Half 1 Macro: one year after Donald Trump’s inauguration and almost three weeks into 2026 global markets have digested a year of change and are now processing data from the retail focussed holiday period. In both cases longer term investors are watching for the full effects on the global economy after a turbulent year. In addition, the recent shift in global dynamics created by fresh events in Iran and a step up in the sabre rattling over Greenland have raised tensions as oil and tariffs are back in focus.

Half 2: Revival of Nuclear: Nuclear energy has made headlines ever since it was first rolled out, with the first plant being operational in the 50s in the Soviet Union whilst the first full scale commercial plant in the west came slightly later in the UK. Whilst a revolutionary technology there have been obvious disasters such as Chernobyl and Fukushima and we know from our bespoke ethical questionnaire, the sector is like marmite for clients. We discuss why there has been a revival, some of the pros and cons and the advancement of Small Modular Reactors.