Shows
Enquire, the Investor Relations podcastEP30: Wayne Brown - Challenges and Opportunities in the UK Equity LandscapeThis episode of Enquire, featuring Equity Research Analyst at Panmure Gordon and Liberum Wayne Brown, explores the challenges and potential reforms in the UK equity markets, the impact of market cycles, and the innovative business models redefining the retail landscape. Equity Market Trends and Challenges In this episode of Enquire, Wayne provides an in-depth look into his two-decade-long career, spanning consumer sectors with a focus on leisure and retail. He shares insights into the recent merger of Panmure Gordon and Liberum, forming the largest independent mid-cap brokerage house and how this co...
2024-07-1543 min
Conversations with Panmure GordonMeet the Fund Manager | Gary Robinson, Baillie Gifford US Growth TrustIn the latest episode of Conversations with Panmure Gordon, Gary Robinson, Joint Fund Manager at Baillie Gifford US Growth Trust join Simon French, Chief Economist and Head of Research. They delve into the dynamics of growth within developed markets. The discussion covers a wide range of topics, including the economic and valuation cycles, analysis on the ten largest private company holdings and the pivotal role of Artificial intelligence (AI). Furthermore, the conversation offers valuable insights into Baillie Gifford's strategic priorities over the coming year and more.In the latest episode of Conversations with Panmure Gordon, Gary Robinson, Joint...
2024-02-0127 min
Conversations with Panmure GordonMeet the CEO | Richard Moffitt, Urban Logistics REITIn the latest episode of Conversations with Panmure Gordon, Richard Moffitt, Chief Executive Officer at Urban Logistics REIT speaks with Simon French, Chief Economist and Head of Research, about his background in the industry, the core focus of Urban Logistics REIT, recent performance highlights and plans for 2024.
2023-11-1425 min
Conversations with Panmure GordonSimon French | Is an interest rate led UK recession now inevitable? Whilst it has been difficult to decipher amidst the noisy pessimism, the UK economy has in fact been on a steady upgrade cycle throughout 2023. Having bottomed out in November 2022 in seeing a prolonged recession throughout 2023, June saw economist consensus move to forecasting a UK output expansion of +0.1% for 2023. We believe there are still modest upgrades to come over the near-term to close in our growth forecast of +0.4% for the year. However, UK-focused investors can be forgiven for growing concerns that this good news is in the rear-view mirror and recent upward shifts to interest rate expectations are more relevant...
2023-07-1306 min
Conversations with Panmure GordonBeazley | Rachel Turk | Women in Business – Levelling the playing fieldWomen in Business podcast series. We hosted a member of Beazley’s ExCo, Rachel Turk, Group Head of Strategy for a discussion on her career, progression, challenges, support from Beazley, and advice for others. Six of twelve of its ExCo are female leaders, and five of eleven of its board members are women in business. We commend Beazley for its progress in this regard. Management has led the way in inclusivity & diversity, family, and wellness amongst other ways of looking after its people. This has fostered a workplace culture attracting high calibre individuals. This undoubtedly is helpful as the gr...
2023-07-0438 min
Conversations with Panmure GordonLegal & General | Sir Nigel Wilson | Didn’t play for Newcastle Utd but a man for all seasonsCEO podcast series. We hosted Sir Nigel Wilson, CEO of L&G, discussing a range of topics, including his desire to play football for Newcastle Utd. and a return to teaching at University when he retires from the Group. We also explored the need to counter the de-equitisation of the UK markets and the need for scale-up capital for SMEs, something which Legal & General Capital is actively involved with. Whilst Sir Nigel did not wear the No. 9 shirt at St James’ Park, he made a major impact on British businesses and took L&G to new heights. He will le...
2023-06-2030 min
Conversations with Panmure GordonThe Prospects For The UK With Simon French, Chief Economist at Panmure Gordon The Bank of England’s forecast that the UK would enter its longest recession in 100 years has proven to be wide of the mark. But what is the outlook for the UK economy from here – do we have reasons to be optimistic? This week on the podcast, Simon French, Chief Economist of Panmure Gordon shares his views on UK growth, what we need to do to improve productivity, global geopolitical risks and finally the outlook for the UK stock market. www.vermeerllp.com https://panmure.com/
2023-05-1830 min
The Art of InvestmentThe prospects for the UK with Simon French, Chief Economist of Panmure GordonThe Bank of England’s forecast that the UK would enter its longest recession in 100 years has proven to be wide of the mark. But what is the outlook for the UK economy from here – do we have reasons to be optimistic? This week on the podcast, Simon French, Chief Economist of Panmure Gordon shares his views on UK growth, what we need to do to improve productivity, global geopolitical risks and finally the outlook for the UK stock market. www.vermeerllp.com https://panmure.com/
2023-05-1830 min
Investing MattersSimon French, Managing Director, Chief Economist & Head of Research at Panmure Gordon, the importance of economic analysis & macro-economic research, Investing Matters Podcast - Episode 32Welcome to this brand-new investing podcast from the London South East. My name is Peter Higgins, you can find me on Twitter @conkers3 and I will be your host for this series of Investing Matters podcasts.
What can you expect from the Investing Matters podcasts? A great question. You will find long form interviews with noteworthy veterans and experts from the investment and fund management industry. During these interviews each interviewee will share and impart their knowledge, learning and insights on what aspects of Investing truly matters to them and what in their view should matter to...
2023-01-1857 min
The Steps to Investing PodcastThe Chancellor's budget wreaks havoc, w/ economist Simon FrenchWe speak to Simon French, chief economist at Panmure Gordon, to discuss the issues with the budget, and find out how economists and central banks got it so wrong with inflation. In markets, we focus on the turmoil in the UK government bonds, and explain what impact the Bank of England's monetary response will have. Plus, the headlines in companies, including Porsche, Apple, Twitter, and H&M. Please subscribe and share.
2022-09-2935 min
The Rapaport Diamond PodcastEpisode 73: Jewelers’ False Narrative on Lab-GrownKieron Hodgson, managing director at UK investment firm Panmure Gordon, discusses mistruths about lab-grown and natural diamonds, the role of research analysts in the industry, how regulatory improvements have helped the trade through Covid-19, the current market environment, and why rough prices must rise.
2022-09-2134 min
Money with David Buik and Michael WilsonInterest on the rise?What can we expect from the MPC this Thursday? What do we think of windfall tax, is the UK on course for Recession, and how are the Sunak & Truss bandwagons getting on? David & Michael are joined by Simon French from Panmure Gordon.
2022-08-0127 min
The Why? CurveTaxing times for Tory leadershipThe Tory party leadership challenge is down to two players – Rishi Sunak and Liz Truss. Sunak wants to keep taxes where they are, preaching fiscal conservatism, and fearing releasing more money into people’s pockets will only add to inflation, which is already at 9.4 percent. Truss wants to help people navigate the cost-of-living crisis, by reversing the recent hikes in national insurance. So which approach is right in the current economic climate? It’s a question Phil and Roger put to Simon French, Chief Economist at Panmure Gordon & Co. He’s no stranger to the workings of government, after a dozen ye...
2022-07-2132 minInvesting MattersGeorge O’Connor of Goodbody Stockbrokers, why some profit warnings are good, Investing Matters Podcast - Episode 18Welcome to this brand new investing podcast from the London South East. My name is Peter Higgins, you can find me on Twitter @conkers3 and I will be your host for this series of Investing Matters podcasts.
What can you expect from the Investing Matters podcasts? A great question. You will find long form interviews with noteworthy veterans and experts from the investment and fund management industry. During these interviews each interviewee will share and impart their knowledge, learning and insights on what aspects of Investing truly matters to them and what in their view should matter...
2022-07-2043 min
Full & FrankExcellent economic insight & political experience is IRRESISTABLE!With Simon French, Chief Economist at Panmure Gordon & Helen Thomas, CEO of Blonde Money.
2022-07-1139 min
The Morning BriefReliance: The Globetrotting ShopperMukesh Ambani has been on a deal spree for broken yet promising brands or for frontier technologies that will fire up his energy business. Since 2021, Reliance Industries has made over 20 strategic acquisitions and investments spending over $2 billion. But their bets now are getting bolder, bigger. Host Arijit Barman analyses the move with Jal Irani, Research Analyst, Edelweiss Securities and Tony Shiret, Equities Analyst at Panmure Gordon & Co. London. Disclosure: Jal Irani, Executive Director, Edelweiss Securities Limited: SEBI Registration: ISN-201600068669. The analyst above mentioned does not have any financial interest in the stock discussed. From Edelweiss: By way...
2022-06-2225 min
In the market for moreBrexit vote – six years on: where are we?While six years have elapsed since the Brexit vote, the point at which all things changed was 31 January 2020, right in the middle of Covid, so it is difficult to gauge the full effect. IGTV’s Jeremy Naylor caught up with Simon French, managing director and chief economist at Panmure Gordon. French says, under his calculations, UK GDP is three percentage points smaller than it would otherwise have been had Brexit not happened but conceded that Covid has been an issue that’s clouded the waters somewhat.Any opinion, news, resea...
2022-06-2100 min
The Steps to Investing PodcastUnderstanding why inflation is so highSimon French, chief economist at investment broker Panmure Gordon, gives a top-to-tail on inflation and how central bankers are attempting to tackle it. We also run through the attractive latest issuance of government green bonds, calming house price rises, savvy investing from ISA investors; plus, tension in the markets, and the latest from Ericsson, Google, and Disney. New website at stepstoinvesting.com
2022-02-1747 min
Full & FrankGlobal Economic & Political CrossroadsWith Simon French, Chief Economist at Panmure Gordon
2022-01-2641 minIn the market for moreIG Outlook 2022: UK economy with Simon FrenchWith inflation expected to peak in April 2022, according to the Bank of England, Panmure Gordon’s Simon French tells IGTV that he believes UK rates will rise twice to 0.75%. The economy, he says, will also sustain increase stock market investment resulting in a rise in the FTSE All Share index.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter, Instagram and YouTube
2021-12-2916 minConversations with Panmure GordonStephen English, Investment Director at Stellar Asset Management, with Simon FrenchStephen English, Investment Director at Stellar Asset Management, chats with our Chief Economist - Simon French - in the latest of our Conversations with Panmure Gordon. In a wide-ranging discussion Stephen covers his approach to investing, his views on the structural crosswinds facing the global economy and which patterns of consumer behaviour will outlive the pandemic.
2021-11-2323 minConversations with Panmure GordonJean Roche, Schroder UK Mid Cap Fund Manager, with Simon FrenchSimon French catches up with Jean Roche, the lead manager of Schroder UK Mid Cap Fund (SCP). They review the past 18 months for the mid 250 sector, the frenetic IPO market this year, the themes in the portfolio, an exchange of views on interest rates and inflation and concluding with why she is optimistic for the portfolio in 2022.
2021-11-1821 minConversations with Panmure GordonGeorgina Brittain, JPMorgan UK Smaller Companies Investment Trust, with Simon FrenchJP Morgan's Georgina Brittain discusses her approach to fund management, in conversation with our Chief Economist, Simon French. They also cover the outlook for the UK consumer, the JP Morgan approach to ESG investing, sell discipline and the trends Georgina is looking to expose the UK Smaller Companies Trust to.
2021-10-2121 min
The Steps to Investing PodcastInflation, deflation, and cryptos, w/ economist Simon FrenchWe take a deep dive into inflation with broker Panmure Gordon's chief economist Simon French this week. We look at the historical context of inflation and why its been falling for 30 years; why top economists around the world can't agree on whether its transitory or potentially longer term and more corrosive; what the potential lower and higher risk options are for beating it; plus crypto's role, and whether today's savings rates will prove to be that low over the longer term. PLEASE SHARE AND HELP US ON OUR MISSION TO DEMOCRATISE INVESTING!
2021-08-1251 min
The Sky News Business PodcastInflation surge, net zero targets and gender parityIan King speaks to chief economist at Panmure Gordon - Simon French - about how inflation is on the rise as recovery from the Covid crisis keeps pushing prices up. Plus, hear from Katy Taylor - chief customer officer at Go Ahead's Northumberland Park bus garage - about how the firm's buses and trains will move to electric or hydrogen by 2035. And co-founder of The Pipeline - Baroness Margaret McDonagh - joins the show to discuss how the pandemic has pushed back gender parity by years.
2021-07-1440 min
Conversations with Panmure GordonESG Focus on Governance - Laurence Hulse of Gresham HouseESG focus on Governance - Laurence Hulse is deputy fund manager for Gresham House Strategic, looking at both public and private equity transactions across a range of sectors. He talks to Simon French about the challenges and opportunities of ESG investing, taking his passion to be his clients' best wingman for the ESG investments of the future.
2021-07-0516 minConversations with Panmure GordonGuy Anderson of The Mercantile Investment TrustGuy Anderson discusses The Mercantile Investment Trust, his role as a steward of investors capital, portfolio discipline and the guiding principles in an ESG world, UK equities post brexit and relative to other global equities, Inflation and the focus looking ahead.
2021-06-2519 minConversations with Panmure GordonJob Curtis of City of London Investment Trust is interviewed by Simon FrenchJob discusses fund management changes during his career, what he is looking to achieve for a typical investor, how he interacts with the board in the face of big changes for dividends, ESG and the macro backdrop.
2021-06-0118 min
Coffee With....AlgoMe Consulting16 - Mergers & Acquisitions in Asset Management: A world of two tales?As we continue our series of podcasts looking at 2021 with ‘cautious optimism’, we follow-up on our previous episode about new asset classes and products by exploring further what is prompting the Wealth and Asset Management industry towards a binary model of giant vs. niche players. With our guests we discuss in depth what trends we are observing and what that means today. We also look at who the main players are on this world stage, the implications from an investor perspective, and more broadly from a stakeholder perspective.PresenterChris New, AlgoMe ConsultingGuestsEd...
2021-06-0127 min
MoneyWeek TalksSimon French: why post-pandemic inflation will be short-livedMerryn talks to Simon French, chief economist with Panmure Gordon, about why he believes inflation will be transitory, and the world will be back to the old normal more quickly than many people think; plus the value in the UK market.
2021-05-2831 min
Full & FrankThrough the Economic Looking GlassWith Simon French, Chief Economist at Panmure Gordon & Co.
2021-05-1424 min
Conversations with Panmure GordonESG Focus on Social - Civitas Social Housing PlcESG focus on Social- Simon French speaks to Paul Bridge at Civitas about the latest views on the sector and activity in the fund.
2021-05-1023 minConversations with Panmure GordonJamie Douglas and Gareth Powell, from Polar Capital Global Healthcare TrustManagers of Polar Capital Global Healthcare Trust, Jamie Douglas and Gareth Powell, speak to Simon French.
2021-05-0418 minConversations with Panmure GordonSam Cosh and Lucy Morris discuss European Assets Trust with Simon FrenchSam Cosh and Lucy Morris discuss European Assets Trust with Simon French
2021-04-3020 min
Conversations with Panmure GordonESG Focus on Environmental - Peter Michaelis of Liontrust Asset ManagementIn the first of our ESG-themed “Conversations with Panmure Gordon”, Peter Michaelis of Liontrust Asset Management talks with our Chief Economist, Simon French. Peter covers the sustainable investing landscape, the pursuit of superior returns, why non-convergence of ESG standards is a good thing, and why the technology leaders of the past rarely transition to dominate the future.
2021-03-2423 min
2021-03-1621 minConversations with Panmure GordonAnna Macdonald, Amati Global InvestorsAnna Macdonald, Fund Manager at Amati Global Investors, talks to our Chief Economist, Simon French. They discuss small company investing, Amati’s approach to ESG, the outlook for UK equities and the recent UK listing review. Anna, as one of the UK’s most prominent fund managers, also covers the importance of greater representation of women in the fund management industry.
2021-03-1516 min2021-03-0820 min2021-03-0522 min2021-02-2630 min
The Steps to Investing PodcastHow the legacy of Covid-19 might be turbocharged DEFLATIONWe look at the prospect of inflation this week and speak to broker Panmure Gordon's chief economist, Simon French. Whipping through the basics, we then look to why the expectations of inflation in a post-crisis world are rising; how technology has been the enabler of deflation and what impact this may have given its adoption has accelerated during the crisis; why Simon thinks deflationary forces are more powerful than inflationary forces in the long-run; and the potential effect of inflation on various assets and whether bitcoin could become the new gold.
2021-02-1836 min2021-02-1618 min2021-02-1526 min2021-02-1018 min
Share Talk LTDRob Naylor, incoming CEO Intuitive Investments Group (IIG.L) InterviewThe Company is a newly established investing company, seeking to provide investors with exposure to a portfolio concentrating on fast-growing and/or high potential Life Sciences businesses operating predominantly in the UK, continental Europe and the US, utilising the Board's experience and in particular that of the Chairman, David Evans, to seek to generate capital growth over the long term for shareholders.
We spoke with Rob Naylor, incoming CEO (appointment effective from 19 February 2021) to explain a bit more about the company.
Rob has 24 years’ experience in capital markets. Rob was most recently at Cenkos Securities plc as...
2021-02-0505 minConversations with Panmure GordonDiverse Income Trust - Jan 2021Conversations with Panmure Gordon. Gervais Williams and Martin Turner. Diverse Income Trust – Jan 2021
2021-02-0520 min2021-01-2202 minConversations with Panmure GordonBen Green of Supermarket Income REITInterview with Ben Green of Supermarket Income REIT recorded 21st January 2021
2021-01-2127 min2021-01-1430 minConversations with Panmure GordonPanmure Gordon: 2021 ‘ Key Picks’ – Between £250m - £1.5bn Market Cap
2021-01-1333 min2021-01-1333 minConversations with Panmure GordonJean Roche is interviewed by Simon FrenchSimon French interviews Jean Roche who was recently announced as the lead manager of the Schroder UK Mid Cap Fund (SCP). After a brief introduction to her career they discuss working life in lockdown, the themes in the portfolio, beyond Brexit, the suspension of dividends, an outlook for mid caps and why she is optimistic for the portfolio in 2021. Play time 19 mins.
2021-01-1219 min
Market Insights242: OANDA Market Insights Podcast - Year in Preview (Episode 145)Jazz FM Business Breakfast presenter Michael Wilson looks back on the big stories of 2020, and ahead to 2021 with OANDA Senior Market Analyst Craig Erlam, economist Frances Coppola, and Panmure Gordon's chief economist, Simon French.
OANDA Europe Limited Accounts: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This presentation is for general information purposes only and does n...
2020-12-2316 min
Market Insights241: OANDA Market Insights Podcast - Year in Review (Episode 144)Jazz FM Business Breakfast presenter Michael Wilson looks back on the big stories of 2020, and ahead to 2021 with OANDA Senior Market Analyst Craig Erlam, economist Frances Coppola, and Panmure Gordon's chief economist, Simon French.
OANDA Europe Limited Accounts: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This presentation is for general information purposes only and does n...
2020-12-2217 minConversations with Panmure GordonPodcast : Simon French interviews Ben LofthouseSimon French interviews Ben Lofthouse, Head of Global Equity Income at Janus Henderson and manager of Henderson International Income Trust (HINT). They discuss dividend disruptions in 2020, value vs growth, regulation and the benefits of running an income strategy in an investment trust structure amongst other topics.
2020-12-1723 min
The Steps to Investing PodcastA hop through global economics, with Panmure Gordon's Simon FrenchIn this week's pod, we speak to the chief economist of an investment bank, and find out why the excitement in markets is justified and what investors are now focusing on, how the Bank of England buys lower interest rates and seeks to avoid high inflation, why managing the transition to a lower carbon economy needn't cost us growth, what we mean by gross national happiness, and how deglobalisation could be here to stay.
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2020-11-1932 minConversations with Panmure GordonPanmure Gordon and Arrow GlobalLee Rochford, Chief Executive of Arrow Global, talks to Phil Dobbin, Rae Maile and Lara Rodriguez, Financial Services research analysts at Panmure Gordon, about the company’s pivot to a capital-light asset management business model, its focus as a specialist credit investor, the characteristics and challenges of the asset class and the growth opportunity ahead.
2020-09-2329 minConversations with Panmure GordonSimon French interviews Hugh Young managerSimon French interviews Hugh Young manager of Aberdeen Standard Asia Focus (AAS) on his investment style and how the investment opportunities for his fund have evolved over his career.
2020-09-2120 minConversations with Panmure GordonRichard Staveley interview with Simon FrenchSimon French interviews Richard Staveley, Investment Manager of Gresham House Strategic Plc (GHS) on his background, investment style and how the investment opportunities for his fund have evolved.
2020-09-0133 min
2020-07-1733 min
Conversations with Panmure GordonIn Conversation with Panmure Gordon and Paragon Banking GroupNigel Terrington, CEO of Paragon Banking Group, talks to Rae Maile, Phil Dobbin and Lara Rodriguez, Financial Services research analysts at Panmure Gordon, about operating in the current crisis caused by the COVID-19 pandemic, the company's recent financial results, access to funding and the outlook on house prices.
2020-06-2939 min
Conversations with Panmure GordonIn Conversation with Panmure Gordon and Intermediate CapitalBenoit Durteste, CEO of Intermediate Capital, talks to Rae Maile, Phil Dobbin and Lara Rodriguez, Financial Services research analysts at Panmure Gordon, about navigating through the current crisis, the risks in potential investments, valuing current investments and how to find investment targets.
2020-06-1237 min
Conversations with Panmure GordonIn Conversation with Panmure Gordon and Standard Life AberdeenKeith Skeoch, Chief Executive of Standard Life Aberdeen, talks to Rae Maile, Phil Dobbin and Lara Rodriguez, Financial Services research analysts at Panmure Gordon, about what the economic recovery will look like, potential moral hazard for refinancing companies, the opportunity for active management, ESG’s role in the current environment, the future of the wealth business and Standard Life Aberdeen’s balance sheet.
2020-06-0825 min
Conversations with Panmure GordonIn Conversation with Panmure Gordon and Provident FinancialMalcolm Le May, CEO of Provident Financial, talks to Rae Maile, Phil Dobbin and Lara Rodriguez, Financial Services research analysts at Panmure Gordon, about Provident’s capital and liquidity position, its regulatory capital, spending by Vanquis customers, growth opportunities during recovery post-Covid-19 lockdown and future dividend payments.
2020-06-0223 min
Conversations with Panmure GordonConversations with Panmure GordonBen Lofthouse, manager of Henderson International Income Trust, talks to Simon French, Chief Economist at Panmure Gordon, about the fund’s focus on dividend yields, gearing, new trends and the trust’s priorities.
2020-03-3022 min
FT Banking WeeklyCoronavirus and the new oil price warHow are banks dealing with the market chaos caused by coronavirus and the new oil price war? Also, Bob Diamond has appointed his flamboyant former right-hand man at Barclays, Rich Ricci, as chief executive of Panmure Gordon, the lossmaking UK stockbroker he bought two years ago. What are the two musketeers now up to? And we also hear from special guest Katie Murray, chief financial officer of RBS. Contributors: Host, Matthew Vincent, regulation correspondent, Stephen Morris, European banking correspondent, Laura Noonan, US banking editor, and Nicolas Megaw, retail banking correspondent. Producers: Andrew Georgiades and...
2020-03-1000 min
Investors' ChronicleExtraction Podcast: Big changes at BPNew BP chief executive Bernard Looney has stamped his authority on the company in his first month in the job, committing to getting the oil and gas supermajor to net zero carbon emissions by 2050. To do this, he will do away with the longstanding upstream and downstream divisions, although this is just about the only concrete detail available. In any case, this commitment marks a major change for the industry. We've brought in Panmure Gordon analyst Colin Smith to talk radical change in oil and gas, virtue signalling and the Looney revolution. Hosted on Acast. See acast.com...
2020-02-1917 min
Conversations with Panmure GordonConversations with Panmure Gordon, Jean Roche and Andy BroughJean Roche and Andy Brough, co-managers of Schroder UK Mid Cap Fund plc, talk to Simon French, Panmure Gordon Chief Economist, about how they find companies with strong growth prospects, the impact of low bond yields on their investment approach, the quality of corporate accounting in the UK market in light of high profile corporate collapses and future trends.
2020-02-1026 min
Conversations with Panmure GordonConversations with Panmure Gordon and Gervais WilliamsGervais Williams, Head of Equities at Premier Miton, talks to Simon French, Chief Economist at Panmure Gordon, about the outlook for the global economy, UK financial markets and sustainable and socially beneficial investments.
2020-01-3133 min
The Business Breakfast"That is the Reality" - Simon French, Panmure Gordon chief economist, demolishes the Brexit Dividend - Jazz FM Business BreakfastTheresa May’s promising 20 billion pounds a year extra for the NHS thanks to a “Brexit dividend”. But the government’s own figures suggest the UK economy will be weaker once we leave – Simon French, chief economist at Panmure Gordon demolishes the PM's claims.
First broadcast 18th June 2018
2018-06-1800 min
Vox Markets OriginalsSimon French | Panmure Gordon's Chief Economist On Why UK Equities Are UndervaluedFor the second episode of our new podcast series Moving Averages, we are very pleased to release an interview with Panmure Gordon's Chief Economist Simon French.
Prior to joining stockbroker Panmure Gordon, Simon French worked for the UK Government, holding positions including Senior Economist and Chief of Staff to the UK Government COO.
The subject of the podcast is a new piece of research written by Simon French for Panmure Gordon titled "Cheap like the budgie or a canary in the coal mine?", that looks at the UK equities market and why it is currently un...
2018-06-0630 minThe Business Breakfast"One of the best dishes in the world" Simon French on Aunt Bessie's takeover and his family Yorkshire pudding recipe - Jazz FM Business BreakfastMichael Wilson tests Panmure Gordon chief economist Simon French's Humberside credentials as they discuss Aunt Bessie's takeover by Birdseye owner Nomad Foods.
2018-06-0501 min
Investors' ChronicleRandgold Resources: One gold stock to rule them all?Randgold Resources (RRS) operates in countries most international businesses avoid, exercises no control over the price of its one product, and pays a smaller dividend than several of its peers. Despite this, it is one of the most expensive stocks in the FTSE 100.For this special podcast, Investors Chronicle reporter Alex Newman tries to uncover the allure of this gold miner, and gold investments in general. Featuring Randgold chief executive Mark Bristow, Panmure Gordon commodities and mining analyst Kieron Hodgson, and Alistair Hewitt, head of market intelligence at the World Gold Council.Produced...
2017-11-2724 min
Core FinanceInterest Hike: BoE throwing a pebble in the pondInterest Hike
The interest hike of 25 basis points will happen. That is a given. However it is too early to say that it may be the first of many. It is a symbolic decision. The Bank of England is saying that unsecured lending has got out of control. Furthermore it is too high and uncontrolled. The Bank of England has taken its job very seriously. Acting as a barometer for the health of the economy and the business activity in the UK. Many of the banks based in London have crafted contingency plans to ensure that they satisfy both the...
2017-10-3106 min
Core FinanceBP: A remarkable recovery that will help push the FTSE to new highsBP reported their numbers this morning; and not only did they beat numbers, they caused a share buy back, the FTSE 100 pushed back above 7500, Oil pushed above $60. It is a fantastic recovery story. This is in spite of BP having been a terribly disappointing stock this year. Even though they are only up 5% on year. However when you look at the past 2 years 2 months; they are up 50%. The BP Group Chief Executive Bob Dudley has done a marvellous job. He was handed an exceptionally difficult job. Furthermore he was pilloried by press for his wages, but has done very well...
2017-10-3105 min
Core FinanceWPP: Share Buy Backs and M&A holding back their profitsWPP the worlds largest advertising holding company are down. The share price has dropped 15% on the year. Like for Like sales are down 1.1% to $3.6bln globally. This has cause a cut in profit guidance for the year. Nick Batsford, CEO of Core London states that these large companies are almost trading like utilities and that they surely cannot continue to grow exponentially as they currently are.
Sir Martin Stuart Sorrell, the chief executive officer of WPP PLC had a very frank and honest speech. He believes that there is a very clear cut reason as to the poor performance. Technology...
2017-10-3103 min
Core FinanceOne & Done? BOE rate hike in November - Panmure GordonPanmure Gordon Senior Market Commentator David Buik talks explains how the BoE could be done with rates hikes following a 25 basis point move in November, which has been priced-in by the markets. Listen to the full segment as Buik shares his view on protectionism and whether UK should block foreign companies from taking over UK corporate.
#BOE, #interestrate, #centralbanks, #UK, #finance, #markets
2017-10-1713 min
Core FinanceBOE rate hike likely in November, Carney rightfully concerned about consumer debt - Panmure GordonPanmure Gordon Senior Market Commentator, David Buik says the Bank of England (BOE) is likely to reverse the last year's rate cut in November, but sees limited/no scope for further normalisation of the policy, given the data isn't particularly strong and the high consumer debt.
#BOE, #interestrate, #Carney, #consumers, #debt, #UK, #finance
2017-10-1109 min
Core Finance"It's time for BAE Systems to play catchup"- David Buik, Panmure GordonPanmure Gordon Senior Market Commentator David Buik weighs-in on the BAE and the Qatar contract and what it means for the BAE Systems.
#BAESystems, #stocks, #equities, #markets, #trading, #investing, #UK, #finance
2017-09-1904 min
Core Finance"TOYS R US: Chapter 11 doesn't necessarily mean time out", says BuikTOYS R US has applied to Chapter 11 for bankruptcy protection. Panmure Gordon Senior Market Commentator David Buik believes all is not lost, but it does not look good, with a debt mountain of $5 billion, with $400 million due to be repaid next year.
#ToysRUS, #stocks, #equities, #Chapter11, #markets, #trading, #investing, #UK, #US, #finance
2017-09-1903 min
Core Finance"Carney's long-term comments are a cause of concern", says BuikPanmure Gordon, Senior Market Commentator at Panmure Gordon says that BoE Governor Mark Carney's long-term comments (UK economy risks decoupling from Europe or world economy) are cause of concerns. Though Buik does not agree with Carney's take on the economy, he does say that faster rate hikes will be risky.
#Carney, #BOE, #centralbanks, #monetarypolicy, #trading, #investing, #macro, #fundamentals, #UK, #finance
2017-09-1904 min
TipTV BusinessBOE unlikely to move rates during Brexit negotiations period - Panmure GordonPanmure Gordon Chief Economist Simon French says there is no chance the BoE would raise rates tomorrow in response to a higher inflation. He adds “The BoE will sit tight during the Brexit negotiations period, i.e. at least for 2 years”.
Listen to the full segment as French explains, there is no incentive for an interest rate move for at least 2 years and shares his view on the UK house builders, broader markets and politics.
#BOE, #interestrate, #monetarypolicy, #macro, #economy, #UK, #fundamentals, #macro, #finance
2017-06-1407 min
TipTV BusinessBrexit: What a mess! - Panmure GordonPanmure Gordon Senior Market Commentator David Buik talks about the Friday’s UK election debacle and what it means for the UK and the EU. The segment is hosted by Tip TV Presenter Zak Mir.
Key points
Hard Brexit isn’t pragmatic; the mandate for Hard Brexit isn’t there now
An olive branch should be immediately handed out - David Davis agrees that 3 million EU immigrants should be allowed to stay and that the million UK passport holders should be allowed to remain in the EU without delay
The lack of investment in the UK is a bigger problem
EU is...
2017-06-1308 min
TipTV BusinessWill business leaders stand behind Conservatives? - Panmure Gordon“Most businesses associate the Conservatives with a free market doctrine, but that has been seriously challenged by the Conservative manifesto advocating an energy price cap”, says Simon French, Chief Economist at Panmure Gordon.
So will the business leaders stand behind the Conservatives tomorrow? French says the voters have a poor choice. It is essentially a battle between lower spending, lower taxes (Conservatives) vs. higher spending, higher taxes (Labour).
Going by the polls, French still expects a Conservative majority. Listen to the full segment for French’s view on UK growth and inflation.
#UK, #elections, #Conservatives, #Labour, #politics, #economy, #macro, #fundamentals
2017-06-0708 min
TipTV Business"Mrs. May will have 48 hrs to regroup" says David BuikPanmure Gordon Senior Market Commentator David Buik says "Politically, Mrs. May will have 48 hours to regroup, and should consider herself extremely lucky because the presentation of the Dementia tax or home care was badly presented. If it was presented well, people would have accepted it."
The backlash against the 'dementia tax' coincided with a shift in the opinion polls as the Conservatives lead over Labour shrunk to 10 percentage points. PM May was forced into 'dementia tax' tax U-turn after the polls showed a sharp drop in the lead over Labour.
Watch the full segment as Buik along with the CEO...
2017-05-2310 min
TipTV Business“PM May’s idea to cap energy bills is ludicrous”, says Panmure Gordon’s BuikThe PM May’s promise to protect gas and electricity customers from "sudden and unjustified" rises will be part of the Tory manifesto. Mrs May believes the proposed measures could "save families on poor value tariffs as much as £100".
David Buik, Senior Market Commentator at Panmure Gordon says the whole idea of putting a cap on the energy bills is ludicrous.
Listen to the full segment for Buik’s full take on PM May’s utility bill caps and ‘Macron’omics. Buik is joined by Tip TV’s Zak Mir and Brand Communications CEO Alan Green.
#UK, #energy, #TheresaMay, #economy, #macro, #funda...
2017-05-0909 min
TipTV BusinessBOE may pare its inflation expectations - Panmure GordonChief Economist, Simon French, tells Tip TV that the Bank of England may pare its inflation expectations slightly this Thursday owing to the weakness in the commodities, oil and strength in the GBP.
Key quotes:
China reflated its economy via monetary stimulus and weak Yuan - The sugar rush is now fading and that is weighing over the commodities and the equity markets
US congress is very hawkish on the deficit, hence Trump’s tax reform could be a watered down version of the original plan
Commodities are looking for their next leg higher. The revival partly depends on whether th...
2017-05-0807 min
TipTV BusinessExxon's takeover of BP is a distant dream - Panmure GordonRumours were doing the rounds back in March that ExxonMobil is eyeing the takeover of BP.
One may think that with the end of the Deep Water Horizon $40 billion nightmare, BP would be a soft takeover target. David Buik, Senior Market Commentator refers to the idea of BP take over as the “Bridge gone too far”.
Buik talks about BP’s return to profit, French elections and tough task ahead for PM May.
Listen to the full segment for more info on why BP is still not a soft takeover target even for the likes of ExxonMobil.
#ExxonMobil, #BP, #stocks, #equiti...
2017-05-0209 min
TipTV Business“It’s a relief rally, devoid of any logic”, says Panmure Gordon’s BuikDon’t get too excited by the spike in the stocks is the message that comes through after watching this segment.
Panmure Gordon Senior Market Commentator David Buik says, “this is a relief rally, devoid of any logic - it’s a great relief for an old pensioner, but I know it's not going to last”.
Buik also squashes argument that Macron would deliver sweeping reforms/changes and call is ludicrous. “France does not like change of any shape, size or description”, he adds.
Listen to the full segment to hear Buik’s take on Trump’s tax overhaul plans, and what one can...
2017-04-2407 min
TipTV BusinessCable likely to hold 1.20-1.30 range over the Brexit period - Panmure GordonSimon French, Chief Economist at Panmure Gordon, sees GBP/USD trading in the range of 1.20 to 1.30 over the Brexit negotiation period as gains due to strong order book are likely to be countered by Brexit uncertainty.
Listen to the full segment as French takes a detailed look at UK elections and key takeaways from IMF’s bullish forecast on the UK economy.
#Cable, #GBP/USD, #Pound, #forex, #currencies, #trading, #fundamentals, #macro, #economy, #UK, #Brexit, #investing
2017-04-1908 min
TipTV Business“FTSE is fully valued, Le Pen could win”, says Buik - Panmure GordonDavid Buik, Senior Market Commentator at Panmure Gordon talks to Tip TV Presenter Zak Mir about PM May’s decision to go for a snap election, the resulting sell-off in FTSE 100 and rally in the Pound. David also shares his view on the French election.
Buik isn’t surprised by the drop in the FTSE as he believes the mining-heavy index is fully valued. He adds, “The record high on the FTSE 250 indicates the UK is ready to do business”.
When it comes to the French election, Buik belongs to a minority who believe Le Pen could come out victorious.
Listen t...
2017-04-1909 min
TipTV BusinessAre equities the new safe haven asset? - Panmure GordonEquity markets have remained remarkably resilient following US air strike on Syria. The situation could especially get ugly when it comes to dealing with North Korea. However, the calm in the markets is eerie. This makes us wonder whether the equities are the new safe haven asset.
David Buik, Senior Market Commentator at Panmure Gordon talks to Presenter Zak Mir about the US-Syria issue, limited scope of Russian response and the real threat - North Korea.
Listen to the full segment for Buik’s take on the Trump-Xi meeting, geopolitical risks and the behavior of the financial markets.
equities#safe ha...
2017-04-1108 min
TipTV BusinessKey things to watch out for in the Q2, 2017 - Panmure GordonPanmure Gordon Senior Market Commentator David Buik talks about the importance of the Trump-Xi meeting, the need for Trump being pragmatic while dealing with Xi on the trade front and lists key things that could affect the stock markets in the second quarter.
Buik’s watch list for Q2-
Trump needs to deliver on fiscal front/convince markets that ‘Yuuuge’ tax cuts and infrastructure spending is in the pipeline
S&P earnings are likely to be up 11% on average for the second quarter. Anything lower than that would be bad news
Will the Fed follow through with another rate hike...
2017-04-0409 min
TipTV BusinessWill foreign investment in the UK dry up? - Panmure GordonUK PM Theresa May is set to trigger Article 50 of the Lisbon Treaty at the end of the month. That would mark the beginning of the two-year long divorce process from the EU.
The question on everyone’s mind is if the M&A boom/inward investment will dry up during the two-year period. To add to this, the economy also faces the risk of Scottish referendum.
Simon French, Chief Economist at Panmure Gordon joins us to discuss the impact of the uncertainty in the M&A space and economy as a whole. French says the more clarity (regarding Brexit de...
2017-03-2008 min
TipTV BusinessScexit: precipice of economic despair and penury - Panmure GordonDavid Buik, Senior Market Commentator at Panmure Gordon explains why the Scexit - Scotland’s potential exit from the UK - is the precipice of economic despair and penury.
People who support Brexit, but are against Scexit are being referred to as hypocrites. Buik says the two are totally different issues as Scotland’s economy wouldn’t gain much out of Scexit.
Key quotes:
Marine Le Pen is getting stronger due to political developments elsewhere
Dutch Elections: Mark Rutte has done enough to remain as the PM
Fed rate hike a done deal
#Scexit, #Scottishreferendum, #politics, #economy, #UK, #Fed, #interestrates, #centra...
2017-03-1407 min
TipTV BusinessDeutsche Bank $8.5 billion cash call, what’s next? - Panmure GordonDeutsche Bank ditched the original turnaround plan and approved new measures - plans to raise about $8.5 billion in a share sale, selling a piece of the asset-management business and abandoning the sale of the consumer-banking unit.
Panmure Gordon Senior Market Commentator David Buik joins us to discuss whether these measures will mark the turnaround in Deutsche Bank’s fortunes.
Also discussed is whether Trump would make America wait for a long time as congress is unlikely to approve the watered down version of banking regulatory acts.
For Buik, UK Budget is as good as a non-event.
#DeutscheBank, #Banks, #Germany, #UK, #US...
2017-03-0708 min
TipTV BusinessPanmure Gordon’s Buik prefers CME-LSE liaisonLSE-Deutsche Boerse deal is almost dead. Did European regulators torpedo the merger of the continent’s two biggest exchanges? Or did UK politicians play the spoil sport?
Panmure Gordon’s Senior Market Commentator David Buik sheds light on what could have gone wrong in the LSE-Deutsche Boerse deal. He says, “Both bourses are still very strong stand alone possibilities and both could merge with other counter parties - NASDAQ, ICE/NYSE and CME.”
Buik adds, “CME liaison with the LSE would offer greater scope to other international futures and derivative markets” and thus would strengthen London’s appeal. Buik also talks about go...
2017-02-2809 min
TipTV BusinessWhat's stopping HSBC from producing strong numbers? - Panmure GordonPanmure Gordon, Senior Market Commentator, David Buik says it is ludicrous on the part of Chairman Douglas Flint to have blamed the vagaries of BREXIT, Donald Trump and the French election on HSBC’S indifferent performance.
Weak Pound didn’t help HSBC either, nor did its strong Asian base came to the rescue.
Also discussed in the segment is the earnings preview for other UK banks and Snap’s IPO road show in London.
#HSBC, #SnapInc, #banks, #earnings, #UK, #Lloyds, #fundamentals, #macro, #investing, #trading, #equities
2017-02-2109 min
TipTV BusinessYellen preview & dissecting UK CPI, Rolls Royce numbers - Panmure GordonPanmure Gordon Senior Market Commentator David Buik dissects January’s UK consumer price inflation data, which stood at the highest level since June 2014 (at 1.8%), but narrowly missed the estimate of 1.9%.
Buik also presents his take on Rolls Royce, which posted an expected kitchen sink’ set of numbers. Buik says, in the last 3 years Rolls Royce shares have fallen 42%, but are up 20% in the last year… so the recovery has happened, but the road ahead still looks bumpy.”
The segment concludes with Buik explaining what one may expect from Yellen testimony. The central bank chief faces a challenge of anticipating the fiscal p...
2017-02-1409 min
TipTV BusinessMacro Musings: Student debt sell-off, BP & Trump ban - Panmure GordonUK Universities Minister Jo Johnson has announced the sale of £4 billion worth of student loans owned by some 450,000 people. The move has been labelled as “economic illiteracy” and “privatisation through backdoor”.
David Buik, Senior Market Commentator says the idea of $4 billion student debt sell-off is horrendous.
Watch Buik discuss whether taxpayer would get a good deal this time…
Also discussed in this segment is BP earnings and implication of banning Trump from speaking in Parliament. Buik says UK needs the support of the world’s strongest economy and whether we like it or not, Trump is the President.
#studentdebt, #UK, #economy, #mac...
2017-02-0709 min