Investors' Chronicle

In a busy week where events in Iran continue to dominate the news cycle, companies editor Mark Robinson stands in for Dan Jones to discuss the impact of the conflict on maritime activities, focusing on supply chain disruption, rerouting and cost implications, along with the challenge faced by global shipping lines such as Maersk & MSC. He is joined by Michael Fahy and Julian Hofmann.
Mark is also joined by Valeria Martinez to focus on full-year figures from shipping broker Clarkson (CKN).

Read more on Investors' Chronicle around this week's podcast:
Clarkson order book builds despite ship slowdown
Shares keep falling on oil volatility
Energy shocks force investors to rethink rate cuts

Timestamps
00:00 How the Iran conflct has affected markets this week
03:41 A closer look at Clarkson results
10:57 Shipping companies & supply chain disruption
17:39 Energy prices
18:23 The danger from an equities perspective
19:43: What retail investors should do when a black swan event happens

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 day chock-full of company results, albeit market attention is understandably still focused elsewhere given the events in the Middle East over the past week.

So today, we too will be discussing the implications of the US/Israel war with Iran. Mike Fahy is here to talk about energy, defence, and the implications for the UK and European economies.

After that, we turn to our big read of the week. The healthcare sector has typically been seen as a port in a storm during troubled times, and after a tough few years there had been signs of a revival even prior to the latest nerves. Julian Hofmann will dive into the detail and ask whether this momentum can continue.

Finally, next week marks the publication of our annual Isa special. With big reforms on the way for these popular savings accounts, personal finance editor Holly McKechnie joins us to discuss what’s happening, as well as outlining some practical steps listeners can take to meet their savings goals.

Timestamps:
00:00: Intro
01:06: War in Iran
13:32: Healthcare resurgence
26:05: Isa changes

Find out more:
‘Operation Epic Fury’ creates more noise for defence shares
Read all the latest stocks & shares news and analysis here
How to invest in the healthcare revival

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.

Ranmore Global Equity (IE00B61ZVB30) is a value fund that has grown very quickly over the past 18 months. In June 2024, it had a $300mn portfolio, but by January 2026 this had hit $1.5bn.

The fund’s manager, Sean Peche, talks to Val Cipriani about how he finds underappreciated and undervalued stocks, why he doesn’t meet company CEOs, and why buying and holding ‘forever’, a strategy favoured by star managers Terry Smith and Nick Train, no longer works in today’s rapidly changing world.

Timestamps
00:00: Intro
03:17: Three ways to get returns in markets and from companies
07:05: Value investing
08:31: Why I don’t meet CEOs
10:57: ‘Buy and hold forever’ doesn’t work in a rapidy changing world
15:22: A ‘fresh sheet approach’ and Qualcomm
17:40: The Magnificent Seven
19:21: Investors are starting to turn away from the US
23:09: Alternatives to the US
24:35: Terry Smith and passives
26:15: Greggs
29:01: Diageo
31:31: EasyJet

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.

Company results season is under way. We have a mass of companies reporting over the next couple of weeks, and we will dig in to one of the highest profile businesses on the FTSE 100 later in the show.

To start, though, we are looking at a lesser-known stock, albeit one whose shares have been surging higher for several years now: Lion Finance (BGEO), itself not far from FTSE 100 promotion, and which reported another set of well-received figures of its own earlier this week. Alex Newman asks whether the run can last.

Then, our big read this week is all about the existential question of the day: is AI working? With investors hopes and indeed fears now seemingly pinned on the technology, Valeria Martinez is here to discuss how companies outside the tech sector are applying AI in practice, and how effectively or otherwise they are being.

In our third segment we’ll look at a noted AI loser of recent months, albeit one that nonetheless put out a fairly superlative set of results this morning: London Stock Exchange (LSEG). Hugh Moorhead will take us through the risks and opportunities facing the business, and consider whether the sell-off has been overdone.

Read more:
Can investors ignore the FTSE 100’s next big bank?
Lion Finance’s profits exceed expectations
Next-generation AI stocks worth buying now

Timestamps:
00:00 Intro
01:12 Lion Finance
17:10 AI winners
33:56 London Stock Exchange Group

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 start with copper miner Antofagasta (ANTO), whose shares have soared over the past year on the back of big gains for the red metal. It released full-year figures earlier this week, and Alex Hamer discusses its prospects, as well as Rio Tinto and Glencore now the mega-merger is off. Alex also explains some of the equity raises that have taken place lower down the cap scale in recent weeks.

Erin Withey then joins us to discuss caterer Compass (CPG), which has been struggling of late. That’s led to calls for a slight rethink of its strategic priorities.

Lastly, we look at one of the UK’s newest listings, albeit in the form of a business that sits outside the FTSE 350. The Magnum Ice Cream Company (MICC) spun off from Unilever in December and has just reported its 2025 results. Mark Robinson examines the outlook for frozen sweet treats.

Read more:
Antofagasta doubles dividend as profits hit new record
Cheaper Compass shares put buybacks on the menu
Magnum Ice Cream fails to impress in maiden results

Timestamps:
00:00 Intro
01:24 Copper mining
15:09 Compass Group
23:25 Magnum ice cream

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.