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

An inflection point for yields

We are now more constructive on industry fundamentals for the first time in four years. Capacity growth trends in short-haul and key long-haul markets are improving. There are also...

Jan 27 2017| Stephen Furlong , Ross Harvey , Allan Smylie CFA | Sector Report | 73 pages

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

A decent start to the year: MSCI AC world index adds 1.5%

Global equity markets continued their rich vein of form in January, advancing 1.5%, marking the best start to a year since 2013. The recent strong run started with the election of...

Feb 1 2017| Jim O'Neill , Jenny Campbell , Laura Chambers , Colin Richardson | Monthly Market Monitor | 22 pages

Davy Research conviction list records solid performance in January; adding IAG

The Davy Research conviction list has started the year well with six of the seven names outperforming the benchmark. We are happy to keep these names on the list, and are adding IAG,...

Feb 1 2017| Barry Dixon | Sector Report | 14 pages

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
Davy Research

Eurozone and UK: prospects diverge in post-Brexit Europe

In our January issue of Davy Economics Monthly, we highlight the diverging outlook for the eurozone and UK economies in 2017. Concerns around political events – namely, elections in...

Jan 18 2017| David McNamara | Davy Economics Monthly | 11 pages