How ASML sparked a global chip stock sell off October 16, 2024 Chip equipment maker ASML warned of a slower than expected recovery in the semiconductor market on Tuesday, triggering panic among investors who quickly offloaded stocks across the sector. The company’s quarterly results, accidentally published a day early, revealed orders that were half of what investors had expected. The company also cut its forecast for next [...]
Fundsmith Equity plummets down most bought list as passives dominate October 15, 2024 Fundsmith Equity, the largest investment fund in the UK, fell 12 places down Interactive Investor’s most bought list in the third quarter of 2024, as passives cemented their majority on the list. The £23.8bn fund, run by star fund manager Terry Smith, fell from eighth on the list to 20th, the biggest movement of any [...]
A wine-lover’s guide to sober October October 15, 2024 I may be biased given it is my career and passion, but wine really is an incredible drink. Even given my love of the drink however, I can fully support and applaud (if often from a distance) those choosing to curb their intake. In the recent report by KAM it was revealed that 74% of [...]
Meet the fund managers: Quality companies at a value price October 14, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Chris Rossbach, manager of the J. Stern & Co. World Stars Global Equity Fund. This is a transcript from an interview you can watch online. It has been edited for length and clarity. [...]
Has Fifa wildly overestimated the value of Club World Cup media rights? October 11, 2024 Was Fifa too hasty in rejecting Apple’s reported $1bn (£760m) offer for media rights to next summer’s inaugural beefed-up Club World Cup? That is a question football’s governing body may have to ask itself as time ticks down towards the new 32-team tournament in the US next summer. With only eight months to go until [...]
The Beatles’ finances getting back to where they once belonged October 11, 2024 The finances of the company that looks after the commercial interests of The Beatles have continued to fall back following a spike in 2021 when the Get Back documentary was released. Apple Corps, which was originally founded by the band in 1968, is now owned by Sir Paul McCartney, Ringo Star, Yoko Ono and the [...]
McLaren W1: A ‘once in a generation’ hybrid hypercar October 8, 2024 When the opening gambit is ‘a successor to the McLaren F1 and P1’ – two of the greatest supercars in history – you know what follows will be something special. Or it certainly needs to be. The McLaren W1 does not disappoint. Welcome to the inner sanctum of a futuristic, semi-subterranean factory in Woking: home [...]
Coldplay Moon Music review: Could this be perfect pop? October 8, 2024 Every now and then I find myself considering the fine margins between major and minor success. I remember, for instance, a gig I attended at the turn of the millennium at the Nottingham Arena performed by the band Travis. In those days, like their rivals Coldplay, they could easily fill a stadium of 10,000 people. [...]
The dirty, dangerous and ‘obsessive’ world of mudlarking October 8, 2024 Once the domain of Victorian street urchins, the art of mudlarking has gone mainstream. Lucy Kenningham investigates
Leading with insight: Geradin Partners corners trend in competition law October 7, 2024 When trying to "shake things up" in the competition legal market, who better than someone who spent over seven years as a legal director for the regulator