Inflation is here and so interest and other costs will rise, which means that margins will be squeezed. Less of each dollar of revenue will go to shareholders, making returns harder … Read More
Estimated dollar content of silicon in the car as at 2030. Note: BOM = bill of materials – i.e. cost of goods sold Source: McKinsey, Intel Semiconductors sell off The semiconductor pull-back … Read More
The Growth/Value dichotomy have been in train for most of the year to date, with investors of both persuasions wondering whether the price of growth companies has largely been captured with value companies yet to fully reflect the ‘re-opening trade’ as vaccinations increase, borders reopen selectively and airline bookings pick up.