UK MIDCAPS : From Jonathan’s: ‘The course of the exchange & other things’

Research evidence excerpt

UK MIDCAPS : From Jonathan’s: ‘The course of the exchange & other things’

EQUITIES

UK MIDCAPS

From Jonathan’s: ‘The course of the exchange & other things’

Jonathan’s was the coffee shop where the London Stock Exchange began, a place where15 MAY 2026

Sector Research Report Stockbrokers discussed the movements of the market and share prices. The first write up was called

Production time: 11:01* (London time)

“The course of the exchange & other things.” In our weekly which bears the same name we will look

Research Analysts & Publishing Entities

at what has momentum, which stocks are moving, or not, and why. It will touch on the macro, the

Matthew Lloyd political and the general sentiment as well as specific stocks. We will frequently use the ‘Mr Market’BNP Paribas London Branch

(+44) 7584 606 239 allegory of Benjamin Graham to explain market movements and highlight stocks with or without

matthew.lloyd@uk.bnpparibas.com momentum. One can imagine Mr Market gently snoozing, while the hoary old stockbrokers get

Daniel Cowan animated about politics, until someone mentions Computacenter (+) Molten Ventures (+) and Genus

BNP Paribas London Branch (=) when he sits bolt upright and gets excited.

(+44) 7584 606 158

daniel.cowan@uk.bnpparibas.com Key issues of the week: Politics

The will they/wont they (the Labour party) mount a bid to change the PM; the will he/wont he (Wes

Streeting) launches a bid and the will they/wont they (the UK Government) risk the ire of bond

markets with a more left-leaning agenda. Oddly, while the 10-year gilt yield and Sterling appear to

have reflected these twists and turns, the stock market performed much as did that of France,

Germany and Norway. Mr Market seems more concerned about inflation than the leader of the British