A Future Beyond Brick and Mortar- disruptive change ahead in automotive retail by McKinsey is well-researched and directionally sound.

A week at NADA is usually enough to kill a few assumptions and sharpen a few others. This year's overwhelming takeaway wasn’t about the death of dealerships, EVs or the US market - it was about defensibility.

As the US Q4 earnings season kicks off, listed dealer groups are once again setting the tone for global automotive retail. The early read-across is familiar: revenues remain resilient, margins continue to normalise, and capital discipline is firmly back in focus.

This week's blog is shaped around Pantheon Macroeconomics' UK Webinar (22 Jan 2026) - full credit to their team for one of the clearest, most evidence-based reads of the UK macro backdrop I've seen in a while.

Venture capital didn’t recover in 2025. It split in two. One-half got $100M rounds, soaring valuations, and an infinite runway. The other half got ghosted.

Christmas often creates a rare pause - time to reflect on the year just gone, lessons learned, and the people who have quietly shaped how you think about business. One of my Christmas reads this year was Buy Run Build by Charles Skinner.