Imperium Capital Publication

Global Matters Weekly – 18 July 2022

Outrunning dinosaurs with artificial intelligence

by Lorenzo La Posta, CFA

— We need to operate closer to the frontiers of where technology is going.

I am a Millennial, born in the early 90s, which makes me probably one of the last generations to have experienced life before digitalisation took over. Maybe I was too young to be afraid of the millennium bug, but as a kid, using the internet meant monopolising my home’s landline.

Digital technologies, once a premium item for few, are today embedded in all aspects of our lives and have brought significant changes and improvements to the way we live and operate.


Market Snapshot

  • Global equities fell 1.3% last week
  • Following his visit to Saudi Arabia, US President Joe Biden announced Saudi Arabia was ‘committed to support global oil market balancing’
  • Brent crude fell 5.5% over the week to $101.16 a barrel
  • Gold fell 2.0% to $1708.17 per ounce.

Global Matters Weekly – 4 July 2022

Buy Now, Paid Lots

by Matt Connor

— High-yielding and undervalued companies may provide investors with attractive returns.

Over recent years, the acronym ‘BNPL’ has dominated headlines due to the stratospheric rise of companies such as Klarna and Clearpay offering consumers a modern spin on a type of credit that was made popular in the twentieth century, instalment plans. Headlines associated with Buy Now, Pay Later have overwhelmingly been negative as regulators look to crack down on loose lending amid the cost-of-living crisis.

In this week’s Global Matters Weekly we focus on ‘BNPL’ stocks; high dividend-yielding companies within our UK Equity portfolio that you can Buy Now, (and be) Paid Lots.


Market Snapshot

  • Global equities fell 2.2% last week
  • G7 ministers have reportedly agreed to explore imposing a cap on Russian gas and oil exports in the hope that it will help cushion the impact of higher energy prices on western economies
  • Brent crude fell 1.3% over the week to $111.6 a barrel
  • Gold fell 0.8% to $1811.4 per ounce.

Global Matters Weekly – 11 July 2022

Inflation Licked Bonds

by Alex Harvey, CFA

— When it comes to inflation though, postage costs are probably not front and centre of people’s minds.

Before the 4th of April this year, it cost 85 pence to send a letter first class in the UK. After that date you have needed to stick another 10 pence stamp onto your letter to maintain its first-class status. But if you had a ‘1st’ class stamp knocking about in a drawer, it effectively increased in value by an inflation busting 11.7% this year (and 11.8% the year before that).

When it comes to inflation though, postage costs are probably not front and centre of people’s minds.


Market Snapshot

  • Global equities returned 1.7% last week
  • Slightly improving labour and production data saw most equity markets rise
  • Brent crude fell by 6.3% to $104.7 a barrel
  • Gold fell by 3.8% to $1742.7 per ounce.