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The Money & Markets podcast brings you the latest personal finance and stock market insights to help you manage your investment portfolio.
To contact us visit ajbell.co.uk
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To contact us visit ajbell.co.uk
For legal info visit ajbell.co.uk/disclosures.
308 Episodes
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On the last AJ Bell Money & Markets podcast of 2024, Dan Coatsworth and Danni Hewson discuss what markets are now thinking about the trajectory for interest rate cuts in 2025 after the Federal Reserve’s latest comments. [03:47]
In the UK, inflation has been creeping back up and there are warnings of a potential recession as private sector hiring falls at its fastest rate in four years following the Budget. With rates expected to be higher for longer that’s good news for savers. [11:52]
Dan looks back at the winners and losers of 2024 on the market including some names that might come as a surprise. [14:00]
There might be big changes ahead in the automotive sector after reports that car giants Honda and Nissan could be considering a merger. Danni considers why this might happen. [20:19]
The long running saga of whether Royal Mail owner International Distributions Services would be taken over by Czech billionaire Daniel Kretinsky is now close to the end point, as Dan explains. [24:16]
UK households are reeling after the water watchdog gave the go-ahead for bill rises which will average out at an extra £31 a year. [26:06]
Jean Roche from the Schroder UK Midcap Fund joins us on the episode of the podcast. She talks through the potential opportunity for those FTSE 250 companies in the new year and why the investment trust’s policy is to ditch mid-caps if they succeed in climbing into the FTSE 100. [33:39]
This week’s episode of the Money & Markets podcast explores the cost of putting food and drink on the table at Christmas, how supermarkets are coping in the festive season, and why higher cocoa prices could lead to a marriage of two chocolate giants. We talk to experts about big UK stocks and how Donald Trump’s return to the White House could impact green policies. You can also hear about changes to the FTSE 100, why the car finance scandal could be bigger than previous expected, and what’s going on with UK rental charges.
Kicking things off, Danni Hewson has some interesting figures on the supermarket sector which is gearing up for one of its busiest times of the year. [1:38]
Dan Coatsworth discusses how the cost of a Christmas dinner has gone up a lot this year. [4:35] The pair also chat about why a cup of coffee is going up yet again and why a hike in the price of cocoa might lead to a big US takeover deal. There is speculation that Cadbury’s owner Mondelez might have another go at buying Hershey’s. [8:08]
The FTSE 100 index has going through a bit of a change with a few new members including Games Workshop, another set to leave over the next 12 to 18 months (Ashtead) and a new name which is big enough to join but won’t be given an admission ticket (Canal+). [13:23]
The car finance scandal keeps getting bigger and the regulator has now said it could be on the scale of PPI which cost banks £50 billion. Dan has all the details. [17:50]
Anna Farmbrough and Ben Needham from NinetyOne UK Equity Income fund join us on this week’s podcast to talk about Wetherspoons, Diageo and more. [22:06]
Frustrated with the cost of renting in the UK? Danni has some potential good news. [35:50]
We also hear from Impax Environmental Markets’ co-manager Fotis Chatzimichalakis about the potential change to green policies under Donald Trump. [39:04]
On this week’s AJ Bell Money & Markets podcast: the US-focused fund manager with a market-beating performance over the past 12 months and where he sees markets going next Stateside. The team talk ChatGPT and why car insurance should get cheaper next year. You can also hear about the challenges facing automotive companies, an expert on UK shares and big changes to Premium Bonds.
Takeovers continue to come thick and fast on the UK market and Dan Coatsworth is here to talk about the latest deals being made. Tom Sieber also updates on the challenges in the automotive sector and why Elon Musk is being denied $56 billion. [10:52]
Cormac Weldon from the Artemis US Select Fund talks to Dan about what Donald Trump could do next, and where he sees the US market heading in 2025. His fund has returned 38% in the 12 months to 2 December 2024 versus 33% from the S&P 500 index, in sterling terms. [14:07]
Drivers could be in line for a £50 car insurance saving next year, predict experts. That’s down to an important change in how personal injury compensation payments are calculated. Tom explains all. [26:27]
Dan has been celebrating ChatGPT’s second anniversary by digging into the impact it’s had on companies. [29:03]
Amid news that NS&I is cutting the effective rate on Premium Bonds from January, Tom asks if the savings products are still worth it. [34:56]
We also hear from Polar Capital UK Value Opportunities Fund manager Georgina Hamilton on the outlook for UK shares in 2025. [37:21]
On this month’s bonus podcast focusing on investment trusts, the AJ Bell Money & Markets team dig into star performers, US trusts and global small caps.
Dan Coatsworth talks to Julian Bishop, co-manager of Brunner Investment Trust which is celebrating one of its best years in a long time. Julian explains how the trust has done well, his thoughts on the Magnificent Seven, why he’s sold out of weight-loss drug provider Novo-Nordisk, and what could happen in 2025. [01:16]
Steve Frazer and Tom Sieber take a deep dive into Manchester & London, one of this year’s best performing trusts. While returns have been strong in 2024, the trust has attracted its fair share of critics over the years, so Steve and Tom take a balanced look at the company. [22:34]
Following the US election, Martin Gamble and Ian Conway talk about the differences between the range of US-focused investment trusts that trade on the UK stock market and what they’re trying to achieve. [35:22]
We’ve also got a chat with Columbia Threadneedle fund manager Nish Patel about The Global Smaller Companies Trust. [47:16]
This week’s episode of the AJ Bell Money and Markets podcast looks at the challenges being faced by global automakers. (01:31) In the UK the speed of the transition to net zero and fines for not meeting targets has been cited as one reason behind Stellantis’ decision to close its factory in Luton. The government has said it will consult on the phase out as Ford’s UK boss calls for incentives for motorists. (06:42) Danni Hewson explains how Donald Trump’s threat to introduce tariffs on day one of his presidency is likely to hit the auto sector particularly hard including US firms like General Motors which has a huge manufacturing hub in Mexico.
There’s been a flurry of takeover action on London markets (10:15) with Direct Line turning down Aviva’s approach which would create the UK’s largest car insurer, but pub and restaurant group Lounger’s is backing a £338 million bid from Fortress saying its growth hasn’t been reflected by its market valuation.
(23:16 )With Christmas fast approaching Laura Suter looks into warnings that many Black Friday deals aren’t all they’re cracked up to be and assesses a warning from HMRC that scammers are using the lure of tax rebates to catch people out.
With the number of UK adults owning crypto currencies on the rise the FCA has said it will finally look to regulate the sector. A third of investors wrongly believe they could complain to the regulator if something went wrong. (28:23)
Plus, Imogen Harris from the Premier Miton Global Smaller Companies Fund on why a $22 billion company is considered to be a small cap in the UK (14:16) and Nick Clay from Redwheel Global Equity Income Fund on whether companies now care more about share buybacks than dividends (39:31)
This week’s episode of the AJ Bell Money & Markets podcast compares challenges in the UK and US retail sectors, examines Nvidia’s latest results and talks about why so few of us are using cash day-to-day. We’ve also got interviews with AJ Bell’s CEO and an Asia-focused fund manager who hates China.
Danni Hewson explains the latest UK inflation figures and what they mean for savers, investors and borrowers. [01:02]
Nvidia caused quite a stir with its latest financial results and Dan Coatsworth is on the podcast to explain exactly what’s going on. [06:47]
There’s been a lot of grumbling from the heads of UK high street companies following the Budget last month and this week the government was presented with a letter from some of the country’s biggest retailers. Find out what some of the biggest names in industry had to say. [10:45]
The podcast also looks at what some of the major names in US retail are saying about the state of the consumer Stateside, including Walmart, Target and TJX. [16:11]
Even though the Budget is now in the rear-view mirror, many investors are still getting to grips with what it means for them. One person who is acutely aware of the challenges it has created is Michael Summersgill, chief executive of AJ Bell. Don’t miss what he has to say on this week's podcast. [22:37]
Do you still pay for things with coins or notes, or are you completely dependent on cards? New research would suggest not many of us carry change in our pocket. Danni and Dan talk notes, coins and card-readers galore. [29:44]
Finally, Asia can be a fruitful place to find dividends and Jason Pidcock from Jupiter Asian Income Fund has been investing in the Asia Pacific region since the early 1990s. Dan met up with Jason to talk about the hunt for income, his thoughts on China, and why a Trump victory puts the spotlight on one of the most important companies in the global semiconductor supply chain. [36:02]
On this week’s episode, Charlene Young and Laith Khalaf talk you through the impact on business of rising National Insurance and minimum wage bills. Plus, labour market data for the period to September showed us the gloomy reality for businesses before the Budget as stalling investment and hiring plans fuelled rising redundancies and unemployment.
The Bank of England voted 8-1 to cut interest rates last week but forecasts published alongside the announcement give us an insight into just how inflationary the bank thinks Rachel Reeves’ Budget will prove, and the likelihood of her achieving her pledge of ‘growth, growth, growth’.
Bitcoin gets a double mention – not only has it been breaking records but a UK pension scheme has announced it will be allocated 3% of its assets to diversify its investment base, in a break with tradition in the pension space. [11:42]
Dan Coatsworth interviews Jack Caffrey from the JP Morgan American Investment Trust for his take on the US election and why the market reacted like it did to that Donald Trump victory. [25:21]
It’s also looking like a record year for flows into Exchange Traded Funds. What are ETFs are what has made them so popular? [39:14]
We also discuss why first-time buyers might find the frozen Lifetime ISA property limit locks them out of their dream family home [44:00], and outflows from Fundsmith Equity [50:01].
On this week’s episode of the AJ Bell Money & Markets podcast, Danni Hewson and Charlene Young assess the market reaction to Donald Trump winning the US presidential election and heading back to the White House.
There have been some clear winners and losers as investors pile into so-called “Trump Trades” with bitcoin, banks and Tesla among the biggest gainers.
The potential for a tariff fuelled trade war has sent stocks like Diageo down whilst the renewable sector is also under pressure with one of Trumps slogans – “drill baby drill” sparking speculation the US oil and gas sector will boom.
It may feel like a long time, but the UK Budget was only a week ago and Danni and Charlene discuss changes to inheritance tax which will be exacerbated by frozen thresholds and whether people who pulled out tax-free cash from their pensions amidst pre-Budget speculation about changes, can put it back if they’ve changed their mind.
Plus, Danni’s been chatting to Simon Gergel from The Merchants Trust about how some of the UK’s biggest listed companies might be impacted by the Budget.
Finally, Tom Sieber and Ian Conway from Shares magazine discuss Lotus Bakeries, the brains behind Biscoff and a great stock performer in recent years.
This month’s bonus podcast from the AJ Bell Money & Markets team on investment trusts explores the underperformance at the UK’s biggest investment Trust, Scottish Mortgage, and looks at why investors are becoming less enthused with ESG.
Danni Hewson catches up with Dale Nicholls, manager of the Fidelity China Special Situations Trust to talk about Chinese stimulus measures and the potential impact of the US election on the Chinese economy.
Meanwhile Dan Coatsworth talks to Ian “Franco” Francis, manager of the CQS New City High Yield Fund to find out what falling interest rates mean for bond investors.
And we also unpack the pros and cons of investing in Venture Capital Trusts.
The AJ Bell Money & Markets podcast team react to Chancellor Rachel Reeves’ Budget, explaining how the new rules affect consumers and businesses.
There was a lot of speculation about big changes to the tax system so Danni Hewson, Charlene Young and Dan Coatsworth cover off the main points, explaining which rates are changing and which ones are staying the same. This includes big news around capital gains tax and inheritance tax.
There is some good news on ISAs and pensions, and Dan explains why there was a positive market reaction to the Budget. The FTSE 250 and AIM indices jumped on the announcement, so listen to the podcast to find out why.
The team also analyse the new economic forecasts for the UK and the challenges ahead for not just the government, but also businesses across the country.
On this episode of the AJ Bell money and markets podcast Danni Hewson is joined by Shares Magazine editor Tom Sieber to pick through the most interesting points of this earnings season so far. From the re-jig of the menu at Starbucks from the new man in charge as sales keep falling to a Netflix subscription slowdown, Tesla’s return to better form and in the UK Hollywood Bowl’s mega strike. Mike Asheley set’s his sites on running Boohoo and Boeing’s back on the back foot after employees rejected another improved pay deal.
Less than a week out from the UK’s budget the pair discuss the state of the UK’s public finances and calls from the hospitality sector for Rachel Reeves to act on business rates or risk a high street meltdown. And less than two weeks from the US election Dan Coatsworth has been chatting with Ron Temple chief market strategist at Lazar Asset Management about what might happen to certain assets and sectors depending on which candidate gets to the White House. Plus, Gold hits fresh record highs and the value of lost pension pots in the UK has now reached a staggering £31 billion.
On this week’s AJ Bell Money & Markets podcast, Danni Hewson and Charlene Young assess the market reaction to a large fall in UK inflation which has raised expectations that the Bank of England might cut rates twice before the end of the year.
They’re joined by Tom Selby, AJ Bell’s director of public policy, to discuss ongoing Budget speculation which has unsettled many pension savers and prompted AJ Bell to call on the Treasury to commit to a pension tax lock.
They also discuss the impact of Budget speculation on markets with housebuilders like Barratt up and gambling companies like Entain down.
Dan Coatsworth talks to Ailsa Craig and Marek Poszepczynski from the International Biotechnology Trust about what we might see next for the weight-loss drug boom. Dan also chat to Nick Purves from Temple Bar Investment Trust about finding opportunities when parts of the market look cheap.
You can also hear why automakers Stellantis and BMW have warned policy makers they need to think again about the pace of the transition to electric vehicles if they’re going to protect manufacturing jobs and why Boeing is looking to raise funds to help it keep its head above water.
On this week’s episode of the AJ Bell Money & Markets podcast Danni Hewson and Laith Khalaf discuss if Google could really be broken up. It’s something the US government has asked a court to consider over concerns over its dominance of the search space.
They also discuss why our waning appetite for snacks has taken a bite out of PepsiCo’s sales and why a cost shock sent UK housebuilder Vistry’s shares tumbling.
We hear from Ryan Hughes, managing director of AJ Bell Investments, about why the US has been the worst performing market for UK investors over the last quarter plus how the race to the White House is being priced in by markets.
As the UK’s Budget draws closer, we discuss some of the speculation about what might hop out of the Chancellor’s hat when it comes to pensions, plus why there’s been a boom in annuity sales.
Rachel Vahey is on the show to answer listeners’ questions on pensions. This week she talks about the limits on paying in excess income once you’ve started to draw your pension.
This month’s bonus podcast from the AJ Bell Money & Markets team on investment trusts explores two different ways to add a flavour of private equity to ISAs and pensions.
We talk to Oakley Capital Investments’ Steven Tredget about tapping into private equity funds, while Gresham House’s Ken Wotton, fund manager of Strategic Equity Capital, explains how to apply private equity investment techniques to public markets.
Dan Coatsworth talks to Emma Bird, head of investment trust research at Winterflood, about how trusts can provide a smoother stream of dividends than open-ended funds.
Dan also talks with Tom Sieber about the latest results from JPMorgan Global Growth & Income, while Steve Frazer and Ian Conway explore Baillie Gifford’s Monks Investment Trust and what it is trying to achieve.
This week’s episode of the AJ Bell Money & Markets podcast discusses scams and how banks and big tech companies are working together to protect consumers and stop people losing money.
Dan Coatsworth chats about the divergent fortunes for Nike and JD Sports as they issue their latest financial results.
Laith Khalaf explains the big changes to energy bills and what people can do if they are struggling financially.
Shares magazine’s Ian Conway and Martin Gamble take a seat at the bar to talk about UK pubs giant Wetherspoons. We also hear about the latest twists and turns involving UK takeovers including Mulberry and MusicMagpie.
Danni Hewson chats to Sam Vecht from the BlackRock Latin American Investment Trust about ongoing volatility in that part of the world and why it is somewhat cushioned from current geopolitical tensions.
Finally, we’ve got some eye-opening figures on the amount of money being poured into Cash ISAs.
On this week’s episode of the AJ Bell Money & Markets podcast: Dan Coatsworth looks at the market reaction to China’s stimulus package to boost growth and a six-times earnings mortgage announcement from Nationwide.
Charlene Young talks us through a cliff-edge in the tax system that could lose high earning parents up to £20,000 in childcare support and how pension contributions can help you claim money back. Also, how to check if you've got over £2,000 in a child trust fund you didn’t even know about.
With gold prices continuing to break records, Danni Hewson talks to Stuart O’Reilly from the Royal Mint about what investors should consider when it comes to investing in precious metals.
In our second interview, Dan chats to Slater Investments co-founder Mark Slater about why he likes Tesco and his ideas for driving up demand for UK stocks and shares.
Plus, we wish Shares Magazine a very happy 25th birthday!
On this week’s episode of the AJ Bell Money & Markets podcast: interest rates have dominated the news agenda so Danni Hewson unpacks what the big rate cuts in the US mean for investors around the world.
Changes to rates now or potentially in the near future mean interest rates are also changing on cash savings. The podcast team take a look at the latest trends and why the financial regulator has issued a warning to the public about cash. The team also chat about the tax implications of so many people having taken advantage of higher returns on cash in recent years.
Dan Coatsworth talks to fund manager Mark Costar from JO Hambro about the outlook for Rolls-Royce and Primark’s owner, Associated British Foods.
There’s a lot going on in the property sector with new data on house prices, takeovers galore among housebuilders and a big share price rally from one of the UK’s best known DIY companies. Dan and Danni have all the details.
If you’re one of many people who prefer to pay insurance premiums on a monthly basis, you might be alarmed by some new figures which the team discuss on the podcast.
And finally, it is now less than 100 days until Christmas and would you believe it, people are already talking about festive spending.
This week’s AJ Bell Money & Markets podcast debates big news for people in retirement. Charlene Young reveals by how much the state pension will rise and who is eligible for the full uplift.
Dan Coatsworth chats about Apple’s new version of its iPhone and how its share price has moved on average before and after previous upgrades to its flagship product.
You can hear about the latest economic and markets news, including takeover activity involving Rightmove and Centamin, and why shares in the British arm of TGI Friday’s fell by 90% in a day.
Don’t miss the second part of our interview with Finsbury Growth & Income fund manager Nick Train. He gives his thoughts on the general market, the trust’s performance and a fascinating insight into Unilever.
We’ve also got an interview with Stuart Widdowson from Odyssean Investment Trust about investing in smaller companies.
1The AJ Bell Money & Markets podcast is back with a bumper episode looking at the market wobbles at the beginning of August and September amid fears about the strength of the US economy and a slowing of Nvidia’s AI growth story.
Danni Hewson and Laura Suter also discuss the potential path of interest rate cuts as well as discussing some interesting M&A activity including Rupert Murdoch’s REA Group’s plot for UK property platform Rightmove.
Hot off the heels of Rightmove’s takeover interest, Dan Coatsworth talks to one of its biggest shareholders, Nick Train from Finsbury Growth & Income Trust about the news and his thoughts on two other big-name FTSE 100 stocks.
We’ve got plenty of pension action too, including how much the state pension is set to rise next year and AJ Bell’s Rachel Vahey answers your questions.
Lots of investors are increasingly turning to cheap tracker funds which means the pressure is on investment trusts to not only outperform the market and prove their worth, but also make their charges more competitive. Dan Coatsworth talks to Annabel Brodie-Smith from the Association of Investment Companies about this topic and to find out which trusts have the highest and lowest costs for investors.
Paul Niven, manager of retail investor favourite F&C Investment Trust, is on this week’s podcast to discuss the summer’s market sell-off and whether it has prompted big changes in his portfolio.
Laith Khalaf talks to James Carthew from QuotedData about the big merger between Alliance Trust and Witan which is expected to complete in the next few months.
3i Group continues to be one of the few investment trusts to trade at a chunky premium to the value of its underlying assets, so we asked Tom Sieber and Steve Frazer from Shares magazine to explain why investors are happy to pay up to own the shares.
Tom also chats about BlackRock World Mining’s latest results and why there is some bad news for anyone thinking metal producers are a great source of dividends.
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I cannot agree with Tom Selby about the benefits of pensions. Firstly, being able to pass on your pension pot tax-free if you die before the age of 75 is not really advantageous. Only a tiny percentage of people die before they are 75 in the UK. So the vast majority of people will be passing on a major asset that then gets taxed. Secondly, his suggestion that people exhaust all their other assets before taking their pension assets is nonsense for most people. What people should do is build maximum ISA balances , even if that means drawing from their pension. The ISA allows people to build up large tax-free incomes, which combined with a State Pension of £10.6k means people can then enjoy a high level of tax-free income in retirement. And if they need cash quickly they can take if from the ISA without any tax considerations. For these reasons I think the comments made by Tom are not correct for most people in the UK.
This subject keeps coming up in Britain repeatedly. In the very early 1980s exactly the same approach was being suggested. I visited a number of schools to meet with the "school leavers" groups, and handed specimens of wage slips. Nobody knew where any of the figures came from. Over 3 lessons I taught them about gross & net pay, income tax, national insurance & pension deductions, and how to check if the deductions were correct. It didn't take long. This is the kind of integrated mathematics that should be incorporated into the curriculum....yet here we are more than 40 years later still talking about youngsters & poor mathematics skills.
It's great news that there are new rules on crypto advertising. But this podcast didn't mention any regulatory body that in the UK that investigates crypto scams and preferably has a track record in recovering monies for those scammed. Can you do a segment on this please?
it was really good to hear a sensible discussion on social care costs for rhe elderly. great podcast
the volume on all AJB podcasts seem to be very low. settings are to max but I still miss so much. no issues with other podcasts, please look at production. Or am I alone on this?