🛀 Tesco cleans up

Tesco leaves yesteryear behind | Energy this, energy that | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for October 7th in 3:13 minutes. 💼 There’s more to WFH than doing your laundry during meetings, don’t you know. Join Transformify’s CEO Lilia Stoyanov for [The Future Of Remote Working Trends]( on Thursday, and find out how investing in home-working can work for you. [Get your free ticket]( Today's big stories - UK grocery giant Tesco reported better-than-expected earnings - Our analyst has looked into what the world's richest family is investing in, and whether you should be too – [Read Now]( - European natural gas prices surged yet again Unfinished Business [Unfinished Business] What’s Going On Here? Tesco [reported]( strong half-year earnings on Wednesday morning, as the UK’s biggest grocery chain finally put down the cleaning supplies and got back to doing what it does best. What Does This Mean? Grocery chains outdid themselves last year, primarily because their stores were some of the few that stayed open when the world flipped upside down. But things are only getting better for Tesco: the company’s revenue for the first half of this year came in 1% higher than the same period in 2020. That might not sound like much, but the first six months of last year – which saw a boom in sales as shoppers stockpiled toilet paper – was always going to be tough to beat. Tesco reckons it can keep this momentum going too: it upped its profit outlook for the rest of the year, and investors sent its stock up 6%. Why Should I Care? The bigger picture: Tesco’s saving on soap suds. Rising costs are nothing new for companies these days, but Tesco is especially at risk: Britain’s grocery market is so competitive that passing those costs on to customers in the form of higher prices might encourage them to switch to a cheaper rival. Still, at least the expenses that came with the pandemic – not least all those cleaning bills – are tapering off, and Tesco just said it thinks it can cut another $1.3 billion in costs over the next three years. For markets: PE firms want to take grocers to the checkout. Private equity (PE) firms have [agreed]( to buy two of Tesco’s biggest rivals – Asda and Morrisons – this year, and Tesco’s worried it might be next on the menu. That might be why it just announced it’ll start buying $680 million worth of its own stock this month ([tweet this](). That’ll reduce the number of shares available and push their price up, which should put off any PE firms in the market for a bargain. You might also like: [How to profit from the best retailers out there.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Unfinished Business&utm_campaign=daily-global-07-10-2021&utm_source=email) Analyst Take Here’s What The World’s Richest Family Is Investing In. Should You Be Too? [Here’s What The World’s Richest Family Is Investing In. Should You Be Too?] [Photo of Carl Hazeley] Carl Hazeley, Analyst What’s Going On Here? Chances are, you’re not a member of [the world’s richest family](. But you don’t need to be a Walton of Walmart fame – and worth a jaw-dropping $238 billion alongside your brothers and sisters – to know [how they’re investing](. (And given the value of their investments rose from $3.8 billion at the end of last year to [$5 billion]( at the end of June, you do want to know how they’re investing.) Because last week, they [shared]( exactly that. So that’s today’s Insight: [what the world’s richest family is investing in and why](, and whether you should follow suit. [Read or listen to the Insight here]( SPONSORED BY MINTED An oldy but a goody [Gold]( is a classic investment, and it’s a classic for very good reason. This [“safe haven” investment]( has protected investors’ money from stock market crashes time after time. And given how high stocks are right now, it could be about to do it again. But with the [Minted app](, you can buy, sell, and save physical gold with a tap. Just make a [one-off purchase]( using your credit card, debit card, or other ewallet options, or [set up a savings plan]( from just £30 a month. And once you’ve saved enough for a gold bar, you’ll be able to withdraw or sell your physical gold. Simple as that. It only takes a couple minutes to set up an account: [get started here](. [Get Minted]( Cold Snap [Cold Snap] What’s Going On Here? European natural gas prices [surged]( again on Wednesday, as the region’s government shakes up its strategy for keeping your radiators running this winter. What Does This Mean? Let’s start with the silver lining: demand for energy is so high right now because of Europe’s strong bounceback from last year’s events. But that recovery doesn’t mean much if it’s not allowed to flourish, and the tough competition for a stagnant supply of energy could bring it to a premature end. Countries, after all, are trying to outbid each other to fill their gas storage sites before a nippy winter arrives, which has driven natural gas prices up 60% in the last two days. That rally probably has further to run too: China is [ordering]( state-owned firms to hoard whatever supplies they can get, while Europe is still holding historically low levels of natural gas for this time of year. Why Should I Care? The bigger picture: The EU spends money to make money. The European Union isn’t taking this lying down: it said on Wednesday that it’ll be rolling out tax cuts and support packages to help ease the damage to households and businesses. It’s in its interests to do exactly that, given that some of the region’s more energy-intensive companies have already been forced to roll back operations. German ammonia producer SKW Piesteritz, for example, announced on Tuesday that it’ll be cutting production by 20%. That matters: ammonia’s an essential ingredient in fertilizer, and higher crop-growing costs are bound to make their mark on your weekly shop. For markets: Bail on bonds. Rising energy costs tend to lead to higher inflation, so investors are getting pretty antsy right about now: bonds tend to perform poorly when prices are on the rise, since the fixed returns they offer become worth less. That explains why investors [sold]( off 10-year UK government bonds on Wednesday, sending yields – which rise when prices fall – to a two-year high. You might also like: [This energy crisis might not be a blip. Here’s how to profit in the long term.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Cold Snap&utm_campaign=daily-global-07-10-2021&utm_source=email) 💬 Quote of the day “Our deeds determine us, as much as we determine our deeds.” – George Eliot (an English novelist, poet, journalist, and translator) [Tweet this]( SPONSORED BY BITRUE Earn interest while you HODL There are more ways to earn on your crypto than by HODLing. If you want to maximize your interest payments, look no further than [Bitrue](. You’ll be able to [earn up to 16% interest]( on a variety of coins – more than 60 of them, in fact. So rather than just waiting for your crypto to grow, you’ll earn passive income every day. 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Thanks for that. 🌎 Finimize Live 🧐 The trend that launched 1000 thinkpieces The world is trickling back into the office, but as any Wired article from the last eighteen months will tell you, working from home is here to stay. 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