Latest news with #TomSlater
Sky News AU
2 days ago
- Politics
- Sky News AU
‘Victim blaming': Man convicted by UK court for protesting against Islam
Spiked Online Editor Tom Slater discusses an asylum seeker in the UK burning a Quran. 50-year-old asylum seeker Hamit Coskun was convicted by a UK court of a racially aggravated public order offence after burning a Quran outside the Turkish consulate. Mr Slater told Sky News Australia that the judge in the case was 'victim blaming' against Hamit Coskun. Mr Coskun is now in hiding after Metropolitan Police warned of a terrorist threat against him.
Daily Mail
27-05-2025
- Business
- Daily Mail
Scottish Mortgage backs growth as tariffs rock markets
Investment trust Scottish Mortgage says its commitment to finding long-term, growth from disruptive companies should pay off as Donald Trump rattles stock markets. Few companies will be unaffected by changes in the global trading status quo, Scottish Mortgage says, warning the US administration is 'accelerating that moment of reckoning [for the US and global economies]'. Tom Slater (pictured), the trust's investment manager, said: 'Equity markets offer no hiding places in such a landscape. Our task as investors is to seek out businesses with the adaptability to recalibrate and the cultural foundations to withstand disruption.' In spite of global volatility and fragile confidence, the trust said its holdings have performed well, delivering 'quietly impressive operational results'. Revealing its annual results this week, Scottish Mortgage delivered a net asset value return of 11.2 per cent for the year ended 31 March. During the period, the firm's share price return was 6 per cent, beating the FTSE All-World Index's 5.5 per cent return. The results, released on Thursday, do not account for the weeks that have followed Trump's tariff 'liberation day'. After taking a steep tumble after the announcement, Scottish Mortgage shares have since clawed back all the ground lost and are up 4.7 per cent on their 2 April level. Slater said: 'Just after our financial year end, the United States announced sweeping new tariffs on several of its key trading partners. The reaction from markets was immediate and severe. He added: 'We are cautious about leaping to conclusions, but we do not view these developments as transitory. The underlying imbalances in the US and global economy whether in trade, debt accumulation, inequality or political cohesion are increasingly unsustainable.' The trust said its discount to NAV had widened to 9 per cent form a previous 4.5 per cent in the financial year just ended, however it says this is in line with the investment trust sector average of 9.1 per cent. During the year, the trust deployed £132m of new capital in private companies - up from £109.4m during the previous 12 months. Scottish Mortgage said its most promising holdings share a capacity to absorb shocks and 'reorient without losing momentum'. Amazon, its says, is now reaping the benefits of its investment into fulfilment, while Shopify has refocused towards enabling merchants by offloading its logistics infrastructure. Slater said: 'In a world that is becoming more fragmented, more protectionist, and more unpredictable, this kind of organisational flexibility will matter more than ever.' The trust has also been reorienting itself, shifting its AI holdings to target businesses that can benefit from the adoption of AI technology. Slater said: 'Few developments this year were more consequential than the rise of generative AI… AI is not a distant promise. It is driving real operational leverage today.' Scottish Mortgage has decided to cut its holding in Nvidia 'significantly', which was its largest investment at the beginning of the financial year. 'This does not reflect diminished respect for the company. It reflects our long-held discipline: we seek asymmetric outcomes. And at the prevailing valuations, the risk/reward looked more balanced than we prefer,' Slater added. Instead, the trust has added to firms it thinks will benefit from adopting AI into their current operations. It said both Spotify and Meta were large contributors to its returns over the past year, with the latter having embedded AI further into its business model. 'It has many opportunities to drive its revenue growth today using this technology. Last year the company noted an 8 per cent increase in time spent on Facebook as a result of AI driven content recommendations to its users,' Slater said. The trust also invested into chipmaker TSMC. It said: 'compute demand will remain structurally strong as AI moves from the training phase to deployment at scale.'
Daily Mail
25-05-2025
- Business
- Daily Mail
Scottish Mortgage backs growth and warns of no hiding places as Trump's tariffs rattle investors
Investment trust Scottish Mortgage says its commitment to finding long-term, growth from disruptive companies should pay off as Donald Trump rattles stock markets. Few companies will be unaffected by changes in the global trading status quo, Scottish Mortgage says, warning the US administration is 'accelerating that moment of reckoning [for the US and global economies]'. Tom Slater, the trust's investment manager, said: 'Equity markets offer no hiding places in such a landscape. Our task as investors is to seek out businesses with the adaptability to recalibrate and the cultural foundations to withstand disruption.' In spite of global volatility and fragile confidence, the trust said its holdings have performed well, delivering 'quietly impressive operational results'. Revealing its annual results this week, Scottish Mortgage delivered a net asset value return of 11.2 per cent for the year ended 31 March. During the period, the firm's share price return was 6 per cent, beating the FTSE All-World Index's 5.5 per cent return. The results, released on Thursday, do not account for the weeks that have followed Trump's tariff 'liberation day'. After taking a steep tumble after the announcement, Scottish Mortgage shares have since clawed back all the ground lost and are up 4.7 per cent on their 2 April level. Slater said: 'Just after our financial year end, the United States announced sweeping new tariffs on several of its key trading partners. The reaction from markets was immediate and severe. He added: 'We are cautious about leaping to conclusions, but we do not view these developments as transitory. 'The underlying imbalances in the US and global economy whether in trade, debt accumulation, inequality or political cohesion are increasingly unsustainable.' The trust said its discount to NAV had widened to 9 per cent form a previous 4.5 per cent in the financial year just ended, however it says this is in line with the investment trust sector average of 9.1 per cent. During the year, the trust deployed £132m of new capital in private companies - up from £109.4m during the previous 12 months. Scottish Mortgage said its most promising holdings share a capacity to absorb shocks and 'reorient without losing momentum'. Amazon, its says, is now reaping the benefits of its investment into fulfilment, while Shopify has refocused towards enabling merchants by offloading its logistics infrastructure. Slater said: 'In a world that is becoming more fragmented, more protectionist, and more unpredictable, this kind of organisational flexibility will matter more than ever.' The trust has also been reorienting itself, shifting its AI holdings to target businesses that can benefit from the adoption of AI technology. Slater said: 'Few developments this year were more consequential than the rise of generative AI… AI is not a distant promise. It is driving real operational leverage today.' Scottish Mortgage has decided to cut its holding in Nvidia 'significantly', which was its largest investment at the beginning of the financial year. 'This does not reflect diminished respect for the company. It reflects our long-held discipline: we seek asymmetric outcomes. And at the prevailing valuations, the risk/reward looked more balanced than we prefer,' Slater added. Instead, the trust has added to firms it thinks will benefit from adopting AI into their current operations. It said both Spotify and Meta were large contributors to its returns over the past year, with the latter having embedded AI further into its business model. 'It has many opportunities to drive its revenue growth today using this technology. Last year the company noted an 8 per cent increase in time spent on Facebook as a result of AI driven content recommendations to its users,' Slater said. The trust also invested into chipmaker TSMC. It said: 'compute demand will remain structurally strong as AI moves from the training phase to deployment at scale.' Compare the best DIY investing platforms Investing online is simple, cheap and can be done from your computer, tablet or phone at a time and place that suits you. When it comes to choosing a DIY investing platform, stocks & shares Isa, self invested personal pension, or a general investing account, the range of options might seem overwhelming. > This is Money's full guide to the best investing platforms Every provider has a slightly different offering, charging more or less for trading or holding shares and giving access to a different range of stocks, funds and investment trusts. 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Pembrokeshire Herald
08-05-2025
- Sport
- Pembrokeshire Herald
St Davids lifeboat tows stricken trawler to safety
THE GLEN BAR and Restaurant in Haverfordwest has continued its amazing fundraising for the Wales Air Ambulance by raising over £1,200. As the chosen charity for Glen Bar and Restaurant in total they have now raised £5,000 for the lifesaving cause. The venue held a hugely popular evening with Welsh International prop Rob Evans and British and Irish Lions hooker Ken Owens. The Wales Air Ambulance Charity relies on public donations to raise the £11.2 million required every year to keep its helicopters in the air and rapid response vehicles on the road. Around 55 people attended the successful evening, which saw a charity auction held for a grand slam rugby jersey. Landlord Tom Slater, who is a current player for Narberth RFC, said: 'It was a really good evening and everyone enjoyed. The players talked about their careers, and we held an auction. I'd like to thank everyone for supporting our Wales Air Ambulance fundraising events. 'I just do my best to help out and raise funds for the Charity. I live on a farm and we're very rural and you never know if you, or someone you know, will need the Wales Air Ambulance's help. 'It's an essential service and I know people whose lives have been saved by the Wales Air Ambulance.' The Wales Air Ambulance is consultant-led, taking hospital-standard treatments to the patient and if required, transferring them directly to the most appropriate hospital for their illness or injury. It is delivered via a unique third sector and public sector partnership. The Emergency Medical Retrieval and Transfer Service (EMRTS) supplies highly skilled NHS consultants and critical care practitioners who work on board the Charity's vehicles. This advanced critical care includes the ability to administer anaesthesia, deliver blood transfusions and conduct minor operations, all at the scene of an incident. As a pan-Wales service, its dedicated crews, regardless of where they are based, will travel the length and breadth of the country to deliver emergency lifesaving care. The Glen Bar and Restaurant also held an Easter hamper raffle which raised £200 for the Charity. Mike May, West Wales Regional Fundraising Manager for Wales Air Ambulance, said: 'We are always touched when people or businesses continue to raise funds for our Charity. The Glen has supported the Wales Air Ambulance for many years, this year they raised an incredible £1,234 which will help us to meet our yearly fundraising target of £11.2 million. In total they've raised £5,000 which is amazing. 'We really appreciate the effort those at The Glen put into making their fundraising a huge success. I was delighted to meet Tom and hear about their support of our Charity. Thank you so much everyone. Fundraisers, like these ones, will help us continue to be there for the people of Wales 24/7.' Pictured: Cheque presentation: Landlord Tom Slater with Mike May from the Wales Air Ambulance (Pic: Wales Air Ambulance)
Pembrokeshire Herald
08-05-2025
- Sport
- Pembrokeshire Herald
The Glen in Haverfordwest continues its support of lifesaving service
THE GLEN BAR and Restaurant in Haverfordwest has continued its amazing fundraising for the Wales Air Ambulance by raising over £1,200. As the chosen charity for Glen Bar and Restaurant in total they have now raised £5,000 for the lifesaving cause. The venue held a hugely popular evening with Welsh International prop Rob Evans and British and Irish Lions hooker Ken Owens. The Wales Air Ambulance Charity relies on public donations to raise the £11.2 million required every year to keep its helicopters in the air and rapid response vehicles on the road. Around 55 people attended the successful evening, which saw a charity auction held for a grand slam rugby jersey. Landlord Tom Slater, who is a current player for Narberth RFC, said: 'It was a really good evening and everyone enjoyed. The players talked about their careers, and we held an auction. I'd like to thank everyone for supporting our Wales Air Ambulance fundraising events. 'I just do my best to help out and raise funds for the Charity. I live on a farm and we're very rural and you never know if you, or someone you know, will need the Wales Air Ambulance's help. 'It's an essential service and I know people whose lives have been saved by the Wales Air Ambulance.' The Wales Air Ambulance is consultant-led, taking hospital-standard treatments to the patient and if required, transferring them directly to the most appropriate hospital for their illness or injury. It is delivered via a unique third sector and public sector partnership. The Emergency Medical Retrieval and Transfer Service (EMRTS) supplies highly skilled NHS consultants and critical care practitioners who work on board the Charity's vehicles. This advanced critical care includes the ability to administer anaesthesia, deliver blood transfusions and conduct minor operations, all at the scene of an incident. As a pan-Wales service, its dedicated crews, regardless of where they are based, will travel the length and breadth of the country to deliver emergency lifesaving care. The Glen Bar and Restaurant also held an Easter hamper raffle which raised £200 for the Charity. Mike May, West Wales Regional Fundraising Manager for Wales Air Ambulance, said: 'We are always touched when people or businesses continue to raise funds for our Charity. The Glen has supported the Wales Air Ambulance for many years, this year they raised an incredible £1,234 which will help us to meet our yearly fundraising target of £11.2 million. In total they've raised £5,000 which is amazing. 'We really appreciate the effort those at The Glen put into making their fundraising a huge success. I was delighted to meet Tom and hear about their support of our Charity. Thank you so much everyone. Fundraisers, like these ones, will help us continue to be there for the people of Wales 24/7.' Pictured: Cheque presentation: Landlord Tom Slater with Mike May from the Wales Air Ambulance (Pic: Wales Air Ambulance)
