19 June 2026 | 2:28PM BST Equity Research CONNECTING THE DOTS Capex Boom, Frontier exploration, AI orchestration, Halma, BSTL and Banks plus key research Navigating the Capex Boom. Peter Oppenheimer's must read on Capex here, including why he expects more scope for alpha generation. We are hosting a call with him on Monday (sign up) along with some of the analysts from sectors which benefit from the investment (e.g., Hardware, Utilities, Cap Goods). One of these sectors — Utilities — looks very different to ...

What do we do with the oil service stocks now that peace seems to be breaking out in the Middle East, putting pressure on the price of crude? Today, SLB, the old Schlumberger, was in New York for an investor day meeting that was all about its digital business. These guys have incredible technology that helps oil and gas producers improve their performance. Now, it's still a real small part of their business, roughly 7% of revenue last year, but it's growing rapidly. It carries higher margins than the rest o ...