Overall, Donald Trump’s policies are increasing trading uncertainty and are expected to curtail enterprise investment. Consequently, the median share price in the Zeus UK smallcap technology index has fallen by 12% over the last three months. However, we see pockets of resilience in defence, healthcare, infrastructure and cybersecurity and highlight the shares below. Sector statistics: Median sector valuation multiples were 9.1x EBITDA, 13.7x EBIT and 19.7x EPS 2025, and median 2025 revenue, EBI ....
