Davy Research

Fresh thinking on the European

industrials and consumer sectors

Current themes at Davy Research


Game-changer - a revitalised business and transformational acquisition make for a compelling investment case

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Following better-than-expected FY results, we have upgraded our CRH forecasts for 2015 and 2016. Each division posted an improvement in 2014, while the group continued to deliver on...

March 10 2015| Robert Gardiner , Barry Dixon | Company Report | 55 pages

Recipe for success: Howden's growth set to continue

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Howden Joinery is a unique, growth focused business that has consistently delivered double-digit earnings growth since 2008 against the backdrop of a largely declining market. The...

January 29 2015| Michael Mitchell , Flor O'Donoghue | Company Report | 62 pages
Markets & indices

European benchmarks outperform in March; Q1 returns strong globally

The MSCI Europe index rose 0.9% in March, the best performing regional segment of the MSCI AC World index. In sharp contrast, the North American segment fell 1.6%. This resulted in a...

April 1 2015| Jim O'Neill , Laura Chambers , Jenny Campbell , Colin Richardson | Monthly Market Monitor | 31 pages
Transport & logistics

Davy on Airlines 2015: short-term gain; long-term pain

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Our preferred names in the European airline sector are Ryanair and IAG. Both are structural winners in what we believe will be an increasingly competitive market in both short haul and...

January 22 2015| Stephen Furlong , Ross Harvey , Allan Smylie CFA | Sector Report | 54 pages
Davy Research

Outlook for the political landscape in Ireland 2015-2017

Davy has commissioned David Farrell, Professor of Politics at University College Dublin, to provide an outline of the outlook for Ireland’s political landscape 2015-2017.

February 19 2015| Guest | Irish Economy | 14 pages

Political risks to Ireland's recovery

In this report we consider the political risks to Ireland’s recovery.

February 19 2015| Conall Mac Coille | Irish Economy | 15 pages

New Irish economic forecasts: Ireland's economy enters the catch-up phase

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We have significantly revised up our forecasts for Irish GDP growth to 4.8% in 2014, 3.7% in 2015 and 3.4% in 2016. The key reason for these revisions is Ireland’s strong export...

February 2 2015| Conall Mac Coille | Irish Economy | 10 pages