From a surprise jump in UK inflation to soaring retail sales and a surging pound, Anthony and Piers break down why Britain’s economy is defying expectations and what it means for interest rate cuts.

They also unpack the bizarre logic behind OPEC’s production hike amid falling oil prices, gold’s fresh rally on renewed debt fears, and how Trump’s “Big Beautiful Bill” could push US borrowing costs to record highs.

Essential listening for anyone trying to make sense of inflation surprises, energy market gamesmanship, and the slow-burning fuse of America’s fiscal crisis.

(00:00) Intro & Key Themes

(01:37) UK Inflation and Consumer Confidence

(08:10) Oil Market Dynamics and OPEC's Strategy

(15:15) Gold's Resurgence Amid US Debt Concerns

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

From eToro’s blockbuster debut to the return of SPACs and the flood of micro IPOs from China, Anthony and Stephen break down what’s really happening in the 2025 IPO market.

They also dive into the data behind Japan’s surprise IPO boom, why London continues to lag, and which investment banks are topping the ECM league tables, with one unexpected name climbing fast.

Essential insight for anyone tracking deals, equity markets, and the big stories behind this year’s public listings.

(00:00) Intro & Key Themes

(02:47) IPO Market Overview: Year-to-Date Performance

(05:14) Micro Listings: A New Trend in IPOs

(13:01) Understanding SPACs and Their Role

(17:41) Global IPO Activity: A Broader Perspective

(20:21) Sector Analysis: What Companies Are Going Public?

(24:01) eToro IPO & Notable Companies to Watch

(33:44) UK IPO Landscape: Challenges and Opportunities

(36:52) Investment Banks: League Tables and Revenue Breakdown

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

From a blistering 20% S&P rebound to Trump’s tariff U-turn, Anthony and Piers unpack what’s behind one of the fastest stock market rallies in recent memory — and whether it can last.

They also dive into the surprise inflation slowdown, what it means for Fed rate cuts, and why the looming US debt ceiling deadline could be the next big market risk. Plus, is “taco trade” the new “buy the dip”?

Essential listening for anyone trying to make sense of fast-moving markets, policy shifts, and the psychology driving investor behavior.

(00:00) Intro & Key Themes

(03:05) What’s Driving the Market Rebound

(09:03) US Inflation Trends & Fed Rate Cut Hopes

(14:56) Trading Psychology: Fear, Risk & Strategy

(16:00) The Debt Ceiling Explained - And Why It Matters

(24:29) One Market Factor You Might Be Overlooking

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

In this career insight episode, Anthony speaks with Mahgul Ansari, an Assistant Portfolio Manager at Premier Miton, about her unconventional path into investment management.

Starting out studying modern languages at Oxford University and later qualifying as a chartered accountant, Gul shares how she pivoted into asset management, the challenges she faced along the way, and how she built an edge in the industry by combining linguistic, analytical, and accounting skills.

Gul opens up about dealing with rejection, breaking into the industry without a finance degree, and why authenticity and personal branding matter more than ever.

(00:00) Gul's Journey: From Languages to Finance

(07:22) Navigating Career Challenges and Self-Discovery

(16:56) Finding Your Edge in Investment Management

(23:50) The Role of a Portfolio Manager

(28:34) Personal Branding and Authenticity in Finance

(37:46) Diversity and Inclusion in Asset Management

(45:45) Exploring Non-Traditional Paths into Finance

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

From Shell eyeing BP in a historic mega-merger to 3G Capital’s surprise $9.4bn move on Skechers, Anthony and Stephen break down the M&A headlines driving markets this week.

They also unpack Sunoco’s $9.1bn cross-border play for Canada’s Parkland and explain what a “fairness opinion” really means.

Essential insight for anyone interested in deals, strategy, and what real money is doing in volatile times.

(00:00) Intro & Topics on the Table

(02:41) Mega M&A Deal: Shell and BP

(24:20) Skechers Acquisition by 3G Capital

(32:40) Sunoco's Acquisition of Parkland

(36:00) Understanding Fairness Opinions in M&A

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

The Fed kept rates on hold - no surprise there. But in this episode, Anthony and Piers dig into the real story: the subtle shifts in language, the rising risk of stagflation, and how Trump’s tariff war is clouding the economic outlook.

They break down why traders hang on Powell’s every word, how markets react before policy changes, and what conflicting data says about where the US economy is headed. Whether you're trying to make sense of monetary policy or sharpen your market instincts, this is the episode that connects the dots, minus the jargon, with all the context.

(00:00) Understanding the FOMC Announcement

(02:47) Monetary Policy's Impact on Markets

(05:52) Decoding Economic Data and Fed's Challenges

(08:33) Powell Fires Back at Trump

(11:32) Unpacking Changes in the Fed's Statement

(16:14) Market Reactions and Future Expectations

(18:48) Tariffs, Negotiations, and Market Sentiment

(21:10) Interest Rate Futures and Market Predictions

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

Meta is back in the crosshairs of the FTC. Could Zuckerberg really be forced to spin off Instagram or WhatsApp?

We explore the legal showdown, what it means for antitrust enforcement in big tech, and the potential ripple effects for future M&A deals in Silicon Valley.

Then, we head to the UK where private equity giant KKR is circling Thames Water with a potential £4 billion investment. It’s a classic case of distressed infrastructure meets sharp-elbowed private capital.

Tune in for a breakdown of the business models, political implications, and what these deals say about the future of competition and capitalism.

(00:00) Introduction and Overview of M&A Topics

(02:44) Meta's Antitrust Battle and Business Model Critique

(10:30) FTC's Antitrust Case Against Meta

(17:44) Implications of Antitrust Case for Big Tech

(25:46) KKR's Acquisition of Thames Water

(32:25) Private Equity vs. Nationalization of Utilities

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

Anthony and Piers break down the latest U.S. GDP figures that sent headlines into a frenzy, but is the economy really on the brink of recession?

This episode dives into the mechanics behind the data, why imports distorted the numbers, and what it really means for the Fed, markets, and your investment outlook.

Clear, no-nonsense insight that cuts through the headlines.

(00:00) Introduction and Economic Context

(02:09) Understanding GDP and Its Implications

(06:30) Consumer Sentiment and Economic Resilience

(12:34) Market Reactions and Future Projections

(19:06) Conclusion and Key Takeaways

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