Brewin Dolphin Podcast

An update on geopolitics, oil, the airline industry and the latest round of bumper jobs data out of the US.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on our website: www.brewin.co.uk

As the dust settles on the 2014 world cup, more severe international confrontations have been grabbing investors’ attention. Brewin Dolphin’s Research team discuss these events as well as the raft of technology results and take a longer term perspective on the mining sector.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on our website: www.brewin.co.uk

On this week’s podcast we review the bumper UK GDP data, the ‘good’ news out of RBS, and the change of management at Tesco.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on our website: www.brewin.co.uk

In the final podcast of the year the Brewin research Team discuss direct and collective recommendations as we move into 2016.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

An update on the supermarket price war from Podcast debutant Nicla Di Palma, some further thoughts on the SAGA IPO, and the major economic news of the week.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on our website: www.brewin.co.uk

This week Ben Gutteridge is joined by Head of Research, Guy Foster and Equity Analyst, Ruairidh Finlayson.

First up, Guy discusses this week’s British Chambers of Commerce annual conference where party leaders had the opportunity to set out their position on business-related issues, leading to David Cameron’s appeal for a pay rise for Britain.

Then Guy and Ruairidh look at how the major political parties will address the big issue of wages weakness and which sectors will be most affected by an increase in the minimum wage. Also why UK wages have been so low, will they recover and how should the central bank respond?

Have you been affected by the issues raised in this podcast? Tweet using #brewinpodcast to join the debate.

Next week we welcome Steve Keen, economics’ professor, deflation expert and sympathiser of Varoufakis to the podcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below.

Following on the theme of Value Investing, which has gripped recent episodes of the Brewin Podcast, Guy Foster, Head of Research, speaks with Miton’s UK Multi-Cap Income star fund manager, and winner of the 2014 What Investment Fund Manager of the Year Award, Gervais Williams.

In a low growth environment globally, with China continuing to slow and other large economies aspiring to stem (and even reverse) the pace of debt accumulation, it will become increasingly challenging for larger companies to deliver superior earnings growth. Gervais believes, however, that smaller companies, where there is the flexibility to adapt faster and to implement innovation, are well placed to outperform.

These factors, and much more, are highlighted in Gervais’s recently authored book The Future is Small.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below

This week Guy Foster, Head of Research talks to Chris Bowie, Portfolio Manager at TwentyFour Asset Management, about bond markets and the anxiety surrounding them.

Conversations delve into the liquidity of the market, the hazards that interest rate hikes pose to bonds and the corporate risks to bond investors. Despite the current state of limbo many fixed income investors find themselves in, Chris clarifies why he sees potential in the bond market and the steps his fund has taken to mitigate the risk associated with the markets at this current time.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

Following the big news this week that China has devalued its currency against the US dollar, Ben Gutteridge, Head of Fund Research, chats to two of Fidelity’s Asian Investment Directors about the policy change. The discussion covers the structure of the new policy, the motivations behind the change and the ramifications for the broad investment landscape.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

It always feels like politics has a big impact on markets but right now that impact must be building toward its zenith. The two biggest issues for UK investors right now are the forthcoming UK election and the ongoing wrangles between Greece and its Eurozone partners. With these two huge issues looming we are releasing two podcasts with Alastair, the first will be the UK election and the second will be the tensions with Greece.

To guide us through these topics we are joined by Alastair Newton, Senior Political Analyst at Nomura. Alastair spent 20 years as career diplomat with the British Diplomatic Service. Alistair produces a periodical which he calls issues which keep me awake at night which is essential, reading for those who want to explore the impact of politics on financial markets.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below