Canaccord Coffee Break

The situation in the Middle East continues to drive markets, with tensions around the Strait of Hormuz keeping energy prices elevated. While oil grabs the headlines, another important market reaction is happening elsewhere: UK government bond (gilts) yields are now approaching 5% - levels not seen since the financial crisis. For long-term investors, this surge isn’t just a headline, it could represent a rare opportunity to secure attractive, tax-efficient returns.This week, Jane Parry, Chief Marketing Officer is joined by Leah Bramwell, Head of Tailored Investment Solutions, to discuss:How the Strait of Hormuz-driven energy shock is feeding into inflation and interest rate expectationsWhy central banks are pausing but signalling very different paths aheadWhat’s behind the sharp move higher in UK gilt yields.In a fast-moving environment, it’s easy to focus on the headlines. But often, the real story lies in how markets respond and where that creates opportunity.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

The Strait of Hormuz - through which around a fifth of the world’s oil flows - is now at the centre of escalating tensions, sending energy prices sharply higher and raising fresh questions for inflation and interest rates.Oil has surged above US$100 a barrel, with sharp swings reflecting just how uncertain the situation remains. But this isn’t just about energy: when oil moves, it feeds into almost every part of the global economy, from supply chains to inflation, and ultimately central bank decisions.This week, Jane Parry, Chief Marketing Officer is joined by Tom Hibbert, Chief Investment Strategist, to discuss:Why the Strait of Hormuz has become the key flashpoint for marketsHow energy prices are feeding through into inflation and growth expectationsWhy central banks in the UK, US and Europe are responding differentlyWhat investors should be watching as the situation continues to evolve.Markets have remained relatively resilient so far, but the backdrop is shifting quickly. As always, staying diversified and focused on the long term remains key.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

Escalating tensions involving Iran have unsettled global markets, driving energy prices higher and reviving inflation concerns. The ripple effects have been felt across asset classes, with the UK market particularly sensitive to an energy-driven shock.Against that backdrop, UK government bonds (gilts) have endured one of their worst weeks in years. Gilt yields moved higher as investors reassessed inflation risks and the outlook for interest rates.But the picture may not be as straightforward as it seems. While falling bond prices have made headlines, higher yields also mean better returns for some investors . In other words, the recent sell off may be opening up a more attractive entry point.This week, Jane Parry is joined by Tom Hibbert, Chief Investment Strategist, to unpack:Why escalating tensions in the Middle East are pushing energy prices higherWhy the UK economy is particularly sensitive to an energy driven inflation shockHow today’s market reaction compares with the Russia-Ukraine energy crisis in 2022Why recent moves in the gilt market may be creating new opportunities for investorsPeriods like this can feel uncomfortable. But market volatility doesn’t always mean danger: sometimes sharp moves can create opportunities for long term investors.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

Markets have turned more volatile this week as tensions in the Middle East escalate. Beyond the very real human cost, investors are trying to gauge what it could mean for energy supplies, inflation and global markets.Equities have pulled back as uncertainty rises, while traditional ‘safe haven’ assets such as the US dollar have strengthened. But the market reaction hasn’t been entirely typical. With oil and gas prices jumping, investors are also reassessing the outlook for inflation and interest rates.It’s a fast-moving situation and market reactions are evolving quickly. What should investors focus on?Jane Parry returns to the Canaccord Coffee Break podcast and is joined by Leah Bramwell, Head of Tailored Investment Solutions, to unpack:How markets are reacting to escalating tensions in the Middle EastHow energy prices and inflation concerns are shaping investor behaviourWhat’s unusual about the current ‘safe haven’ market responseWhy long-term investors may need to stay focused despite short-term volatility.With events still unfolding, Leah explains why keeping a long-term perspective can be key when uncertainty spikes.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL) and Canaccord Genuity Wealth (International) Limited (CGWIL), which are all subsidiaries of Canaccord Genuity Group Inc.CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is registered in Guernsey no. 22761. Registered office: Dorey Court, Elizabeth Avenue, St Peter Port, Guernsey GY1 2HT.

Tech stock performance has dominated headlines in what feels like ages, but the story may be broadening. Investors are turning to ‘old economy’ sectors - industrials, materials and utilities. UK and European equities are showing real strength, supported by infrastructure demand, rising energy needs and valuations that look attractive compared with the US. What else has powered their gains this past week?Tom Willis steps in as co-host again this week and is joined by Tom Hibbert, Chief Investment Strategist, to discuss:Why UK and European stocks are performing strongly amid the rotation from US techHow valuations, earnings momentum and sector exposure are driving this strengthThe risks from Middle East tensions, oil volatility and geopolitical uncertainty.From easing US trade concerns to energy price spikes, global twists are shaping markets. This episode explains where opportunities are emerging and why staying diversified and balanced matters more than ever.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

Last week, AI was ‘coming for’ software. This week, it’s part two and the plot has thickened.The disruption narrative has spread beyond enterprise tech into financial services, with banks, insurers and even wealth managers facing fresh questions over underwriting, research and advisory models.Headline markets were broadly flat. But beneath the surface, there was a sharp rotation. Some of the biggest AI winners came under pressure, while investors shifted towards defensives and so-called ‘old economy’ sectors such as utilities and materials.With Jane Parry away, Tom Willis steps in as co-host and is joined by Tom Hibbert, Chief Investment Strategist, to unpack:Why AI disruption fears have spread from software to financial servicesWhether this is genuine structural change or another ‘shoot first, ask questions later’ momentWhy the capital spending plans of big tech are now being scrutinisedWhich areas of the market are quietly benefiting from the shift.The AI story is evolving at pace. Excitement is giving way to scrutiny. And markets are starting to differentiate between hype and durable business models.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

Just when markets thought they understood the AI story, it shifted again.This week saw a historic rout in global software stocks - their worst week since April last year and their weakest relative performance since the tech bubble burst 25 years ago. In a single day, around US$300bn was wiped off the sector.Is this a genuine turning point, or are the markets shooting first and asking questions later? In this episode, Jane Parry is joined by Kamal Warraich, Head of Fund Selection, to unpack what’s driving the volatility and what it means for investors and the AI story.They cover:• Why new AI tools from the company Anthropic sparked disruption fears• How enterprise software business models could be challenged• What ‘economic moats’ mean and whether proprietary data still protects companies• Why markets may be reacting first and analysing later.Kamal explains that while AI has the potential to reshape parts of the software industry, not all businesses are equally exposed. Some companies may even ultimately benefit from the very disruption that’s causing today’s volatility.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

Gold and silver have been doing well for months. Then, almost overnight, the rally cracked. Last week saw one of the sharpest pullbacks in precious metals in decades, alongside fresh weakness in Bitcoin. Is this just volatility or could it mean something deeper? This week, Jane Parry is joined by a returning Tom Hibbert, Chief Investment Strategist, to unpack what triggered the sudden sell-off.Together they discuss:• Why gold and silver saw historic one-day falls• How higher margin requirements amplified the sell-off• What Kevin Warsh’s expected appointment as the US Federal Reserve (Fed) Chair signals for markets• Why Bitcoin is struggling to live up to its ‘digital gold’ reputation• Why the long-term case for metals may remain intact.Tom explains how a more hawkish Fed narrative disrupted the ‘currency debasement’ trade that has powered metals higher, but why structural concerns around US fiscal policy still support holding gold and silver in diversified portfolios. If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email . We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

In this episode, Jane Parry, Chief Marketing Officer, is joined by Leah Bramwell, Head of Tailored Investment Solutions, to unpack why Japanese politics suddenly moved markets and why investors everywhere should be paying attention. Swapping coffee for matcha, they explain how bond yields, currencies and the much-talked-about ‘carry trade’ fit into the bigger global picture.Together they discuss:• Japan’s snap election and fears of aggressive fiscal spending • A sharp jump in Japanese bond yields and why it matters globally • Yen volatility and the risks around the ‘carry trade’ • How shifts in Japan can affect portfolios far beyond Asia.Leah explains why Japan’s policy mix has the power to move global bonds, currencies and equities and why staying alert to these developments is essential for diversified portfolios.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email . We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc. CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

This week, Jane Parry, Chief Marketing Officer, is joined by Kamal Warraich, Head of Fund Selection, to sift through the noise and break down a week packed with market drama. From silver surging on artificial intelligence (AI) demand and corporate earnings surprises to President Trump making headlines with more trade tariffs and a high-stakes tussle over Greenland, there’s plenty to digest.Together they discuss:• Inflation in the US and Eurozone remaining steady – not rising, not falling fast• Silver hitting historic highs thanks to AI, electric vehicles and supply constraints• Corporate earnings updates, including tech and banking surprises• Trump tariffs and Greenland trade tensions adding volatility.Kamal explains how politics, supply and demand and global headlines are shaping markets in 2026 already and why staying diversified, alert and disciplined will be key for investors this year.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email . We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc. CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

In the first Coffee Break podcast of 2026, Jane Parry is joined by guest host Richard Champion, Co-Chief Investment Officer, to take stock of where markets stand after two strong years and what may lie ahead as the global backdrop becomes more complex.Together, they discuss:• US central bank tensions and political pressure on interest rates• Gold hitting record highs amid high government debt• Strong corporate earnings driving equity markets• Why 2026 may be volatile but still promising for investors.Richard explains why the current environment points to continued progress rather than a market peak, but also why staying diversified, disciplined and alert to inflation risks will be crucial in the year ahead.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email . We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc. CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

Enter the mind-bending world of quantum computing and what it could mean for the future of security.Jane Parry, Chief Marketing Officer is joined again by Research Specialist in our Chief Investment Office, John Pullar-Strecker to explore:How quantum phenomena already exist in nature - from migrating robins to plant photosynthesisThe concept of the “Quantum Christmas Safe” and what it tells us about future securityHow quantum computing could accelerate breakthroughs in medicine, cryptography, and financial analysisIf you have any feedback on this episode, the podcast overall or questions regarding future topics, please email . We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc. CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

As Christmas approaches, many households will be spending a little more time (and money) caring for the cherished pets they have. But behind the festive cheer sits a serious and growing theme: how we look after pet health and why innovation in diagnostics is becoming increasingly important for owners, vets and investors alike.In the first of our special Christmas episodes, Jane Parry, Group Chief Marketing Officer, is joined by John Pullar-Strecker, Research Specialist in our Chief Investment Office, to explore the fast-growing world of pet health and diagnostics and why it matters from both a societal and investment perspective. Together, they discuss:• The sheer scale of pet ownership across the UK, Europe and the US• Why rising insurance costs and the cost of living are putting pressure on pet owners• How a global shortage of qualified vets is creating bottlenecks in care• How advances in diagnostics - from blood analysis to oncology screening - can improve outcomes for pets• Why companies providing diagnostic technology benefit from strong, recurring revenue models.John explains why owners often prioritise their animals’ wellbeing over their own spending and how investing in pet health technology can support better care - while also offering attractive long-term investment characteristics.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email . We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc. CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

In our final regular weekly episode of the year, Jane Parry, Group Chief Marketing Officer, is joined by Tom Hibbert - newly appointed Chief Investment Strategist - to reflect on the latest market developments and what they could mean as we head into 2026. Together, they discuss:Why equity markets have drifted sideways despite a Fed rate cutWhat the end of quantitative tightening really means and why it matters for liquidityWhy weakness in tech and AI has been offset by strength in cyclical sectorsHow the Fed’s shift from a restrictive to a more neutral stance could support marketsWhat the US National Security Strategy reveals about the link between economics, technology and global powerWhy AI, quantum computing and advanced manufacturing are now central to US economic policy.Tom explains why the Fed’s move away from a hawkish stance should provide near-term market support and how the growing strategic competition between the US and China is reshaping investment themes, particularly around technology, productivity and domestic manufacturing.If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email ⁠coffeebreak@canaccord.com⁠. We’d love to hear from you.Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change. Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc. CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862).CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761).CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

In this episode, Jane Parry, Group Chief Marketing Officer, is joined by Tom Hibbert from the Chief Investment Office to explore how the world’s most influential central banks are shaping market sentiment as we head into year-end. Together, they cover: Why markets have been ‘rangebound’ and what that tells us about investor sentiment Why the Fed is cutting rates despite a surprisingly ‘hot’ US economy What Kevin Hassett’s rise as frontrunner for chair of the Fed could mean for policy independence Why the BoE looks set to follow with rate cuts of its own How Japan’s first potential rate hike in nearly 20 years is reshaping its bond market Whether rate cuts - or hikes - could ultimately fuel a classic Santa rally. Tom explains how these shifts across the central banks are feeding into broader market sentiment and what that may mean as we head into 2026.   If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.   Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.   Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.  CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862). CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761). CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

We’re interrupting our regular programming to welcome David onto our weekly Canaccord Coffee Break podcast for a special Budget episode. In discussion with Jane Parry, Chief Marketing Officer, he shares: How clients are reacting to the Budget Practical tips on how to structure your wealth for tax efficiency What’s changed to key tax rates (including some you might have missed) How to make sure you still have the retirement life you want and deserve.   If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.   Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.   Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.  CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862). CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761). CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

In this episode, Jane Parry, Group Chief Marketing Officer, is joined by Tom Hibbert, Multi-Asset Strategist, to cover the market reaction to the recent UK Budget and how markets are developing elsewhere in the world. They spoke about: Why AI-linked tech stocks are under pressure and what’s driving the sell off Shifting risk appetite in the credit market What the Volatility Index ‘fear gauge’ is telling us about market uncertainty Why Bitcoin’s sharp price drop matters for market sentiment Plus: the UK Budget’s impact on gilts and why tax changes could make them more attractive. Tom explains why these stress signals may point to sensible profit-taking rather than a full-blown market reversal and why strong fundamentals still underpin the outlook.   If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.   Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.   Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.  CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862). CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761). CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

This week, Jane Parry, Group Chief Marketing Officer, is joined by Tom Hibbert, Multi-Asset Strategist in our Chief Investment Office, to unpack whether the shine is coming off the AI boom - or whether this is just another plot point in the fast-moving AI narrative. In this episode, they explore:  Why Burry believes parts of the AI story are running ahead of reality The eye-watering levels of tech spending and why depreciation matters How aggressive accounting could be flattering profits in the near term Why the one-year chip upgrade cycle is creating real questions for investors. AI remains one of the most powerful investment themes of our time - but understanding how it’s funded, built and accounted for is crucial.    If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.   Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.   Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.  CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862). CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761). CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

This week Jane Parry, Group Chief Marketing Officer, is joined by Tom Hibbert, Multi-Asset Strategist in our Chief Investment Office to explore UK fiscal policy and what it means for growth, markets and your investments.  In this episode, they discuss: Why further tax rises could actually reduce long-term growth by discouraging investment and business activity How the UK government could grow the economy without large upfront tax cuts Last week’s market pause, which looks like healthy consolidation rather than a shift in trend. With UK fiscal policy clearly shaping investment prospects, this is essential listening for anyone wanting a clear, concise view on the risks and opportunities for UK investors.   If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.   Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.   Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.  CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862). CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761). CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.

This week Jane Parry, Group Chief Marketing Officer, is joined by John Pullar-Strecker, Research Specialist in our Chief Investment Office to explore the tech giants dominating global markets and what it means for investors. In this episode, they discuss:  Why the top ten US companies now make up over 40% of the US stock market How NVIDIA, Microsoft and Apple each rival the entire UK stock market in value What’s driving explosive growth in AI and cloud computing How this wave of investment appears more sustainable than the dot-com era. With tech reshaping industries and investment in these companies reaching unprecedented levels, this is essential listening for anyone wondering whether today’s AI boom is a spark that will fizzle or the start of a dazzling new era.   If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.   Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.   Canaccord Wealth is the trading name of Canaccord Genuity Wealth Limited (CGWL), CG Wealth Planning Limited (CGWPL), Canaccord Genuity Wealth (International) Limited (CGWIL) and Canaccord Asset Management (International) Ltd (CAMIL), which are all subsidiaries of Canaccord Genuity Group Inc.  CGWL and CGWPL are authorised and regulated by the Financial Conduct Authority (reference numbers: 194927 and 594155). CGWL and CGWPL are registered in England & Wales at 88 Wood Street, London, EC2V 7QR (numbers 03739694 and 08284862). CGWIL is licensed and regulated by the Guernsey Financial Services Commission, the Isle of Man Financial Services Authority and the Jersey Financial Services Commission. CGWIL is authorised by the Financial Sector Conduct Authority (FSCA) as a financial services provider in South Africa, FSP no. 48055. CGWIL is registered in Guernsey at Dorey Court, Elizabeth Avenue, St. Peter Port, Guernsey, GY1 2HT (number 22761). CAMIL is licensed and regulated by the Jersey Financial Services Commission. Its Guernsey branch is licensed and regulated by the Guernsey Financial Services Commission and its Isle of Man branch is licensed and regulated by the Isle of Man Financial Services Authority. is authorised by the FSCA as a financial services provider in South Africa. Registered in Jersey No: 143275. Registered office: Third Floor, No 1 Grenville Street, St. Helier, Jersey, JE2 4UF.