Tom Richardson.

Business journalist, markets commentator, Senior Business & Economics Correspondent

[Tom Richardson. @tommyr345]

Russell Brand does mid-trial podcast, due back in court Monday morning

[Russell Brand @rustyrockets]

In this mid trial episode of Sunday Service with The Brands Laura talks about the grace of Mary and walking into court. Russell talks about our sin, temptation, the names of God and is brought to tears by Laura talking about dignity.

[Tom Richardson. @tommyr345]

New Hope snags Malabar Reources for $1.8b per ASX, covered this deal a while back $NHC

[Tom Richardson. @tommyr345]

New Hope isn't denying it might snap up the 80pc of Malabar Resources it doesn't own in what would be $1b + deal, might be movement after Xmas $NHC $WHC $CRN #coaltwitter https://t.co/Q0LUaIzLBg

[Tom Richardson. @tommyr345]

Wall Street analysts are all trained to think the same way, ie falling margins are sell signal / sign a business is under pressure, they can't cognate the longer term thesis that if you have the lowest spreads (margins) eventually you'll take the biggest share, but I'm still surprised about $WISE sell-off, reckon it could be a 5-bagger over 5 years quite easily

[Tom Richardson. @tommyr345]

Russell Brand leaves Southwark court with wife Friday afternoon, Brand charged with 7 offences, including three alleged rapes, at end of the day judge warned everyone to allow plenty of time on Monday as another, separate high-profile case is due to start (Tommy Robinson), so will be busy

[Tom Richardson. @tommyr345]

Case has just adjourned for weekend

[Sky News @SkyNews]

"I pray for everybody involved."

Actor and comedian Russell Brand says his ongoing trial is an 'exploration of truth and justice' ahead of the latest day in court.

He denies all charges against him.

Read more updates 🔗 https://t.co/y3LKPMrzqp

📺 Sky 501, Virgin 602

[Tom Richardson. @tommyr345]

Morgan Stanley says AI capex to reach $1.6t in 2027, drive 25pc sales growth on S&P500 & account for 78pc of profit growth - "We map hyperscaler and neocloud cash and lease capex to
single-stock revenue. Our new lease capex estimates increase total AI investment by $195bn to $1.6tr in 2027. This capex drives
~25% of SPX sales growth next year, and AI enablers/adopters broadly account for 78% of earnings growth"

[Tom Richardson. @tommyr345]

$WISE Q2 results strong, + buyback cut shares on issue 1.7pc since July, something to watch - if AI agents push travellers to cheapest FX provider, this biz potentially wins, v.few compete with it on spreads & fees, risks are KYC, AML. On stablecoins I've seen or heard nothing to a suggest they can be profitable at spreads <40bps, again partly due to the KYC obligations / costs, otherwise crypto is great for laundering money, but this isn't where Wise competes 👍

[Rene Sellmann @ReneSellmann]

$WISE Q2 FY27:
🌍 Cross-border volume +22% to $71.7B
👥 Active customers +20% to 12.5M
🏦 Customer holdings +28% to $43.5B
💰 Net revenue +21% to $739.1M
⚡ 78% of transfers now instant
📈 FY27 growth guided to the upper half of 15–20%

Cutting prices and still growing 20%+.

$WSE

[Tom Richardson. @tommyr345]

Jensen is right, every day I see the UK is bursting with intellectual, artistic energy among young people especially, thanks to its schools & universities, it should be doing great things, the British are also famous for tolerance, liberalism & generosity

So, Jensen $NVDA says don't overthink things, just get it done, even Shakespeare's Hamlet first warned us against overthinking, "there is nothing either good or bad, but thinking makes it so" he warns.

But the problem is we're under the grip of a FAR-LEFT, Islamist aligned, open-borders Labour government, raising taxes, seeking to majorly redistribute wealth from productive workers to welfare seekers- a good start to deliver on Jensen's advice would be to recognise this.

but I worry that a large part of the public and mainstream media in the UK are now so brainwashed they cannot even see this and the obvious reality that the way to make the UK successful again is to unleash its potential via deregulation, attracting overseas talent, investment -- and most obviously recognising and rejecting what is a FAR-LEFT Labour government that is the enemy of wealth creation & prosperity for more people🚨🚨

[Rowland Manthorpe @rowlsmanthorpe]

Jensen Huang has a message for the UK

[Tom Richardson. @tommyr345]

London Falling - quite a good book, although I felt a little overhyped, but hats off to the journo / author he found a good story and basically wrote a giant investigative feature on it that veers into history a little to pad it out. The fact many of the protagonists are still on LinkedIn, shilling crypto, etc, hits home this is a real story. Story also goes from end to beginning back to end, I felt perhaps it could've benefited from going beginning to end at a more thriller style pace, although that may have presented other problems, it's also quite a unique genre as a giant investigative feature & very easy read https://t.co/jrGRAU8YQ7

[Tom Richardson. @tommyr345]

UBS sees Glencore on 10% FCF yield $GLC "We see attractive risk/reward with strong marketing performance, elevated copper, and a better coal outlook. We expect GLEN to trade at a discount to copper peers (815x EV/EBITDA) due to its commodity mix and risk profile, but see valuation as attractive (<5x EV/EBITDA with ~10% FCF)"

[Tom Richardson. @tommyr345]

Firmus fallout ripples across Wall Street as neoclouds sink Wednesday, looks like we're going to get the brainless retail crowd v bond vigilantes 🍿

[Costa del Crime @Costa_del_Crime]

@tommyr345 This 😂

[Tom Richardson. @tommyr345]

Renoir, Bal du Moulin de Galette, in London, first time world famous impressionist painting shown outside Paris, is a smaller version held privately, thought to be in Switzerland, at time of sale for $US78m in 1990 was second most expensive artwork ever sold (~$US250m in today's money)

[Tom Richardson. @tommyr345]

Leysin, Saturday lunchtime in Autumn, man parajumps off a mountain not too far from border with France &amp; Italy, you can also hike down to Leysin village from here at the top of Mt Berneuse

[Joy Morrissey MP @joymorrissey]

The women of Piddington have been ignored for too long by this Government.

Just as the women of Linton on Ouse, Barnham, Crowborough and many other communities have been.

Today I will move a motion in the Hpuse of Commons, along with @CPhilpOfficial, to back women over illegal migrants. To say we should leave the ECHR now, so we can deport these men, not let them roam our streets.

Labour and Lib Dem MPs have a choice to make today. The women of Britain are watching.

[Tom Richardson. @tommyr345]

Has Mr Musk achieved anything he imagined on Tesla $TSLA earnings calls since 2020?

[Fireside Alpha @firesidealpha]

Ron Baron predicts SpaceX will be worth $20 trillion to $50 trillion in 10 years and says Elon Musk thinks that estimate is “way low”

“In 10 years, I think it’s going to be thousands of dollars a share. I think it’ll be worth $20 trillion, $30 trillion, $50 trillion. Elon thinks I’m way low, and it’s now $2 trillion.

“There are good fundamentals, and this is not pulling numbers out of the air. I think Starlink alone, in the next 10 years, is going to be worth somewhere around $14 trillion or $15 trillion, and it’s still at the very early stages of that growth.

“And then the data centers in space—man, that’s unbelievable. You can’t build them on the planet anymore. How large that business is going to be—it’s going to be a multiple of how big Starlink is going to be.

“We can talk about the fundamentals there later, but the idea is that I’m thinking we’re going to make at least 20 or 30 times.”

[Tom Richardson. @tommyr345]

Muse / AI agents could make visiting a website seem an old fashioned thing to do, maybe UX / UI won't matter so much for websites in future, more quality of content

[Thomas Rice @thomasrice_au]

Used Muse to switch my electricity & gas providers this morning.

I gave it my bills, it used a browser to look through various options, then it read through all the T&Cs and filled in the forms.

Probably should have done this a while ago, but it's a much nicer experience with an agent doing it for you!

[Tom Richardson. @tommyr345]

Yarn 🚨 ASX-listed miner in wild battle for control of monster Indonesian #gold deposit with rival Chinese shareholders, Aussie CEO is accusing the Chinese of underhand behaviour as rival factions fight to seize ownership & throw each other off the miner's board at upcoming EGMs $FEG $AVZ

[Joy Morrissey MP @joymorrissey]

The women of Piddington have been ignored by the Government.

So tomorrow I will put their case to a vote in the House of Commons.

It is time for Labour to listen.

[MMT for Progressives @MMTLabour]

@DanielaGabor This was inevitable with the adoption of the Euro. Greece can only earn Euros, it can't issue them. It is reliant on exports but has no competitive manufacturing base - so tourism it is.

Varoufakis blinked first. He should have dropped the Euro and returned to the Drachma.