this means for your finances. 

The duo explore how the menopause and conditions such as endometriosis affect your earnings and pension pot. Holly and Val also explain how employers can improve support and offer practical steps women can take to protect their pockets from sudden or long-term illness.

Women and Wealth is the monthly podcast series from Investors’ Chronicle. You can listen to and watch the episodes alongside our other podcasts on Acast, Apple, Spotify or YouTube.

If you have any questions you’d like Val and Holly to answer, email womenandwealth@ft.com

00:00 Introduction 

01.19 What the gender health gap is and how it impacts your finances

11.46 Impact of menopause and endometriosis on a your working life

15: 51 Practical things to improve your financial security

24:13 Outro

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

In this week’s episode, we turn to Britain’s recruitment stocks. Valeria Martinez looks at the impact of AI on hiring demand, which is hitting share prices, and also discusses the perennial question: is the new technology a concern or an opportunity?

Next, we cast our ears to Italian tech buyout specialist, and Baillie Gifford favourite, Bending Spoons, following its Nasdaq debut earlier this week. Val Cipriani dives into its growth strategy and what the IPO means for investors and the likes of Scottish Mortgage.

Lastly, Julian Hofmann looks at agricultural supplier Wynnstay (WYN), after it announced positive results despite headwinds for the farming sector. Julian explores how the company is navigating volatile fertiliser prices, cutting costs, and the reasons to be optimistic.

00:00 Introduction

04:20 AI vs the recruitment sector

15:12 Bending Spoons

25:03 Wynnstay results

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week, we begin with online grocer Ocado (OCDO) following reports of a CEO switch. Julian Hofmann dives into what a potential change at the top will mean for the FTSE 250 company that has struggled to deliver despite decades of investing in its technology. 

Next, we turn to Liontrust Asset Management (LIO), where, despite another year of poor results, it reported an early completion for its acquisition of River Global. Christopher Akers explores the positive response to the news and whether M&A offers a road to recovery.

Lastly, we look at Telecom Plus (TEP), better known as Utilities Warehouse, after it slashed dividend payouts and cut forecasts. Julian is back to discuss the provider’s plans to kick-start customer growth and considers whether investors are right to have confidence in the turnaround. 

00:00 Intro

06:33 Ocado

12:17 Liontrust Asset Management

20:08 Telecom Plus

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Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week, we begin proceedings with a look at the contrasting fortunes of two UK wealth managers: Aim-traded Tatton Asset Management (TAM) continues to reap rewards from its dominance of the model portfolio market. But its older rival, Rathbones (RAT), ran into trouble this week when it announced it would temporarily stop accepting investments from some higher-risk clients following a review by the regulator. Chris Akers is with us to shed some light on both situations.

After that we look at online retailer AO World (AO.), which continues to make a better fist than it once did of operating in an environment of shaky consumer confidence. Erin Withey will talk about the company’s growth strategy and its plans to return money to shareholders.

Lastly we turn to Castings (CGS), the 190-year old foundry operator that sells into the HGV market. Mark Robinson is here to analyse its recent results and to consider whether this is a turnaround situation.

Timestamps

00:00 Intro

01:03 Wealth Managers

09:47 AO World

20:22 Castings

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Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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Fevara (FVA:127p) may be new in name, but its roots and expertise stretch back more than a century through the former Carr’s Group. In the wake of this major transformation, the livestock supplements company’s focus is now on improving farming productivity through its advanced animal feed technology and supplements, and overseas expansion.

Alongside chief executive Joshua Hoopes, Alex Newman and Lord Lee delve into the company’s strategy both at home and in South America. They cover Fevara’s lofty ambitions in Brazil – its acquisitions so far, the competitive advantages of the country, and the company’s targets for long-term growth. 

They also discuss why Hoopes believes Fevara can continue growing despite structural changes across the agricultural sector, and issues concerning sustainability and the climate crisis.

The trio also explore shareholder returns, dividend policy and the outlook for global cattle markets.

Let us know your thoughts, or if you have any questions or any suggestions for future guests, by emailing alex.newman@ft.com

00:00 Intro

02:48 Fevara’s transformation

07:00 Fevara’s feed supplements

17:18 Why Brazil is Fevara’s biggest growth opportunity

27:39 Sustainability, emissions and the future of cattle farming

38:04 Lord Lee’s latest portfolio moves

Listen to more podcasts from Investors’ Chronicle by clicking here or heading to Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s show dives straight into safety and equipment maker Halma (HLMA), which reported its full-year results on Thursday morning. It may be time to re-evaluate the company’s description as one of the FTSE 100’s least newsworthy businesses – it has been reaping the rewards of the AI boom. But with increased interest comes heightened expectations, and perhaps this is why its shares tumbled by 15 per cent on the day of the results. Mark Robinson digs into the details on whether this ‘quality stock’ is more volatile than it once was.

We then turn to big pharma giant GSK (GSK). The drugmaker made its largest deal in over a decade earlier this week with the acquisition of US cancer biotech Nuvalent. Julian Hofmann takes a look at the $11bn deal and what it means for the future of the pharmaceutical company.

Finally we discuss venture capital trust Molten Ventures (GROW), whose investments in the likes of fintech Revolut and microsatellite operator ICEYE have helped boost its returns. Mark is back to explore its portfolio and looks at whether the trust is morphing into something different.

00:00 Introduction

01:22 Halma

14:47 GSK

23:06 Molten Ventures

32:25 Outro

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s show dives straight into trading platform CMC Markets, after its promise of an imminent inflection point sent its shares soaring to the top of the FTSE All-Share leaderboard on Thursday. Julian Hofmann discusses the business’s full-year figures, its big future plans and whether it’s becoming a more reliable investment.

We then turn to this week’s Big Read on how to tap into Britain’s mammoth water plan; the £100bn strategy to shore up and hopefully improve the dismal state of the country’s infrastructure. Will it succeed? And will it lead to new business for contractors and those working on new technologies? Hugh Moorhead has the answers.

Finally, we take a look at beleaguered fund manager Nick Train’s latest attempts to encourage investors to stick by him during a period of significant underperformance. Holly McKechnie tells us what changes are being made to Finsbury Growth & Income Trust (FGT).

Read more here:

How investors can tap into Britain’s waterworks plan

Will Nick Train’s Finsbury Growth turnaround plan work?

CMC Markets’ shares jump on upgraded outlook

00:00 Intro

01:08 CMC

13:33 Britain’s waterworks

29:15 Nick Train’s new strategy

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Polar Capital Technology Trust (PCT) is one of the most popular and best-performing tech-focused funds available to DIY investors, having built up its record and fan base long before the likes of AI and ‘Magnificent Seven’ became everyday terms. And deputy manager Ali Unwin has been part of that story since 2021, helping investors access the best and brightest, and yet-to-be-discovered names in the tech world.

Val Cipriani sits down with Ali to discuss the fund’s approach in the changing AI space, how to go find the right companies when traditional ways to value stocks are stretched, a world beyond the likes of Nvidia, and plenty more.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s show dives straight into Elon Musk’s SpaceX as it gears up for the biggest IPO in market history. We consider what newly released financial details reveal about the company, and whether a mooted $1.75tn valuation is a sign of market madness. Alex Hamer has the details

Coming back down to earth, we take a look at Pets at Home. The FTSE 250 retailer has struggled with a mixed outlook and regulatory scrutiny for several years now. But with a former Waitrose boss now in charge, and underlying markets starting to improve, things could be looking up. Valeria Martinez tell us what’s going on

Lastly, with the publication of the UK’s 10-year defence spending plan imminent, Michael Fahy examines recent numbers from UK manufacturers Qinetiq and Cohort, and delves into what the future holds for the companies and the wider sector.

Read more:

SpaceX’s blast-off could burn investors

Pets at Home profits hit by retail price cuts

00:00 Intro

01:03 SpaceX

19:14 Pets at Home

28:00 Defence

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Leaving the stability of a full-time job to become self-employed is a truly daunting decision. Gone is the safety net of a monthly pay cheque, and if you want to start your own company, the pressure can feel monumental. In this episode of Women and Wealth, funds editor Val Cipriani sits down with Felicia Hjertman, head of investments at Monument Bank and former founder of an investment platform, to dive into entrepreneurship and investing.

Felicia walks through everything from starting a business, the challenges of raising money as a woman, and the emotional and financial realities of managing, and then eventually closing, a company. The pair also discuss why many women can feel excluded from the world of investing, and offer solutions on how to navigate any apprehensions.

If you have any questions you’d like Val to answer, email womenandwealth@ft.com

00:00 Introduction

00:57 Starting a business

16:24 Fundraising

27:00 The gender investment gap

Women and Wealth is the monthly podcast series from Investors’ Chronicle. You can listen and watch the episodes, alongside our other podcasts, Acast, Apple, Spotify or YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

With food prices in the spotlight as Rachel Reeves pushes supermarkets to cap costs for consumers, this week’s show starts further up the supply chain with pork and poultry producer Cranswick. The company reported another strong set of results, and Mark Robinson talks through the details.

Discussion then turns to this week’s Big Read on picking the perfect pension provider. In a week when the Pensions Commission outlined big gaps in the nation’s savings, it’s poignant to discuss what investors should consider when choosing a savings account. From charges to investment options, selecting the right home for your savings is vital. Helen Kirrane explains what to do.

Finally, we cast our ears to palm oil producers in Indonesia, a country already feeling the impact of higher prices and where mooted export controls hit the industry this week. Julian Hofmann gives us the details on MP Evans and AEP Plantations.

00:00 Intro

01:07 Cranswick

13:07 How to pick a perfect pension pot

23:13 Palm oil plantations

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

This week’s show kicks off with a look at FTSE 100 Reit Land Securities, which reported full-year figures. It is still shifting away from offices in favour of shopping centres and residential developments, but with gilt yields spiking again this week, will it remain a victim of circumstances beyond its control? Hugh Moorhead dives into the details. More updates on that here

Discussion then turns to Vodafone – its annual results were met with a mixed reaction, but its turnaround plan has found favour over the past year and continues at pace. Alex Newman and Dan Jones discuss whether doubling down on the UK and Africa makes sense. More on Vodafone here

To conclude, we delve into our Big Read , which, in the face of current geopolitical uncertainty, outlines five portfolios for five possible futures. Julian Hofmann explains why investors should consider scenario planning rather than predictions, and outlines what some of these different eventualities will mean for a range of investments.

Landsec struggles to convince on new strategy

Vodafone moves forward with greater clarity

Five ways to invest during turbulent times

00:00 Intro

01:08 Land Securities

09:41 Vodafone

21:29 How to shield your portfolio

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

PZ Cussons, known for brands such as Imperial Leather, Carex and Original Source, has been around for more than a century, but its shape and focus today are very different from its origins.

The FTSE 250 consumer goods giant is focusing on core brands and expanding overseas, and owns market-leading products in a host of countries around the world.

But M&A deals, both good and bad, have meant there are questions to be asked around the company’s strategy, balance sheet and future priorities, all of which Alex Newman and Lord John Lee put to CEO Jonathan Myers.

The trio discuss PZ Cussons’ expansion overseas, its share price valuation, where it can save costs, the stake owned by one of the founders’ families and much more.

Let us know your thoughts, or if you have any questions or any suggestions for future guests, by emailing alex.newman@ft.com

Listen to more podcasts from Investors’ Chronicle by clicking here or heading to Apple, Spotify and YouTube

Timestamps

00:00 Intro

00:49 What is PZ Cussons?

02:56 Lord Lee's involvement

06:33 Strategic review

10:31 Offers for African business

13:39 Value of the brands

16:02 Is the valuation low?

19:34 Innovation and building new brands

24:32 Manufacturing efficiencies

27:02 Impact of Iran War

29:48 Shareholder register

31:15 Involvement of family owners

40:08 Confidence in future outlook

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

As potential jet fuel shortages unnerve summer holidaymakers, airlines have been reporting shaky demand as people hold off from booking trips. But what of the hoteliers? In this week’s episode, we discuss the quarterly update from InterContinental Hotels (IHG), owner of Holiday Inn, as well as recent figures from Premier Inn owner Whitbread (WTB). Mark Robinson explains why the picture is brighter than many fear, and how long he expects that to continue.

We then talk through the latest figures from drinks giant Diageo (DGE), which has found life very hard for some time now. But with a dividend cut out the way, its CEO, former Tesco boss Sir Dave Lewis, is due to outline his new strategy this summer. Are things looking up? Or is it too soon to say for the Guinness maker – Mark has the answers. More on Diageo here

Finally, we tackle this week’s Big Read, asking the fundamental question for any investor – how to pick a fund. Val Cipriani explains our five-step guide, giving you a checklist of things to look for, mistakes to avoid, and more.

Read more here:

Our five-step guide to picking the best funds

Shares soar on (another) Taco feast

InterContinental reports rising revenues, but travel concerns linger

00:00 Intro

01:13 Hotels

14:09 Diageo

22:24 Fund selection

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

The F&C Investment Trust (FCIT) is as close to a household name as a fund can be. Founded in the 19th century, its global stocks “one-stop shop” nature has made it a favourite for investors for decades, and despite changing managers and fund houses, it’s remained true to its aim.

Val Cipriani sits down with current manager Paul Niven, who discusses the trust’s approach to using other fund managers, where he sees value in stock markets, the pros and cons of a concentrated portfolio and why, despite cutting back on US companies, he believes there’s still value to be found.

Timestamps

00:00 Intro

00:21 What is F&C

01:45 How the trust is structured

05:01 Use of 3rd party managers

7:31 Trying to beat the benchmark

10:02 Why F&C is so diversified

14:21 Reacting to the war in Iran

20:32 Is the market too optimistic?

22:46 Emerging markets

25:17 Trends away from the US

28:05 Magnificent seven

32:05 Nvidia

35:11 Private equity

42:15 Software exposure and AI disruption

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

It’s the end of April, and a reopening of the Strait of Hormuz is looking further away than ever. Its closure looms large over everything else at the moment, and risk asset investors are starting to worry for the first time in several weeks. However, there are still signs of life across the market. 

In this week’s episode, we look at some of those rebound stories and discuss whether recoveries can persist in the face of ongoing stress. Michael Fahy discusses the electronics sector – companies such as Renishaw, Oxford Instruments and XP Power, which are belatedly starting to benefit from supplying the semiconductor industry.

We then move to this week’s Big Read on electricity and electrification. Could the defining, if sometimes forgotten, story of the past century be the characterising feature of this century, too? Alex Newman has the answers.

Finally, Julian Hofmann talks about chemicals supplier Synthomer, whose refinancing and improved full-year figures provide the first signs of recovery. It also had some interesting comments to make about the Iran War.

00:00 Intro

01:13 Electronics companies

12:06 Electrification

32:37 Synthomer

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Choosing your first stocks and shares Isa can be overwhelming. There are apps, brokerages and dozens of providers, all claiming to be the best. In this episode of Women and Wealth, funds editor Val Cipriani and personal finance editor Holly McKechnie walk you through how to choose the right one for you, whether you're investing for the first time or moving beyond cash savings.

They explain everything from what beginners should look for, which fees really matter, the differences between providers and the common mistakes to avoid. This episode will get you started on the path of investing, with Investors' Chronicle your handy guide as you grow your portfolio.

*At the time of recording, AJ Bell charged a trading fee for regular investing. The provider has since announced that this will be scrapped from May.

Women and Wealth is the monthly podcast series from Investors’ Chronicle. You can listen to and watch the episodes, alongside our other podcasts, on Apple, Spotify and YouTube.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

It’s another week and another break-up of a FTSE 100 business. This time it’s the turn of Associated British Foods, which has announced plans to spin off Primark into a separate entity. Erin Withey discusses the demerger and explains why management of both businesses will also have their hands full dealing with a range of issues arising from the Iran War and elsewhere.

After that, we delve into investment ideas in robotics, our Big Read of the week. The word robot has been around for a century, and the tech has been present in factories for over 60 years, but could the current age herald a step change in uses of the technology, and more widespread adoption than ever before? Mark Robinson reports.

To finish, we consider US equity funds. With the Magnificent Seven – or certain members of the group – struggling this year, is it time to look at a different set of active managers to gain exposure to US shares? Val Cipriani outlines some potential options.

Timestamps

• 00:00 Intro
• 01:12 Primark spin-off
• 12:14 Robotics
• 27:33 US equity funds

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

Primary Health Properties (PHP) is one of the UK market’s best-known income stocks.

With a record of 30 consecutive annual dividend increases and the strongest tenant base in the real estate sector, it has long been a favourite of investors looking for a secure, growing yield.

Since chief executive Mark Davies took over from founder and chair Harry Hyman in 2024, the story has been more dramatic. Last year, in a high-profile contest, Davies saw off KKR in its bid for Assura and combined with its major listed peer to form a Reit with £6bn of assets.

We discuss the logic of the deal, the landlord’s relationship with the NHS, debt, politics, why John believes PHP is a “no brainer” investment and the appropriate yield he, Davies and Hyman believe the stock warrants.

Let us know your thoughts, or if you have any questions or any suggestions for future guests, by emailing alex.newman@ft.com

Listen to more podcasts from Investors’ Chronicle by clicking here or heading to Apple, Spotify and YouTube.

Timestamps:

00:00 Intro

02:42 What is PHP?

05:29 Becoming a growth stock

08:20 Being a REIT

14:49 Maintaining dividend growth

18:60 How new opportunities arise

22:37 How lease negotiation works

26:33 Assura acquisition

34:54 Move to unsecured loans

37:15 The challenge of the political landscape

40:41 Potential for a buyout

45:23 Goodwins update

49:55 Small cap stock update

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

In this week’s episode we delve into FTSE 100 testing and assurance company Intertek (ITRK), which has had an action-packed few days: board changes, a strategic review, and a rejected bid offer from a private equity investor. Valeria Martinez explains everything you need to know.

Then we look to renewable energy investment trusts, which have enjoyed increased interest over the past month amid the US/Iran war and resultant rise in power prices. Holly McKechnie tells us which trusts stand to benefit the most, and we consider whether greater urgency over the energy transition means better times ahead.

Finally, we discuss microfinance lender ASA International (ASAI.L), which has been on a tear over the past year. Julian Hofmann reports on what’s been driving the business forward and whether it can continue.

Read more here:

Intertek rejects EQT takeover approach

The complete guide to buying investment trusts

ASA International’s microfinance push pays off

Timestamps

00:00 Intro

01:01 Intertek

9:45 Renewables trusts

19:19 ASA

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

In this week’s show we discuss the temporary ceasefire in the Middle East – if it is really appropriate to call it that – and consider whether the announcement has done anything to lighten a global economic outlook that has looked increasingly gloomy for the past few weeks. 

Investors have certainly priced in a fair amount of relief. We discuss if they are right to do so, and what happens next. Julian Hofmann has the details.

Our big read this week, meanwhile, is about a continent that could be particularly affected by the energy shock – Africa – albeit, as Chris Akers explains, it’s far from a monolithic bloc and there’s the potential for both winners and losers. Chris tells us about the UK companies that have set up in Africa and why the investment opportunities take in everything from resources to telecoms.

To finish, we delve into specialist engineer Senior, which feeds into many of the hot sectors of the moment, but it’s had a topsy turvy time of it in recent months. That has now culminated in a takeover approach – Mark Robinson discusses whether that represents good value for holders and whether a rival approach could emerge.

Read more here

Ceasefire updates, Shell & Close Brothers: Markets live

How investors can make the most of the Africa opportunity

Senior backs £1.3bn private equity buyout

Timestamps:

00:00 Intro

01:15 US/Iran ceasefire

12:46 Africa

26:20 Senior

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube or by clicking here

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

We begin the show with consumer goods giant Unilever (ULVR) – soon to be somewhat smaller, given the $45bn spin-off of its foods business to US spice and sauce maker McCormick (MKC). The reaction to the news, though, has been distinctly underwhelming. Erin Withey examines what it means for Unilever’s future.

Then we turn to Berkeley (BKG), the housebuilder, which, this week, published an unscheduled negative update, less than three weeks after it told investors everything was fine. Hugh Moorhead explores what the company’s retrenchment says about the UK’s wider housebuilding goals.

Lastly, we discuss what is perhaps the UK’s very own meme stock – microcomputer maker Raspberry Pi (RPI). Its shares rose almost 50 per cent in one day following its full-year results. Arthur Sants explains how the company ended up part of the AI boom and whether there’s a decent business underneath it all.

Read more here:

Why the market is turning against Unilever’s $45bn food deal

Raspberry Pi ups sales volumes but margins tighten

Episode timestamps:

00:00 Intro

01:21 Unilever

09:54 Berkeley Group

18:30 Raspberry Pi

Listen to more podcasts from Investors’ Chronicle Apple, Spotify and YouTube or by clicking here

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

At £5.7bn, Artemis Global Income is one of the largest global income funds available to UK investors. It posted enthusiastic returns in 2025, well above what you would normally expect from this kind of strategy. But has this made the portfolio holdings expensive, and where does it go from here?

Manager Jacob de Tusch-Lec talks to Val Cipriani about being nervous about what comes next, whether the war in Iran means 2022 all over again for stock markets, and how he feels about AI. 

Timestamps

00:00 Intro

01:07 What is Artemis Global Income?

02:26 Three buckets

04:21 Importance of valuation

05:40 Recent performance

10:49 Are we going back to 2022?

16:20 AI investments

19:19 Financial industry

24:05 Is there value in the UK?

27:26 Recent changes

32:50 When to sell

34:21 Emerging markets

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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

It’s been another seesaw week as the world weighs up the chances of an end, or at least a cessation, to hostilities in the US-Israeli war with Iran. President Donald Trump is taking a more conciliatory tone, but in this case, a U-turn is not in his gift alone and with Iran talking tough, the optimism of earlier in the week has started to ebb as we record today’s show.

The episode starts by looking in more detail at some of the implications of the continued pressure on the Strait of Hormuz, the key global shipping route that has in effect been put out of action by the war. Alex Hamer is here to discuss the implications for everything from energy (and UK energy policy) and fertiliser to helium. The broad conclusion is of course that prices are going up, but we dig into the detail during the show.

We move on to look at one early victim of the uncertainty in the shape of UK engineer and private investor favourite Goodwin (GDWN), whose shares halved this week on a disappointing trading update. Alex Newman will consider the extent to which some of these problems were of its own making – or at least down to poor communications.

Finally, amid all the uncertainty – and rising bond yields – the stability of an annuity may look more attractive to some of those in or approaching retirement. Holly McKechnie is with us to talk about the pros and cons of the products.

Episode time stamps:

00:00 Intro

01:33 Strait of Hormuz

17:38 Goodwin

33:52 Annuities

Listen to more podcasts from Investors’ Chronicle Apple, Spotify and YouTube or by clicking here

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

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