The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% expected. This suggests, assuming no revisions to monthly data, that the core PCE deflator will come in above 0.4% tomorrow rather than the current 0.3%MoM consensus forecast. Unsurprisingly, Treasury yields have pushed higher as if that is the case, it makes a near-term Federal Reserve interest rate cut look even more unlikely.
https://think.ing.com/articles/us-gdp-growth-slows-markedly-but-inflation-remains-the-focus/
Another 7 hours, but currently due to open at about 8,090 , so a new all time high maybe a possibility later today to beat the current high of about 8,105
UK stocks are cheap .
Sk1
''Fantastic results from Microsoft this evening. Saved the day''
in terms of what? - Tomorrows Dow currently showing little changed from the days fall of 375 points
of 375 points
Ftse currently around 8132
..also Microsoft up nearly 5% after hours..
Alphabet up nearly 15% after hours
I think he meant the Tellyban.
"The BBC's total income from the licence fee in 2023 was £3.74bn, which accounted for about 65% of the BBC's total income of £5.73bn."
https://www.bbc.co.uk/news/explainers-51376255
That's quite an income!!!
Average buyback price still under 50p a quarter of the way through.
Remarkable.
Ski dropping heat! Let's have a positive Friday then everyone can have a good ol' fashioned muck up at the pub.
Lol skier I see you've changed your opinion on the direction of the market for the umpteenth time this week..
And Alphabet coming in with a dividend and a whopping $70b buyback!
Fantastic results from Microsoft this evening. Saved the day. FTSE headed for 8150 and a new record on Fri...
ImaRight is on the beers again
“politician of any party to do the right thing for the British people”
Who trusts any politician? The UK has the Taliban in number ten, the mayor of London, the Scottish and Welsh leadership.
Not sure that voting for the actual Taliban was ever an option on my polling card…. and yet, here we all are! 🤷♂️
Cont as sent too early!
....as they can. Most will have homes abroad, and as they live in lovely leafy areas, to retire early too, and having made huge business contacts, and as we would all do, use any early know information to invest our money into, as they are one of the first to know what direction the Gov is going to invest in, be it farm land where the HS2 track was to go, or shares in companies where HMG will be investing money into, and just as importantly what NOT to invest in.
So well many spout insults at 'their' intelligence, it will be they with private health care for all their loved ones, whilst the plebs queue with the third world to see a medical person after weeks or months of waiting.
As it will be they who will have the best private education for their children, and contacts to get them in secure well paid positions, living far away from the dross they pretend they are trying to stop entering the UK.
They will be the ones with huge pensions, retiring early to some beautiful spot in the world, or escaping there should war rage.
They will be driving the best cars, when the plebs are forced to wobble about on battery scooters, or risk sitting on a bus or other public transport with all the flotsam, care in the community types, and countless criminals all freed or never jailed because our prisons are filled with the worlds finest.
They will be living in fully alarmed safe homes, in nice areas whilst many people will fear nightfall as feral youths rampage and robbery, rape and assault prevent them going out after dark
So, IF they are the 'morons' that what does that say or make us ,for it is us who trusted these corrupt politician of any party to do the right thing for the British people?
I have explained it before. MPs for the most part NEVER wanted Brexit. The plebs were pressured under project fear in the hope they would vote against it. It failed, so Politicians then had to 'create' the ruination they tried to pressure us with. So then, within a few years of Labour in no 10, a vote of 'no confidence' will be declared and the British people after years of suffering will gladly accept a 'new deal' with the EU, via the Tories, which will very much resemble what the deal was when we were 'in' but of course not actually rejoining, as democracy HAS to be shown to still be 'in play'.
I disagree. I don't think that MP's are 'morons'.
Don't confuse not caring for Britain or its people as being thick. They are not, but just selfish and couldn't care less about the people, or the country.
For they for a very long time now, have only cared about using the UK to make a decent living, or a name for themselves, and to get family, friends etc on the gravy train to make as much for the UK
Fleccy.
Everything comes down to our politicians for everything is political, everything is regulated or taxed or both.
A political class whom know little of industry or investing. The nearest they get to personal investing is moving money off shore/Panama papers! Or managing to leave loopholes in THEIR tax regulations, you recently saw how both Starmer and Sunak , paid 22+% on earnings that if had gone through PAYE would have been taxed at the highest rate. I am surprised they are both not claiming tax credits!
Once no one really bothered when companies were sold off to foreigners, for the saying was "another company would come along and be created" those days are over.
As I mentioned a few days past, companies like ARM were allowed to be sold off because the idiots in charge are just that idiots, Just as our Nuclear technology was sold off . Our arms companies get sold or engineering companies get sold off, the French blocked the sale of a dairy company on national interests concerns!.
It is a pity we can't sell of the Civil Service, but whom would want to buy those morons?
Is it down to our politicians?
https://www.youtube.com/watch?v=CwKllJ_mj3c
Ski, I shall accept your advice. One large Cod it is. Lets av' it.
After 43 trading days, buyback complete to date:
Total shares to date....................................................983,482,458
Aggregate cost to date... ........................................... £491,375,523.07
Average price paid to date..........................................49.9628
Percentage of £2 billion buyback completed............24.57%
Came a cross an old company that I was invested in some years back, Oxus Gold, stolen from its investors by a man, who had Tony Blair as an advisor.
Who exactly was supposed to be shocked by the obvious UK and US inflation? 🙄
If you fell for Chip et al’s ramping around 54p here…..
you have got da boot up da backside. 🤣
Financial analysts have “anal” in their job descriptions for a very, very good reason.
🍿🙂
A good day for Barclays the rest were Carp for me
Ftse 100 at an all time closing high
Fish and chips.