Political Analyst, Heteronomics

Alastair Newton

Political Analyst

Heteronomics

Heteronomics represents a different kind of economics. We believe analysis should delve into the details of what is really going on, rather than using overly simplistic assumptions to quick-sell stories. Independence from myopic institutional pressures allows us to focus on the realities underlying your asset allocation decisions, without the conflicts of the old market structures. Heteronomics targets the themes driving UK asset prices, offering the benefits of depth, independence and ultimately price.

UK-centric macro research

Macroeconomics

<ul><li>The announcement of individual reciprocal tariff rates for US trading patterns on 2 April is a significant event for investors.</li><li>This announcement is part of a drive to re-industrialise America.</li><li>Despite its significance, this could merely represent the initial stages of a prolonged trade war.</li></ul>

The announcement of individual reciprocal tariff rates for US trading patterns on 2 April is a significant event for investors.This announcement is part of a drive to re-industrialise America.Despite its significance, this could merely represent the initial stages of a prolonged trade war.

Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Equity Bottom-Up

LSL Property Services PLC / Equity Bottom-Up

LSL Property Services PLC provides residential property services. The Company's services include real estate brokerage services, financial services, and surveying.

LSL Property Services (LSL) has published its preliminary results for the year ended December 2024. On a like-for-like basis these show strong growth in revenue and earnings, reflecting the success of the strategic transformation of the group over the past two years. This has created a simpler group structure, with structurally higher margins, better able to deliver more consistent performance across market cycles. The company expects to deliver further earnings growth in the current year.

LSL Property Services (LSL) has published its preliminary results for the year ended December 2024. On a like-for-like basis these show strong growth in revenue and earnings, reflecting the success of the strategic transformation of the group over the past two years. This has created a simpler group structure, with structurally higher margins, better able to deliver more consistent performance across market cycles. The company expects to deliver further earnings growth in the current year.

LSL Property Services — Strategic transformation bearing fruit

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Seadrill Ltd. provides offshore deepwater drilling. The Company operates a fleet for operations in shallow to ultra-deepwater areas in harsh and benign environments. Seadrill's fleet includes semi-submersible rigs, deepwater drillships, jack-ups, semi-tender rigs, and tender rigs.

<ul><li>Transocean's latest financial results showcase a complex landscape with mixed implications that investors should consider carefully.</li><li>For the fourth quarter of 2024, Transocean reported adjusted EBITDA of $323 million from $952 million in contract drilling revenues, reflecting an EBITDA margin of approximately 34%.</li><li>For the full year, the company achieved adjusted EBITDA of $1.15 billion on $3.5 billion in revenues, with a slightly lower margin of 33%.</li></ul>

Transocean's latest financial results showcase a complex landscape with mixed implications that investors should consider carefully.For the fourth quarter of 2024, Transocean reported adjusted EBITDA of $323 million from $952 million in contract drilling revenues, reflecting an EBITDA margin of approximately 34%.For the full year, the company achieved adjusted EBITDA of $1.15 billion on $3.5 billion in revenues, with a slightly lower margin of 33%.

Seadrill Ltd - Transocean Ltd.: Market Dynamics & Strategic Positioning Fueling Our Positivity!

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

Diageo plc produces, distills, and markets alcoholic beverages. The Company offers a wide range of branded beverages, including vodkas, whiskeys, tequilas, gins, and beer.

<ul><li>Consumer discretionary wallets for alcoholic beverages are less than 2% and affected by economic pressures</li><li>Gen Z is moderating their alcohol consumption but still engaging in zebra striping behavior</li><li>Socializing dynamics are shifting towards more at-home and third space occasions, leading to the rise of RTDs and diverse formats in the industry</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Consumer discretionary wallets for alcoholic beverages are less than 2% and affected by economic pressuresGen Z is moderating their alcohol consumption but still engaging in zebra striping behaviorSocializing dynamics are shifting towards more at-home and third space occasions, leading to the rise of RTDs and diverse formats in the industryThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Diageo CEO: Shifting Drinking Trends, Brand Innovation, and Cultural Change

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul><li>Greetings from Copenhagen, and welcome back to our weekly editorial on everything macro and markets.</li><li>The tariff headlines are back in a more digestive fashion as the broad tariff scare seen over the past couple of weeks have been more or less cooled down by US officials late last week and over the weekend, which is very benign news for a market who feared that tariffs would hit right around everyone around the globe, which is the reason why businesses, households and consumers have changed behaviour and delivered a US growth scare over the past month – and it will likely continue going into April as trends currently persist rather than turn.</li><li>The tariff campaign will hence be a lot more targeted than previously communicated, which is probably what most people expected initially (until Trump went rogue), with the reciprocal part of the tariffs being a race to the bottom and vice versa – which evidently looks to be the case now.</li></ul>

Greetings from Copenhagen, and welcome back to our weekly editorial on everything macro and markets.The tariff headlines are back in a more digestive fashion as the broad tariff scare seen over the past couple of weeks have been more or less cooled down by US officials late last week and over the weekend, which is very benign news for a market who feared that tariffs would hit right around everyone around the globe, which is the reason why businesses, households and consumers have changed behaviour and delivered a US growth scare over the past month – and it will likely continue going into April as trends currently persist rather than turn.The tariff campaign will hence be a lot more targeted than previously communicated, which is probably what most people expected initially (until Trump went rogue), with the reciprocal part of the tariffs being a race to the bottom and vice versa – which evidently looks to be the case now.

Steno Signals #190 – Is Europe and China still the havens in macro? Not so fast..

United Kingdom
Insights on United Kingdom

US Tariffs: No Fooling!

The announcement of individual reciprocal tariff rates for US trading patterns on 2 April is a significant event for investors. This announcement...

Alastair Newton

LSL Property Services — Strategic transformation bearing fruit

LSL Property Services (LSL) has published its preliminary results for the year ended December 2024. On a like-for-like basis these show strong...

Edison Investment Research

Seadrill Ltd - Transocean Ltd.: Market Dynamics & Strategic Positioning Fueling Our Positivity!

Transocean's latest financial results showcase a complex landscape with mixed implications that investors should consider carefully. For the...

Baptista Research

Diageo CEO: Shifting Drinking Trends, Brand Innovation, and Cultural Change

The consumer discretionary industry, facing challenges due to economic pressures and inflation, is resilient and expected to rebound, with Gen Z...

In Good Company with Nicolai Tangen

Steno Signals #190 – Is Europe and China still the havens in macro? Not so fast..

Greetings from Copenhagen, and welcome back to our weekly editorial on everything macro and markets. The tariff headlines are back in a more...

Steno Research