Davy Research

Fresh thinking on the European

industrials and consumer sectors

Current themes at Davy Research

Industrials

High on Hope but 'Neutral' for now

Breedon offers quality exposure to the consolidation opportunity in the UK heavyside market. The transformational Hope deal, led by a proven management team, provides scale and...

Dec 6 2016| Aidan Murphy , Robert Gardiner | Company Report | 64 pages
Food, beverage & pharma

An outlier that can continue to prosper

That Cranswick has prospered through a decade of deflation and static volume growth in UK food manufacturing is testament to its operational excellence and smart capital allocation. It...

Nov 9 2016| Declan Morrissey | Company Report | 25 pages
Transport & logistics

Line your pockets!

Container liners are like airlines on steroids – there is massive gearing to a yield number that, let’s be honest, is practically impossible to forecast. So why bother looking at A.P. Møller...

Dec 8 2016| Allan Smylie CFA , Ross Harvey , Stephen Furlong | Company Report | 61 pages
Markets & indices

Global markets continue to rise in December; MSCI AC world index adds 2.4% to bring 2016 advance to 6.8%

The MSCI AC world index gained 2.4% in December, capping a very strong H2. The index climbed 8.4% in the second half of the year after advancing in five of the final six months. This...

Jan 3 2017| Jim O'Neill , Laura Chambers , Jenny Campbell , Colin Richardson | Monthly Market Monitor | 23 pages
Davy Research

Conviction calls for 2017: focus on growth, strength and returns

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For 2017, we are introducing the Davy Research Conviction List, comprising the highest conviction ideas from the 120 stocks we cover. Our ideas are based on deep fundamental knowledge...

Jan 3 2017| Barry Dixon | Research Report | 11 pages

UK Autumn Statement preview: time for a bold statement

This year’s Autumn Statement (Wednesday, November 23rd) provides the first opportunity for the UK government to outline a fiscal policy response to Brexit. The job of closing the...

Nov 21 2016| David McNamara , Robert Gardiner | Davy Economics Monthly | 11 pages

Budget 2017 as expected; Help-to-Buy unveiled

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Budget 2017 measures were broadly as expected – a €1.3bn giveaway, split 3:1 in favour of spending rises over tax cuts. The deficit is expected to fall to 0.9% of GDP in 2016 and 0.4% in...

Oct 11 2016| Conall Mac Coille , David McNamara | Irish Economy | 4 pages