🇬🇧 Britain’s buyback bonanza

Tesla reported record deliveries in China | UK firms look set to by back more shares than ever | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for October 11th in 3:13 minutes. 💰 Plenty of billionaires have made a chunk of cash through value investing, but their traditional tips just don’t work on today’s young, hip tech stocks. So join author Adam Seessel for [How To Invest Like Warren Buffett]( on Wednesday, and find out how to give their old-school tricks a modern-day twist. [Get your free ticket here]( Today's big stories - Tesla delivered a record number of cars in China last month - Here’s how you can invest like a $10-trillion asset manager – [Read Now]( - British firms are treating investors by repurchasing heaps of shares Tesla Motors Ahead In China [Tesla Motors Ahead In China] What’s Going On Here? Data out over the weekend [showed]( that Tesla delivered a record number of cars in China last month. What Does This Mean? Musk might've been licking his wounds after last quarter’s [disappointing]( global deliveries report, but delivering a record 83,000 EVs in the world’s biggest auto market last month might turn his frown upside down. That’s not to say the bumper showing has come as a complete bolt from the blue: there were a couple of key catalysts at play. For one, Tesla’s factory in Shanghai was recently upgraded, boosting the number of cars it can produce each week by 30%. And for another, the company started wooing Chinese customers with insurance incentives in September, which have appealed to drivers who were already sick of rising fuel costs. Why Should I Care? The bigger picture: You win some, you lose some. Tesla might be making strides in China, but its competitors are doing their damnedest to edge into the firm’s other strongholds. BYD – the world’s third most valuable car company after Toyota and Tesla – recently [unveiled]( plans to launch in Europe, an early step in its ambitious global expansion. And Chinese firm Nio wants a slice of that sweet European pie too, [announcing]( last week that – after a year of sales in Norway – it now plans to sell cars throughout the continent. Zooming out: China’s not so hot right now. It’s no surprise that Tesla’s Chinese rivals are looking to expand overseas with the economy in tatters. Data out over the weekend [showed]( that China’s services industry shrank for the first time in four months in September, as the country’s zero-Covid strategy took a toll on consumer spending. And with the current government due to be handed a fresh five-year leadership term this week, it doesn’t look like that policy’s going to change any time soon. You might also like: [What investors are getting wrong about the EV market right now.]( 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=Tesla Motors Ahead In China&utm_campaign=daily-global-11-10-2022&utm_source=email) Analyst Take Where BlackRock Sees Light Through All The Dark Clouds [Where BlackRock Sees Light Through All The Dark Clouds]( By Jonathan Hobbs, Analyst I’m going to [save you some time]( this week. [BlackRock](, the world’s biggest investment house with nearly $10 trillion in assets under management, just completed its [global outlook report]( for the fourth quarter. Those pages lay out where the firm sees [the economy and markets]( headed next, and where it’s [putting its clients’ money now](. I’ve carefully read over the slide deck (twice) so you don’t have to, and I’ve made a note of [everything you need to know about it](. That’s today’s Insight: [here’s how BlackRock is investing now](. [Read or listen to the Insight here]( SPONSORED BY DIGITAL CURRENCY SUMMIT Meet the crypto-trading pros Crypto’s volatility means the right or wrong investment could make or break your portfolio. Best be sure it makes it, then: join top digital experts at the [Digital Currency Summit]( for free, and you’ll walk away with a wealth of knowledge. And hey, maybe even some plain old wealth too. You’ll find out [how hedge fund managers perfectly time their trades](, and hear nearly 30 world-renowned experts share their own strategies – including [which coins they’re backing](. Plus, you’ll discover some handy tips for investing in crypto on a budget, so you can make some [hefty returns]( without making a hefty deposit. Even better, you can do it all from your couch. [Join this month’s Digital Currency Summit for free](. [Find Out More]( The UK Shows Some Self-Love [The UK Shows Some Self-Love] What’s Going On Here? Projections out on Monday show British firms are set to spend a [record]( amount on share buybacks this year. What Does This Mean? Everyday Brits might be cutting back their spending, but the country’s biggest businesses sure aren’t. In fact, finance chiefs of companies in the FTSE 100 – an index tracking the UK’s biggest firms – are set to spend a record £51 billion ($57 billion) on [share buybacks]( this year ([tweet this](), which would reduce the supply of shares and, in turn, mean remaining shareholders would each claim a bigger chunk of any profit. After all, they have plenty of cash to play with: the UK’s biggest companies are multinational firms that make a heap of money overseas, and today’s weaker-than-usual pound means foreign profit is worth more when converted back to home currency. Add lower share prices into the mix, and that might be why high-flying execs believe it’s high time to pay some of that bounty back to shareholders. Why Should I Care? Zooming in: Let’s get cynical.Businesses use their spare cash to reinvest internally, buy other firms, or pay shareholders back. Many executives claim that buybacks – one way to return shareholders’ cash – are a vote of confidence, indicating that shares are going for a bargain. But cynics might argue that buybacks are a last resort, and could be a negative long-term signal that a firm’s management has failed to find any growth-fuelling opportunities. The bigger picture: How the other half live. British companies gorging on buybacks is a sure sign that they have bucketloads of cash on hand. But you haven’t slipped into an alternate dimension, the country’s economy is still in a tight spot. See, what’s good for business isn’t always good for the country as a whole: while a weaker pound might make companies’ overseas profit look heftier, it diminishes consumers’ spending power on imported goods. Plus, pumped-up commodity prices mean the biggest energy companies rake it in while everyday folk struggle to fill their tanks. You might also like: [Goldman thinks European stocks are harboring a secret weapon.]( 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=The UK Shows Some Self-Love&utm_campaign=daily-global-11-10-2022&utm_source=email) 💬 Quote of the day “There is no shortage of good days. It is good lives that are hard to come by.” – Annie Dillard (an American writer) [Tweet this]( SPONSORED BY UNSTOPPABLE PROSPERITY Wall Street’s best-kept secrets Wall Street traders know all the tricks of the trade – literally, it’s their bread and butter. So here’s a treat: Charles Payne – a renowned Wall Street analyst – is sharing his best-kept secrets at the free [Power Of Options]( event. Uh, maybe that makes them worst-kept secrets then. You’ll find out how to hedge your portfolio against massive market downturns, reduce your amount of risk without hurting your returns, and [discover professional trading strategies](. You’ll even find out how to turn the stocks you already own into a consistent cash flow without selling a single share – a handy trick in this economy. [Unlock the strategies that Wall Street analysts actually use for free](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar - Teds, punks, and rockabillies. 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