Davy Research

Fresh thinking on the European

industrials and consumer sectors

Current themes at Davy Research

Food, beverage & pharma

Growth is the missing ingredient; initiating coverage with a 'Neutral' rating

Having observed the improving operational and financial performance of Premier Foods over the past 18 months, we believe the investment case now has more credibility. However, we...

October 1 2015| Declan Morrissey | Company Report | 32 pages

Initiating coverage with 'Outperform' rating

Malin aims to create shareholder value through the selective long-term application of capital and operational expertise to private, pre-IPO, pre-trade sale businesses across the life...

September 29 2015| Jack Gorman , Declan Morrissey | Company Report | 33 pages

Site visit conveys positive tone

The key take-away from our recent annual Davy financials site visit is that the improving Irish economy is providing a welcome boost to both the banks and NAMA. The prospect of...

September 23 2015| Stephen Lyons , Diarmaid Sheridan , Emer Lang | Davy Banks Monthly | 16 pages
Transport & logistics

Navigating volatile times

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The European transportation sector has fared well through the recent China/commodities-led sell-off, outperforming by 8% over the past three months. The airlines have gained from...

September 1 2015| Stephen Furlong , Ross Harvey , Allan Smylie CFA | Sector Report | 83 pages
Markets & indices

Rout in global equities continues with worst quarter since Q3 2011; final-day rally pares losses

Global equity markets continued to fall sharply in September. The MSCI AC World Index lost 3.6% (local currency) to deliver the poorest quarterly return (-8.6%) in four years. However, a...

October 1 2015| Jim O'Neill , Laura Chambers , Jenny Campbell , Colin Richardson | Monthly Market Monitor | 27 pages
Davy Research

New economic forecasts: GDP to grow by 6.5% in 2015 and 4.0% in 2016

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We have significantly revised up our forecasts for Irish GDP growth to a 6.5% expansion in 2015, 4.0% in 2016 and 3.6% in 2017. This follows exceptional GDP growth in H1 2015.

September 29 2015| Conall Mac Coille | Irish Economy | 11 pages