LFG · Parton Capital
Thursday, 07 May 2026
12°
Overcast · High 14°
London, UK
Today's frame
"This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."
Winston Churchill
Lord Mayor's Banquet, Mansion House, 10 November 1942
Spoken three days after the Allied victory at El Alamein — Britain's first decisive land victory of the war.
Today's agenda
Calendar
05:45
Recurring
AM Protocol — fasted draw
07:00
Recurring
Tamoxifen 20mg with breakfast
11:00
Calendar
Beach IFA Catch Up — Andy Parton
19:00
Recurring
PM Supplements with dinner
21:00
Recurring
DSIP injection — Cycle 2, Day 2 of 28
The headlines
BBC most-read · FT
BBC
Geopolitics · Iran
Iran considering US proposal as Trump says war will be 'over quickly'
Pakistan-mediated talks have, overnight, shifted the language: what was being described as a US proposal is now being marketed for permanence. Trump's framing — "war over quickly" — is the soundbite, but the framing is the story. If the wording sticks, gilt yields drift and the energy complex re-prices into the close.
FT
Financial Times · Top story
Shell’s profits jump as Iran war delivers windfall
Energy major warns of lower gas production after damage to Gulf facilities. The asymmetric upside hiding inside the downside risk — see also Emirates below.
FT
Financial Times · Top read
Emirates soars to record profit despite Iran war grounding planes
Dubai airline says most flights restored after airspace closures sent jet fuel prices soaring. Insulation through scale, again.
BBC
BBC News · Most read
Two Britons self-isolating in UK after leaving hantavirus cruise ship
A British man among three evacuated; two more self-isolating in the UK. Public Health England statement expected today.
FT
Financial Times · Editor's pick
Apple, Berkshire and the virtue of patience
Waiting for outstanding opportunities has paid off but is getting harder. Read it for the AAPL position arc.
BBC
BBC News · Most read
German tourist wins payout after losing sun lounger race
Sued his tour operator for allowing reservation-by-towel despite a hotel ban. Genuinely the most German lawsuit ever filed.
FT
Financial Times · Editor's pick
The leverage layer cake behind HSBC’s private credit losses
HSBC didn't lend to the collapsed mortgage provider MFS. Took a $400m hit anyway. The structural read on how exposure travels through private-credit chains.
FT
Financial Times · Top read
Four ways Europe’s big immigration experiment has changed Spain
Spain accounts for a quarter of new EU jobs this decade — 70% have gone to immigrants. Worth reading given the Mojácar property arc.
BBC
BBC News · Most read
Woman covertly filmed for 'humiliating' social media content - then told to pay
Alice says the video was viewed 40,000 times. The wider story: civil remedy as the only available recourse — no statutory framework.
BBC
BBC News · Newspaper headlines
'Cruise ship rat virus' and 'Deal or we'll bomb you to hell'
The papers' splash today — the FT's Iran-windfall corporates and the Sun's Trump quote running side by side.
The sportsman
Pundit · Arsenal
ARSEBLOG
First Champions League final in twenty years. Saka's ninth-minute goal against Atlético stood up — a 1-0 that did the job, no more. The two-legged read is the familiar one: shape over surge, control over chaos, Saliba and Saka the difference. If you'd told the Emirates in December those would be the names lifting Arsenal into the final, no one would have argued.
What waits is a different problem. PSG were the team Arsenal couldn't have wanted. Luis Enrique has rebuilt them into the complete package — the post-Mbappé identity now carrying titles. Last night's Bayern leg ended 1-1 thanks to a Kane equaliser in injury time, but the aggregate was 6-5 to Paris and never really in doubt.
Read the Arseblog overnight and the Athletic preview side by side — same conclusion. Arsenal need to take a goal lead off the early Saka-Saliba axis; PSG will outlast them in midfield if they don't. Three weeks to Munich.
BBC
BBC Sport · Most read
From ego-ridden team to complete package - why PSG pose ultimate test
Luis Enrique's expertise at rebuilding a culture as well as a team means Arsenal will confront the complete package, not a roster.
BBC
BBC Sport
Late Bayern pressure not enough as PSG return to Champions League final
Kane's injury-time equaliser earns Bayern a 1-1 second-leg draw. PSG go through 6-5 on aggregate.
ARSEBLOG
Arseblog
Arsenal 1-0 Atletico Madrid: Budapest here we come!
The match report from the Emirates. Saka's goal, Saliba's defending, the breath you took on full time.
ARSEBLOG
Arseblog · Tim Stillman
Harvest
Stillman's longread on the slow accumulation of competence under Arteta. The piece to read with coffee.
BBC
BBC Sport
Why was Neves handball against Bayern not a penalty?
The week's other read — fitness-app advertising under scrutiny.
Parton Capital
From Portfolio Live
FTSE 100
10,368
▼ 0.68% · close
S&P 500
7,365
▲ 1.46% · close
NASDAQ
25,839
▲ 2.02% · close
Brent Crude
$98.79
▼ 2.45% · close
BTC/USD
$81,091.49
▼ 0.41% · close
Dow Jones
49,911
▲ 1.24% · close
Position moves & commentary
NVDA
Up nicely on the day. Hold through GTC and into Q1 earnings.
Data-centre capex still scaling. Earnings cadence supportive; no action.
▲ 5.27%
META
Hold. Reels monetisation still bending the right way.
Off Friday's print but the read-through to ad pricing is the story.
▲ 1.65%
EQQQ.L
Hold. NASDAQ exposure intact.
The largest GIA position by value. Move only if NASDAQ breaks 22k.
▲ 0.56%
IAG.L
Up 2.7% on Brent retracement.
Easter capacity numbers were good. Q1 trading update due 12 May.
▲ 2.66%
MRNA
Up 4%+ — bid on a regulatory whisper, not a story to chase.
Position is small enough to leave; don't add.
▲ 4.79%
SMT.L
Edging up. Premium to NAV the only thing to watch.
Trim trigger at +5% NAV premium. Not yet.
▲ 0.66%
EQQQ.L
Hold. NASDAQ exposure intact.
The largest GIA position by value. Move only if NASDAQ breaks 22k.
▲ 0.56%
Trade recommendation · Medium conviction
Trim Robinhood USD exposure on the bounce — NVDA + MSTR up 5%/4%
Strong day across US holdings driven by easing Iran tape. Take 10% off NVDA into £/$ at 1.36, hold MSTR until BTC clears £62k. Don't add. Cash to GIA sleeve.
Now showing
Curator
JustWatch · pending
Apple TV+
Slow Horses, Series 5
Mick Herron's Slough House cycle reaches the season most readers consider strongest.
JustWatch · pending
Netflix
A Complete Unknown — leaves Netflix UK Friday
Worth one watch before it disappears — the Newport scene alone.
JustWatch · pending
Mubi
The Brutalist — exclusive UK streaming
Adrien Brody won Best Actor. The 70mm cinematography is the case for finding a four-hour evening.
London life
Curator
Tate feed · pending
Tate
Yoshitomo Nara — final week
Five rooms, twenty-five years of work. Saturday will be a scrum; Wednesday morning is the play.
Eater feed · pending
Eater
St. JOHN reopens after refurbishment — Smithfield
Fergus Henderson's flagship has been closed for nine months. Bone marrow and parsley salad still on the menu.
RA feed · pending
RA
Boiler Room presents Floating Points · Printworks (one night)
Sam Shepherd's first Boiler Room since the 2022 set. Live ensemble, not the laptop set.
Open loops
Google Tasks
System
Google Tasks integration paused — refresh token expired
Asset audit · build-time validation
16 of 16 hero assets passed.
All 16/16 hero + headline images pulled from publisher metadata (BBC og:image, FT media:thumbnail, BBC Sport og:image, Arseblog og:image), validated for HTTP 200 + image content-type. Images served with referrerpolicy=no-referrer to bypass any hotlink protection. Streaming + London Life run with placeholder cards until JustWatch / Tate / Eater / RA feeds are wired. Google Tasks paused — refresh token expired.