Playing FTSE ASML, Ashtead, Wise & Lots of UK Changes Coming!
What does Trading212’s AI think both Steves are missing from their portfolios? Find out on this week’s PlayingFTSE Show!
It’s been a volatile week in the stock market with a lot of big ups and downs. And the Steves have had differing results this time out.
Rachel Reeves delivered her Mansion House speech this week and it caught Steve W’s attention. In particular, the Leeds Reforms are looking to get the UK stock market moving.
Overall, more people considering Stocks and Shares ISAs would seem to be a win-win-win. But there’s a big question about what the education around this is going to look like…
Ashtead Technology shares have fallen sharply and it’s not hard to see why. A difficult market for subsea rental equipment has resulted in sales going backwards.
The bottom line, though, is holding up well and there’s a strong management team in place that’s been there since the start. Is that enough to put the stock on Steve’s buy list?
Wise’s latest trading update was a mixed bag, with revenues up 14% (adjusting for currency fluctuations). But the stock market didn’t love it and the shares fell as a result.
The growth was short of expectations and interest income grew faster than transaction revenues. But with where the company could be, the stock looks attractive to Steve W.
Shares in ASML fell this week after the company failed to confirm growth for 2026. But the overall results were more than reasonable.
A strong order book also indicates a good position for the medium term. Steve D owns the stock in his portfolio, but it’s already a large position – is there scope to buy more?
Only on this week’s PlayingFTSE Podcast!
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► Timestamps:
0:00 INTRO & OUR WEEKS
10:21 MANSION HOUSE SPEECH
28:50 ASHTEAD TECH
40:38 WISE
53:28 ASML
► Show Notes:
What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy
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This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.