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Librarian Capital

@librariancapital.bsky.social
28K followers 277 following 10K posts

Investing/stocks. Ex. HF seeking ideas, contacts & capital. I may be long/short names mentioned. @LibrarianCap on Twitter. Also Substack librariancapital.substack.com

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Librarian Capital @librariancapital.bsky.social · 3h
"Shares in spreadbetter IG Group $IGG plunge by a quarter" (FT) "Revenue growth this year would be in a “mid-single-digit per cent range”, down from a May upgrade of between 10 per cent and 15 per cent"
ft.com
Shares in spreadbetter IG Group plunge by a quarter
FTSE 100 group cuts revenue annual forecast just months after upgrading it
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Librarian Capital @librariancapital.bsky.social · 02/10/2026
The cycle continues, HSBC investment bank edition Jan-25: "HSBC to exit M&A and capital markets businesses in UK, Europe and the US" Today: "HSBC hires Cantor's Paras Jain to lead global TMT banking ... as HSBC seeks to ... drive financing tied to the buildout of AI infrastructure in ‌the ⁠US"
cnbc.com
HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.
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Librarian Capital @librariancapital.bsky.social · 01/10/2026
Danger of passive investing: free time "Ex-HSBC banker banned for dodging £5,900 in train fares" "The judge said Molloy had devised “a sophisticated and determined fraud” ... “with considerable planning" "Molloy ... was head of passive equity at HSBC"
ft.com
Ex-HSBC banker banned for dodging £5,900 in train fares
Joseph Molloy was convicted this year of using a ‘doughnutting’ scam to avoid paying for tickets
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Librarian Capital @librariancapital.bsky.social · 01/10/2026
Most abuses of diplomatic immunity involve parking fines* UAE's Khaldoon al-Mubarak ... chairs a UK football club * UAE Embassy also owed ~£27k in parking fines (Oct-24)
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Librarian Capital @librariancapital.bsky.social · 01/10/2026
Greggs $GRG shares after yesterday's 26Q3 update FSA data* shows ~10% of shares out on loan * not necessarily accurate
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Librarian Capital @librariancapital.bsky.social · 30/09/2026
Greggs $GRG 26Q3 update Q3 sales +3.4% LfL GRG-managed shops, +7.7% total YTD sales +2.6% LfL, +7.4% total To close 4 sites, 740 roles ~£20m savings, in 2028-29 FY outlook: Net openings still 100-110 (57 YTD) LfL cost inflation still 2% Now sees "modestly improved outcome"
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Librarian Capital @librariancapital.bsky.social · 27/09/2026
"McDonald’s $MCD Big Mac Inflation Spurs Pushback" "The Economist’s Big Mac Index ... shows the price of the sandwich in the US has risen by ~23%" in 2019-25 "This year’s menu of 10 items under $3 ... ~1/3 of franchisees did not follow pricing guidance"
bloomberg.com
McDonald’s Sell-Off Hits 30% as Big Mac Inflation Spurs Pushback
McDonald’s Corp. faces a key challenge as it fights to reinvigorate a sagging stock price: Winning back the cost-conscious diners who believe its menu has become too expensive.
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Librarian Capital @librariancapital.bsky.social · 27/09/2026
MAHA humiliated "Makary & Kennedy ... raised concerns about flavoured vaping ... Trump strong-armed the FDA into approving ... flavoured vapes" "FDA initially rejected Moderna’s ... mRNA flu vaccine ... Makary was summoned to the White House", "a week later, it reversed itself"
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Reposted by Librarian Capital
Aaron Rupar @atrupar.com · 26/09/2026
Talarico: "Corrupt politicians are profiting off a corrupt war and Texans are literally paying the price ... this war in Iran is a disaster. It is killing Americans, driving up the price of gas and diesel, it is wrecking our moral standing around the world. And it must end."
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Librarian Capital @librariancapital.bsky.social · 26/09/2026
"Intuit: Still in Free Fall After Investor Day" Down 23% in a month and 60% lower than a year ago; trailing P/E now less than 15x $INTU $SGE $HRB $XRO
librariancapital.substack.com
Intuit: Still in Free Fall After Investor Day
Down 23% in a month and 60% lower than a year ago; trailing P/E now less than 15x.
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Librarian Capital @librariancapital.bsky.social · 26/09/2026
Insider trades are not a signal, $META historic edition After the headline "Zuckerberg Sells First Meta Shares in Two Years After 172% Surge" in Dec-23, shares rose by ~90% in the following 12 months In the past decade, he has sold stock every year except 2019 and 2022, per AI
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Librarian Capital @librariancapital.bsky.social · 26/09/2026
"Former portfolio manager" writing in the FT: "Past prophets of performance Armageddon due to climate change ... now blame our impending financial doom on excessive government borrowing" "Climate financial risk remains negligible. Investors have moved on"
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Librarian Capital @librariancapital.bsky.social · 25/09/2026
Microsoft $MSFT shares may be hitting new year-to-date high, but are only ~1% higher than a year ago Trailing P/E, deducting all Other Income (including OpenAI gains), is 30.5x Free Cash Flow Yield is 1.7% Dividend Yield is 0.8% (long MSFT for 10+ years)
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Librarian Capital @librariancapital.bsky.social · 25/09/2026
"Microsoft $MSFT Abandons Personal AI Chatbot Race With Copilot Reboot" (Bloomberg) "Merging consumer and workplace versions of Copilot into 1 product aimed at corporate customers" MSFT's fundamentally bad at D2C stuff (see also Skype, Linkedin, gaming)
bloomberg.com
Microsoft Abandons Personal AI Chatbot Race With Copilot Reboot
Microsoft Corp. is merging the consumer and workplace versions of its Copilot AI assistant into one product aimed at corporate customers, ceding the crowded market for personal chatbots to OpenAI, Alp...
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Librarian Capital @librariancapital.bsky.social · 25/09/2026
"HelloFresh $HFG shares and bonds sank to record lows after (it) struggled to attract enough busy parents to meet its full-year targets" "HelloFresh cut its 2026 revenue growth forecast to a decline of 9-11%, from a previous forecast for a 3-6% drop"
bloomberg.com
HelloFresh Stocks and Bonds Sink as Bid to Attract Parents Falters
HelloFresh SE shares and bonds sank to record lows after the German meal-kit company struggled to attract enough busy parents to meet its full-year targets.
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Librarian Capital @librariancapital.bsky.social · 25/09/2026
"Oracle on the hook to pay data centre investors even if site has no electricity" (FT) $ORCL "has issued a force majeure notice related to the power supply ... (but) is still liable to pay a “carry cost” in lieu of rent payments for up to 3 years"
ft.com
Oracle on the hook to pay data centre investors even if site has no electricity
The tech group is responsible for ‘Project Jupiter’ payments despite force majeure notice on New Mexico project
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Librarian Capital @librariancapital.bsky.social · 25/09/2026
"Subway rival bets hot sandwiches will sell in UK’s ‘cold and rain’" (FT) "Jersey Mike $JMKE is launching an ambitious expansion plan in the UK ... first British outlet in London in November" Subway has 2,000 outlets in the UK $GRG
ft.com
Subway rival bets hot sandwiches will sell in UK’s ‘cold and rain’
US chain Jersey Mike’s embarks on ambitious expansion plan despite struggling hospitality sector
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Librarian Capital @librariancapital.bsky.social · 25/09/2026
"PepsiCo $PEP TO Raise Some Prices After Cuts Failed to Grow Sales" (Bloomberg) "To increase the prices on grocery-store-sized bags of chips, including Doritos and Ruffles ... by a low-to-mid single digit percentage" Also some dips and sodas
bloomberg.com
PepsiCo to Raise Some Prices After Cuts Failed to Grow Sales
PepsiCo Inc. is raising prices on some chips, soda and dips just months after pledging to make its snacks more affordable.
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Librarian Capital @librariancapital.bsky.social · 25/09/2026
"Revolut confirms some Irish customers affected by new ‘3rd party’ data breach" (Irish Independent) Breach at "DriveWealth, the US broker that provides US stock trading services for Revolut customers" FT: "A global bank with effectively zero risk" www.independent.ie/business/tec...
independent.ie
Revolut confirms some Irish customers affected by new ‘third party’ data breach
It’s the second time this month that Ireland’s largest payments service is warning customers of a risk to their personal data
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Librarian Capital @librariancapital.bsky.social · 24/09/2026
"US mortgage rates breach 7% as affordability pressures mount" (FT) "The 30-year fixed interest rate for mortgages rose to 7.03 per cent on Thursday ... reaching heights last seen in January 2025" $HD www.ft.com/content/cabe...
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Librarian Capital @librariancapital.bsky.social · 24/09/2026
$BATS $BTI (British American Tobacco = parent of Reynolds)
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Librarian Capital @librariancapital.bsky.social · 24/09/2026
Ed Zitron making a potentially libelous accusation "Microsoft $MSFT is directly misleading reporters, investors and the general public about its capacity ... warehousing anywhere from $50bn to $100bn in GPUs, and has barely gotten $50bn worth installed in the last four years"
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Reposted by Librarian Capital
Aaron Rupar @atrupar.com · 24/09/2026
watch Trump walking here -- he can't walk in a straight line
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Librarian Capital @librariancapital.bsky.social · 24/09/2026
Vistry $VTY, Adam Patinkin, David Capital, Value
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Librarian Capital @librariancapital.bsky.social · 24/09/2026
"Vistry $VTY vows to simplify business after £83mn first-half loss" (FT) "Pre-tax losses in H1 more than 2x as much as previously warned" "Early impacts of a review of the business, with pricing discounts and accelerated asset sales also playing a role"
ft.com
Vistry vows to simplify business after £83mn first-half loss
UK housebuilder’s shares slide as it cuts profit outlook and scales back growth plans
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Librarian Capital @librariancapital.bsky.social · 24/09/2026
"Private equity has a new kind of SaaS: swimming as a service" "SPS Poolcare and Pool Troopers ... between them bought more than 200 businesses before merging themselves earlier this year" $POOL "fallen over 70% from their peak, incl. a 27 % drop YTD"
ft.com
Private equity has a new kind of SaaS: swimming as a service
There are north of 10mn installed pools in the US and they all need regular cleaning and repair
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Librarian Capital @librariancapital.bsky.social · 24/09/2026
American Express during last Fed tightening (2022-24) Decelerated in Billed Business (+22.8%, +9.1%, +6.3%) and Revenue (+24.7%, +14.5%, +9.0%) Accelerated in Pre-Tax Income and EPS (-1.7%, +13.8%, +19.0%) with op. leverage in non-VCE costs $AXP rose 70%+ P/E from 16x to 22x
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Librarian Capital @librariancapital.bsky.social · 23/09/2026
"Major Move to Speed Authorizations of Vapes, Tobacco Pouches" (WSJ) FDA "will revisit a 2021 rule that outlined requirements for new tobacco applications", "simplifying requirements for scientific studies and speeding review times" $PM $BATS $MO $IMB
wsj.com
Exclusive | U.S. Regulators Plan Major Move to Speed Authorizations of Vapes, Tobacco Pouches
The move comes despite lawmakers voicing concern about recent flavor approvals.
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Librarian Capital @librariancapital.bsky.social · 23/09/2026
"Anthropic and OpenAI release cheaper models as price war intensifies" (FT) (Claude) "Opus 5.5, is roughly 40% cheaper to use than its precursor" "Lower-cost versions of ChatGPT-6 ... Sol and Luna ... 50% cheaper than predecessors in ChatGPT-5.6 slate" $GOOG $MSFT
ft.com
Anthropic and OpenAI release cheaper models as price war intensifies
New Claude and ChatGPT tools slash costs from earlier versions while promising better performance
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Librarian Capital @librariancapital.bsky.social · 23/09/2026
McDonalds $MCD shares down 4.8% after investor day
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Librarian Capital @librariancapital.bsky.social · 23/09/2026
IG Group $IGG's UK & Ireland Stock Trading & Investments* business grew revenues organically by 25% in CY25, but with active customers growing just 1% (26H1 organic revenue growth is similiar at 26%, but customer growth at 28%) * this excludes OTC derivatives, ETF and crypto
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Librarian Capital @librariancapital.bsky.social · 23/09/2026
"‘I am the code’: Trump clashed with ballroom architect over safety issues ... James McCrery II resigned in October after warning that the president was insisting on designs that violated fire and safety codes" (WaPo)
washingtonpost.com
‘I am the code’: Trump clashed with ballroom architect over safety issues
James McCrery II resigned in October after warning that the president was insisting on designs that violated fire and safety codes.
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Librarian Capital @librariancapital.bsky.social · 23/09/2026
FT: "Nscale, the $NVDA-backed AI cloud provider, buried a significant relationship with ByteDance in its pitch to investors, only mentioning the Chinese tech giant in an obscure filing despite its accounting for nearly ¾ of its ($33m) sales last year"
ft.com
Nvidia-backed Nscale buried ByteDance deal in push to $35bn IPO
Chinese tech giant was AI cloud provider’s largest customer last year but is not prominently named in pitch to stock market investors
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Librarian Capital @librariancapital.bsky.social · 23/09/2026
Diageo $DGE replaces CFO Nik Jhangiani with Joanne Wilson Wilson now $WPP CFO, at Tesco in 2006-16, coinciding with Dave Lewis tenure (2014-20), left to be Dunnhumby CFO Tyrion Lannister: "Seeing as you betrayed the last Hand of the King, well, I just wouldn't feel safe with you lurking about"
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Librarian Capital @librariancapital.bsky.social · 22/09/2026
FT: "3 of Britain’s top corruption prosecutors started working for Alejandro Betancourt, the Venezuelan billionaire who recently signed a major oil deal with Trump, when Swiss authorities were seeking his extradition on suspicion of money-laundering"
ft.com
Top UK graft prosecutors joined Trump’s Venezuela oil baron during Swiss probe
Alejandro Betancourt was previously wanted by authorities in Switzerland as part of a money-laundering investigation
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Librarian Capital @librariancapital.bsky.social · 22/09/2026
Whitbread: Corvex "requisitions" EGM "for the purpose of electing ... a Partner at Corvex, to Board" "No preconceived notions and no predetermined agenda", "to act as a long-term owner" Shareholder since 2024 (when $WTB near £30) Economic interest of ~7% (incl. 6.4% in shares)
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Librarian Capital @librariancapital.bsky.social · 22/09/2026
Insurance works because, each year, premiums from people lucky enough not to have claims fund costs of those who do So, kicking people who "never filed a claim" off health insurance will push up the premiums for people who are left
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Librarian Capital @librariancapital.bsky.social · 22/09/2026
Intuit $INTU CMD CEO: "The one thing that's changed ... now we serve accountants as our core customer ... 2 main reasons ... Every accountant is going through a massive transformation ... in the era of AI ... (and) significant consolidation happening (by) many PE-backed firms"
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Librarian Capital @librariancapital.bsky.social · 22/09/2026
Turning Point Brands $TPB down 10% after CEO Graham Purdy steps down due to "personal circumstances that require his immediate attention" Will be replaced by chair David Glazek, in role since 2023, on board since 2012 & former banker & portfolio manager Reaffirms 2026 outlook
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
"Kremlin-backed forgery scheme moved $6.9bn through global banks" (FT) "Files ... from inside A7 ... reveal how it used old-fashioned money laundering" “Standard Chartered $STAN in Hong Kong alone received $1.1bn from A7-linked entities between late 2024 ... and Aug-25"
ft.com
Kremlin-backed forgery scheme moved $6.9bn through global banks
FT finds thousands of Russian payments handled by Standard Chartered, Citigroup and other international groups in vast leak from inside fintech A7
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
"Russia Seizes Control of Nestlé’s $NESN Local Operations" (WSJ) "A presidential decree Thursday also targeted the Russian operations of French retailers Auchan and Leroy Merlin" cc: $PM
wsj.com
Russia Seizes Control of Nestlé’s Local Operations
Russia also placed the local businesses of French retailers Auchan and Leroy Merlin under temporary external administration, according to a presidential decree.
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
"Mixue floods China’s smaller cities with 45-cent soft-serve cones and has more stores than McDonald’s" (WSJ, 14-Sep) 26H1 results show 21% more stores at period-end But sales grew only 2.3% and Gross Profit fell? $MCD $MICC www.wsj.com/business/ret...
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
You know you've messed up when the only part of the business attracting the buyer is the tax loss FT: "The PIF ... has expressed concern to LIV management that BC Partners’ primary motivation for the deal is to acquire LIV’s $5bn of net operating losses"
ft.com
Saudi wealth fund presses LIV Golf’s saviour to prove its commitment to tour
BC Partners to provide LIV with $10mn bankruptcy loan in effort to alleviate concern about its motivations for rescue deal
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
Lindsell Train: "PayPal $PYPL has spent around $6bn repurchasing its own equity over the past 12 months ... a savvy investment" Price now ~$53, but PYPL has been buying back shares at monthly prices as high as ~$74.75; LTM repurchases are under water with an average price of $54
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
Some things never change "Lax Deutsche Bank $DBK controls enabled banker to embezzle €600k (in 2023-25)" "21 unauthorised transfers totalling €626,000 from wealthy clients ... not a single employee who testified had performed the checks as prescribed"
ft.com
Lax Deutsche Bank controls enabled banker to embezzle €600,000, court finds
Former private banker at flagship branch handed two-year suspended sentence
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
Rumoured 6% Sachem Head stake in Rightmove $RMV "City on alert as activists target Rightmove and Informa" (Sunday Times)
thetimes.com
City on alert as activists target Rightmove and Informa
Stake building by activist investors Sachem Head and Parvus raises questions over futures of property portal and events giant on London Stock Exchange
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
"Hyperscaler off-balance sheet and contingent commitments" (Morgan Stanley & FT Analysis) $GOOG $META $MSFT $NVDA $ORCL $AMZN $AVGO www.ft.com/content/7f11...
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Librarian Capital @librariancapital.bsky.social · 21/09/2026
FT's Patrick Jenkins on banks Nov-25: "The UK bank bashing must stop ... Banks have not benefited from a windfall in any normal sense" FTSE 350 Banks index up ~35% since Today: "Nik Storonsky’s plan for Revolut: a global bank with ‘effectively zero risk’" What happens next?
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Librarian Capital @librariancapital.bsky.social · 15/09/2026
"New fertiliser exporters blunt food crisis fears" "Urea imports from economies shipping via the Strait of Hormuz have dropped 85% ... But total import volumes fell only 6% ... Egypt and Nigeria increased their urea exports by 98% and 81% respectively" www.ft.com/content/e1b2...
ft.com
New fertiliser exporters blunt food crisis fears
Countries outside the Gulf increase market share of urea exports as supplies through Strait of Hormuz collapse
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Librarian Capital @librariancapital.bsky.social · 15/09/2026
Otis $OTIS CEO Judy Marks to retire by 31-Jul-27 Comprehensive search for successor under way Both internal & external candidates considered Marks to leave by earlier of when successor starts, expected 27H1, or 31-Jul-27 Shares down ~1%
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