The period since the last episode of Lee and the IC has been eventful to say the least, and the pair begin by unpacking Donald Trump’s tariffs, the subsequent market sell-off, and how it compares to similar eras in market history.

The episode follows in typical fashion, and Lord Lee updates listeners on changes he has made to his portfolio in the period following “liberation day”, including Treatt (TET), and reveals why he believes PZ Cussons (PZC ) is a severely underrated stock.

To wrap up, Alex queries Lord Lee on how he may use his M&G dividend, and Lord Lee shares why he has been involved in the stock market for over half a century.

Timestamps

1:12 Liberation Day reaction

3:33 Lord Lee’s opinion of the turn the world is taking

5:41 Did Lord Lee expect a climbdown

6:51 April’s selloff compared to others in history

9:49 Market rebounds to a downturn

11:26 UK and US trade deal

14:04 Lord Lee’s portfolio during the tariff-induced downturn

17:29 Lord Lee’s view on holding cash

19:09 Treatt

22:12 Christie Group

25:44 Workspace

29:13 Vianet

31:03 PZ Cussons

34:12 Dividend season

35:15 Investing for over half a century

Hosted on Acast. See acast.com/privacy for more information.

We begin with Arthur Sants and Dan Jones discussing the Apple antitrust issue, the iPhone manufacturer's role in Alphabet’s share price fall and Google’s place in the search engine world.

Michael Fahy, author of this week’s Big Read on the future of aviation, up next. He explains some of the developments in the industry, the top players, and what companies may be under threat by the arrival of more modern aviation and fuel sources.

Valeria Martinez then covers Mobico’s school bus fleet sale. The deal has been in the making for a while and aimed to reduce the company’s debt, but the agreement has since led to a significant share price drop. Valeria lays out its current debt situation, why investors are concerned and more.

Timestamps

1:17 Apple & Alphabet

20:50 The future of aviation

34:38 Mobico

Hosted on Acast. See acast.com/privacy for more information.

Dave Baxter returns with another IC Interviews, and he sits down with one of the rising stars of fund management, Jasmine Yeo of Ruffer Investment Company, the FTSE 250 trust that aims to deliver positive returns for investors throughout all market situations.

Listen to find out how the portfolio is behaving in the wake of Donald Trump’s swathe of tariffs, which diversifiers the Forbes 30 Under 30 fund manager is backing, the macro threats the team are positioning for, and more.

Timestamps

1:09 How the portfolio has held up

5:10 When it would be sensible to add risk

7:09 US exceptionalism

11:53 Bonds

15:45 Reliable protectors

17:12 Gold

20:18 Other diversifiers

21:40 Main macro threats and opportunities

24:30 Growth and equity exposurer

Hosted on Acast. See acast.com/privacy for more information.

Recent results from Associated British Foods (ABF) highlighted that both its food and retail arms are facing some bumps in the road – think falling sugar prices and tariffs. Mike Fahy, Julian Hofmann and Alex Newman weigh in on everything going on and what investors need to know.

Gold next. Its price reached an all-time high this month, and Alex Hamer looks at the drivers behind this boom, where it could fit in a portfolio today, and sheds some light on investment options.

Lastly, Jemma Slingo unpacks results from Keystone Law (KEYS). Jemma and Dan discuss why investors were pleased and how changes to its offices aid its balance sheet.

Timestamps

1:24 ABF

15:46 Gold

29:49 Keystone Law

Hosted on Acast. See acast.com/privacy for more information.

In another packed episode, host Dan Jones is joined by Christopher Akers to look at half-year results from car testing company AB Dynamics (ABDP). Can it continue to perform well at a time when the automotive industry is yet again facing a string of pressures, including those dreaded tariffs?

Next up is a look at this week’s Big Read on ‘survivor shares’. James Norrington introduces the thinking behind the piece and discusses the metrics you can use to find companies that will prosper in an uncertain world.

The team then turn to preference shares. While loved by income seekers because of their impressive yields, they may not be long for this world given Aviva’s (AV.) successful attempt to cancel some of its prefs this month. Jemma Slingo discusses the implications and whether investors are being too hasty in voting for the cancellation of these shares.

1:21 AB Dynamics

10:35 Survivor Shares

22:13 Preference shares

Hosted on Acast. See acast.com/privacy for more information.

As a wealth preservation fund, Personal Assets aims to generate returns above inflation using a long-term approach. But with uncertainty rife thanks to tariffs, the fund is facing a very “interesting” time.

In our latest IC Interviews episode, Dave Baxter and Charlotte discuss the talk of the town – tariffs. Listen to the episode to hear the pair unpack the fund’s behaviour after the sell-off, why the managers are backing gold, why Charlotte doesn’t believe weight-loss drugs are a threat to alcohol stocks, and more.

This episode was recorded on 14 April.

Timestamps

00:59 How the fund is behaving after the sell-off

4:00 Impact of tariffs on stock markets

8:35 Stock markets the fund is favouring

12:06 US Treasuries

15:44 Sectors to benefit from structural inflation

18:31 Gold

20:51 Food and drink stocks

22:49 Weight-loss drugs and alcohol consumption

26:27 Markets aside from the US

27:28 The aim of the fund

Hosted on Acast. See acast.com/privacy for more information.

We begin with results from electronics manufacturer, TT Electronics (TTG). Michael Fahy and Arthur Sants explain how its North American and European divisions have been performing, and how the senior leadership is changing.

Tariffs again, but from a different angle. Arthur Sants, our US correspondent, unpacks how tech stocks Apple (AAPL) and Nvidia (NVDA) are faring, what could happen next and which businesses are best set to prosper.

Last up, Mark Robinson covers motor finance and lender S&U’s (SUS) results. It faces significant uncertainty due to regulatory issues and a Supreme Court ruling taking place in a few months. Mark and Dan explore what it means for the business and its shareholders.

Timestamps

1:30 TT Electronics

10:12 Tariffs and trade

28:21 S&U

Hosted on Acast. See acast.com/privacy for more information.

As tariffs continue to send markets into a frenzy, the panel gives listeners a rundown of how we got here, what’s happening now and what lies ahead for untouched industries such as pharmaceuticals.

Val Cipriani joins to discuss this week’s cover feature on the investing world beyond listed stocks. Val and Dan share how investors can get exposed to unlisted shares, how to find out what they’re worth and other tips to find out if you can trust valuations.

It’s then on to Staffline’s (STAF) results. Valeria Martinez reveals why it held up better than its recruiting peers and what its recent PeoplePlus disposal means for the business in the future.

Timestamps

1:53 Market frenzy

18:13 Unlisted stocks

28:27 Staffline

Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial

*After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only.

Hosted on Acast. See acast.com/privacy for more information.